EU needs better politics and less law if it is to prosper
Published 08/09/2016 | 02:30
AS they themselves would say, the Americans have skin in this game. Tens of billions of dollars worth of skin. But there may also be genuine puzzlement on the other side of the Atlantic about the ramifications of EU state aid rules in the wake of the Apple ruling.
Delaware is a banking haven, Texas eschews income tax, California outlawed lead emissions and, because it was California, changed car technology worldwide. The idea that some federal agency would decide whether all of this is fair would seem utterly bizarre, quite apart from being unconstitutional.
Yet the effects of the American Way seem just as bizarre to Europeans, and more horrifying. The destruction of Detroit - Motown - owes much to the inducements offered to the car industry by other states in the south, alongside looser labour regulations, which broke the power of the trade unions.