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Originally Posted by Jet Gorgon  No point wasting your time flash  |
55555555555 Sure, in their own area maybe. I remember when the charter was set and the EU banned the import of bananas from one country (not one of the old colonial states) because they didn't meet size requirements. Market system and free trade? Joke. Amongst themselves sure; not for many others with all that red tape. Look at them now -- Ireland guarantees deposits for Irish banks but not for banks of other countries, and the whole EU is freaking over banking regs and who should guarantee deposits for whom. Heck, the UK was going to invoke the anti-terror law against Iceland (oh, not an EU member) when the country said it would guarantee their own nationals' accounts but nobody else's (like the English folks). The EU likes free trade between its own members, pandies to Russia because it supplies alot of its energy and allows its members to manufacture and import from China coz its cheap. I never liked the EU. Free trade based on its definition of that term. [/quote]
I agree that the EU inhibits global world trade but I don't see how this can be called socialism. The US also has huge farm subsidise between the EU and US millions of poor farmers in the third world are excluded from benefiting from trade. America currently has a strong desire for protectionist policies. America fought a bloody global war in the name of capitalism but as soon as a few jobs are lost to China and India America wants to rearange the global system of trade to make it even more in their favour. The Asian nations which are working hard are going to wake up one day and recognise the parasitic nature of the current "free market" which favours the Western world; a real change is needed to make free trade equitable for all states.