{"id":318522,"date":"2022-09-28T06:40:56","date_gmt":"2022-09-28T10:40:56","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=318522"},"modified":"2022-09-27T02:01:23","modified_gmt":"2022-09-27T06:01:23","slug":"how-america-is-crushing-europe","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/09\/how-america-is-crushing-europe\/","title":{"rendered":"How America Is Crushing Europe"},"content":{"rendered":"

by Eric Zuesse, The Duran<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

America creates, imposes, and enforces the sanctions against Russia, which are forcing up energy-prices in Europe, and are thereby driving Europe\u2019s corporations to move to America, where taxes, safety-and-environmental regulations, and the rights of labor, are far lower, and so profits will be far higher for the investors. Furthermore, America can supply its own energy. Therefore, supply-chains are less dicey in the U.S. than in Europe. There is less and less reason now for a firm to be doing anything in Europe except selling to Europeans, who are becoming increasingly desperate to get whatever they can afford to buy, now that Russia, which had been providing the lowest-cost energy and other commodities, is being strangled out of European markets, by the sanctions.<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

Europe\u2019s leaders have cooperated with America\u2019s leaders, to cause this European decline (by joining, instead of rejecting, America\u2019s sanctions against Russia), but Germany\u2019s companies can also enjoy significant benefits from relocating or expanding in America. Germany\u2019s business daily newspaper,\u00a0Handlelsblatt,<\/i>\u00a0reported, on September 25th,\u00a0\u201cMore and more German companies are expanding their locations in North America: Washington attracts German companies with cheap energy and low taxes. This applies above all to the southern states. Berlin is alarmed \u2013 and wants to take countermeasures.\u201d<\/b><\/span><\/a>\u00a0(Original:\u00a0\u201cImmer mehr deutsche Unternehmen bauen ihre Standorte in Nordamerika aus: Washington lockt deutsche Firmen mit billiger Energie und niedrigen Steuern. Das gilt vor allem f\u00fcr die S\u00fcdstaaten. Berlin ist alarmiert \u2013 und will gegensteuern.\u201d<\/span><\/a>) It says that \u201cNumerous German companies are planning to set up or expand their U.S. locations. \u2026 U.S. states such as Virginia, Georgia, and Oklahoma, show increasing interest\u201d in offering special inducements for these firms to relocate, or to at least expand, their production in the U.S. For example, Pat Wilson, Commissioner of the Georgia Department of Economic Development, tells German companies that, \u201cOur energy costs are low, and the networks are stable. \u2026 Companies coming to Georgia [from Germany] are reducing their carbon footprint.\u201d Considering that one of the major reasons why Germany\u2019s Government is squeezing-out Russia\u2019s fuel-supplies (other than to \u2018support democracy in Ukraine\u2019, etc.) is that those Russian supplies are fossil fuels, an important benefit by which America can attract European firms (even on the basis of \u2018Green\u2019 arguments) is by advertising bigger \u2018energy efficiency\u2019 than in Europe \u2014 not necessarily in a strictly environmental sense, but definitely in the bottom-line sense, of lowered energy-costs, since America\u2019s regulations are far less strict than in the EU.\u00a0<\/span><\/p>\n

Also on the 25th, the\u00a0Irish Examiner<\/i>\u00a0bannered\u00a0\u201cEuropean industry buckles under weight of soaring energy prices: Volkswagen, Europe\u2019s biggest carmaker, warned last week that it could reallocate production out of Germany and eastern Europe if energy prices don\u2019t come down.\u201d<\/b><\/span><\/a><\/span><\/p>\n

Also on the 25th, Oil Price dot com headlined\u00a0\u201cEurope Faces An Exodus Of Energy-Intensive Industries\u201d<\/b><\/span><\/a>, and mentioned especially that \u201cthe U.S.\u00a0Steel giant ArcelorMittal\u00a0said<\/span><\/a>\u00a0earlier this month that it would slash by half production at a steel mill in Germany and a unit at another plant, also in Germany. The company said it had based the decision on high gas prices. \u2026 ArcelorMittal earlier this year announced it had plans to expand a Texas operation.\u201d<\/p>\n

On September 26th, the\u00a0New York Times<\/i>\u00a0bannered\u00a0\u201cFactory Jobs Are Booming Like It\u2019s the 1970s: U.S. manufacturing is experiencing a rebound, with companies adding workers amid high consumer demand for products.\u201d<\/b><\/span><\/a>\u00a0In total, \u201cAs of August this year, manufacturers had added back about 1.43 million jobs, a net gain of 67,000 workers above prepandemic levels.\u201d And this is only the\u00a0start<\/i>\u00a0of America\u2019s re-industrialization and economic recovery, because the hemorrhaging of jobs from Europe has only just begun. These German firms are getting in on the ground floor in America, leaving Europe\u2019s workers behind, to swim or sink on their own (the ones that can).<\/p>\n

Also on September 26th, Thomas Fazi at unherd dot com headlined\u00a0\u201cThe EU is sleepwalking into anarchy: Its sanctions are crippling the bloc\u2019s working class\u201d<\/b><\/span><\/a>, and documented that this hollowing-out of Europe\u2019s economies is being experienced the most by Europe\u2019s lower economic classes, who are the least capable of dealing with it but are being abandoned by the higher-wealth group, the investors, who are sending their money abroad, like banana-republic oligarchs do.\u00a0<\/span><\/p>\n

On September 19th, the\u00a0New York Times<\/i>\u00a0headlined\u00a0\u201c\u2018Crippling\u2019 Energy Bills Force Europe\u2019s Factories to Go Dark: Manufacturers are furloughing workers and shutting down lines because they can\u2019t pay the gas and electric charges.\u201d<\/b><\/span><\/a>\u00a0For example, a major employer in northern France, Arc International glass factory, doesn\u2019t know whether they will survive: \u201cNicholas Hodler, the chief executive, surveyed the assembly line, shimmering blue with natural gas flames [gas that came from Russia and that now costs ten times as much as just a year ago]. For years, Arc had been powered by cheap energy that helped turn the company into the world\u2019s largest producer of glass tableware. \u2026 But the impact of Russia\u2019s abrupt cutoff of gas to Europe [forced by the sanctions] has doused the business with new risks.\u00a0Energy prices<\/span><\/a>\u00a0have climbed so fast that Mr. Hodler has had to rewrite business forecasts six times in two months. Recently, he put a third of Arc\u2019s 4,500 employees on partial furlough to save money. Four of the factory\u2019s nine furnaces will be idled; the others will be switched from natural gas to diesel, a cheaper but more polluting fuel.\u201d<\/p>\n

Read More @ TheDuran.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Eric Zuesse, The Duran: America creates, imposes, and enforces the sanctions against Russia, which are forcing up energy-prices in Europe, and are thereby driving Europe\u2019s corporations to move to America, where taxes, safety-and-environmental regulations, and the rights of labor, are far lower, and so profits will be far higher for the investors. Furthermore, America […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[138786],"_links":{"self":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/318522"}],"collection":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/comments?post=318522"}],"version-history":[{"count":0,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/318522\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/media?parent=318522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/categories?post=318522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/tags?post=318522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}