BASF To Downsize In Europe Because Of High Energy Costs & Overregulation

Now we would like to think that politicians get the hint and start doing the right thing. Think again. Politicians don’t want to do what’s good for the country but only what gets them re-elected and hence preserves their money and perks. Once you are used to the good life, you don’t want to give that up. Ever. So, politicians will find other remedies than reforming the European business environment. They will institute trade barriers and make it impossible to import the products those companies produce. This drives prices into the stratosphere but voters are docile as we have seen in the Midterms. 

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