Why is the EU committed to Keynesianism?

because if the world acknowledged real economics a certain tiny ethnic minority wouldnt be able to get its cut, and we cant have that.

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This.

read this

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Keynesian academics sell the high-in-demand intellectual validation for bureaucrats to spend more money, intellectual honesty is driven out of the market. There is no incentive system to prevent this since democratic governments have no stake in the long-term future of their countries.

>he is not promoting Keynesian policies while hoarding bitcoins
ngmi

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This

Mooooooooods

Alright, explain Singapore.

it works because it's extremely small
taxation and overall advantages for financial companies is superior to their food and production needs
they are attracting massive wealth and they spend it for few people only
try with a 50 million country, either you go the korea way or you go bust

how is this not Zig Forums related, you retard?

If a nation doesn't posses the technology and the workforce to extract or produce efficiently, it's better to import, you dumbfuck. Trade is the single most importat thing for prosperity. Prehistoric hunter-gatherer societies were self-sufficient as well.

>Hey I used redpilled in OP
>It is Zig Forums related
Get lost Zig Forumstard, go troll on 9gaga

Foreign capital is pouring in and the population is small enough and dense enough that the benefits of that are noticeable.

0/10 reading comprehension

I am a 1% Greek and I agree with this. Fiscal federalization is a cost you have to pay if you wish the Union to exist as it does today. A non-fiscal union is absolutely certain to dissolve very quickly and potentially violently. Furthermore I will posit to you lads that overpopulation (of thrid world countries) is actually probably the #1 barrier to individual prosperity in most of the world (on a basic level) with finance and the existence of derivatives and global corporate structure being a close second.

t. I work in finance (for now)

>A non-fiscal union is absolutely certain to dissolve very quickly and potentially violently.
it will never be a fiscal union, it's an utopia, that's why EU can only sink
>Fiscal federalization is a cost you have to pay if you wish the Union to exist as it does today.
this, or salary deflation, either way the faster EU is destroyed the better

Although I would tend to agree with you on the disolution of the union, likely due to similar reasons you may have, I'm somewhat hesitant to say with absolute certainty that it hasnt overall beniftted all stakeholders. Italy is a difficult case because it has obviously seen massive decline in local peoduction and self-sufficiency (when compared to its post war glory times), but at the same time common policies such as CAP have overall benefitted Italy massively. It seems to me that Germany and the EU in general has been pushing for large added value industries to be kept north and primary and secondary sectors to be in the south. Within the confines of a Union (fiscal) this benefits me as a Greek because my nice mountains and beaches are kept clean and "organic" while northerners have to work in cement dystopian cities. In the case of a breakdown of the union though our technological reliance here will lead to massive drops in the standard of living of most city dwellers.

Irish here. EU did wonderful things for us especially 1980-2000. If funds can be contributed to the Eastern Bloc to help them along the same way then I'm all for it.
The EU is the best system of government the world has ever seen. Yes they have made fuck ups, but they are genuinely out there to improve the life of the average person across the union.

Think of all the reforms the EU has made to protect its citizens like for food additives pollution, roads, safety etc.

Some people hate the EU because for the most part they don't understand it and individually they feel less important than their forefathers (see Brexit).

First and foremost it's a political union to avoid another large scale European war. Everything else is secondary, although trade is arguably most important or second most important at this stage.

Bring the flames lol

mira mi rey, que seas un fanboi de JRR no significa que tengas que postear despues de cada video.

I lived in Ireland for 5 years while studying. Your standard of living is almost entirely due to your access to the European market, and low corp tax rate. Your country has seen an absurd amount of artificial growth and you are currently in the euphoria phase, which is ok but eventually the bubble will burst one way or another and you will have to sustain your standard of living by internal produxction, which you cant. Im not a doomer but I dont think this will end up being a good tuen of events for Ireland, seing how the excess funds are being utilized these past few years, as it is not even turned to useful hard assets but rather wasted on frivolous tech and service "improvements".
That being said, I am happy you hold this opinion as my country and economy directly benefits off of this.

JRR is legit, but why don't you talk about Daniel Lacalle, my friend?