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by adventured
2941 days ago
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I happen to believe the US should begin reciprocal economic targeting against the EU if they continue down the path of attacking our tech companies via massive fines as a means to offset their inability to compete. Indeed, this outcome is guaranteed to occur. The US isn't going to just watch as the EU continuously steals billions of dollars from its top companies. They're so far behind in the EU, the US would have to stop all technological progress for at least a decade to allow them to partially catch up. When Britain exits the EU, the EU GDP per capita will nearly be 50% lower than the US. Realistically they have no means to keep up with the US over time, they simply don't have the financial capability to do it, I almost sympathize with their desperation. The US is booming, it'll add a trillion dollars to its GDP this year alone. Meanwhile half the EU is a perpetual rolling economic disaster still, a decade after the great recession began. Populists keep gaining more and more traction in EU countries, with Italy looking like it might be the next to leave the EU. It really is hard to blame the EU leadership for trying to find some way to extract value from the US economic dominion, given how weak the EU outlook is. |
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