I agree that Europe as a collective is lagging behind. But, without the EU it would be much worse. Imagine having to deal with each members’ bureaucracy with rules that might contradict each other. That’s where we were. For trade and collaboration within the EU this is preferable. Even for countries outside this is beneficial: you only need to consider one set of regulations and tariffs.
While writing this, the thought occurs that having a single authority and regulator puts little checks on the amount of regulation. Whereas multiple competing countries could limit it to not have their own industries at a disadvantage. The EU, of course, has this in relation to China, US, etc., so I don’t know…
While writing this, the thought occurs that having a single authority and regulator puts little checks on the amount of regulation. Whereas multiple competing countries could limit it to not have their own industries at a disadvantage. The EU, of course, has this in relation to China, US, etc., so I don’t know…