Geopolitical Economy Report
Geopolitical Economy Report
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EU confesses 'our prosperity was based on China & Russia': cheap energy, low-paid labor, big market

Posted

October 20, 2022

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EU foreign-policy chief Josep Borrell confessed the West’s neoliberal economic model was “based on cheap energy coming from Russia,” “access to the big China market,” and low-paid Chinese workers. Europe has now lost that, and is thus in crisis.

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Check out our previous episode "West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home"

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EU confesses 'our prosperity was based on China & Russia': cheap energy, low-paid labor, big market · Geopolitical Economy Report · Sentinel