Thomas Piketty , a renowned economist from France who posted an op-ed in the New York Times titled “A New Deal for Europe”. While Piketty’s topic is important, his conclusions are misplaced. His logic shows just how unapologetic Progressives are for the problems their policies have inflicted on the world.
Piketty expresses concern for the growth of the far Right in Europe. This Blog has been concerned for some time with the potential for fascism to once again rear its head in Europe. This concern stems from Europe’s unsustainable economic path that has led to the large sections of its population being negatively impacted, creating a breeding ground for discontent. This path started long before the meltdown of 2008 that Piketty refers to. Its roots stem from the Left’s Progressive policies that have dominated European politics for decades.
Piketty blames mismanagement by European governments for not only poorly creating the EU, but also managing their economic policies. While true, the EU’s creation was so poorly done that it guaranteed the current result, as economist Milton Friedman predicted in 1997: Continue reading