The rising economies in Asia and South America have been hyped for many years in the US and European media. Now, finally, there is a renewed focus on transatlantic free trade because the United States and the European Union "remain the anchor of the global economy. Together, they produce more than 50 percent of the world's gross domestic product and account for almost 30 percent of global trade. Europe buys three times more U.S. products than China, and European investment in California alone is greater than all U.S. investment in China and Japan put together."
Stuart E. Eizenstat, a former deputy secretary of the Treasury, and Daniel S. Hamilton of Johns Hopkins University, describe how the new Trans-Atlantic Partnership could look like:
Continue reading "The Next Big Transatlantic Project: A Free Trade Area Plus"
In Roland Emmerich's latest disaster movie 2012 the alignment of our solar system's planetary bodies during the winter solstice in three years will cause the Earth to topple from its axis. This leads to the end of the world.
And three years later it is likely to get even worse, because "there is a movement in the U.S. Congress to create a transatlantic free trade area by 2015." That's the impression I get from Rick Biondi's warning in The Examiner. Apparently the creation of such a free trade area will lead to a horrible "Europeanization of America:"
Europeans have always favored the rule of law and collective order over liberty. Worshippers of foreign philosophies in Congress are embarrassed by this rift, and are working hard with President Obama to reverse it through ideological capitulation.
To effectively unite Atlantica, many policymakers believe we need to meet our European friends in the middle. In essence, we must become more progressive, so our political and economic agendas can harmoniously merge on a transatlantic level. The Europeanization of America is a deliberate and calculated agenda. Once Americans are conditioned to accept and live under more socialistic ideals, a true Atlantic community can effectively be negotiated.
I find his choice of words hilarious ("Atlantica," ideological capitulation," "calculated agenda," and "conditioned to accept") and his concerns truly fascinating as they reveal such different values.