Wednesday, 19 December 2007
EU: Capitalism @ Work?
Sometimes the EU can just parody itself so well; it needs no Mark Steel to try and expose its flaws (where are the right-wing comedians, by the way?).
Today brings us this classic tale. Our greater European government for progress has deigned that all cars need to meet strict emission standards by 2012. Personally, I think this is the way to go, regulate the market and offer incentives (cough, socialists be here though as they propose fines rather than incentives in this case...) to bring about the changes you want in an efficient way. Allow the market participants to decide how to get there. one quibble is that 2012 is not very far away in R&D terms, so i would have added another 3-5 years, but this is a thumbs up from me. I would rather our own government did this, but we don't seem to get asked about that anymore...
Anyway, back to the matter at hand. This idea has met with growls of fury from the car manufacturers, but of course. best of all, they have successfully lobbied their governments to make a storm about this. Angela Merkel has come out against and now the whole policy lies in jeopardy.
If this fails, which seems likely when the Germans and French get together against an EU idea, it just goes to show the pointlessness of the EU. It has not enough power to be a true state actor (fortunately), but has the cost and bureaucracy of several states.
This one and related green (tax) ideas will run and run....to nowhere.
Posted by CityUnslicker