The E.U. on Chinese Online Marketplaces: Different Business Cultures

It is perhaps just human nature to assume that the attitude towards ethical (and unethical) business is uniform from culture to culture around the world, with one's own culture being definitive and thus the default as a standard. But just as far-away cultures can be very different than one's own, so too can far-off business practitioners and even regulators have different beliefs, values and thus expectations concerning how ethical business norms should be than do such people in one's own culture. The E.U./China trade interface provides a case in point. 

The full essay is at "The E.U. on Chinese Online Marketplaces."

Trade or Foreign Policy: The E.U. on Illegal Israeli Settlements

During the summer of 2026, the E.U. found itself at one point trying to make the unnecessarily arduous and utterly artificial distinction between trade and foreign policy as if they were mutually exclusive. This task was foisted on the Council of Ministers due to the domain-specific application of the state veto, which is to say, the requirement of unanimity. The sheer artificiality was outdone only by the absurdity of any of 27 states still being able to veto proposed federal law and policy in some but not all policy domains, and thus hamstring the E.U. even when the good of the whole, supported by the vast majority of states and E.U. citizens, supported action on the federal level. The global context at the time with respect to international relations belied a stark separation of trade from foreign policy.

The full essay is at "Trade or Foreign Policy."

E.U.-India Free Trade

Early in 2026, “(a)fter months of intense negotiations,” the E.U. concluded “a free-trade deal with India,” which, if ratified by the E.U.’s upper and lower chambers (the European Council and the European Parliament), would sharply reduce “tariffs on E.U. products from cars to wine as the world looks for alternative markets following President Donald Trump’s tariffs.”[1] Signaling that something more than trade was involved in the treaty, “(b)oth countries hailed a ‘new chapter in strategic relations’ as both sides” sought “alternatives to the US market.”[2] The E.U. had just engineered a free-trade treaty with four South American countries. Competition for better, cheaper, trade was reducing Trump’s bargaining power by means of tariffs. Using them to inflict geopolitical harm on other countries, including the E.U., would become less effective as free-trade deals excluding the U.S. materialized. The implications, and even the motive in the free-trade negotiations between the E.U. and India, extend beyond economics.

The full essay is at "E.U.-India Trade."

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1. Peggy Corlin and Maria Tadeo, “EU Inks ‘Mother of All Deals’ with India Trade Agreement Amid Global Turmoil,” Euronews.com, January 27, 2026.
2. Ibid., italics added.

Proliferating Blocs: The E.U. and Mercosur

Words matter; they may not break bones, but they can wreak havoc if they are used carelessly or ideologically. Political labels can stick, and, if inaccurate, they can result in people having an incorrect impression of what something or someone is, politically. The war that began in North America in 1861, for example, has typically been labeled as a civil war, but it may be more accurately labeled as the C.S.A.-U.S.A. War because the Confederate States of America did not want to take over the U.S.A.; it was not as if the C.S.A.’s goal was to conquer and government the U.S.A. Having established itself as a functioning political entity even though U.S. President Lincoln refused to acknowledge the political existence of the C.S.A., that union could be said to have existed and been at war with the U.S.A. from 1861-1865. Two unions of states were at war with each other; it was not as if the Union Army was at war with individual seceded states. The C.S.A. had a government apart from the state governments. So “the war between the states” is an inaccurate label because it denies the existence of the two unions. But the common label of a civil war is also problematic because two political factions were not fighting each other for control of the U.S.A. If this criticism seems unusual and even perhaps rather strange, the reason may be because the victor’s labeling of the war has been so overwhelming. My point is that this does not mean that the labeling is accurate just because it has been widely accepted. Similarly, the labeling by E.U. officials (including the E.U.’s ambassador to the U.S.) of the European Union as a bloc is not accurate. 

The full essay is at "Proliferating Blocs."

On the E.U.’s Mercosur Deal: State Obstructionism

After 25 years negotiating with Argentina, Brazil, Paraguay, and Uruguay, the E.U.’s Commission sought to secure passage of the massive trade-deal in the European Council and the Parliament by the end of 2025. Even though the vote is by qualified-majority voting rather than unanimity in both chambers, one state that was against the treaty sought to delay the vote in the Council, which represents states rather than E.U. citizens. The Commission rightly pushed back on the tactic because for one state in opposition to be able to put off a vote is tantamount to having a veto, which a mechanism only for E.U. competencies that are subject to unanimous approval in the Council.

The full essay is at "On the E.U.'s Mercosur Deal."

Negotiating from Weakness: The Plight of the European Union

To go to much effort to construct an economy on the scale of an empire only to refer instead to the economies within such a union, whether the E.U. or U.S. is to pay excessive homage to an ideology that can be termed Euroskeptic and anti-federalist, respectively. To refer to economies in one union and the economy in the other is just one means by which an ideology can distort a person’s reasoning and perception without the person being conscious of the underlying logical inconsistency. Such an inconsistency is incurred not only in “having it both ways” in the E.U. being a common market even as the states are referred to as economies even though many share a currency and thus a central bank, but also in referring to the federal system as if it were a mere “bloc,” or “network.”  In all of these cases of ideological word-games, the E.U. itself is minimized and thus implicitly marginalized from within. With Russia invading Ukraine and Israel eviscerating the Muslim residents of Gaza, self-marginalization for ideological purposes is indeed costly. Even referring to the federal official who is in charge of foreign policy as a “high representative” is implicitly denigrating and thus counter-productive to the E.U. being able to stand up to Putin and even Netanyahu in 2025.

The full essay is at "Negotiating from Weakness."

The E.U. Stance on Tariffs: Pressure from the States

After the U.S. took the decision to impose reciprocal and car tariffs on the E.U., it did not take long for several of the E.U. states to pressure the federal executive branch, the European Commission, to punch holes in the E.U.’s counter-tariffs so favored industries in the E.U. would not face higher prices on supplies from the United States. As in U.S. states, E.U. states have their own dominant industries, whose financial interests it is only natural for government to protect, as jobs translate into votes. But pressuring the E.U.’s federal government to carve out exceptions for imports desired by favored industries at the state level, such as automobiles in the E.U. state of Germany, would deny the E.U. the full benefit of a united front that federalism can provide against other countries. For maximum leverage in trade negotiations, unilaterally removing counter-tariffs is not wise; it is like a person intentionally tripping over himself while trying to get to the grocery store. Given the regional pressures, trade is rightfully one of the enumerated powers, or exclusive competencies, of the E.U. rather than a shared competency or a power retained by the states.

The full essay is at The E.U. Stance. "

On the Ideological Illogic of European Federalism

Europe may have contributed immensely to philosophy but logic seems to have been in short supply at times, as Europe ties itself in ideological knots in service of nationalism itself, as if that ideology had not given rise to two world wars in the twentieth century. I am not referring to the incendiary, irrational fear of the word, federalism, being applied to the European Union, but, rather, to the role of nationalist ideology in distorting the application of comparative institutional politics by journalists.

The full essay is at "On the Ideological Illogic of European Federalism."

E.U. Statehood for Canada: Not So Fast

Even as the federal president of the U.S., Donald Trump, campaigned in 2024 in part on Canada becoming a member of the U.S., statehood in the E.U. was being discussed in 2025 on both sides of the Atlantic Ocean. Besides being perhaps a knee-jerk political reaction against Trump, the prospect of Canada becoming an E.U. state faced a few major hurdles—one of which being the E.U.’s Basic (aka constitutional) Law. Accordingly, working instead toward a closer trading relationship was a more realistic route.

The full essay is at "E.U. Statehood for Canada."

Tariffs as a Negotiating Tactic: Undercut by Wall Street Expediency

With all the economic and political turmoil from the anticipated American tariffs, it may be tempting, especially for financially-oriented CEOs and billionaires looking at quarterly reports, to call the whole thing off even though doing so would deflate the American attempt to renegotiate trade bilaterally with other countries. The concerns of the wealthy, whether corporations or individuals, have their place, but arguably should not be allowed to "lead the proverbial dog from behind, lest the dog run in circles and get nowhere." Moreover, the notion that any goal that is difficult and takes some time to materialize can or even should be vetoed by momentary passions at the outset is problematic and short-sighted. That U.S. President Trump's announcement of bilateral tariffs quickly brought fifty countries to the negotiating table is significant as a good sign for the United States, as long as that country's powerful business plutocracy (i.e., private concentrations of wealth that seek to govern) can be kept from vetoing the emergent trade policy, which at least in part is oriented to trade negotiation and ultimately to the notion that fair trade is conducive to increased free trade. 

The full essay is at "Tariffs as a Negotiating Tactic."

Russian Electricity Hits a Financial Curtain

On February 8, 2025, the E.U. states of Estonia, Latvia, and Lithuania turned off all electricity-grid connections to Russian and Belarussian supplies of electricity, thus reducing revenues for the belligerent country and its ally. Electricity would thenceforth merge with the Continental European and Nordic grids through links with the E.U. states of Finland, Sweden, and Poland. Europe was taking care of its own, for a price of course, while Russia was increasing trade with China and other countries to make up the difference from decreasing trade with Europe. In short, it can be concluded that unilaterally invading a country has economic consequences that diminish and reconfigure international business.

The full essay is at "Russian Electricity Hits a Financial Curtain."

On the Potential of International Business to Render War Obsolete: The Case of Russian Gas

In a graduate-level course on international business, a professor sketched out the political-economic philosophy of international business, whose mantra is that if two or more countries have enough trade and foreign direct-investment, those countries would be less likely to go to war. In short, economic interdependence, thanks to international business, can render war obsolete and thus greatly enhance the human condition. Decades after I had taken that course, a business professor at the same university wrote extensively on the role that business can play in facilitating peace. Unfortunately, that economically-sourced theory of international relations downplays or ignores that the reasons or rationales for going to war and the decisions taken by a government for military-strategic reasons during a war can trump the (especially immediate) economic benefits from international business, whether in terms of imports, exports, or foreign direct-investment by foreign firms at home or by domestic firms abroad. This can occur even though revenue from taxes or state-owned enterprises having to do with trade and foreign-direct investment can help a government in fighting a war. The case of Ukraine cutting off Russian natural gas from traveling through Ukraine in pipes to the E.U. as of January 1, 2025 is illustrative of vulnerability in the theory of international business as a way to world peace.

The full essay is at "On the Potential of International Business."

Euro-skeptic Anti-Federalism: An Institutional Obstacle in the E.U.

On December 6, 2024, the E.U. finally—meaning more than twenty years after negotiations had begun—reached a free-trade agreement with Argentina, Brazil, Paraguay, and Uruguay. The deal would cover 780 million people, but the completion of the negotiations between the E.U. president and those of the South American countries was “just a first stage before a long process”[1] that would require passage by a qualified majority vote—meaning 55% of the E.U. states and 55% of the E.U. population—in the E.U. Council and in the European Parliament and in enough state legislatures. Presumably if enough state ministers for trade in the E.U. Council vote yes, their respective state governments would go along and also be sufficient for final passage. I contend that the requirement that enough state legislatures also vote yes on the deal is excessive.

The full essay is at "Euroskeptic Anti-Federalism."

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1. Peggy Corlin, “Von der Leyen Clinches E.U.-Mercosur Trade Deal, in Face of French Opposition,” Euronews.com, December 6, 2024.

The European Union Is Not a Trading Bloc

The European Union can be distinguished fundamentally from the previous European Economic Community in several ways, just as the Articles of Confederation can be distinguished on a fundamental level politically from the U.S. Constitution. Both Europe and America have made a qualitative jump, rather than merely as a matter of degree or further extent. In both cases, politically speaking, governmental sovereignty has been split between a union and state governments. Furthermore, in both cases, the domains of power being handled at the federal level have increased. In the case of the U.S., the coverage of the federal level has expanded well beyond Washington’s Continental Army. In the case of the E.U. even by 2024, the coverage had come to extend well beyond a common market and trade policy to include non-economic domains of power, or competencies, too. In this regard, the E.U.'s federal level resembles a government.

The full essay is at "The E.U.: Not a Trading Bloc."

Energy and Global Population

There is a temptation, especially since the global average temperature reached the 1.5C increase threshold in 2023 much faster than anticipated, to focus narrowly on the progress in renewable energy sources without placing it in perspective relative to the total amount of energy being used globally, the annual increases in energy demand, and the root cause, the explosive growth in human population since the early 20^th century. The strategic geo-political international interests of countries impacted and should thus be considered as well. 

The full essay is at "Energy and Global Population." 

The British Pound Reacts to Secession

When the E.U. state of Britain held a vote in 2016 on whether to secede from the union, the British currency plummeted. On the day of the December 2019 statewide election in the U.K., that currency initially jumped and held on the day after as official results confirmed that the conservatives had won a majority and thus would be able to see the secession through. I submit that uncertainty itself was a major factor in both swings, and that the market put too much emphasis on the matter of uncertainty at the expense of the substantive economic effects of secession.

The full essay is at "The British Pound and Secession."

Anticipating a Recession: Economic and Political Indicators in the E.U.

Anticipation in August, 2019, at least among bond purchasers on Wall Street, of an impending recession in 2020 had at least in part to do with the E.U. In particular, a large state, Germany, had a disappointing second quarter in terms of contracting economic output, and the increasing prospect of Britain seceding from the Union was thought to result in the E.U. economy turning recessionary. I contend that both of these baleful indicators were over-emphasized. Additionally, adding the increasing political polarization in the E.U. as another contributor to an upcoming recession would be too much.

The full essay is at "Anticipating a Recession."

China or USA: Which Will Rule Trade?

The Association of Southeast Asian Nations (ASEAN) announced at its meeting in November 2012 that it would host negotiations among its members on “a sweeping trade pact that,” according to the New York Times, “would include China.” The trade agreement would include not only the ten countries that are in the association, but also six other countries that have free-trade agreements with the association. In addition to China, those countries include Australia, India, Japan, New Zealand and South Korea. Half of the world’s population would be included in the pact. Notably absent is the United States. This is no accident, as the Obama administration’s own proposal for an eleven-nation Trans-Pacific Partnership excludes China. In other words, the contending proposals may be more about a “control battle” between two contending empires—the United States and China—than anything else. Moreover, which proposal succeeds could say something about whether China succeeds the United States as the hegemonic super-power of the twenty-first century.

Barack Obama and Wen Jiabao: A contest of wills at the East Asia Summit in 2012.   Jason Reed/Reuters

The full essay is at "Global Trade Dominance: China or The USA?"

Gary Cohn of Goldman Sachs in the White House: A Hidden Agenda?

Rex Tillerson, the U.S. Secretary of State fired by U.S. President Donald Trump and former CEO of Exxon, an international oil company based in the U.S., did not allow his difference with the president of tariffs on steel and aluminum to be a deal breaker. In this respect, the ex-CEO was not doing his company’s bidding. That is to say, he was not primarily in public service to serve the private interests of a multinational corporation. Unfortunately, this cannot be said of Gary Cohn, the ex-president of Goldman Sachs who quit as Trump’s chief economic advisor just after the tariffs were announced. Tariffs in general and especially to protect goods in another sector are not in the interests of a major American banks with substantial international business. If the former president of Goldman Sachs had taken the post in government to further Goldman’s interests, the question is whether public service is mere window-dressing at the highest levels of government—plutocracy being the real name of the game.

The full essay is at "Gary Cohn of Goldman Sachs."

Essays on the E.U. Political Economy: Federalism and the Debt Crisis

The collection of essays comprising The E.U. Political Economy looks broadly at the E.U.'s federal system, with particular attention to the states, including the matter of "Brexit," which refers to the secession of Britain from the Union. The text then turns more narrowly to the government-debt and banking crisis that occurred in the wake of the financial crisis of 2008. The backdrop of federalism is meant to convey the point that weaknesses in that political system hampered the E.U.'s handing of its states and banks that were in trouble with debt. Lastly, several essays are presented on some more general aspects of the E.U.'s political economy. Rather than being heavily theory-oriented, the essays draw on contemporaneous news reports to quote from practitioners from business and government.

Essays on the E.U. Political Economy is available in print or as an ebook at Amazon.