Opinion – mainly macro: The wheels on the bus – Simon Wren-Lewis – John Gelmini

English: Flag of the Council of Europe

English: Flag of the Council of Europe (Photo credit: Wikipedia)

I am an even simpler fellow than Dr Alf, and I judge people by what they do.

In 30 years, the EU has not created a single net new job, and the only individual countries in the EU that have, are Germany and most recently the UK.

The politicians in Europe talk mostly about managing the money they have, not increasing exports and bringing in much needed foreign currency. They fail collectively to see that automation, robotics, nanotechnology and 3D printing, plus cybernetics will destroy jobs faster than they can be created, and they have no strategy for dealing with China, and the rising tide of Jihadism.

The bell is tolling and as Ernest Hemingway would say “It tolls for thee”.

A new type of political leadership is needed because the present Bilderberg inspired one is not being accepted by the masses, even at the level of society’s weakest.

In the past, it would have been dealt with by a World War followed by reconstruction.

Recent times have made war more problematic because the weaponry is too powerful to contain the war to “Faraway places about which we know very little”, however dealing with rising terrorism and emerging terrorist states gives the EU an opportunity to reintroduce conscription and National Service and develop an effective defence industry. David Cameron thinks this could take decades, so this could be a way to get moribund economies moving again, and deal with the scourge of long term unemployment, at the same time as clearing out Europe of dangerous and radical elements.

John Gelmini Continue reading