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Catfight – and it’s US vs EU

Lovers of turbo-neoliberalism, rejoice – and take your bottles of Moet to a prime ringside seat; there won’t be a nastier catfight this summer than the opening rounds opposing two Western giants. Forget about the Pentagon “pivoting” to Asia without ever abandoning the Middle East; nothing compares with this voyage in the entrails of turbo-capitalism, worthy of a neo-Balzac.

We’re talking about a new Holy Grail – a free-market deal between the United States and the European Union; the advent of a giant, internal transatlantic market (25% of global exports, 31% of global imports, 57% of foreign investment), where goods and services
(but not people) will “freely” circulate, something that in theory will lead Europe out of its current funk.

The problem is that to reach this Brave New World presided by the Market Goddess, Europe will have to renounce some of its quite complex juridical, environmental, cultural and health norms.

In that Kafkaesque/Orwellian bureaucratic paradise also known as Brussels, hordes of faceless equivalents of the bowler hat men in a Magritte painting openly complain about this “adventure”; there’s a growing consensus Europe has everything to lose and little to gain out of it, in contrast with the much-derided enemies of the European integration, as in the fanatics of an “pro-American” and “ultra-liberal” Europe.

Pepe Escobar

Asia Times Online, Hong Kong

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