Davos: Vision versus Economic Capacity and Power - by RM

Economic Power (USA) Versus Vision (EU)

At the end of the Davos economic gathering, it was interesting to note how much the speeches given by European leaders differed from that of the American President.

When the US President spoke, it was clear that he spoke, knowing that he could say just about anything he wanted, given the economic strength of the US. The fact that he added to his now famous slogan , "America first", the words, "but not alone*, just meant that he will support trade agreements and other multi-lateral deals only if they are based on US terms and conditions, certainly not on a multi-lateral basis.

The Europeans,  including their present champion, Emmanuel Macron, spoke with no exception, not only about the positive values of global trade, but also about major issues confronting the world, such as global warming.

The obvious conclusion one could make from these speeches in Davos, listening to these two different trains of of thought, is that unless the one submits to the others way of thinking - there is no harmony possible - and this, regardless of all the enormous challenges the world is facing today.

Unfortunately for the EU, is the fact that the Union is not unified enough to speak with one voice and put their "money where their mouth is", and consequently can not only offer a carrot as an alternative, but also when needed not use a stick against "Bougie Man" Trump.

The result of all this will be, as the saying goes, "when two dogs fight over a bone, another dog will take it",

That dog, if it has not already taken the bone, will be China.

Bottom line : Europe urgently needs to put its house in order, and those member states which like the status quo, better get out, or get thrown out of the EU.

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