A Quote by Michael Hudson
Europe is acting in a very self-destructive manner, but is doing so because it's trying to be loyal to the United States.
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In Europe, you have very different situation than you do in the United States. In Europe, it's very segregated. And you have the diasporas in Belgium that I saw. And they're being radicalized because they're not assimilated with the culture. I don't think we have that same situation in the United States.
Germany is a capitalist state nurtured carefully and brought back to prosperity by the United States, and it is very loyal to the United States. I don't even think the Germans enjoy full sovereignty. There are some things which they cannot do if the United States doesn't wish them to do it.
It is not so much the United States that is trying to push the European Union in one direction or another, it is developing nations as a whole that are pushing the United States and Europe to open their markets a little more.
That was the reason why very few people fleeing the rise of fascism in Europe, especially in Germany, could get to the United States. And there were famous incidents like with the MS Saint Louis, which brought a lot of immigrants, mostly Jewish, from Europe. It reached Cuba, with people expecting to be admitted to the United States from there. But the administration of Franklin D. Roosevelt wouldn't allow them in and they had to go back to Europe where many of them died in concentration camps.
A democratic Europe of nation states could be a force for liberty, enterprise and open trade. But, if creating a United States of Europe overrides these goals, the new Europe will be one of subsidy and protection
Most of arts what comes from the States to Europe has something to do with entertainment. I can't imagine artists in the United States having the same kind of isolated position that we have here in Europe. I have a feeling one lives more publically in the States.
On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.
There seems to be a passive alliance between Vladimir Putin and Donald Trump and that's unprecedented in its form and dangerous in its content, because Russia is our most dangerous geopolitical opponent because of the desires that they have in the Middle East and because of their desire to break up Europe. And in the United States, we spent a lot of blood and a lot of treasure trying to keep Europe intact and democratic, and trying to keep the Middle East from being only influenced by people who are massive fans of [Syrian President] Assad and massive fans of the Iranians.
I don't regard fundamentalism in the United States or in Europe as a terrible threat, partly because it is a self-curing disease. The younger generation drifts away, so fundamentalists always have to recruit to keep up with themselves.
Unemployment is higher in Europe than in the United States and primarily concentrated in immigrant minority populations, so people are worried about what's going to happen and if American-style ghettos are emerging in Europe. There are some of the problems there that America sees associated with the lack of economic inclusion - family breakdown, gang behavior, and racial tensions. I get the sense that in Europe they are much more concerned about these issues than in the United States.
From the United States, Vietnam is looking for two things. One of them is a very stable and continuing to expand economic relationship. Secondly, they would like to see the United States remain in the - Southeast Asia, acting as a balancing power to balance out China.
Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.
Some day, following the example of the United States of America, there will be a United States of Europe.
We have got into Indian railways and are trying to get into the railway locomotive business in Europe and the United States.
I'm very close to thinking the United States shouldn't be in Basel any more. I would not have agreed to rules that are blatantly anti-American. Our regulators should go there and say, 'If it's not in the interests of the United States, we're not doing it.'
The task of the proletariat is to create a still more powerful fatherland with a far greater power of resistance, the Republican United States of Europe, as the foundation of the United States of the World.
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