Prominent economist Jeffrey Sachs delivered a sharp critique of Europe's foreign policy alignment with the United States during a recent European Parliament address, warning that subservience to Washington risks escalating conflicts and economic decline.
Questioning Strategic Subordination
Sachs highlighted how U.S.-led initiatives, from NATO expansion to energy policies, have left Europe grappling with inflation, industrial challenges, and dependence on costly American energy. He specifically referenced the sabotage of Nord Stream pipelines – widely perceived as a U.S. move against German interests – as emblematic of tensions undermining European sovereignty.
China: Partner or Perceived Threat?
The Columbia University professor challenged narratives framing China as an aggressor, stating: 'China is not an enemy. It's a success story the U.S. views with hostility.' Sachs noted that 2024 China-EU trade remains robust at $700 billion, contrasting U.S. pressure to restrict high-tech exports that could balance trade relations.
Tech Wars and Strategic Costs
Analyzing Washington's influence, Sachs cited forced compliance with the CHIPS Act impacting ASML's operations and Huawei's exclusion from UK infrastructure as examples of policies harming European competitiveness. 'These moves enrich U.S. tech monopolies while increasing consumer costs,' he argued.
Cross-Strait Concerns
The economist warned against EU involvement in the Taiwan Strait, questioning the strategic value of military posturing far from European shores. He characterized such actions as inflaming unnecessary tensions through Washington's 'media manipulation and political influence.'
A Eurasian Future?
Sachs concluded with an urgent call: 'China and Europe – two great Eurasian civilizations – share interests in countering hegemonic pressures through connectivity.' With US dominance challenging both parties, Sachs suggested Europe could learn from China's balancing of development and strategic autonomy.
