The European Union is an empire. This empire is now failing economically and civilisationally. Economically, it is falling behind other advanced economies world-wide since at least the 2008 Great Financial Crisis. In this regard, the EU resembles previous empires which were still expanding geographically as their foundations had begun to crumble. EU economic decline has been across the board. Since the introduction of the euro in 1998 the EU has had markedly lower aggregate and per capita GDP growth than almost all advanced economies world-wide.
Read Full Article »