- cross-posted to:
- worldnews@lemmit.online
- cross-posted to:
- worldnews@lemmit.online
Summary
European Commission President Ursula von der Leyen outlined the EU’s vision as a global economic leader during the World Economic Forum, contrasting Trump’s “America First” policies.
She highlighted Europe’s advantages, including its large single market, social infrastructure, and commitment to the Paris climate accord, while emphasizing new alliances with Latin America, Africa, and Asia.
Avoiding direct criticism of Trump, von der Leyen underscored the EU’s stability and rules-based approach.
Her speech signaled a pivot away from U.S.-centric relations and a focus on global trade diversification.
This is more circlejerk from Von der Leyen. Before Trump became president, she was talking about de-risking from China, reducimg economic reliance on other countries, including Russian energy, and now somehow, all of a sudden, she is boasting the EU’s ability to trade with Mexico and China?
Seriously, the EU can’t compete with the US because it cares about its people. Its superior economic, human, social, and civil rights come at the cost of strictly regulating businesses, which kills off innovation and profit making by big businsses. The American syatem rewards monopoly, the lack of labor rights, and increasing wealth inequality by not regulating enough. That breeds big tech, big pharma, big tobacco, big oil, and Wall Street, but that’s what’s driving the American economy. The EU is too ethical for that.
Meanwhile, Nestle is currently asking the Commission to please not dilute the supply chain act. Nestle, fucking Nestle, saying that regulations that require companies to enforce human rights standards abroad are good for their business, please keep them, don’t listen to the lobbying of smaller companies.
Not everyone is so caught-up in supply-side trickle-down economics as the US. Nestle sees profit in African markets, that’s a giant pool of consumer demand, they don’t want to be seen as slave holders, they also don’t want others to have a competition advantage in markets that don’t care as much about slave labour, so they’re arguing that those standards they profit from should apply to everyone, everywhere.
I agree that it stifles profit; but it in no way stifles actual innovation. Just look at all the innovative ways they come up circumventing regulation to continue harming people.