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Microsoft getting nervous about Europe's tech independence
(www.theregister.com)
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this post was submitted on 01 May 2025
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It's just a way for the wealthy metropoles to turn poorer members of the EU into neocolonies. Yeah, it's great for rich Europeans! Not so much for everyone else. Without the ability to deficit spend (because they lack currency sovereignity) they are forced to do austerity and privatization. It's just financial imperialism.
It's a bad system and it will collapse.
You do know that these wealthier countries pay more into the EU and the poorer countries get structural funding for infrastructure etc to help them catch up to the wealthier?
It isn't to help them catch up, it's to keep them limping along without collapsing entirely, while at the same time keeping them dependent so they don't think of trying to escape. It has the same function as the IMF/World Bank.
Lol, no. It's to help them catch up so they can purchase products the wealthier countries sell. It's mutually beneficial.
And yet they never catch up. Why do you think that is?
The goal is to keep them weak and dependent, not help them stand as equals with France and Germany.
Lol, yes they do. Look at Ireland and Croatia. Ireland has gone from being one of the poorest to wealthiest. Croatia is moving that way.
Wealthy countries all continue to grow also, obviously. So it's the rate that matters, so gaps close and people are better off on average.