Merger Of Siemens & Alstom In Jeopardy

Posted: 1/6/2019

Just read this German article about the pending merger of Siemens & Alstom: ZUGHERSTELLER : Fusion von Siemens und Alstom steht auf der Kippe.

What an ironic subject! It almost laser focuses on what is wrong with the European Union as far as economic policy is concerned:

1. Leading European politicians bemoan that their train manufacturers cannot compete with the largest Chinese manufacturer that is gaining market share around the world
2. The EU was unable to foster big European business (promoting business champions) and that bullet trains were a promising business model of the future

May I remind that train transportation is a very rigid and limited 19th century technology. From a 21st century perspective it is very questionable where trains still make sense whether short or long distance.

Colbertisme Is Still Alive In France!

When A U.S. Company Wants To Acquire A French Company

The CEOs of both companies (General Electric & Alstom) have to first consult with the French government.

The French government prefers a European solution with e.g. German Siemens.

Mercantilism Has Never Died

Those who attack “Laissez faire, laissez passer” or the “invisible hand” etc. are often extremely ignorant or they are worshipers of a government run economy.