Isabella Weber

speaker
207 appearances 1 recordings 1 series first heard Sep 2024 last heard Sep 2024

Isabella Weber’s voice in public audio — every appearance, attributed to the second.

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And that is also like a little bit in the
Draghi report.
I mean, he hinges at saying, like, oh, we need to make sure that there's also democratic participation and like consultation with unions and civil society groups and so on as we are making these decision process processes to ensure that there is democratic legitimacy, which is I think great.
But at the same time, when we look at competitiveness and we actually take inflation into account as one of the dimensions of competitiveness.
Then we have seen that um it's been perfectly possible for very national companies to profit in enormous ways at the end of the day at the expense of the national competitiveness, so that you can get cleavages between the national interests and the interests of individual companies.
You can also get cleavages between the interests of companies and workers and consumers and so on, which
In the US is probably already a complex problem.
I think in Europe is an even more complex problem because you have these different countries that have such different characteristics in terms terms of their structures, right?
So if we go back to the car sector and we say, okay, we are gonna put tariffs on e-vehicles to basically protect the European car industry.
Then we are really talking about companies from the rich Western European countries, right?
It's not like a lot of the Eastern European new member states have internationally competitive car companies right now.
So they for them it means more expensive cars.
In terms of production uh possibilities, it might mean some FDIs, but it's not entirely clear that having FDI from Volkswagen, which is about to actually cut
jobs in Germany is better than having FDI from BYD.
So there's a bit of a you know possible friction that is completely glossed over when we only think in terms of Europe as a whole.
And I think for Europe being this not really integrated unit, this problem is even more severe than than than in the US context.
Yeah, I mean it's still it still plays out in monetary and fiscal policy, right?
I mean, Germany being the policeman of fiscal conservatism is is a huge drag for everybody else.
One more thing on the whole question of
Competitiveness and like some imagined nation, like imagining Europe as as a nation, uh as a unit of analysis.
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