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Thursday, March 3

EU to dethrone America?

In his new book The United States of Europe: The New Superpower and the End of American Supremacy, Washington Post reporter T. R. Reid offers a “warning” about a “geopolitical revolution of historic dimensions.” The European Union will become a “second Superpower” that sees itself not as the ally of the United States, but as its competitor in creating a new world order. This new order will be based on the utopian aspirations of 19th century liberalism: economic integration, disarmament, and world government, with a hefty dose of democratic socialism in the form of a comprehensive welfare system and corporate statism.

Reid bases his thesis of rising EU power on the size of its economy. In 2003, its 25 member nations had a combined Gross Domestic Product (GDP) of roughly $12.8 trillion, compared to U.S. GDP of $10.9 trillion. On a per capita basis, Europeans averaged $36,000 to an American’s $40,000, though the EU figures look better due to the declining value of the dollar as U.S. finances have been hammered by massive trade deficits.

Will Europe Bring Chaos to the World Order by Dethroning America?

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