Tag: European Union

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free trade & free markets too much government

An Ember of Hope?

EU, European Union, Italy, cars, green new deal, global warming, climate change, bureaucrats

Will the world escape the punishing “green energy” mandates?

The government of Italy is making known its unhappiness with a looming ban on sales of gas-​powered vehicles, supposed to happen by 2035. The mandate has been imposed by the European Union, of which Italy is a member.

The transition is to be attended by formal review of how things are progressing toward the goal of eliminating gas cars. One is scheduled for 2026. Italy wants it to happen sooner.

Italy’s industry minister, Adolfo Urso, has indicated that his government will soon formally request this early review. Everyone understands that this is not because the current government of Italy is in a hurry to stamp its imprimatur on the EU’s plans.

Urso says: “We believe it’s absolutely necessary to modify the direction of EU industrial policy. The automotive sector is the one where a change from the Green Deal is most required.”

Prime Minister Giorgia Meloni has called the decision to outlaw gas-​powered vehicles “self-​destructive.”

Meanwhile, demand for electric cars has slumped in Europe and the U.S. as the inconveniences and risks become better known. These include the cars’ still very high cost, their tendency to freeze up in very cold weather, the greater frequency with which their tires must be changed, the difficulties of recharging, the difficulties of putting out the fires when the cars catch fire.

May Italy show the way out of the debacle and let’s hope the rest of the EU follows.

This is Common Sense. I’m Paul Jacob.

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First Amendment rights ideological culture international affairs

EU to Axe X?

Elon Musk, EU, European Union, censorship

Sandro Gozi, European Union parliament member, wants Elon Musk’s Twitter operation gone. Out of the European Union.

Not no matter what. Only if Twitter — “X” — keeps flouting the EU’s censorship rules.

Gozi says: “If Elon Musk does not comply with the European rules on digital services, the EU Commission will ask the continental operators to block X or, in the most extreme case, force them to completely dismantle the platform in the territory of the Union.”

Oh dear.

This threat comes right after EU official Thierry Breton’s threatening letter to Musk about his impending Twitter interview with Donald Trump. Musk told Breton to “[obscenity deleted]” and proceeded with the interview. Other EU arbiters of speech quickly dissociated themselves from Breton’s threat.

So maybe Gozi’s confidence about what fellow EU commissars will do if Musk does not play ball is misplaced. Perhaps the others will think about how Twitter users throughout Europe would react if their X accounts became “ex-” accounts.

Various Italian officials, Gozi’s countrymen, roundly repudiated his gabble.

“Silencing the voice of millions of people in order to strike out at those who think differently from them?” challenged Italian Deputy Prime Minister Matteo Salvini. “Unacceptable and disturbing.”

The political party of Giorgia Meloni issued a statement saying that the “contemporary left [are] allergic to opinions that are not aligned with their mainstream, and inquisitors of anyone who does not submit to their suffocating cloak of conformism.”

Elon Musk likely sees the truth: this fight is winnable.

This is Common Sense. I’m Paul Jacob.

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Accountability crime and punishment international affairs

Stuck With It?

Poland, Pfizer, vaccine, European Union

Poland told Pfizer to stick it elsewhere. Now Pfizer’s suing for failure to pay for all the jabs … that Poland didn’t use. Or take. Or even allow in the country.

Pfizer’s a big company, of course, but you know we’re not talking about Celebrex or Fentanyl Citrate or Sonata here. We’re talking about The Jab. The one developed with BioNTech and contracted for by governments around the world.

As near as I can make out, it’s a breach of contract case.

But with a wrinkle.

Poland put a halt to pushing Pfizer’s COVID vaccine in April of 2022, and the people generally seem just fine with it, seeing as how they have a much, much lower rate of excess deaths now than does, say, Sweden, which pushed the vax for far longer. 

But why couldn’t Poland simply stop usage of the jab? 

After all, a customer shouldn’t be forced to take a medication, right? 

Well, the contract was not between Pfizer and Poles individually — this is the modern, statist world, after all — or even collectively, corporately, through the state. The contract was between Pfizer and the European Union!

And elements were secret. 

The Polish government, placed on the hook for the drug, was not allowed to see the whole contract.

Think of this as just one of the many ways that politicians who bash Big Pharma bent over backwards to give Big Pharma cushy, cushy deals.

But in court, how will those secret clauses play? I suspect that Pfizer’s prognosis may be negative.

Which would be a healthy outcome.

This is Common Sense. I’m Paul Jacob.

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folly free trade & free markets general freedom moral hazard too much government

When Parasites Collide

Apple, EU, tax, Europe, Ireland, illustr

There are times I wish I were a tax accountant.

You know, just so I could better understand the news.

The European Commission has handed Apple, Inc., a $14.5 billion tax bill.

Owed to Ireland.

Apple, the tax commissioners said, had paid too little in taxes to Ireland, amounting to a mere 1 percent of the company’s European profits.

The Emerald Isle’s normal corporate tax rate is 12.5 percent.

On first read, this sounded like a tale of crony capitalism, with the EU’s tax authorities riding in, heroically, holding aloft the gonfalon of fair play, on the side of truth, justice, and an even playing field.

Well, the story gets complicated. The U.S. Treasury has protested the ruling as unfair. And Senator Chuck Schumer called it a “cheap money grab.”

The Wall Street Journal opinion page comes out on Apple’s side, too, but gives some specifics. Apple paid all the taxes it owed under Irish and EU law, but the ruling wasn’t about law, it was, we are told, about politics.

I can believe that.

So, as near as I can make out, what we have here are three sets of governmental interests, each intent on sucking the most out of a rich, innovative, and wildly successful multinational corporation.

It’s hard not to side with the target, Apple, and think of the other groups as mere parasites.

After all, my non-accountant’s spidey sense suspects that Schumer objects because the U.S. government isn’t going to get any of that $13 billion.

Preferring an “expensive money grab,” I suppose.

This is Common Sense. I’m Paul Jacob.  

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free trade & free markets general freedom too much government

Hysteria, Assassination, and Big Government

Brexit, EU, European Union, independence, democracy, illustration

The biggest political story of the month? Brexit.

The people of Great Britain will vote, this week, whether to remain in, or exit, the European Union. (Britain+exit=“Brexit,” you see.)

Establishment forces in Britain have engaged in hysterical, hyperbolic overkill, warning of grave disaster were Britain to leave the union. America’s President Barack Obama contributed to this, recently, when he warned that an independent Britain might find itself placed “at the back of the queue” in trade talks.

Tragically, things got more troubling last week when anti-​Brexit, pro-​union campaigner Jo Cox, a Member of Parliament and prominent Labour Party activist, was brutally slain last week in front of her local library. The man had just left a mental health facility, after requesting help.

At first, major media reported that the killer had shouted “Britain First,” an old patriotic motto as well as the name of a pro-​Brexit political party, while shooting and stabbing her. Of the several eyewitnesses to have allegedly testified to this murderous shout, only one is sticking to the story … a member of the British Nationalist Party, which is antagonistic to Britain First. Other eyewitnesses deny the story.

Next, both sides promised to cease campaigning, out of good taste. Still, polls fluctuated, while remaining close.

Much of the furor has risen over immigration policy, especially fears about EU laxity towards Muslim refugees.

But the bedrock issue is Big Government. The EU is not effectively controlled by citizens; indeed, membership representation is mostly show, a mockery of republican government.

That is why, if I were British, I’d vote to Brexit.

This is Common Sense. I’m Paul Jacob.

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folly

Shocking Consequences

Greece Surprised, Greek, spending, crisis, debt, EU, collage, photomontage, Paul Jacob, http://cognitivebiasparade.prosite.com/, political, politics

Five years into (the latest phase of) the Greek debt crisis, a former bureaucrat who was unable to withdraw her money from an ATM when the government declared a bank holiday had this to say: “How can something like this happen without prior warning?”

It’s always a surprise — to some people — when blatant causes lead to blatant effects.

In the case of Greece, or any socialistic welfare state, it’s a surprise when the money finally runs out. So accustomed to binge behavior, enthusiasts for “what’s thine’s mine” and “spend now/​pay later” politics are nonplused when there’s nobody left to temporarily rescue them from the worst wealth-​destroying effects of all the productivity-​destroying causes.

The woman’s question has a short-​term answer and a long-​term answer.

The first is: what did you expect? The point of suspending access to bank accounts without warning is to stop holders draining banks of the last of the euro cash, supply of which the Greek government cannot expand unilaterally. Warning would have made the suspension pointless.

The second answer is: what did you expect? That is, haven’t you been paying attention for the last several decades?

By the time you read these words, Greece and the European governments may have come up with another patchwork deal for a loan with another series of deadlines. Or maybe Greece will have left the EU or at least the euro and returned to a (now massively inflated) drachma. Greek account-​holders may or may not get another rickety, temporary reprieve.

But what can’t go on forever, won’t.

So it won’t.

Count on it, ma’am.

This is Common Sense. I’m Paul Jacob.

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Greece Surprised!