Peace is the best economic outcome.
However, not everyone prioritizes this outcome. Some entities appear to favor centralized control, the European Union is moving in this concerning direction.
Consider this: in many EU member states, governments control over 50% of their economies (public spendig/GDP). This represents historic highs for these nations and exceeds even China (33%) and Switzerland (32%), according to Statista data.
The United States has warned Europe that our freedoms and economic prosperity face serious threats, suggesting the challenges originate within our own borders. 💯
Europe needs to trade with Russia, China and the USA. We live in one world and have to benefit from the best offering from each country. Otherwise we will live limited by our region's capacity, knowledge and resources, which can threaten our livelihood even something as simple as the food supply.
The stakes are exceptionally high these days. I hope EU leadership will reconsider its current trajectory and address the fragility of European economies. The decisions made by various unelected EU officials are creating continent-wide economic damage. Most EU nations carry unsustainable debt levels. There is virtually no possibility of sustaining prolonged conflict without devastating economic consequences. A lesson clearly demonstrated in the previous century that current leadership seems to have forgotten.
EU leaders appear to be gambling with the wellbeing of European citizens as collateral.