Comment by phatfish
1 day ago
The only people that think global free trade is a good thing are the top .001% net worth individuals which use it to wield power.
Trading blocks (like the European single market) are specifically designed to protect their members from shit that global corporations or other nations attempt to get away with.
I'm not sure what "Trade within Europe has massive restrictions." means without context. Compared to some Randian capitalist utopia where there are no rules and no governments? Or compared to before the creation of the European single market?
> Trading blocks (like the European single market) are specifically designed to protect their members from shit that global corporations or other nations attempt to get away with.
Most of those global corporations are in favour of these trading blocks - they are the best placed to take advantage of them.
The EU is far more than just a trading block. The trading block is the countries they have free trade agreements with - the EEA,, plus the UK, plus Turkey. The EU is a political union.
Global corporation can lobby far more effectively than anyone else at the EU level.
> I'm not sure what "Trade within Europe has massive restrictions." means without context.
We actually do have a good amount of issues regarding internal trades, according to https://www.europarl.europa.eu/RegData/etudes/BRIE/2025/7792....
“The International Monetary Fund estimates that the persistent barriers to the EU single market still represented the equivalent of a 110 % tariff on services.”
There is a good amount of work to be done to complete the single market, what we currently have is way too fragmented
That is politically impossible. Everyone knows it is impossible because if you open up some countries to free services trade then the political basis for the EU and the traditional governing countries would collapse.
The limitations on trade within Europe are intentional design. The attempts to stop the economy from collapsing with these massive government spending packages are the death throes.
I mean, it is extremely difficult, but the whole union was seen as impossible the last century. With strategic developments over decades I don’t think it’s impossible
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Services trade within Europe is often less free than services trade outside of Europe. The reason why is because there is a strong political constituency within Europe to ensure that certain kinds of sinecure jobs are not impacted by competition (and yes, as you helpfully point out, to blame that on "global corporations"...and people wonder why Europe had such a long period of dictatorships in the 20th century, "globalism", right? wink, wink).
They're letting Chinese cars in when automobiles are there last remaining mega industry.
How can you take them seriously?
FWIW our local car industry had decades to prepare to compete in the EV sector and decided to do pretty much nothing + train China how to take over their market. We’ve been way too protective of that industry, I’m personally happy they finally have to face some real competition. Protectionism has its place in global trade but it should be with a very specific goal in mind, such as giving the companies some room to breath while transitioning to new technologies and avoid a complete disruption of your economy. You cannot do it just to keep a dying industry alive. But you’re supposed to replace the external economic pressure with internal political pressure (or similar), otherwise corporation just go with the status quo
Giving industry "room to breathe" means cutting regulations, including what many view as worker protections.
I don't know if there is the social inertia yet on the ground for "screw the benefits, I want to save the ship".
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