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EU confesses 'our prosperity was based on China & Russia': cheap energy, low-paid labor, big market

Geopolitical Economy Report

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We Cannot Substitute One Dependency by Another

The EU foreign policy chief Brel also acknowledged a few other factors that have led to this massive economic crisis we're seeing around the world. And interestingly, he admits that one of the reasons for that is the US has been the aggressor. Listen to this very interesting comment here and then I'll respond to it. The US government is basically pushing up to the brink of war with China. We don't have a clear understanding that we are creating new dependencies on this lane between energy, climate, technology. This is something that we have to be very clear.

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