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Can Europe Survive Its Own Leaders? The War Narrative and Economic Collapse

Hudson, Michael
http://michael-hudson.com/2025/04/is-europe-sacrificing-its-economy-for-war/

Date Written:  02/04/2025
Year Published:  2025  
Resource Type:  Article

The US seems to be adjusting to multipolarity. It needs to have a new priority. Europe seemingly is less of a priority, while there seems to be a need to make peace with Russia. And we see that on the European side, rather than pulling back from the proxy war against Russia, the Europeans insist now that they will continue the war without the United States, which is a bit doubtful, but it also gets worse.

Abstract: 
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Excerpt:


Producing arms is not like producing washing machines and cars which consumers can use. It's not like producing capital goods and machinery that investors can use. There's really no use for arms except to have them destroyed by other people going to war with each other.

And it really is the West that's going to war with the rest of the world. I don't think the rest of the world has many needs for arms except to defend itself against the new Cold War from the West. And so, obviously, you're not going to have Asia and the United States buying European arms to fight each other.

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