Paris asked the European Union on Friday to indefinitely suspend new regulations requiring large corporations to identify and address environmental or human rights impacts in their supply chains.
Mostly, it seems. The UK is no longer part of the EU and it was the first to prescribe companies create a Anti-Slavery Policy (afaik, that law is toothless though).
I don’t think whether the EU is the only (or just the first!) bloc to enact a supply-chain transparency law is an argument against such a law at all though. Especially given the connectedness and trade power of the EU, such a law can do a great deal, even if it is enacted only in this part of the world.
I’m not saying the laws are a bad idea, I think they’re not a good idea right now as Europe is faltering economically and adding additional regulatory burden on EU businesses is taking it in the wrong direction
Both France and Germany are having massive issues over their countries finances right now and the EU as a whole is losing out to the USA and China not just on innovation/productivity but the income, taxes and jobs these provide.
Europe is spending too much and making too little, it makes little sense to continue forward in this direction because it usually ends up badly for Europeans as their social benefits are slowly stripped away as we’re already seeing:
Mostly, it seems. The UK is no longer part of the EU and it was the first to prescribe companies create a Anti-Slavery Policy (afaik, that law is toothless though).
I don’t think whether the EU is the only (or just the first!) bloc to enact a supply-chain transparency law is an argument against such a law at all though. Especially given the connectedness and trade power of the EU, such a law can do a great deal, even if it is enacted only in this part of the world.
I’m not saying the laws are a bad idea, I think they’re not a good idea right now as Europe is faltering economically and adding additional regulatory burden on EU businesses is taking it in the wrong direction
Both France and Germany are having massive issues over their countries finances right now and the EU as a whole is losing out to the USA and China not just on innovation/productivity but the income, taxes and jobs these provide.
Hyperbolic Youtube videos:
And political turmoil:
Europe is spending too much and making too little, it makes little sense to continue forward in this direction because it usually ends up badly for Europeans as their social benefits are slowly stripped away as we’re already seeing:
The law was to deal with a pension system budget deficit projected to reach €13.5 billion per year by 2030.[1] https://en.wikipedia.org/wiki/2023_French_pension_reform_law
The other option is to continue to increase state spending like Argentina and end up with 1000% inflation