Thursday, November 11, 2004
The United States of Europe
T. R. Reid's The United States of Europe lays bare the ways in which the EU is positioning itself to be a global counterweight and second superpower, on equal footing with the U.S.A. Reid traces the rise of the EU from the days when Churchill and other visionaries set out in the post-World War II rubble to find a means to end war in Europe. He shows how this remarkably successful effort to "create peace" also created a global economic and political power that is often at odds with the United States. This drive toward unity has been accelerated by the powerful mood of anti-Americanism (or, at least, anti-Bushism) that has swept the Continent since the war in Iraq.
In addition to the political ramifications of the EU, The United States of Europe shows the great impact this alliance is having on the global economic market. The euro, which now has more daily users than the dollar, is fast becoming a reserve currency and a new standard for global finance, a globally recognized replacement for the once-almighty dollar. Unification has spawned a generation of European corporate managers who have led firms like Nokia, Airbus, BP, Vodafone, and Red Bull to catch and surpass their U.S. competitors in global markets.
The European Union, from its beginnings as an experiment in statecraft, has rapidly emerged as a resounding success; yet Americans have so far managed to ignore the geopolitical revolution under way across the Atlantic. Reid's book shows how quietly-and not so quietly-Europe is developing itself into an economic, political, and cultural powerhouse.