The United States Of Europe ??? - NYT

[WillyT]

Europeans Talk of Sharp Change in Fiscal Affairs
By LOUISE STORY and MATTHEW SALTMARSH - NYT
Published: September 5, 2011

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As leaders in Europe try to contain a deepening financial crisis, they are also increasingly talking about making fundamental changes to the way their 17-nation economic union works. The idea is to create a central financial authority — with powers in areas like taxation, bond issuance and budget approval — that could eventually turn the euro zone into something resembling a United States of Europe.

Officials have been hesitant to publicly endorse such a drastic change. But privately they say the issue has gained urgency in recent months, as it has become clear that Europe’s current approach, which requires unanimity on any significant moves, is unwieldy and inefficient. The idea is being promoted by some global financial officials, who worry about the risks that continued uncertainty in Europe poses to the global economy.

Recently, for instance, when an official from a European central bank met with a financial official in Washington, his host brandished the Articles of Confederation, the 1781 precursor to the United States Constitution, to use as an example of why stronger unions become necessary.

The story of America’s failed early effort to operate as a loose confederation of 13 states is looking increasingly relevant for many European officials. The lack of strong central coordination of the euro zone’s debt and spending policies is a crucial reason Europe has been unable to resolve its financial crisis despite more than 18 months of effort.

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More: http://www.nytimes.com/2011/09/06/business/global/reluctantly-europe-inches-closer-to-a-fiscal-union.html?_r=1&ref=business

:wow:

:shrug:

[socialist_n_TN]

1. Only if it's a United SOCIALIST States of Europe

Fulfilling the dream of Lenin and Trotsky. :)

[StandingInLeftField]

2. Unfortunately, this has been a favorite prediction of conspiracists.

[FarCenter]

3. It's more likely that the EU and Eurozone will break up

NY Times is pushing the US foreign policy wonk program of promoting a united states of europe, which has been an American initiative since WW II.

[BOG PERSON]

4. A United States of Europe under capitalism

is tantamount to an agreement on the partition of colonies. Under capitalism, however, no other basis and no other principle of division are possible except force. A multi-millionaire cannot share the “national income” of a capitalist country with anyone otherwise than “in proportion to the capital invested” (with a bonus thrown in, so that the biggest capital may receive more than its share). Capitalism is private ownership of the means of production, and anarchy in production. To advocate a “just” division of income on such a basis is sheer Proudhonism, stupid philistinism. No division can be effected otherwise than in “proportion to strength”, and strength changes with the course of economic development. Following 1871, the rate of Germany’s accession of strength was three or four times as rapid as that of Britain and France, and of Japan about ten times as rapid as Russia’s. There is and there can be no other way of testing the real might of a capitalist state than by war. War does not contradict the fundamentals of private property—on the contrary, it is a direct and inevitable outcome of those fundamentals. Under capitalism the smooth economic growth of individual enterprises or individual states is impossible. Under capitalism, there are no other means of restoring the periodically disturbed equilibrium than crises in industry and wars in politics.

Of course, temporary agreements are possible between capitalists and between states. In this sense a United States of Europe is possible as an agreement between the European capitalists ... but to what end? Only for the purpose of jointly suppressing socialism in Europe, of jointly protecting colonial booty against Japan and America, who have been badly done out of their share by the present partition of colonies, and the increase of whose might during the last fifty years has been immeasurably more rapid than that of backward and monarchist Europe, now turning senile. Compared with the United States of America, Europe as a whole denotes economic stagnation. On the present economic basis, i.e., under capitalism, a United States of Europe would signify an organisation of reaction to retard America’s more rapid development. The times when the cause of democracy and socialism was associated only with Europe alone have gone for ever.

A United States of the World (not of Europe alone) is the state form of the unification and freedom of nations which we associate with socialism—about the total disappearance of the state, including the democratic. As a separate slogan, however, the slogan of a United States of the World would hardly be a correct one, first, because it merges with socialism; second, because it may be wrongly interpreted to mean that the victory of socialism in a single country is impossible, and it may also create misconceptions as to the relations of such a country to the others.

Uneven economic and political development is an absolute law of capitalism. Hence, the victory of socialism is possible first in several or even in one capitalist country alone. After expropriating the capitalists and organising their own socialist production, the victorious proletariat of that country will arise against the rest of the world—the capitalist world—attracting to its cause the oppressed classes of other countries, stirring uprisings in those countries against the capitalists, and in case of need using even armed force against the exploiting classes and their states. The political form of a society wherein the proletariat is victorious in overthrowing the bourgeoisie will be a democratic republic, which will more and more concentrate the forces of the proletariat of a given nation or nations, in the struggle against states that have not yet gone over to socialism. The abolition of classes is impossible without a dictatorship of the oppressed class, of the proletariat. A free union of nations in socialism is impossible without a more or less prolonged and stubborn struggle of the socialist republics against the backward states.