Suppose that the terrible war that breaks our hearts ends tomorrow. What path should Ukraine take after that? The path of the European bureaucracy or the path of Javier Millay’s reforms? Unfortunately, it is impossible to combine it.
One of the worst curses of protracted positional warfare is military spending. Our war is often compared to the First World War, trying not to think about the terrible results of that war. Meanwhile, one of the consequences of that war was the total collapse of the economy and finances of the warring countries. For example, for all its political flaws, the political collapse of the Russian Empire was actually caused by ordinary inflation. It was the inability of the government to adequately respond to rising prices, an attempt to “freeze” the prices of bread and fuel, with fixed (not real) prices for rail transportation, that led to food shortages and became the trigger that launched the February Revolution.
Today, these facts come to mind when we read about Finance Minister Serhii Marchenko’s plans to increase taxes by 300 billion hryvnias. Whether our business is capable of such or not is not discussed by our authorities at all. But now we are talking about other problems of the economy. Suppose the war is over. And the question inevitably arises before the country: where and how to go next? Now there is a wandering hope in society that Ukraine’s only task is to get into the EU and then grace will come. Is it so? Let’s cite one fact.
Bloomberg edition reported:
“For the first time in history, the ECB will impose fines on banks for climate failures. Some lenders have not gone far enough in risk assessment. Fines per day could technically be up to 5% of daily profits.”
It must be said that not a single forecast about “climatic disasters” since the end of the 90s of the last century has been confirmed. If you read the press reports in the 90s, we should have been living in a “climate apocalypse” for a long time, but not only did it not happen, but, by and large, nothing has changed at all. All attempts to “catch” any worsening of the situation end in empty and worthless threats that have nothing to do with reality.
However, the topic of “climatic apocalypse” does not leave the public consciousness. This is actually one reason: there are three influential groups extremely interested in promoting this “climate apocalypse”. These are, on the one hand, international bureaucrats grouped around the UN, on the other, European bureaucrats grouped around the EU, and on the third, the global left media. The famous American writer and screenwriter Michael Crichton once wrote a brilliant novel about this – “Empire of Fear”. He is well known for his screenplays: The Stamp of Andromeda, Jurassic Park, the TV series ER and many other screenplays and novels.
The fact is that the presence of the threat of a “climatic apocalypse” justifies the existence of the international and European bureaucracy, its right to intervene in the economy, in the name, as they say, of “preventing a tragedy.” The EU made titanic efforts to implement “anti-climatic” measures, which dealt a merciless blow to the economy of the EU countries. Thanks to all these “green” aspirations, business in Europe suffers crazy losses – hence its desire to move to China or other Asian countries at any cost, where these “climatic horrors” are frowned upon. At the same time, the cost price of EU products is increasing more and more, and buyers, that is, “bad people”, do not want to buy all this, so they take Chinese goods.
The EU’s economy is plummeting, but the bureaucratic institutions of this political union continue to stifle business in order to fight a “climate apocalypse”, the probability of which is zero. After all, for bureaucrats, the right to distribute, divide, control and decide is worth much more than the economic prosperity of the European Union.
It is characteristic that even with Joe Biden in power (he made the climate program his “skate”) he does not even dare to repeat all the follies of the European bureaucracy. After all, in the USA, the executive power is under the control of the legislative power, and it cannot afford such “tricks” as the European bureaucracy allows itself. Bloomberg writes in his article (understandably with indignation, this publication, like other left-wing publications, is an ardent supporter of climate madness):
“The rigidity with which the ECB is pushing banks to manage their climate risks contrasts with the Federal Reserve’s approach, with Chairman Jerome Powell saying the Fed has “narrow but important responsibilities for climate-related financial risks.” Banks in Europe have warned that a split in the regulatory environment risks putting them at a competitive disadvantage compared to their American counterparts.”
Of course, European bankers want everyone to feel bad, not just them. They are organically unable to speak out against the most delusional idea of climate restrictions, but simply want it to be bad for everyone. The only problem is that China and India are deeply fed up with this socialist climate delusion. And it is European consumers who will pay for the socialist beliefs of their bureaucracy.
Against this background, the reform plans of the newly elected president Javier Millay in Argentina sound like a breath of fresh air. His strategy breaks through even in the text of the interview he gave to the “democratic” (“left”) publication TIME. Argentina, which at the beginning of the 20th century was one of the most successful countries that did not know the tragedy of the Second World War, but on the contrary, benefited from it thanks to the efforts of the followers of Juan Peron’s policy, became an impoverished country with crazy inflation. Javier Millay proposes to treat all these diseases of “socialism with an Argentinean face” through the free market. And TIME is not just forced to interview a statesman whom it hates – this can be read in every line of the interview. But Miley’s Free Market is successfully fighting the legacy of socialism, and the newspaper is forced to admit it. The same newspaper that blindly hates the free market and worships bureaucrats. And it is not very important whether they are from the EU or the White House.
Maybe in Ukraine it is time to get rid of the socialist illusions of the EU and bet on the free market of Javier Miley?
Leonid Shtekel
