It is not even fun any longer
The professor in economics Mario Draghi, an employee of Goldman & Sachs, is the author of the resent report “The future of European competitiveness”.
Due to the narrative Super Mario was the one who solved the lending crisis of 2008. The cure then was more lending, a bigger state, more regulations, (but not for the banks), and collective responsibility for the new liabilities. Mario invented the statement “whatever it takes”.
Additionally, he invented the European social pillars to increase the bureaucracy both within the member states as well as supranational within the European community.
Now when the ballast is on the verge of sinking the ship, the same guy shall formulate the problem as well as the solution within his report.
However, among the road some new narratives were invented to distract the mob from being enlightened. Global warming, gender equality, a pandemic, intersectionalism, artificial intelligence and not least a proxy war among USA and Russia.
There is no such thing as macro economics without a huge socialistic state, turning around about 50% of the GDP as tax spendings. This is the core for people like Mario Draghi. As a professor in macroeconomics, he is dependent on a big socialistic state to be relevant.
The matter of fact is that the science funded by governments has not contributed to any of the great inventions we enjoy within our modern society. All big companies and inventions have emanated from skilled and dedicated individuals. Antibiotics, combustion engine, and the TCPIP protocol has been privately funded inventions. Or what about Tesla and Starlink. But when the state has grown to an outermost size that dries up all private equity, no great inventions can take place.
This is what the Mario Draghi report covers. The EU is helplessly losing momentum with regards to GDP growth, and new companies. Only 4 out of 50 biggest tech companies are European.
The driver for the EU is to reduce inequality by creating nonsense jobs with help of regulations, taxation and extended social welfare.
The difference between recession and depression is that recession is when your neighbour loses his job and depression is when you lose your job. The definition of when the blob loses their jobs is not yet defined, but my suggestion is revolution.
The result now when other people’s money fade is that the blobs are worried for their own extravagant salaries.
At least Mr Draghi’s report is consistent. He suggests a bigger state and more lending. Actually, a yearly Marshall aid for Europe at almost a trillion euros even before any war broke out. His ideologically framed logic is that the superior state shall develop multinational companies by pouring tax money in to the right pockets. Brilliant Mr Draghi, brilliant!
Beside the ones whose pocket will be stoved, the lender (Goldman & Sachs?) will have a decent interest from Europe for generations to come.
When we talk about the magnificent seven in the US we talk about tech companies.
The magnificent seven of the EU are Ursula Von der Leyen, Christin Lagarde, Mario Draghi, Jens Stoltenberg, Manuel Barroso, Emanuel Macron and Donald Tusk. They turn around about the same amount of money in gobbledygook projects, just stolen from the tax payers.
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When the entire western world looks at the Swedish political system as a role model. Be aware that what you see is not what there is. The first victim within a failing ideology is the truth. Even at the verge of ruin Sweden will look like a good example from outside. The socialistic propaganda machine is efficient and always kept in a good order.
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