The cover story of the August 22 issue of Time magazine focuses on the financial collapse of the European Union and the common currency, the never popular Euro. The article, by Rana Foroohar, treats the impending collapse of the Euro as some sort precursor to the break-up of the European Union. And if you use your magnifying glass to examine the cover, you might find the reference to “the West” in tiny print.
The graphs and really cool big dots are colorful, but the real story behind the financial crisis facing most of the members of the EU is almost completely ignored. In the conclusion, the article refers to Germans as prudent people who have managed to keep their government spending in check and would be reluctant to, “rescue a bunch of spendthrift, books-cooking Greeks and Italians”.
Will bailing out these failing socialist governments help? If the example of the US bailouts is any indication, the liberal mentality will translate the bail-out as a triumph for the socialist system in which the rich are forced to pay “their fair share”.
The countries of Europe never surrendered their national identity or their individual monetary systems. The Euro was never anything more than a convenient ‘pocket currency’ for travelers. Internally all of the members of the disintegrating EU insisted on protecting their native currencies. As each day brings more bad news from the region, it becomes clearer that these policies of autonomy will eventually be the salvation for the citizens who believe in personal responsibility and self-reliance. But for the socialists leading their countries into bankruptcy and social collapse, the ability to take from the responsible will not be possible without significant effort: violence not withstanding.
The United States is not unlike Europe in one respect. There are states where citizens have insisted on a balanced government budget, personal responsibility, and vote regularly to control socialist take-over: i.e. Wisconsin this month. There are states where liberals have completely taken control and continue to maintain their power by expanding methods to make the wealthy pay their fare share: i.e. California.
But unlike Europe, citizens who have tried to maintain local control and financial freedom for their states are not able to avoid the central government taking their savings for redistribution to those who have learned that socialism works just fine – as long as there is someone to pay for it.
The Greeley Gazette online features an important past editorial “President intent to weaken the U.S. domestically and internationally” in which there is a timeline paralleling the events of the break-up of the Soviet Union to the current events in America. The European Union can’t break up because they never really joined under a central government – like the states of the United States. Read that archived editorial and superimpose the financial struggles and political conflicts in Europe.
Tags: control, crisis, EU, Europe, European Union, government, help, issue, month, pay, Prudent Germans, Rana Foroohar, self, socialism, someone, Soviet Union, story, The Greeley Gazette, United States, US
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