Thursday 23 March 2017

David McWilliams: EU has hit self-destruct button as world moves on

David McWilliams

David McWilliams

You can do worse than sit on a Tuesday afternoon in a little cafe about 20 yards from the Coliseum and watch five Chinese tourists getting their photos taken with three chain-smoking Italians dressed up as Roman gladiators.

There is something poignant about looking at the Italians in the epicentre of the greatest empire Europe has ever seen, pimping themselves out to the free-spending consumers of the world's coming empire.

While Europe condemns itself to years of unnecessary austerity, China continues to grow apace. Whether China slips up this year or next is actually immaterial, the great structural shift in the world is towards China and there's nothing we can do -- short of protectionism -- about it.

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