Tag: European Union

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

 

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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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national politics & policies responsibility

A Loan of Common Sense

If you give something that belongs to you, without expecting to get it back, that’s giving. You just hand over a gift and forget about it. Perhaps you would appreciate a “thank you.”

If you lend to someone, you expect to be repaid. Those who don’t repay are called deadbeats.

If you mug somebody on the street and grab his wallet, you are stealing. You are then a thief, a robber.

That’s all straightforward enough. This is not: Say that you steal from the productive citizens of one country or countries (Country or Countries A) and give the dough to the fiscally irresponsible government of another country (Country B), and you call it a loan. But when Country B can’t pay the installments, it is provided another loan originating in the wallets of the very same Country A citizens from whom was extracted the original loan.

What is this? You are not only stealing, you are shuffling IOUs instead of getting repaid. You are also misrepresenting the nature of the transactions, for it is clearly a gift of stolen money and not anything voluntary, like a loan.

Bill Wilson, President of Americans for Limited Government, goes into a bit more of the nitty and gritty of Greece’s tricky tranche of “repayment” on its “loan” from the European Union, and relates it to the similar finagling here in the United States . . . which all rests on credit expansion by the Federal Reserve. “The eggheads in Washington, D.C.,” he says, offer only one solution: “just keep digging.”

But how deep? At some point it gets too hot down there.

This is Common Sense. I’m Paul Jacob.

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national politics & policies political challengers too much government

So Goes the Ancient Chinese Curse

Election news from the weekend tells us that Ron Paul won the majority of delegates at Maine’s GOP state convention, with a sizable hunk of Republicans saying, yet again, “no” to Mitt Romney.

In France, Nicolas Sarkozy got ousted, as French voters put in a self-declared socialist for the second time since World War II.

Meanwhile, in beleaguered Greece, elections gave no clear majority to any party.

Since the new French president, François Hollande, has pledged to fight back against German “austerity” measures, and since Greece, too, resists those “bailout” procedures, it looks like the collapse of the European Union may be at hand.Stop Overspending

On one level, Greek and French voters seem to prefer to live in that special fantasy land where you can grow government and debt indefinitely and expect good times to roll on forever. On another, they are reacting, at least in part, to the idea that austerity is being pushed by foreigners, that they have been forced not by reality to reform, but by . . . Germans!

Americans wouldn’t be happy about having a policy shoved down their throat by France. Or Germany. Or (more likely) Beijing.

It’s not easy accepting less than one is used to.

Which is why, here in America, neither Obama nor Romney talk seriously about measures to balance the budget. Obama lives in la-la land, and Romney thinks that Rep. Ryan’s plan — which allegedly would balance the budget scores of years from now — is a responsible fix for the irresponsible reality of the day.

Only Ron Paul and Gary Johnson are really taking reality seriously. Perhaps that’s why they are still in the race.

Thus it is, in interesting times.

This is Common Sense. I’m Paul Jacob.