EU Green Deal’s Risks To Europe’s Prosperity, Economic System and Democracy

By Paul Homewood

 

 

A reminder, if we needed it, that the EU lemmings are not far behind us in the race over the cliff!

 

 

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An analysis published by Deutsche Bank sharply criticises the “dishonest debate” with which the EU is selling its “Green Deal” to the people of Europe. The massive risks of the project for prosperity, the economic system and democracy itself should not be concealed, but should be addressed openly.

Eric Heymann, a senior economist at Deutsche Bank Research, warns that Europe’s Green Deal and its goal of climate neutrality by 2050 threatens a European mega-crisis, leading to “noticeable loss of welfare and jobs”. And he warns: It won’t work without “a certain degree of eco-dictatorship”.

The analyst describes it as dubious that the Green Deal is being touted across the board as “a new growth strategy” which would allow the EU to become a “fair and prosperous society.” While this may look good on paper, Heymann writes, in order to achieve carbon neutral by 2050, Europe’s economy and its entire political and legal systems will have to be changed fundamentally.

For the time being, the revolutionary consequences of the EU’s climate agenda for everyday life are “still relatively abstract” and for most households “still acceptable.” Soon, however, the path towards climate neutrality will require drastic interventions in the choice of means of transport, the size of housing, the means of heating, the possession of electronic consumer goods, as well as restrictions in the consumption of meat and tropical fruits.

And he warns these restrictions and infringements will inevitably trigger “massive political resistance.”

Some parties will find arguments against strict climate protection policies if the latter lead to a significant increase in energy prices or to restrictions of personal freedom or ownership rights. And let us not fool ourselves: these parties will find voter support. At the EU level, there will be major conflicts about distribution, which may contribute to (further) divisions within the bloc. Are we ready to deal with this polarisation?

Full story here.

 

Everything here could have been written about the UK, and vice versa. The lack of any proper debate, concealment of the real costs, damage to jobs and prosperity, free markets, the green growth lie, and clampdowns on consumer choice.

via NOT A LOT OF PEOPLE KNOW THAT

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January 11, 2021 at 12:06PM

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