Why The European Union Will Fail: Q&A with Austrian Economist Barbara Kolm
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"The European Union as we know it will not exist in 10 years, believe me," says Barbara Kolm, president of the Austrian Economics Center in Vienna, Austria. While countries like Sweden have instituted successful reforms, according the Kolm, the high taxation, powerful unions, and bloated bureaucracies in most European countries will lead to the collapse of the EU's economy. Kolm's advice to policy makers in the US? "Don't become Europe." Kolm stopped by Reason's LA studio to talk about the economic situation in Europe, the fate of the Euro, and why America should not look to the Old World for financial advice. Approximately 6 minutes. Produced by Paul Feine and Alex Manning. Go to http://reason.com/reasontv/2013/04/16/will-the-european-economy-collapse-qa-wi for downloadable versions and subscribe to ReasonTV's YouTube Channel to receive notifications when new material goes live.
Comments
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Eu fail on the world stage ? Absolutely!
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We have betrayed our roots, Liberalism with Judeo/Christian values. Liberty and Economic freedom is what made us great in the first place! Back tot the nation state and out of the EU!
Leave the Titanic before it sinks! -
She needs a serious nose job...
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I hope to see the end of the EU soon... Then murkl and her german nazi-spawn can enjoy their "cultural enrichment" all for themselves....
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This bitch needs to lighten up, all we need is a common foreign policy and a single EU fiscal union...once these are achieved Europe will be wealthier and a better place to live in
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EU will fail? Think not. Not in a global world.
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Everything got an end.... of course the eu will end , even the sun will ... :/ But still I don`t understand why the eu will fall , can someone explain me please ? :(
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US has embrased more and more big goverment socialist ideas, i don´t know how it will end.
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100 % EU falls by becoming one state !!!
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Here we go again - yes of course - its the state who's responsible for all the misconduct in european economics. They are responsible because they listen to YOUR stupid preachings!!! Austrian School of Economics - THEY are the ones to blame in the first place. Ruin government and give everything to the banks - thats THEIR dogma.
The best contribution to our economy this overpaid feudalist bitch could do would be to shut up and work some time as a kitchen aide or cleaning office rooms after 18.00 o'clock. There she could learn first hand something about the consequences of their funny theories they spread from their state funded ivory tower. -
Bullshit!! The US is anti small business. The banks are not interested in start up biz loans. They only want to deal in big money. The regulations and fees make it near impossible to start a small biz and the gov likes it that way. They want everyone in slave labor jobs, no benefits, no retirement. It's totally crazy. The world is on the verge of a total meltdown.
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Right, this woman doesn't know what she's talking about if she takes the Swedish healthcare and education systems as positive examples. Don't get me wrong, Sweden is doing well in many ways, but those reforms were BAD.
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People won't believe anything until it hits them in the face and then it's too late.. Britain just left the EU.. Collapse next
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One thing is for sure there will be war in the future.
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And two years later we have Brexit, followed in my predictions by other ..exit referendums and EU would cease to exist. At least! Incredible how this women predicted it. If you have principles I guess its not that hard to see what will happen.
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quit the eu
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The US and EU have very little in common. The EU has more in common with the Soviet Union than the US. Barbara however makes some good points.
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I highly doubt brexit will happen, but this lady gave a perfect explanation of why I do not fear the remainians winning.
People as we see now are frustrated with the EU, right wing parties in Greece, Poland, Hungary and Austria (oh god) have taken power, and others of the sort are on the rise throughout the continent.
I'm not fear mongering, this is a fact as of now.
We don't want a federal Europe, we don't want dictatorship, we don't want the EU, full stop!
Fuck the EU!
Long live Europe! -
3 years have passed
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In France you pay 75% tax?
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