Faced with global competition from countries with cheap renewable energy, the EU should embrace a partial deindustrialisation rather than subsidise uncompetitive industries, according to a new report from the Potsdam Institute for Climate Impact Research published on Wednesday (24 April).
  • eleitl
    6·
    7 months ago

    So what is the authors’ suggestion Europe should do instead to feed its population? Farming is not globally competitive either. Advanced technology and services no longer viable. Tourism ditto.

    I mean, I know there is no solution, but I’d rather see someone spell it out in print.

    • ☆ Yσɠƚԋσʂ ☆OP
      51·
      7 months ago

      Clearly the solution will be to crash European economy and then to turn it into a cheap labor market for US. The future of Europa is likely going to look a lot like Latin America.