Economy Of Europe

"The ‘totalitarian’ label is part of in another way as well – in so far as it covers both Communist and Fascist regimes, and is thereby intended to suggest that they are very similar systems. More specifically, the suggestion is that Communism and Nazism are more or less identical. This may be good propaganda but it is very poor political analysis. There were similarities between Stalinism and Nazism in the use of mass terror and . But there were also enormous differences between them. Stalinism was a ‘revolution from above’, which was intended to modernise Russia from top to bottom, on the basis of the of the means of production (most of those ‘means of production’ being themselves produced as part of the ‘revolution from above’); and Russia was indeed transformed, at immense cost. Nazism, on the other hand, was, for all its transformative rhetoric, a movement and regime, which consolidated capitalist ownership and the economic and s which Hitler had inherited from Weimar. As has often been observed, twelve years of absolute Nazi rule did not fundamentally change, and never sought to change fundamentally, the social system which had existed when Hitler came to power. To assimilate Nazism and Stalinism, and equate them as similarly ‘totalitarian’ movements and regimes of the extreme right and the is to render impossible a proper understanding of their nature, content and purpose."

"We are bound together, too, by the economic factors that two great and productive peoples have produced in our two countries. And we know that a strong and productive German economy is essential for a strong free world economy, just as is a strong economy in the United States."

"Fascism, at any rate the German version, is a form of capitalism that borrows from Socialism just such features as will make it efficient for war purposes. Internally, Germany has a good deal in common with a Socialist state. Ownership has never been abolished, there are still capitalists and workers, and—this is the important point, and the real reason why rich men all over the world tend to sympathise with Fascism—generally speaking the same people are capitalists and the same people workers as before the Nazi revolution. But at the same time the State, which is simply the Nazi Party, is in control of everything. It controls investment, raw materials, rates of interest, working hours, wages. The factory owner still owns his factory, but he is for practical purposes reduced to the status of a manager. Everyone is in effect a State employee, though the salaries vary very greatly. The mere efficiency of such a system, the elimination of waste and obstruction, is obvious. In seven years it has built up the most powerful war machine the world has ever seen."

"National Socialism is a form of Socialism, is emphatically revolutionary, does crush the property owner as surely as it crushes the worker. The two regimes, having started from opposite ends, are rapidly evolving towards the same system—a form of oligarchical collectivism. . . . It is Germany that is moving towards Russia, rather than the other way about. It is therefore nonsense to talk about Germany ‘going Bolshevik’ if Hitler falls. Germany is going Bolshevik because of Hitler and not in spite of him."

"In the long run the [Nazi] movement was moving to a position in which the economic New Order would be controlled by the Party through a bureaucratic apparatus staffed by technical experts and dominated by political interests, not unlike the system that had already been built up in the Soviet Union."

"During the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminium, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500."

"The composition of Unilever should serve as a warning that colonialism was not simply a matter of ties between a given colony and its mother country, but between colonies on the one hand and metropoles on the other. The German capital in Unilever joined the British in exploiting Africa and the Dutch in exploiting the East Indies. The rewards spread through the capitalist system in such a way that even those capitalist nations who were not colonial powers were also beneficiaries of the spoils. Unilever factories established in Switzerland, New Zealand, Canada, and the U.S.A. were participants in the expropriation of Africa’s surplus and in using that surplus for their own development."

"We are putting all our weapons on the table to show that we (Germany) are strong enough to overcome any economic challenge that this (COVID-19) problem might pose."

"[if Beijing] tightens international production chains' dependence on China, [Berlin will] dismantle one-sided dependencies [where needed. German manufacturers are already sourcing] important raw materials, some rare earths or certain cutting-edge technologies [from other partners]."

"Buried under mountains of red tape, directed by the State as to what they could produce, how much and at what price, burdened by increasing taxation and milked by steep and never ending 'special contributions' to the party, the businessmen, who had to welcome Hitler's regime so enthusiastically because they expected it to destroy organized labor and allow an entrepreneur to practice untrammeled free enterprise, became greatly disillusioned... Fritz Thyssen, one of the earliest and biggest contributors to the party,... recognized that the 'Nazi regime has ruined German industry.'"

"In 1933, the Soviet and Nazi governments shared the appearance of a capacity to respond to the world economic collapse. Both radiated dynamism at a time when liberal democracy seemed unable to rescue people from poverty. Most governments in Europe, including the German government before 1933, had believed that they had few means at their disposal to address the economic collapse. The predominant view was that budgets should be balanced and money supplies tightened. This, as we know today, only made matters worse. The Great Depression seemed to discredit the political response to the end of the First World War: free markets, parliaments, nation-states. The market had brought disaster, no parliament had an answer, and nation-states seemingly lacked the instruments to protect their citizens from immiseration. The Nazis and Soviets both had a powerful story about who was to blame for the Great Depression (Jewish capitalists or just capitalists) and authentically radical approaches to political economy. The Nazis and Soviets not only rejected the legal and political form of the postwar order but also questioned its economic and social basis. They reached back to the economic and social roots of postwar Europe, and reconsidered the lives and roles of the men and women who worked the land. In the Europe of the 1930s, peasants were still the majority in most countries, and arable soil was a precious natural resource, bringing energy for economies still powered by animals and humans. Calories were counted, but for rather different reasons than they are counted now: economic planners had to make sure that populations could be kept fed, alive, and productive. Most of the states of Europe had no prospect of social transformation, and thus little ability to rival or counter the Nazis and the Soviets. Poland and other new east European states had tried land reform in the 1920s, but their efforts had proven insufficient. Landlords lobbied to keep their property, and banks and states were miserly with credit to peasants. The end of democracy across the region (except in Czechoslovakia) at first brought little new thinking on economic matters. Authoritarian regimes in Poland, Hungary, and Romania had less hesitation about jailing opponents and better recourse to fine phrases about the nation. But none seemed to have much to offer in the way of a new economic policy during the Great Depression."

"The odd thing about modern Europe is that, if you look at the borders, you might think that Germany had won the First World War... The European Union and the old Soviet states are associated with a Europe that feels as if it is run from Berlin. From Scandinavia to Turkey, lorries trundle back and forth with German industrial goods; the euro is mainly German, the Deutsche Bank dominates the eurozone."

"As President Biden explained, the current U.S.-orchestrated military escalation (“Prodding the Bear”) is not really about Ukraine. Biden promised at the outset that no U.S. troops would be involved. But he has been demanding for over a year that Germany prevent the Nord Stream 2 pipeline from supplying its industry and housing with low-priced gas and turn to the much higher-priced U.S. suppliers.... So the most pressing U.S. strategic aim of NATO confrontation with Russia is soaring oil and gas prices, above all to the detriment of Germany. In addition to creating profits and stock-market gains for U.S. oil companies, higher energy prices will take much of the steam out of the German economy. Thus looms the third time in a century that the United States will have defeated Germany – each time increasing its control over a German economy increasingly dependent on the United States for imports and policy leadership, with NATO being the effective check against any domestic nationalist resistance."

"Unless we act, events that we Europeans will be unable to influence will overtake us. I believe we Europeans feel far too safe. Europe’s political and economic leadership in the world, which was still unchallenged at the beginning of the century, has long since ceased to exist. Will the dominant cultural influence of Europe be maintained? I think not, unless we defend it and adjust ourselves to new conditions; history has shown that civilisations are all too perishable."

"If maps were shaded like balance sheets, the bottom part of mainland Europe would be deepest red. Italy, Spain and Portugal are heavily in debt. They are also Catholic countries. Their predominantly Protestant neighbours to the north, including Germany and Scandinavia, are in comparatively good shape financially. Is that simply a coincidence, or is Max Weber's theory about the Protestant ethic being intertwined with the spirit of capitalism still valid, over 100 years on?"

"Our Union is more than an association of states. It is a new legal order, which is not based on the balance of power between nations but on the free consent of states to share sovereignty. From pooling coal and steel, to abolishing internal borders, from six countries to soon twenty-eight with Croatia joining the family this has been a remarkable European journey which is leading us to an “ever closer Union”. And today one of the most visible symbols of our unity is in everyone’s hands. It is the Euro, the currency of our European Union. We will stand by it."

"The European Union implies the notion of the ‘Minimal State’, the abandonment of mixed economy and of economic planning, the redefinition of the ways the expenses are arranged, a redistribution of responsibilities that reduces the power of parliamentary assemblies and increases that of governments, fiscal autonomy for local authorities, the rejection of the principle of widespread gratuitousness of services (and the ensuing reform of healthcare and of social security), the abolition of the wage indexation scale, the dramatic reduction of pockets of privilege, the mobility of the factors of production, the reduction of the State’s presence in the credit system and in industry, the abandonment of inflationary behaviour not only by workers, but also by the producers of services, the abolition of the norms that fixed administered prices and tariffs. In a word: a new pact between States and citizens, to the latter’s advantage."

"It is impossible to build Europe on only deregulation...1992 is much more than the creation of an internal market abolishing barriers to the free movement of goods services and investment...The internal market should be designed to benefit each and every citizen of the Community. It is therefore necessary to improve workers' living and working conditions, and to provide better protection for their health and safety at work...Europe needs you."

"We have preserved social security and the welfare state, but at the expense of employment. Neo-liberalism, which put the emphasis on the market, manifested itself in Europe by the policies led by Margaret Thatcher, who sometimes had good reasons to prise off the shackles which were condemning British society to decline. But [Thatcherite policies] fell into an excess of laissez faire."

"[The European Union must be a] federal union with a common currency, a tightly co-ordinated economic policy and a foreign policy capable of common diplomatic and military action. ... Britain is refusing to face reality. Does England have a future outside Europe? No. But it is difficult for a great nation to bid farewell to its golden age."

"While the balance of class power remains heavily tilted in favour of capital in its homelands, the balance of international power is tilting markedly away from capitalism, driving all outside the charmed circle of the United States, Europe, Japan and the settler colonies bit by bit, with advances and reverses, steadily away from the major capitalist countries and probably, from capitalism. This process began with the Russian Revolution and, after the reverses of the 1990s, resumed in the new century as an alliance of countries seeking to assert their economic and security sovereignty—including Russia, Venezuela, Cuba and Iran—began forming with China as its economic centre. The pandemic and the war have accelerated these processes. The United States’ proxy war on Russia acts as a prism that refracts the key elements of the underlying unfolding of the geopolitical economy of capitalism and socialism. It constitutes a resumé of the state of the United states’-declining imperial project, of the balance between US capacities and the possibilities and constraints imposed by the world’s geopolitical economy."

"As far as the economic content of the common European home is concerned, we regard as a realistic prospect — though not a close one — the emergence of a vast economic space from the Atlantic to the Urals where Eastern and Western parts would be strongly interlocked. In this sense, the Soviet Union’s transition to a more open economy is essential; and not only for ourselves, for a higher economic effectiveness and for meeting consumer demands. Such a transition will increase East-West economic interdependence and, thus, will tell favorably on the entire spectrum of European relations."

"The composition of Unilever should serve as a warning that colonialism was not simply a matter of ties between a given colony and its mother country, but between colonies on the one hand and metropoles on the other. The German capital in Unilever joined the British in exploiting Africa and the Dutch in exploiting the East Indies. The rewards spread through the capitalist system in such a way that even those capitalist nations who were not colonial powers were also beneficiaries of the spoils. Unilever factories established in Switzerland, New Zealand, Canada, and the U.S.A. were participants in the expropriation of Africa’s surplus and in using that surplus for their own development."

"Hollanders are not a nation to rob another of its property, but desire to live in friendship with all people, and trade with them."

"It is true that if you simply have market capitalism not embedded in a true democratic system, then you will get increasing inequality... And that is why every modern capitalist system has a welfare state and in Europe these welfare states consume 50 percent of GDP, redistribute it in fairer ways. I have always thought the European Union represented a truer embodiment of what I would regard as something like the end of history... The United States' model is a little bit more liberal and therefore we do less redistribution than, let's say, Holland or Sweden, but all modern states do that."

"[N]othing against making money, but I know how money was made [in Serbia] during the '90s..."

"I am puzzled by this nostalgia. People say it was not so bad, that socialism was more human. But everyone was egalitarian in the former Yugoslavia because everyone was poor. Yugoslavia was a dictatorship."