Earlier quoted context omitted.
The corporations can't take care of their employees forever, so does the government can't take care of the corporations forever.. Wouldn't they not want this to hit a dead end?
The rationale is that the more successful divisions of corporations support the existence of less successful divisions, and more successful corporations support the existence of less successful corporations. This is socialism -- social ownership of risk. The rising tide lifts us all. There are fewer winners and fewer losers, and it's only sustainable when everybody buys into it and nobody gets greedy or envious. Such…
You know, every other nation in Europe has a period in history when they were persecuted and being deliberately destroyed, both physically and psychologically. Sometimes for hundreds of years. We've got "killing fields" and battlefields everywhere - please, do take into an account a legacy of more than 2000 years of non-stop, all-out wars - and more than one such a field was created specifically for people of one nationality. On the other hand, almost every single nation in Europe has a (mostly real! but sometimes imagined) "golden age" in their history they can cling to; a period where that nation was (possibly a part of) a global superpower.
Given that, I don't believe nationalism is going to die just because people are getting hungry. I mean, lots and lots of death, torture, persecution, as well as preaching, propaganda, and education didn't kill nationalism - why do you think lack of money would? Some European nations are practically built upon martyrdom and, if anything, it made European nationalism even harder to leave behind, change or even soften a little.
> Europe will start to look more like Canada and the US
I'm repeating myself here, but discarding more than 2k years of history is dangerous when making predictions about the future. Europe already was a melting pot of cultures for a while, back when nation-states were not fashionable yet. A few times, at that, in different ages. Never once did this make Europe a peaceful continent or made nationalism disappear.
US and Canada are unique in that, historically, it's a bunch of people getting together and promising to leave the past behind. That, of course, doesn't take into account American natives, but whatever: that's NOT happening in Europe. You'd have to demolish most of the cities to destroy thousands of buildings and sculptures still, remainding Europeans about just how heinous their neighbour is or just how just was their neighbours massacre. And that's the easiest part, because then you'd have to destroy and eradicate a good part of culture and art. And then, after a couple of generations under heavy propaganda, maybe you'd have a place roughly comparable with US.