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Opinion: Better development conditions for Romania out of EU

Romania, like any rational state, should bow out of the European Union, which is an external force that imposes its development direction, the way the government is a force external to the people's wishes, libertarian Jeffrey Miron, a Harvard University Professor of Economics, told Agerpres at the end of a conference organized in Bucharest by the Romanian-American University.

The Harvard Professor says that hiking the VAT was an inappropriate measure for exiting the crisis, yet he deems that reducing pensions and public sector salaries was a correct decision.

According to Professor Miron, the European Union, just like the government, imposes a series of decisions on Romania and the EU is an external force that prides itself on knowing better than the citizen how he should live, although the common citizen often disagrees of what the EU and the government, respectively, decide on his behalf.

Jeffrey Miron cites the example of Hong Kong, which did not require any guru and never needed a European Union, and which has drawn closer to the notion of liberal capitalism than any other economy.

Professor Miron said that the principles of libertarianism would not be imposed by a dictator, but would be accepted by the majority, which would then vote for libertarian legislators, who would further do nothing else but reduce state intervention in social and economic life. The idea of the Professor is that if libertarians were in power, they would take steps to reduce bureaucracy and slowly but steadily remove all existing governmental structures.

Romania is the first East European country where Professor Jeffrey Miron has been invited to present libertarianism, which he hopes, would sound more convincing to the people of a country that have lived in a centralized economy and under a communist regime, because they have directly experienced the hard reality of the extreme variant of a totalitarian government control and the disastrous effects of the totalitarian intervention of the state.

According to Miron, when the state steps in to fix something that goes wrong, when it attempts to remedy particular issues, such intervention only worsens these things. In this context, the Professor referred to the legalization of drug consumption and the possibility for citizens to legally own guns.

Last, but not least, Professor Jeffrey Miron said that the current extent of the global economic crisis is exactly the effect of the existing regulations: U.S. rating agencies have been overly protected, and that is why they did a poor job; other regulations provided protection to the banks against competition. So, it's the government, not capitalism that created this system of protection, said Jeffrey Miron. And the banks, about which Professor Stiglitz was saying they were too big to be allowed to fail, got help from the state when they ventured too much, rather than being let to pay for their mistakes.

Sursa: http://www.actmedia.eu

Tags: miron professor would jeffrey government state which romania

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