What has the EU ever done for us?

What has the EU ever done for us? Mostly, a lot of harm.

Consistently favoured corporate interests over public interests

The EU is far more insulated from public pressure than national governments but even more prone to listening to corporate lobbyists. It is not transparent enough about lobbying for us to even know what the real expenditure is, but we know it a lot.
The greatest single case of this is in the supposedly free trade, but really corporate welfare, TTIP treaty which the EU is pushing hard, despite widespread public opposition. Who wants the treaty? Corporate lobbyists. It also binds countries permanently to particular policies, undermining democracy.

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Financial models and climate models

A few years ago we were assured that complex financial models used by banks could be relied on to correctly assess financial risk. This was supposed to ensure that banks would stay solvent, and the financial system stable. It turned out that insufficient back-testing, subtle pressure on those building the models to produce the “right” results, and the intrinsic problems of complex models, meant that the models were far from good enough.

We are also asked to trust complex models of climate change that predict rising temperatures. I am inclined to distrust complex models in general, but leaving that aside, are these likely to suffer the shortcomings of the bank’s risk models? Continue reading