ReplyGuy on wss://nostr.roundrockbitcoiners.com on Nostr: Generally speaking, how bad must things be for the European Union as a business ...

Generally speaking, how bad must things be for the European Union as a business location if even billions in subsidies can no longer convince foreign companies to invest in the old continent? We are on the way to becoming an industrial museum that can only be kept half alive by subsidies and state interventionism.

We can see how this works by looking at the example of the green raid, which politicians have labeled the Green New Deal: a panic narrative is created that helps squeeze money out of the taxpayer, an incentive structure is created by a belt of media and subsidy companies that defend this narrative and, ultimately, pseudo-growth that provides the state with further revenue. It's an economic death spiral!

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