I had in mind a political threat to Europe. China does not want to impose its own social system, nor is she likely to militarily attack Europe. As far as economics is concerned, yes: but isn't that the rule of the game? Economically stronger countries indeed influence less economically strong through investment, trade etc. Does not Europe do the same?
So far the EU is a complete US lapdog though, to the points that, to paraphrase the old Polish joke about their own leaders' subservience to Moscow, "when it rains in Washington EU leaders open their umbrella".
I am totally agree with you. Professor Milanovic many thanks, as usual, for every your political social and economic expression. Pierluigi Tedeschi
Interesting reflections.
I had in mind a political threat to Europe. China does not want to impose its own social system, nor is she likely to militarily attack Europe. As far as economics is concerned, yes: but isn't that the rule of the game? Economically stronger countries indeed influence less economically strong through investment, trade etc. Does not Europe do the same?
So far the EU is a complete US lapdog though, to the points that, to paraphrase the old Polish joke about their own leaders' subservience to Moscow, "when it rains in Washington EU leaders open their umbrella".