Renowned American economist Jeffrey Sachs recently addressed the European Parliament to deliver a stark wake-up call for Europe. Challenging the status quo, Sachs criticized Europe’s subordination to U.S. influence and a distorted historical perspective that hampers effective decision-making.
According to Sachs, U.S.-led Western wars — influenced by powerful lobbying and a preference for game theory over strategic dialogue — have resulted in policies that stoke tensions and divide key allies. Recalling the turbulent events in Ukraine during 2014, he argued that the West’s abandonment of key agreements left Russia feeling cornered, prompting a military response.
For Sachs, the situation in Europe has far-reaching consequences. Soaring inflation, a deepening refugee crisis, and mounting energy challenges have all been fueled by misguided "de-risking" policies. Even as Europe is urged to view the Chinese mainland with caution, Sachs reminds us that China is not an enemy but a success story and a natural partner.
He also highlighted the impact of technological restrictions, such as pressures on companies like ASML to limit high-tech equipment sales and measures that led to bans on key telecom providers in critical sectors. These actions have left Europe more dependent on costly U.S. tech monopolies.
Moreover, Sachs noted that EU states are being pressured to deploy warships through the Taiwan Strait, escalating tensions with Beijing — a situation driven by political influence and manipulated narratives rather than genuine regional security concerns.
Wrapping up his address, Sachs urged Europe to reexamine its alliances. With EU trade with China reaching around $700 billion in 2024, he called for deeper connectivity across Eurasia and argued that Europe should embrace its natural partnership with the Chinese mainland. It’s a bold invitation for Europe to level up its strategic autonomy and reclaim its future on the global stage! 🚀
Reference(s):
cgtn.com
