A thoughtful article on how bureaucrats, financial wizards, and lawyers have put Europe on the road to poverty.
Of course, in a world in which subsidized & mandated windmills and solar panels have sprouted across the globe, the foolishness and lack of comprehension described by the author is unfortunately not limited to Europe.
“… They [policymakers] want to bring energy prices down but give little thought to system-level costs. Beholden to an abiding faith in the power of policy to overcome physical constraints, they simply redistribute the burden of a declining energy surplus through an elaborate display of policy legerdemain.
What Europe suffers from most of all is a profound, civilization-level energy illiteracy …”
“… A process that uses one joule of energy to obtain one joule of energy produces no economic surplus. But the energy consumed in that process is not always easy to trace. It may be pulled from the future through debt, or distributed through a complex system of cost-bearing. What matters is that no amount of financial engineering can change the underlying energy balance. Either surplus energy is produced, or it is not. …”
Even a broken clock is right twice a day – and there is no doubt about the fact that Europe is in the toilet. If RT notices that fact while the Gruniad does not – then ask questions about the reliability of the Gruniad or the NYT.
Thinking about the underlying issue – the root of the problem is the abysmal level of education of our Political Class, especially when it comes to math, technical subjects, or even history. This is even stranger when we realize that most of the math learned by large numbers of highly competent students in China, Russia, even Nigeria was created by European men (and a few European women). It is not like Euros are congenitally incapable of doing math. So why is it that today’s “educated” Westerner almost takes pride in not understanding numbers?
Yeah, right; we needed RT to tell us that Europe is totally fucked. Frankly, the RT article barely scratches the surface. The picture of Ursula von der Leyen in the article is emblematic of the problem. It contains three important elements. If you don’t understand that, there’s little anyone can do for you. Indeed, all RT needed to do was publish the picture; the text is superfluous.
If that’s the first fatal factor, a close second is ideological blindness - where ideology easily trumps thermodynamics. A close third is their absolutely suicidal “empathy”, which requires their nations die so as to afford “self esteem” to every outsider, regardless of how murderous/barbarian his (mostly all men of military age for some strange reason) origin or culture.
Trump has his own thermodynamics? Trumpodynamics, perhaps.
On a semiserious note, why does the EU still use English? European Commission, Green Deal. Since the UK left, English is not the language of any of the members. And we know the Euros never really wanted the UK in there anyway.
This old man, he played six
France and England, they don’t mix
Itai, Benelux, Germany, and me
That’s my Market recipe
