Europe is not acting in its economic self-interest by subordinating itself to US dominance; European countries need inexpensive energy to power their industry and avoid deindustrialization, but instead accept higher-priced US liquefied natural gas and military dependence, resulting in economic decline.
causalpending
Speaker
Michael HudsonEvidence Quote
“Well, Europe isn't acting in its economic self-interest. That would be to get inexpensive energy to power its industry and avoid the deindustrialization that you're seeing in Germany and other NATO countries. It can't afford the higher prices of oil and its chemical industry can't afford to operate at a profit.”
Created: 8/12/2026, 5:57:21 PM
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