The European Commission is unhappy with Germany’s high level of productivity, because it drives up German exports relative to the rest of the EU. The solution? Germany must cut production and limit exports!
JLH has translated a brief article about what’s happening, and includes this note:
This piece from PI caught my eye because the US comes into it as one of the anti-market forces, and because it reminds me of nonsense like cap-and-trade, and not least, because I bet Angela Merkel of the former GDR feels right at home with this kind of tinkering.
The translated article from Politically Incorrect:
The EU Want to Forbid German Firms to Sell
What is being undertaken against German companies nowadays is downright abnormal and perverse! The EU Commission is complaining about Germany’s export surplus. What is that supposed to mean? For example, that German car companies should not sell their vehicles in other EU and European countries, stop production, scrap the new cars, double their prices? Anything goes with the EU bigwigs, just so we don’t sell anything any more and the foreigners, like the French, get to sell more. Planned economy at our expense. What nerve! So what are the premises the EU was founded on?
Wasn’t unrestricted trade one of its basic liberties? And now the big shots in Brussels are deciding who can sell how much in the EUSSR — like Stalin in the USSR or the communists in the GDR, systems that went under for precisely that reason!
And it gets worse! In our land of economic illiteracy as run by socialists and communists, there is no breath of resistance, no full-throated protest against Brussels’ presumptions.
And it gets even worse! The formerly capitalist USA and the International Monetary Fund agree! Just as the leftist Zeit has thought, the market should be turned off. How did Germany get back on its feet economically after the war? With what economic prescription of Marx, Brezhnev, Ulbricht, Pol Pot or Kim il-Sung? Only after China economically sloughed off Mao did the upswing come. And all of that no longer means anything? Crazy!