BurdensomeCount
Unable to escape TheMotte's cycle of Samsara...
The neighborhood of Hampstead is just at present exercised with a series of events which seem to run on lines parallel to those of what was known to the writers of headlines and "The Kensington Horror," or "The Stabbing Woman," or "The Woman in Black." During the past two or three days several cases have occurred of young children straying from home or neglecting to return from their playing on the Heath. In all these cases the children were too young to give any properly intelligible account of themselves, but the consensus of their excuses is that they had been with a "bloofer lady." It has always been late in the evening when they have been missed, and on two occasions the children have not been found until early in the following morning. It is generally supposed in the neighborhood that, as the first child missed gave as his reason for being away that a "bloofer lady" had asked him to come for a walk, the others had picked up the phrase and used it as occasion served. This is the more natural as the favorite game of the little ones at present is luring each other away by wiles. A correspondent writes us that to see some of the tiny tots pretending to be the"bloofer lady" is supremely funny. Some of our caricaturists might, he says, take a lesson in the irony of grotesque by comparing the reality and the picture. It is only in accordance with general principles of human nature that the "bloofer lady" should be the popular role at these al fresco performances.
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Just shows the importance of having your own versions of the services which are necessary for daily life. Europe made the mistake of funneling its resources to paying for the welfare of low human capital instead of developing indigenous service providers. Now it's suffering the consequences. The hope would be that they learn their lessons, cut welfare and move the money into long term US (and China) independent services. Payment processors are a good starting point, even places like Nigeria have fully functional home grown versions like Verve.
In the short term they really should force the American companies to lift these sanctions or suffer just as nasty consequences in Europe as not following the sanctions would inflict upon them in the US. This would basically force a divestment of the EU business by the company which would give the EU a good starting point for their own versions of these services.
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Yes, but their EU operations exist because the Eurocrats allow them to. Such a proposal would mean their EU operations are no longer viable and they have to choose between the US and EU. Yes of course they are going to choose to keep the US operations but that means a full sale of the EU operations to an entity which will be EU based and therefore comply with the Eurocrats.
This will give the EU ready made versions of their own services that they don't need to build up from scratch, a bit like how McDonald's still exists in Russia after McDonald's International left the country, the restaurants just changed their name but offer basically the same food at basically the same prices, Russia didn't need to build up their McDonald's replacement from scratch.
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