euro-trashed.com :: Economics

Economics is my favourite subject, (apart from my hobby of leek growing) and through of all my years of study, I have become a great believer in defending the European Union's unique brand of free market economics.

I believe that successful corporations should generally be privately owned, (providing that the European Commission approves of the owner), so that they can generate the wealth that the EU Politicians require for redistribution.

Without competition, no wealth can be created, so in order to finance the taxation for our European vision, defending free market economics is essential.

While of course, we at the EU want to see successful corporations, we also do not want to see any injustice and in a dog eat dog world, it is always disturbing to see some companies fail as a result of ruthless competition.

So while maintaining the essentials of free market economics, I still think it is very important for profitable, successful, private companies to take their responsibility seriously and subsidize through taxation, those businesses which are unable to succeed on the basis of ability in the market place.

Wealth redistribution is more important than wealth creation.

Some economists claim that by forcing companies to assist in this way is like the government smashing a shopkeeper's window in order to create work for an unemployed glazier, but I say that is nonsense.

Companies who succeed through honest effort, without subsidy or government favours, must recognize that their success is at the expense of those who are inefficient and that they owe a humanitarian duty to help.

The greatest good for the greatest number is my philosophy and this applies just as much to the European National economies as to private business and that is the reason for subordinating the various national economies into one "super" European economy by means of the single currency.