I think regulation for big companies is not a bad thing but this regulations for start ups is killing them and making it more difficult for new companies to emerge in Europe.
I think the lack of investment is a much worse problem. Europe actually has a significantly more fragmented corporate scene, in fact the same economists talking about 'missing trillions' are usually also calling for allowing more mergers and larger corporations. Most EU directives have exemptions for smaller companies anyways.
I believe that blaiming regulation is a bad excuse. Regulation on digitalization was not even contemplated when Meta, Microsoft and Anazon were created.
What baffles me is, we produce the worlds best micro-chip machines and yet use hardly any of them ourselves. We don't invest enough in new industries it's a little sad. I think we are stuck in the mindset of; why make it when you can purchase it abroad.
may not be 100% correct, but you can look at the microchip machine's history. The best micro-chip machine makers were Japanese and at that time ASML was nobody. How ASML catch up? you should ask the American government.
Because we can’t afford the things we produce (allegedly, somehow there are billions spent for other matters, I won’t elaborate). We can’t even afford the top tier trains that Siemens builds for other countries
Making the machine requires a few high tech employees and a little energy. Running the machines require lots of energy. EU is not energy cheap - US & China are due to their more 'relaxed' environmental laws.
@@stanleyzhang8154That doesn’t really impact this conversation. Yes the US holds the patent for EUV technology, which is integral to ASML’s cutting edge machines… but it’s not like the US is blocking them from selling EUV to Germany or Sweden for instance, the problem is that those countries don’t have companies that would use one in the first place
Europe has a bureaucracy problem. Regulations can be fine, don't share private data, dont overly pollute environment. However the bureaucracy of enforcement absolutely strangles any business preventing growth.
The EU is killing everything with overregulation. I own two small businesses, and it’s not easy. Taxation is high, and everything is slow and painful. Bigger companies still have some power to compete, but smaller ones are deeply struggling. The saddest part of all this isn’t just the taxes, bureaucracy, or lack of digitalization-it’s the people who willingly accept this nonsense every day. No one sees the problem. It’s mind-blowing.
Now you can understand the reason and smart decision it was for the British to leave the EU. The EU is run by a bunch of bureaucrats who get richer by the hour for complicit regulations that they create. Just look at all the times they have sued American companies over BS issues for billions of Euros.
But we do have amazing startups, unfortunately they leave for the USA because of Europe's malignant bureaucracy. For some reason we also refuse to incorporate English as a mandatory second language for business
Not many people know this: English is easy to learn because it is easy, or because it is simplified? Due to it used everywhere in the world as non-native language, the grammar and tolelerance must be great to accommodate different people with different background. So English must be simplified UNINTENTIONALLY overtime. When you as a writer want to approach the WORLD audience, you'd be better to write simplified English. This is not true with German. Just 83 million Germans. Even in Austria and Swizerland, people talk a different language (not German). As an isolated place (just Germany), the German native speakers have no incentive to simplify it (it's just their OWN bubble, their own "thing").
@@oceanwave4502 Idk bro, im Austrian, im pretty sure i speak Hochdeutsch. And honestly idk whats ur yapping with simplified english, what are you on about?
@@oceanwave4502I would argue French or Italian are far far easier to learn and speak than English. And more beautiful as well, not to mention that they are both European
@@oceanwave4502 There's a reason why English still remains the most important international language. If U.S. economy looked like Germany or France people would rather learn French and German than English
If the energy price in EU is 4 times higher than Europeans must be 4 times smarter than Chinese/Americans. For example, EU people can invent machines that travel across universe at near lighting speed, or across time. Then even if they decide to work 1-day workweek, their GDP will be still higher than that of China/America.
Unlike the USA or China we aren’t a economically homogeneous country, france will not give advantage to a German company and vice versa, we dislike monopolies in Europe so our tech companies are “specialized” in a sector instead, multiple language, lots of small countries that makes expanding difficult or limited to neighboring countries with similar cultures, local regulations,tax laws ect. L
@@uhohhotdog Agreed. In fact I'll go a few steps further, Europe needs a common army, government, shared border, common debt and of course a common language. That is the only way forward. What do you think?
Easy peasy. The formula for data centers is cheap energy, available land, access to rivers and infrastructure. European IT-developers are not worse than american ones, european scientists are not worse than american and chinese ones. On top of that all we got from the EU is more regulation, paper straws and no market integration, which was the main reason for the EUs existence. Big corporations on the european continent are old archaic constructs married to politicians that ensure no new players will ever enter an existing market. Old families hold old money and rather invest it in champaign bottles than into the future of europe. The EU burocratic machine pumps out regulation after regulation where only the big corporations can keep up, and new startups and challangers will simply go under a tsunami of sensless and worthless burocracy. This year alone over 60'000 !!!! new regulations were made 3x more than the US for something that isn't even a single market. In the EU we only have poeple sitting there that know how to regulate so they keep on regulation day and night to justify their existence in this cancerous system.
Europe faces a systemic issue as it lacks tech companies driving innovation, with leaders in technology, space, and electric vehicles mainly coming from the U.S., China, or Asia. This dependence weakens the continent, hampers growth, and exacerbates debt problems it cannot effectively tackle.
This happens then you let the whole world being Controlled by the united states of Israel who just want to create one world order and one currency the dollar just boycott the dollar and don’t buy american products!
Sweden is a leading innovator, we need to follow the Swedish model, we don't need to be like the US or China, we can follow our own path, but that means less regulation and less/smarter taxation.
You forgot about another important factor: ENERGY PRICES. Energy is becoming more costly and it's not affordable to produce things in many parts of Europe anymore, while at the same time energy prices keep rising even more, partially because of not being a "green energy".
It’s not just that - the euros are just too comfortable. The lack the drive and the hustle to do better. I was at meetings for Corus (steel) when it was in trouble and what struck me was that the company back then was going to go under, but the guys there instead of staying after 4, were more concerned about making it home on time than their employer going bust!!!
that`s not the only problem BUT the companies could not grow could not reinvent themselves EU is not working as a whole Brussels does not have any power to change countries trajectories fundamentally europeans choosed NOT to be a country which => in fractures and companies can`t expand cant grow and progress eventually leads to lack of innovation and finally bankruptcy EU no longer has even 5 companies in top 100
The work force is shrinking cause the youth just want to be influencers and not put in the extra effort. They always have their hands out. The younger generation are lazy 😊
@@intuitivediane Thats the classic boomer narrative and plain false - at least in germany. If we look at the actual number, you can see that the german folks in employable age are currently working more working hours per week as anytime before in the last 50 years
@@intuitivedianenah, the ppl who become influencers are the type that wasn’t going to work anyway, they are just born rich and they can afford to play games all day
@@PentangleYT Would be nice if that was so, but usually it has more to do with the power relationship between employer and employed. If we were going off of value added, turning a bus that stands around into a bus that transports people where they want to (and need to) be certainly adds a lot of value to the overall value and functioning of a society.
Try to fabricate a car, an elevator or even a pressure vessel in the EU, and you'll have to hire Norm experts, pay certifications and inspections for every little process, while facing high salaries for many arrogant and lazy people, high taxes, and high energy costs. That is Europe's metalurgic industry at the moment.
you have to meet the same regulations if you import valves from China. It's not about requirements, but about the prices of materials, energy and margins for intermediaries.
This video completely ignores one vital thing of the USA economy: USA debt. In 2014 the EU had a 87% debt to gdp ratio and the USA 102% In 2024 the EU has a 81% debt to gdp ratio and the USA 122%. We can’t expect the EU to grow as fast as a country who is using debt to boost its economy while being in austerity
Most of U.S. debt is social security, medicare and military spending. If the EU countries actually paid their required share into NATO, the U.S. could drop a point or two of debt-to-GDP while EU would raise a point or two. Not to mention many U.S. products tariffed when being sold into EU, while EU products do not face that while selling into America. This gives the EU extra tax money. The main issue is companies. American companies are simply way outpacing EU companies. This allows more jobs, tax revenue, etc. Yes, America spends more on debt but it can maintain it...until now. Once Trump cuts spending and uses tariffs, you'll see the U.S. and EU numbers start to come closer.
italy has 140% debt to gdp ratio france has 120% debt to gdp ratio spain has 110% debt to gdp ratio. Nice try european keep coping eastern european countries like poland and romania drive that 81% down.
italy has 140% debt to gdp ratio france has 120% debt to gdp ratio spain has 110% debt to gdp ratio. Nice try european keep coping eastern european countries like poland and romania drive that 81% down.
@@salvatoreregalbuto5444 You are A) shifting the conversation to individual EU members when we are talking about the EU economy as a whole which makes as much sense as dirgarding the USA tech edge by saying "it's just California" and B) completely missing my point by pointing out the current debt and not how it evolved in recent years. Also you have the most Sicilian name ever don't pretend like you aren't European yourself. I have literally been to Regalbuto.
I am a tech worker from Europe, worked in many places around the world. In my experience, Europe has the best engineering teams (yes, including the US) and no shortage of startups and ideas. But none of that seems to go anywhere. Part of it is lack of VC funding. But I think it's also a self-reinforcing culture. Startups fizzle out, so the best employees avoid them. Therefore startups fizzle out.
@@JT_ytspawn Maybe NASA could send some science and research crafts into space. Just to catch up with the ESA, hm? Instead of blowing money left and right. We love your JWST but keep in mind it will be surpassed with the two coming to service huge telescopes made by ESO.
@@HanSolo__ **Scope and Size**: NASA has a larger budget and scope compared to ESA, allowing for a broader range of missions and extensive human spaceflight capabilities. - **Focus Areas**: NASA emphasizes deep space exploration, planetary science, and human spaceflight, while ESA has a strong focus on satellite technology, Earth observation, and international collaboration.
@@JT_ytspawn "NASA has a larger budget and scope compared to ESA" And? What does that matter when the only thing they're experts at, is to waste money? The only reason USA has a functional spaceflight capability today is by relying on private corporations, which in turn only exists and works today as they do, thanks to buying up a lot of old Soviet spacetech in the 90s and 00s. "Best engineering teams" Better than USA on average, easily yes. "look at the research papers coming out of US universities and compare them to European universities in tech." Uh-huh, and WHO writes those papers? Generally not the natives of USA. 1/4 are Europeans, another 1/4 are Chinese.
The biggest lie the US is constantly telling the world that world can‘t live with US while the whole world can live better and rise without US because who has built up US through hard work up the germans who are now living in US, they need to distance themselves from US because US will be nobody without them!
@@sophieblau845 U.S. dollar isn't your problem, the Euro is stronger. The issue is Europeans are more concerned about leaser, early retirement and social welfare programs.
The problem is fundementally that technology often disrupts existing industries, like Uber. Recall the European response to it was to cancel it or regulate it. But not to create it. Industries are created from culture and Europe has a cultural problem with IT.
Not to mention European governments openly wanting censorship on social media. This prevents the population from being able to communicate and share contrasting political ideas.
The EU is behind to some degree, but it's kinda funny that every year for the past 15 years there's been an article about how Europe is about to collapse and promptly every year nothing happens. Also, it's very strange to bunch together the USA and China because if the metric is nominal bigness of econometrics, the real GDP of Europe is still leagues ahead of China, which is still very poor (by those metrics).
@@Blaze6108 Actually, no. In nominal, they're roughly equal but, by PPP, China is higher. Obviously, it has 4x the population. But you're not wrong; that exact thought is applied to China as well.
5:33 why’s bloomberg of all publications conflating market capitalisations with GDP? for all their impressive market cap figures, their profits would be a better proxy for GDP (assuming all of profits emanate from value addition which’s pushing the envelope) and assuming an average PE of 25, the 8 trillion figure shrinks to 320 billion. Or on the other hand, if you’re to compare market caps, 61 trillion for the US equities compared to 56 trillion for the euronext
@@danielrojas399 Would be better to compare turnovers and profits. And in Europe larger proportion of services is produced/controlled by the government which explains some of this - and efficiently too. This is also comparing publicly traded companies and lacking other companies. Wouldn't pay much attention to this figure let alone any other single indicator.
@@McSlobo The facts speak for themselves. The economy in Europe has been stagnant the last ten years, basically we lost a decade. There hasn’t been any growth, any increase in wages and instead only losses to purchasing power. On the other hand, the Americans have multiplied their purchasing power and the American economy has tripled. I had to move from Spain to Switzerland because the EU economy is terrible. Switzerland is like an economic island in the heart of Europe where people can actually afford stuff. In Switzerland there’s people from all over the EU working here for the same reason. Economy.
There are some pretty big underlying issues: 1. Brain drain. While the number of Europeans moving to the US is relatively low, the individuals moving are often the very best and brightest on the planet. This is partly a zero-sum game I think - there can only be one America, only one San Francisco, only one New York. America is the economic and tech superpower and that's not going to change, so we shouldn't try to compete with them, we have to find another niche. 2. Languages. Regardless of the EU, we can never fully get over the fact that most people don't speak a useful foreign language fluently, although in younger generations educated people are increasingly likely to speak English. We need to invest more in that - Europe had a lingua franca once in Latin, now the lingua franca is English and it's time that was widely accepted in France and Spain, as much as it is in the Netherlands and Sweden. 3. Infrastructure. The USA has terrible infrastructure but it can get away with it, because it has very favourable geography - a huge flat area in the eastern half facing Europe, and another coastal area directly facing Asia. It has no major mountain ranges and friendly neighbours. Europe can overcome this barrier to a certain extant, especially in these days of digital infrastructure being equally as important as physical. But more continent-scale investment is needed. Regulations and taxes are obviously part of the problem too, but I think the first thing to do is streamline and simplify them rather than cutting them completely, because we don't want to sacrifice the higher quality of life we enjoy in much of Europe as that then defeats the purpose of having a larger economy.
The problem is our mentality. I moved from a European country X to another European country Y. I wanted to do some innovation, but got bullied and shown my place. Instead, I saw people with dubious qualifications rise up in company hierarchy. A guy who never wrote a line if code, but got to lead a software team. Multiply my case by 10,000, and you get the picture.
We have to make it possible for people to create and to build things that benefit people and that create jobs. Food should be regulated, because it's serious stuff and benefits people. But if let's say a company wants to create something useful, we can't make it impossible to do it. And we have a huge immigration, depopulation and inflation problem. We should immediately remove sanctions from russia, apologize and start buying energy from them (instead of buying it at 2x the price from USA), and at the same time heavily invest in solar energy in EU. Bills have to go down, if we want people to make kids we gotta give people an economy that makes them feel confident in the future. I think today nobody is confident in the future in EU
Cultural difference. Europe has long benefited from it's early industrialization, when you look around nobody is working or wanting to start businesses. Compare that to America or China.
Europe is overloaded with expensive governments. They should be reduced by 80% to Asian government sizes. Governments themselves in Europe are the problem.
@patrickgz It's true that china has less regulation then 🇪🇺 or 🇺🇸 . But it's nothing envy. I recommend you google China's Milk Scandal. Or listen to what joe rogan have to say about regulation
We have a lot of problems here in Germany that people will face. Many people are still not aware of this. Ultimately, there has to be something the country can sell in order to then be able to buy things again. The middle class, the automobile and steel industries and the chemical industry were the guarantee for the German economy. All of these guarantors are currently having major problems. The only thing left is agriculture, but that too is being systematically destroyed by ever-increasing regulations. Added to the whole dilemma are increasing expenses due to many pensioners who will soon be retiring. If Germany falls, it will have a dramatic impact on all of Europe. I can only recommend that everyone make personal preparations, network regionally and grow as much as possible themselves. The more people do this the better. Also to be able to help others who cannot. Let's hope for the best.
"If Germany falls" Already a fact. "I can only recommend that everyone make personal preparations, network regionally and grow as much as possible themselves. The more people do this the better. Also to be able to help others who cannot. Let's hope for the best." +1. After seeing USA deliberately destroying the European economy, i can still hope for the best, but i have absolutely no greater expectations.
Right, when economists talk about the “demographic collapse” they mean that of young, skilled, and mobile workers. The senior surge only makes it worse because their dominance in politics just prioritizes funding retiree benefits often at the cost of support for the youth and young families.
@@doujinflip Total population will still decrease but the percentage of the remaining population will still be getting older. That's the other big problem.
When u know u already lost EV industry, don’t focus on competition or tariffs, instead, seek cooperation for survival. To go against the flow is expensive n suicidal.
If you want to look at value creation on a population adjusted basis you can look at GDP per capita, which tells you how much value is created per person in any given area, so it reflects productivity (ideally)
it's honestly not that bad as this video makes it seem to be. Great education system, great and safe food. Great healthcare system. We innovate where we want and then we take a break from work and enjoy life. For them "the workers missed out on trillions", but we are happy and that's what matters.
Nice. Try to drop this museum from your list of markets to sell stuff. Or try to write off the Europe from the NATO. Try to say to the Chinese that they will not get stuff from the EU and that their European market is closed. The EU will move on. The global corporations will do what? Cry?
A study by the Kaiser Family Foundation shows that about 41% of adults in the U.S. struggle to pay their medical bills, which amounts to approximately 100 million people. But as long as stock prices keep climbing, it creates the illusion of a thriving U.S. economy, while the struggles of millions are ignored.
exactly, the US economy is almost the double of EU economy but why so many Americans choose to live in EU then? The US economy is booming thanks to tech giant but average US citizen doesn't see one penny from this. It's just the 0,1% bank account booming.
Shouldn't be comparing company valuation with country's GDP. GDP is wealth that's generated every year, whereas valuation falls when stock prices fall.
My colleague works for Amazon in Europe and gets paid unemployment, is covered by healthcare and is under no stress. We are fine here, worry about yourselves
the majority of real rich don't live in lavish lifestyles, they live very comfortably true. That's becuase they don't care that much about "living lavishly". If you only dreamed to be living lavishly, that's the reason you don't ever get rich.
The us is not an empire. The middle east particularly The UAE and Saudi are growing so fast. Investment and now the world cup going there. Don't say they had their time. They are living it.
@@suze4903 I'm about to yap. The US is not an empire by standard definitions. They have control and influence over much of the world that empire such as the British had with the difference of not conquering or colonizing said lands, though that is being challenged by other countries now. Much of the middle east has it's own problems and in the case of countries like the UAE and Saudi, much of their wealth comes from a depleting resource the world will eventually have to move away from. Although they are diversifying their economies they have their own problems such as population decline (only 11% of the UAE population is actual emiratis most are immigrants) I also wouldn't determine investment flow from the world cup due to it generating very little profit for the country despite it's popularity. What I said in my comment is just a trend in world powers there could be a country that can come along and change it though that doesn't look that way right now.
This is the cost of being a US vassal....it NEVER ends well. Although in Europe's case it's beautifully ironic and poetic. They already got soooooo so so sososo much blood money, they're fine.
Unfortunately in the real world you can either build wealth or you can have it easy. You can have a little of both but maximizing one reduces the other. But many Europeans think they can have 35 hour work weeks, 2 months paid vacation, and lavish welfare states and still build wealth on par with the US. It's just not going to happen no matter how much wishful thinking. Combine these bureaucratic and regulatory hurdles with high energy costs, demographic collapse, and security threats from Russia and elsewhere, and Europe has dark clouds on the horizon. If the US cannot get its own house in order it will be right behind Europe, the US spending and sovereign debt is nearing critical levels.
Bureaucracy, high taxes, high energy costs, lots of regulation, combined with politicians who don't try to solve those problems, but are making it constantly worse. Also a large portion of the politicians only follow their modern identitiy politics, without seeing what people actually want and need and without being able to fight for their nations and europes interests and values. They think they're saving the world, but they aren't even capable of saving their own neighbourhood.
I remember reading an article that compared entrepreneurship between the USA and Europe. One of the metrics they used to show the disparity was the number of new companies being created. The USA has almost 3 times the number of startups per year and in the USA it takes an average of 20 days to open a new company while in the EU it takes 87 days. Bureaucracy and consequently taxes, seems to take a heavy toll on European companies and dampens the drive for new ones. People forget that Elon Musk for example is not American but he came to America to start his companies for a reason.
but in the US they have slavery, many American work 80 hours per day to pay rent bills and healthcare. I don't know anyone in Europe that work 2 jobs probably only in Switzerland that is rich but also expensive. I'd rather being average in the EU than being rich in the US.
@@jonni235This is cope from someone that can’t simply check statistics, because The median hours worked in the US per week is lower than most EU countries and similar to Norway and Germany, only netherlands has a decent difference lower than the US, well lowest in the world. By the way switzerland has a far better economy for average workers there than other EU countries.
also these companies values is because of stock markets, it's virtual money that money doesn't exist, if you remove 100 billions from one of these companies the stock falls. It's the same of Bitcoin it worth 2 trillion dollar, remove the 20% and most of the crypto will collapse.
@@azulaquaza4916it's still an unsustainable problem. The spending has to slow down or else, and what happens when you shut off all that stimulating government money
Almost no one wants to start new businesses because doing so handicaps you! My dad started a business, and he was treated like a criminal by the tax authorities in France! They don’t believe your numbers and try to punish you every month. Plus, they don’t give you the same protections as if you were working for someone else,...less aid, less unemployment, and less retirement. But at the same time, they want more money from you. So, he gave up and ended up getting minimum wage job and aids!, now he earns more.
Fun fact; US and Europe measures GDP differently. US include non-productive fiscal parameters artificially bloating GDP making the economy look better than it really is.
@@Perspectiveon again that's because of the ecosystem that has successfully been created. Elon musk is a us citizen. But would never be successful in the EU perhaps, don't you think so ?.
really bad for information, i.e. talking about the US focussing on solar early, which in germany had been doubling down on in 2000, and then later just dropped the ball due to a more conservative government. the problem wasn't regulations or anything like that but insufficient execution and dedication, bad coordination (hybrid solar, geothermal all lack in execution) if you don't name that, you point at the wrong issues.
Not to be that guy but @5:33 it might be unfair to compare the GDP *per year* of countries with the *total market cap* of companies. Instead, perhaps it should be compared with the annual revenue of these companies? Please correct me if I'm wrong in my thinking 😅
My part-time 🚴 tour guide was doing his PhD, in his mid 30s, never had a real full time job and never will take one. Europe has a well educated population that are not contributing to the economy. In the US 14 years old kids already started working in summers for their pockets $$.
GDP is not the best metric. Yes it reflects economy but imperfectly. Not realistic but let assume we snap fingers and all prices, salary… are multiplied by 1.5 in EU, then gdp would be 50% more but won’t change a thing to your life. I live in the US but I’m European and I know for sure that quality of life for median people is better in EU but it seems online that Americans mostly think themselves like if they are members of the 1% club (which in that case make sense, US is very favorable to rich people)
@@alexcastvix8823 GDP doesn’t tell the whole story now and you couldn’t tell much difference now but it will be telling in 10-15 years time. The state supported quality of lives in Europe won’t last very long before something’s got to give. Mario Draghi confirmed as much.
@@SoYappy I agree some changes need to be done in the social policies that might become hard to sustain (I am mostly to retirement policies due to an important decrease of workers/elderly ratio). But for the rest, I think most of the things contributing to EU quality of life are quite sustainable. Healthcare by being mostly public sector have lower cost, public sector prevent greedy corporations to make majors profits in place where « clients » have no choice/ are desperate (only US are scammed at that point by private insurers, labs…). Rents didn’t skyrocket as much as those in the US (even finance bros have roommates in NYC while many people can live by themselves in major EU capitals )…
Europe does not have a venture capitalist class. They have governments that invest here, or invest there. This is slow, bulky and risk adverse. One Peter Thiel knows and can do more to support startups than all EU bureaucrats put together. But the EU has no idea how to democratize anything because they are a big bureaucracy and they act like any bureaucracy would. « We will solve this problem » says the EU bureaucracy. They are exactly the people who should not do it.
@@BrokenSoldier1515that is not true there is a lot of capital available here and many VCs a lot from the USA. Maybe now with some geopolitics investments are for some foreigners restricted but China is way more pro business than the EU
Exactly. The US human capital is undoubtedly second to none in the world. The 2024 Election proved the strength of populist Centrist. Not too left. Not too right.
China speaks in one state overall and in one languages, likewise America. Eu multiple languages, multiple states and multiple red tape. What do you expect even if we have the brightest minds all of our minds just fly away eventually.
That's just not true. Alot of European bright minds flee away for 10-20 years, work in high stress high pay jobs, and return to Europe, with more experience for less salary, because life is in many regards still better. Immigration is heavily challenging that better easier life. Still, many european universties get profs that teach and do research at a high level with plenty of experience for cheap, because they already made their money.
I think the problem isn't the lack of investment, that is a symptom of the underlying problem. Technological innovation is a race, winner takes all. European regulators put too many drags on scaling up innovations in Europe so European startups lose the race. We need a change of mindset to allow startups to move quickly and break things.
EU gave up their own industries, their own foreign policies, trade policies and their own independent thinking to pleased their overlords in Washington. What else can they expect!!🙄
@@lu111eric I think they need to first try to disable the Russian military threat and then try to recover the industrial output they had before. Nothing is produced in Europe anymore. That needs to change.
@@aleh3627 First, the Ukraine-Russia war is a war that Russia can't lose and Ukraine can't lose war. By that it's means both group MUST deescalated the war to prevents any Nuclear war happening. Europe doesn't wanna completely poke the Bear nor Russia would dare to go on Full-in war with Europe. Europe cannot disable the Russian military threat because of Nuclear Threat, which means that to disable the Russian military threat, EU must start a nuclear war. So, nope it aren't happening. Second thing, to recover the industrial output that means the value of Euro MUST go down and Europe must cut their benefits to their citizens. There's always a consequence of doing so. Third thing, United State and China will not allow Europe to recover the industrial output they had before. United State needed a weak Europe State and United State rn is desperate in recovering their own industry output to fill their debts. And China will not allow another player to compete in industry in the world stage. Your claims are correct, but the world big player aren't letting that happen.
This is such a weird overly negative view. It's literally saying "Yeah 10 years ago we should've done this, and if we had we'd have more money!" Okay how does that help anyone now? Europe is a pretty great place to live, and if you seriously think the average poor American is seeing the "benefits" of a large economy, you're wrong.
@@LeMerch System in Europe is not sustainable, but US will remain a superpower for long time Although mean Western European's life is more comfortable then US citizen(for now).
@@LeMerchwhat do you think funds the social systems? Let me help you out: the economy. If the economy continues falling very soon the social fabric and benefits will disintegrate too. It is thinking like yours but on a policy level that has made Europe disadvantaged.
Josuko. Do you live in US or Europe? I am in California, am 52 and no college. W that preface my life is rad despite my exclusion from high end jobs here in SF bay Area. I do just fine and would say I am thriving. Not gonna bag on Europe cuz they dont need me to. I do agree that talking in would/ could... Is what losers do. But I will take in a heartbeat ANY American in ANY area vs Enduring ANY thing outside of America. The animosity in Europe of each other was palpable and frankly the time I spent there was almost sad to me. Basically peasants and a few owners. Lotsa words to say I think yer opinion is yers to have but you sound like you may be a fella that doesn't create a paycheck but takes one. Cheers from Santa Cruz
@@LeMerchYou're absolutely right, however the European model isn't sustainable. After 10 years, it will collapse and when it collapsed, the quality of life will not only go down, but go down HARD. It will be worse than US, perhaps as bad as stagnant Argentina. (Argentina is a perfect example because it was at the exact same place as the EU, about 30 years ago). On the other side, The US model isn't great. But it's decent. It's Okay. BUT MOST IMPORTANTLY, it's sustainable. The US can sustain this system and it's super power status for at least another 100 years.
Overregulation in Europe is absurd. Just this week we spent countless hours adjusting our online service to yet another "new" EU regulation. It's scary when you realise how much time small businesses need to spend on compliance etc. instead of developing new products. This environment kills start-ups and innovation
What amazes me is how little we talk about the fact that Europe is not one country, while we try to compare it to China and the USA. While the EU-s burocracy can be problematic, national level burocracy is the main problem. Differing national regulation and laws makes it much more burdensome both for ventures and start-ups to scale up quick & protectionism makes inefficient businesses die much slower. Hopping from state to state in the USA or province to province in China is much quicker as business owners dont have to understand completly different financial and regulatory markets. No wonder why a sucessfull European start-up decides to relocate to the US. It gets access to a 330 million market with high liquidity and it only has to understand one additional regulatory framework. Unfortunately, the current populist wave will only introduce more fragmentation as populist regimes will always be for themselves and not for the whole EU. The second issue is geography. Both China, the USA has large reserves of natural resources and energy sources which makes them more independent. The US also having the added advantage of a relatively low population density which, makes extraction less noticable for the public. If the EU wants to stay competitive it has to 1) further integrate financial markets (much less national regulation, a bit more EU wide if neccessary), 2) diversify its energy dependence, while focusing on high-tech renewable development, 3) increase its common deffence development focusing on hybrid attacks (such as cyber attacks on infrastructure, social media infulence by other regimes) 4) and it has to attract educated talent from all over the world - as policy seems to be ineffective stopping falling birth rates. Having said that it is also important for the EU to not lose its core values, such as a social security system which provides its citizens a happy and healthy life.
We don't need more productivity we need less taxes, France's tax rate is at almost 60%. This is insane, how can you invest any money when more than half of what you produce goes away directly ?
+ in France ,you're taxed a 2nd time when you die (Your taxed on your heritage ,aka the thing you already payed your tax for during your life) ,there's also Petrole/Oil ,on that ,we have a tax ... on a tax . Let's say you have something that cost 1€ ,then you add 2 tax of 20% and 30% ,it would put the final price at 1,50€ ,because the tax only apply to the product ,not to another tax ,but on Petrole/Oil ,there is a tax ,which also take into account the price you have after all the other tax have been taken into account (I believe there are like more than 8 tax on Petrole/Oil) ,a tax that is cumulative ,so your 1€ get 1,20€ ,then add the 30% tax ,and you get 1,56€ instead of 1,50€
U$: How to be a business man Step 1: create a problem (pipeline damage) Step 2: solve it (LNG 4X price) Then customers will treat you as their savior. Step 3: Wait for companies to go bankrupt. Step 4: Use the profit make from LNG to purchase these companies. = zero$purchase.
You know, denial ain't just a river in Egypt. Europe has been cut off from affordable energy resources. THAT is the main reason. You NEED energy to produce things and if you have to buy expensive energy, you can't compete. It is as simple as that.
Game plan: deregulate, cut taxes, build nuclear power plants, go English, encourage family formation, require longer work weeks, push retirement age back, change risk culture (need VC)... this shouldn't be hard at all, right? /sarcasm
cut taxes? go English? longer working weeks? encourage family formation. Obviously you don't have a family! The old and the young are the main beneficiaries of social and health taxes. Women are the backbone of part time work - to cater to family commitments.
So, what your saying is Europe has to become America 🤣 Most euros I know would rather die on their 35 hour work week and 2 months of paid vacation then become another USA
I agree with the deregulation of rules and laws affecting startup companies, I also agree with the fact that we must bring VC kapital into Europe, but less taxes and remove workers protections like pension/retirement age or force a increase in work week beyond 37 hours a week is not going to make anyone more productive and just make people feel less happy.
This article completely ignores two of the largest factors causing the problem: the failure of islamic immigrants to integrate which has lowered GDP per capita and caused massive social problems, and the astronomical amount of corruption among in EU governance.
Always blaming the Muslims, this is about Europe total economic output, immigrants help the output output and is why America is so powerful, Europe needs more immigration, not less, or it will get left behind on the global stage
"If you'd take the value of the 5 biggest companies, it would be the 3rd GDP". How does that event make sense lol. GDP is how much is produced in a year (roughly) while market cap is the traded value of the business. Such a twisted comparison to try to make your point..
You must compare this with the size of debt. US and China has serious debt driven economy. And EU has a goal to lift the poorest countrys. They have had success in Spain,Greece, Ireland,Poland etc. Much is left to do but I think Europe is coming.
Nearly every indicator or metric in Europe is headed in the wrong direction. But sure, it's fine... Everything is working and everything will be great.
It gives me immense joy to see nations who thought they were winning by fair competition when in fact they were just beneficiaries of post imperialism inertia. Now that Europe has to start working, people are blaming everything but themselves
Blaming China for “overcapacity” and “overproduction” while relying on Chinese export and production for the last 30-40 years will never not be funny to me
@@seaniwuBrought to you by the same people who increased their dependence on Russian natural gas after the Russians invaded Ukraine in 2014 and shut down their nuclear reactors.
Russia is the only country that has enough natural gas to supply Europe, it’s that simple. And we were getting for pennies. Now that we are buying it through intermediaries what exactly did we gain, zero.
Europeans work 8 hour shifts, 1 hour of that is on lunch, they finish work and they don't think about overtime since they live with their parents even in their 30s. They treat work like elementary school, a few hours a day and weekenda off. 😂
You know this is why? Europe had the best ‘’workers,working styles’’ during the 1500s-1600s.The reason why european people don’t tend to work 10 hours+ is all about the relaxish life styles,as because of the culture itself too,yet the american style always need to raise itself,as they always are considered
I think regulation for big companies is not a bad thing but this regulations for start ups is killing them and making it more difficult for new companies to emerge in Europe.
That and venture capital.
They also don’t apply these regulations to companies that export into the EU, so you’re ham stinging yourselves.
Americans call this type of start-up killing "regulatory capture", it's a useful concept.
I think the lack of investment is a much worse problem. Europe actually has a significantly more fragmented corporate scene, in fact the same economists talking about 'missing trillions' are usually also calling for allowing more mergers and larger corporations. Most EU directives have exemptions for smaller companies anyways.
I believe that blaiming regulation is a bad excuse. Regulation on digitalization was not even contemplated when Meta, Microsoft and Anazon were created.
What baffles me is, we produce the worlds best micro-chip machines and yet use hardly any of them ourselves. We don't invest enough in new industries it's a little sad. I think we are stuck in the mindset of; why make it when you can purchase it abroad.
may not be 100% correct, but you can look at the microchip machine's history. The best micro-chip machine makers were Japanese and at that time ASML was nobody. How ASML catch up? you should ask the American government.
Because we can’t afford the things we produce (allegedly, somehow there are billions spent for other matters, I won’t elaborate). We can’t even afford the top tier trains that Siemens builds for other countries
@@stanleyzhang8154 the Americans or the Dutch?
Making the machine requires a few high tech employees and a little energy.
Running the machines require lots of energy. EU is not energy cheap - US & China are due to their more 'relaxed' environmental laws.
@@stanleyzhang8154That doesn’t really impact this conversation. Yes the US holds the patent for EUV technology, which is integral to ASML’s cutting edge machines… but it’s not like the US is blocking them from selling EUV to Germany or Sweden for instance, the problem is that those countries don’t have companies that would use one in the first place
Europe has a bureaucracy problem. Regulations can be fine, don't share private data, dont overly pollute environment. However the bureaucracy of enforcement absolutely strangles any business preventing growth.
It is 95% Ukraine!
All it's part of their arrogance. They think because they are Europe, they didn't need to change anything or innovate
@@HuyNguyen-yh6vcI agree. That's a big countributor of Europe's collapse
@@HuyNguyen-yh6vc of course not.
@@HuyNguyen-yh6vc europes been behind since 2000 if not earlier
The EU is killing everything with overregulation. I own two small businesses, and it’s not easy. Taxation is high, and everything is slow and painful. Bigger companies still have some power to compete, but smaller ones are deeply struggling. The saddest part of all this isn’t just the taxes, bureaucracy, or lack of digitalization-it’s the people who willingly accept this nonsense every day. No one sees the problem. It’s mind-blowing.
Now you can understand the reason and smart decision it was for the British to leave the EU. The EU is run by a bunch of bureaucrats who get richer by the hour for complicit regulations that they create. Just look at all the times they have sued American companies over BS issues for billions of Euros.
it is called socialism put in place by naive bleeding heart attitude politicians
Most Euros would rather criticize the US 4,000 miles away than talk about their own problems.
@@WillieFungoFunny thing is Americans dont think about Europe at all lol
We are working on that.
But we do have amazing startups, unfortunately they leave for the USA because of Europe's malignant bureaucracy.
For some reason we also refuse to incorporate English as a mandatory second language for business
Not many people know this: English is easy to learn because it is easy, or because it is simplified? Due to it used everywhere in the world as non-native language, the grammar and tolelerance must be great to accommodate different people with different background. So English must be simplified UNINTENTIONALLY overtime. When you as a writer want to approach the WORLD audience, you'd be better to write simplified English.
This is not true with German. Just 83 million Germans. Even in Austria and Swizerland, people talk a different language (not German). As an isolated place (just Germany), the German native speakers have no incentive to simplify it (it's just their OWN bubble, their own "thing").
Im not interested in 'keeping pace' with the US.
I dont care if someone is richer than me.
Im fine.
@@oceanwave4502 Idk bro, im Austrian, im pretty sure i speak Hochdeutsch. And honestly idk whats ur yapping with simplified english, what are you on about?
@@oceanwave4502I would argue French or Italian are far far easier to learn and speak than English. And more beautiful as well, not to mention that they are both European
@@oceanwave4502 There's a reason why English still remains the most important international language. If U.S. economy looked like Germany or France people would rather learn French and German than English
Please look at energy prices in the EU compared to China and the US
They are sky high
varies highly. somewhere dirt cheap. somewhere expensive like Germany that destroyed its nuclear power.
Exactly the idiots in the US want us to "be like Europe" paying 2-3x for the same electricity
If the energy price in EU is 4 times higher than Europeans must be 4 times smarter than Chinese/Americans. For example, EU people can invent machines that travel across universe at near lighting speed, or across time. Then even if they decide to work 1-day workweek, their GDP will be still higher than that of China/America.
Somehow Korea and japan with no energy in state. Pay cheaper gas prices than Europe. Hey Europe stop taxing everything to death.
The war with Ukraine did not help either@@Redmanticore
Try to do something with IT in Europe, 20+ languages and rules that favor locals. Of course they cant scale quickly
Right, blame the languages, EU is doing everything right
Unlike the USA or China we aren’t a economically homogeneous country, france will not give advantage to a German company and vice versa, we dislike monopolies in Europe so our tech companies are “specialized” in a sector instead, multiple language, lots of small countries that makes expanding difficult or limited to neighboring countries with similar cultures, local regulations,tax laws ect.
L
Europe figures out rules and regulations then make it, in America they make it then figure out the rules and many years later regulate
@@holdmybeer123language is definitely an issue. EU needs a common language
@@uhohhotdog Agreed. In fact I'll go a few steps further, Europe needs a common army, government, shared border, common debt and of course a common language. That is the only way forward. What do you think?
Easy peasy. The formula for data centers is cheap energy, available land, access to rivers and infrastructure. European IT-developers are not worse than american ones, european scientists are not worse than american and chinese ones. On top of that all we got from the EU is more regulation, paper straws and no market integration, which was the main reason for the EUs existence. Big corporations on the european continent are old archaic constructs married to politicians that ensure no new players will ever enter an existing market. Old families hold old money and rather invest it in champaign bottles than into the future of europe. The EU burocratic machine pumps out regulation after regulation where only the big corporations can keep up, and new startups and challangers will simply go under a tsunami of sensless and worthless burocracy. This year alone over 60'000 !!!! new regulations were made 3x more than the US for something that isn't even a single market. In the EU we only have poeple sitting there that know how to regulate so they keep on regulation day and night to justify their existence in this cancerous system.
I agree to a 100%. Thank you. That was refreshing to read.
Europe faces a systemic issue as it lacks tech companies driving innovation, with leaders in technology, space, and electric vehicles mainly coming from the U.S., China, or Asia. This dependence weakens the continent, hampers growth, and exacerbates debt problems it cannot effectively tackle.
and relaxed working culture....
This happens then you let the whole world being Controlled by the united states of Israel who just want to create one world order and one currency the dollar just boycott the dollar and don’t buy american products!
Sweden is a leading innovator, we need to follow the Swedish model, we don't need to be like the US or China, we can follow our own path, but that means less regulation and less/smarter taxation.
War
It lacks the companies because it lacks the funding. EU startups move to the US.
You forgot about another important factor: ENERGY PRICES.
Energy is becoming more costly and it's not affordable to produce things in many parts of Europe anymore, while at the same time energy prices keep rising even more, partially because of not being a "green energy".
It’s not just that - the euros are just too comfortable. The lack the drive and the hustle to do better. I was at meetings for Corus (steel) when it was in trouble and what struck me was that the company back then was going to go under, but the guys there instead of staying after 4, were more concerned about making it home on time than their employer going bust!!!
Europe will be getting cheap energy from America and Argentina starting in late 2025.
NATO WANTED WAR WITH RUSSIA WELL YOU GOT WHAT YOU WANTED TO FUND UKRAINE EVERY MONTH AND RISING OIL PRICE AND INFLATION.
What happened to NordStream Pipelines?
Europe can no longer prop up their economy with stolen goods and resources from Africa.
comparing the market cap of apple and google with the gdp of a nation is mindblowing
Wages are completely obliterated by inflation and the work force is shrinking due to aging population. The result shouldnt be surprising
that`s not the only problem BUT the companies could not grow could not reinvent themselves EU is not working as a whole Brussels does not have any power to change countries trajectories fundamentally europeans choosed NOT to be a country which => in fractures and companies can`t expand cant grow and progress eventually leads to lack of innovation and finally bankruptcy EU no longer has even 5 companies in top 100
The work force is shrinking thanks to socialism. Why working if you get the same for not working?
The work force is shrinking cause the youth just want to be influencers and not put in the extra effort. They always have their hands out. The younger generation are lazy 😊
@@intuitivediane Thats the classic boomer narrative and plain false - at least in germany. If we look at the actual number, you can see that the german folks in employable age are currently working more working hours per week as anytime before in the last 50 years
@@intuitivedianenah, the ppl who become influencers are the type that wasn’t going to work anyway, they are just born rich and they can afford to play games all day
When the workforce in high tech is payed the same as bus driver you get the EU economy.
europe´s unionized bus drivers keep winning
@@piromanaBG hm. Which of the two jobs benefit the common citizen more I wonder.
Sounds like Cuba 😂😂😂
@@broti705 Benefits are not considered when considering pay. Its economic value added that is considered when considering the fact about pay.
@@PentangleYT Would be nice if that was so, but usually it has more to do with the power relationship between employer and employed. If we were going off of value added, turning a bus that stands around into a bus that transports people where they want to (and need to) be certainly adds a lot of value to the overall value and functioning of a society.
Try to fabricate a car, an elevator or even a pressure vessel in the EU, and you'll have to hire Norm experts, pay certifications and inspections for every little process, while facing high salaries for many arrogant and lazy people, high taxes, and high energy costs. That is Europe's metalurgic industry at the moment.
There are no lazy workers. Only bad managers.
Not true, there are indeed lazy workers. Just go to any government office and you'll see.
@@IvanPetrov-k2k i think there are both actulaly
you have to meet the same regulations if you import valves from China. It's not about requirements, but about the prices of materials, energy and margins for intermediaries.
This video completely ignores one vital thing of the USA economy: USA debt.
In 2014 the EU had a 87% debt to gdp ratio and the USA 102%
In 2024 the EU has a 81% debt to gdp ratio and the USA 122%.
We can’t expect the EU to grow as fast as a country who is using debt to boost its economy while being in austerity
Most of U.S. debt is social security, medicare and military spending. If the EU countries actually paid their required share into NATO, the U.S. could drop a point or two of debt-to-GDP while EU would raise a point or two. Not to mention many U.S. products tariffed when being sold into EU, while EU products do not face that while selling into America. This gives the EU extra tax money.
The main issue is companies. American companies are simply way outpacing EU companies. This allows more jobs, tax revenue, etc. Yes, America spends more on debt but it can maintain it...until now. Once Trump cuts spending and uses tariffs, you'll see the U.S. and EU numbers start to come closer.
US debt is largely owed to itself my guy not foreigners 😂
italy has 140% debt to gdp ratio
france has 120% debt to gdp ratio
spain has 110% debt to gdp ratio. Nice try european keep coping
eastern european countries like poland and romania drive that 81% down.
italy has 140% debt to gdp ratio
france has 120% debt to gdp ratio
spain has 110% debt to gdp ratio. Nice try european keep coping
eastern european countries like poland and romania drive that 81% down.
@@salvatoreregalbuto5444 You are A) shifting the conversation to individual EU members when we are talking about the EU economy as a whole which makes as much sense as dirgarding the USA tech edge by saying "it's just California" and B) completely missing my point by pointing out the current debt and not how it evolved in recent years.
Also you have the most Sicilian name ever don't pretend like you aren't European yourself. I have literally been to Regalbuto.
Oh dear gas prices rise 300% let's pretend it hasn't....
Because the US blew up Nordstream and put as to war with Russia.
I am a tech worker from Europe, worked in many places around the world. In my experience, Europe has the best engineering teams (yes, including the US) and no shortage of startups and ideas. But none of that seems to go anywhere. Part of it is lack of VC funding. But I think it's also a self-reinforcing culture. Startups fizzle out, so the best employees avoid them. Therefore startups fizzle out.
Best engineering teams 😂 look at the research papers coming out of US universities and compare them to European universities in tech.
@@JT_ytspawn Found the American.
@@JT_ytspawn Maybe NASA could send some science and research crafts into space. Just to catch up with the ESA, hm? Instead of blowing money left and right.
We love your JWST but keep in mind it will be surpassed with the two coming to service huge telescopes made by ESO.
@@HanSolo__ **Scope and Size**: NASA has a larger budget and scope compared to ESA, allowing for a broader range of missions and extensive human spaceflight capabilities.
- **Focus Areas**: NASA emphasizes deep space exploration, planetary science, and human spaceflight, while ESA has a strong focus on satellite technology, Earth observation, and international collaboration.
@@JT_ytspawn "NASA has a larger budget and scope compared to ESA"
And? What does that matter when the only thing they're experts at, is to waste money?
The only reason USA has a functional spaceflight capability today is by relying on private corporations, which in turn only exists and works today as they do, thanks to buying up a lot of old Soviet spacetech in the 90s and 00s.
"Best engineering teams"
Better than USA on average, easily yes.
"look at the research papers coming out of US universities and compare them to European universities in tech."
Uh-huh, and WHO writes those papers? Generally not the natives of USA. 1/4 are Europeans, another 1/4 are Chinese.
The euro cannot be maintained without a robust European industry, and that’s the core issue.
The biggest lie the US is constantly telling the world that world can‘t live with US while the whole world can live better and rise without US because who has built up US through hard work up the germans who are now living in US, they need to distance themselves from US because US will be nobody without them!
Whole world needs to boycott dollar!
@@sophieblau845 🇺🇸 🦅 deal with it!
@@sophieblau845 U.S. dollar isn't your problem, the Euro is stronger. The issue is Europeans are more concerned about leaser, early retirement and social welfare programs.
The Euro shouldn't be maintained over it's natural value that's damaging to the economy
Cash is king! In the Netherlands they are pushing HARD to get rid of cash.
Payments in cash above 3000 euros are now illegal.
The problem is fundementally that technology often disrupts existing industries, like Uber. Recall the European response to it was to cancel it or regulate it. But not to create it. Industries are created from culture and Europe has a cultural problem with IT.
Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it
Not to mention European governments openly wanting censorship on social media. This prevents the population from being able to communicate and share contrasting political ideas.
This. China just creates their own copy and it grows
As far as I know, Europe don't have its own social media. 😂
Uber disruptive industry 😂😂😂😂. Does Uber produce anti gravitational cars? I cannot recall.
"EU Economy is in tatters. In Tatters I tell you. IN TATTERS!" --- Ursula
What? Could you repeat that?
The EU is behind to some degree, but it's kinda funny that every year for the past 15 years there's been an article about how Europe is about to collapse and promptly every year nothing happens. Also, it's very strange to bunch together the USA and China because if the metric is nominal bigness of econometrics, the real GDP of Europe is still leagues ahead of China, which is still very poor (by those metrics).
@@Blaze6108 Actually, no. In nominal, they're roughly equal but, by PPP, China is higher. Obviously, it has 4x the population. But you're not wrong; that exact thought is applied to China as well.
I see what you did there😂😂😂
Find a doctor.
The consequence of expensive energy is poverty!
5:33 why’s bloomberg of all publications conflating market capitalisations with GDP? for all their impressive market cap figures, their profits would be a better proxy for GDP (assuming all of profits emanate from value addition which’s pushing the envelope) and assuming an average PE of 25, the 8 trillion figure shrinks to 320 billion. Or on the other hand, if you’re to compare market caps, 61 trillion for the US equities compared to 56 trillion for the euronext
According to Eurostat, the EU publicly traded companies total market cap is 9 trillion. The US is 50 trillion. With much less population.
@@danielrojas399 Would be better to compare turnovers and profits. And in Europe larger proportion of services is produced/controlled by the government which explains some of this - and efficiently too. This is also comparing publicly traded companies and lacking other companies. Wouldn't pay much attention to this figure let alone any other single indicator.
@@McSlobo The facts speak for themselves. The economy in Europe has been stagnant the last ten years, basically we lost a decade. There hasn’t been any growth, any increase in wages and instead only losses to purchasing power. On the other hand, the Americans have multiplied their purchasing power and the American economy has tripled. I had to move from Spain to Switzerland because the EU economy is terrible. Switzerland is like an economic island in the heart of Europe where people can actually afford stuff. In Switzerland there’s people from all over the EU working here for the same reason. Economy.
There are some pretty big underlying issues:
1. Brain drain. While the number of Europeans moving to the US is relatively low, the individuals moving are often the very best and brightest on the planet. This is partly a zero-sum game I think - there can only be one America, only one San Francisco, only one New York. America is the economic and tech superpower and that's not going to change, so we shouldn't try to compete with them, we have to find another niche.
2. Languages. Regardless of the EU, we can never fully get over the fact that most people don't speak a useful foreign language fluently, although in younger generations educated people are increasingly likely to speak English. We need to invest more in that - Europe had a lingua franca once in Latin, now the lingua franca is English and it's time that was widely accepted in France and Spain, as much as it is in the Netherlands and Sweden.
3. Infrastructure. The USA has terrible infrastructure but it can get away with it, because it has very favourable geography - a huge flat area in the eastern half facing Europe, and another coastal area directly facing Asia. It has no major mountain ranges and friendly neighbours. Europe can overcome this barrier to a certain extant, especially in these days of digital infrastructure being equally as important as physical. But more continent-scale investment is needed.
Regulations and taxes are obviously part of the problem too, but I think the first thing to do is streamline and simplify them rather than cutting them completely, because we don't want to sacrifice the higher quality of life we enjoy in much of Europe as that then defeats the purpose of having a larger economy.
The problem is our mentality. I moved from a European country X to another European country Y. I wanted to do some innovation, but got bullied and shown my place. Instead, I saw people with dubious qualifications rise up in company hierarchy. A guy who never wrote a line if code, but got to lead a software team. Multiply my case by 10,000, and you get the picture.
We have to make it possible for people to create and to build things that benefit people and that create jobs. Food should be regulated, because it's serious stuff and benefits people. But if let's say a company wants to create something useful, we can't make it impossible to do it. And we have a huge immigration, depopulation and inflation problem. We should immediately remove sanctions from russia, apologize and start buying energy from them (instead of buying it at 2x the price from USA), and at the same time heavily invest in solar energy in EU. Bills have to go down, if we want people to make kids we gotta give people an economy that makes them feel confident in the future. I think today nobody is confident in the future in EU
Us infrastructure is only bad when compared to Europe compared to anywhere else it's above avg
Cultural difference. Europe has long benefited from it's early industrialization, when you look around nobody is working or wanting to start businesses. Compare that to America or China.
So much regulations, it's becoming crazy. Everything requires permits
Europe is overloaded with expensive governments. They should be reduced by 80% to Asian government sizes. Governments themselves in Europe are the problem.
does its competitors like china have less regulations?
If EU could not turn it around during their best time (2000-2019), what makes them think they can just do it right now amid the PERFECT storm?
@patrickgz It's true that china has less regulation then 🇪🇺 or 🇺🇸 . But it's nothing envy. I recommend you google China's Milk Scandal. Or listen to what joe rogan have to say about regulation
@@patrickgz YES.
Europe is a great place for old people.
Excess taxes have damaged generations and it's only getting worse.
We have a lot of problems here in Germany that people will face. Many people are still not aware of this. Ultimately, there has to be something the country can sell in order to then be able to buy things again. The middle class, the automobile and steel industries and the chemical industry were the guarantee for the German economy. All of these guarantors are currently having major problems. The only thing left is agriculture, but that too is being systematically destroyed by ever-increasing regulations. Added to the whole dilemma are increasing expenses due to many pensioners who will soon be retiring. If Germany falls, it will have a dramatic impact on all of Europe. I can only recommend that everyone make personal preparations, network regionally and grow as much as possible themselves. The more people do this the better. Also to be able to help others who cannot. Let's hope for the best.
@Selbstversorger-Kanal re open nuclear
@Selbstversorger-Kanal also gut brod video
"hope for the best" that's the most European thing I've ever heard.
"If Germany falls"
Already a fact.
"I can only recommend that everyone make personal preparations, network regionally and grow as much as possible themselves. The more people do this the better. Also to be able to help others who cannot. Let's hope for the best."
+1.
After seeing USA deliberately destroying the European economy, i can still hope for the best, but i have absolutely no greater expectations.
@DIREWOLFx75 are you saying EU is helpless in protecting it's economy or just surrendered ?
1 in 5 people in Europe is 65 or older today in just 10 years it will be 1 in 4. You can't grow an economy with that many unproductive retirees.
We shoud import unproductive immigrants
Surely that will solve the issue
research "average age/demographic of new car buyer"
Right, when economists talk about the “demographic collapse” they mean that of young, skilled, and mobile workers. The senior surge only makes it worse because their dominance in politics just prioritizes funding retiree benefits often at the cost of support for the youth and young families.
@@doujinflip Total population will still decrease but the percentage of the remaining population will still be getting older.
That's the other big problem.
Why western countries need migrants to grow.
Places like Japan and South Korea may need to follow suit if they want to survive.
When u know u already lost EV industry, don’t focus on competition or tariffs, instead, seek cooperation for survival. To go against the flow is expensive n suicidal.
none of the decision makers are smart enough to see other alternative solution, unfortunately.
Hybrid is the way, not EV at the moment.
@ yes
The problem is that EU countries are still functioning on self interest instead of full cooperation.
EVs are niche product.
germany cant even build an airport
Why ?
it makes no sense to compare country gdp to valuation… pet peeve but there are other ways to illustrate the point
If you want to look at value creation on a population adjusted basis you can look at GDP per capita, which tells you how much value is created per person in any given area, so it reflects productivity (ideally)
Yeah that kinda throws this whole video into doubt, as sensationalist nonsense
And if comparing they should’ve subtracted the Tech companies from the overall US economy.
@@jonathanandrew2909why they are 70 percent of the reason usa has lapped europe
As an American who loves Europe, I’m rooting for you guys 💙
it's honestly not that bad as this video makes it seem to be.
Great education system, great and safe food. Great healthcare system.
We innovate where we want and then we take a break from work and enjoy life.
For them "the workers missed out on trillions", but we are happy and that's what matters.
Well, you are mostly Europeans anyways 😂
Europe is a museum
Rude
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Nice. Try to drop this museum from your list of markets to sell stuff. Or try to write off the Europe from the NATO. Try to say to the Chinese that they will not get stuff from the EU and that their European market is closed. The EU will move on. The global corporations will do what? Cry?
@@HanSolo__全球市场会转向全球南方😂欧洲人才4亿，跟中国沿海人口差不多。广东省1亿，山东省1亿，河南省1亿。
That museum will eventually realise that is being manipulated by the US and start allying with China 😂😂.
No cheap Russian gas for a year and everything collapses
And EU still tries to convince themselves that those 'renewables' can work.
No cheap russian gas in EU means high prices for russian fertilisers, metals etc. 😂
I think I missed the part where the EU collapsed?
Renewables a long term investment and will eventually help the EU. Gas and oil is not infinite
You realize they replaced the Russian Gas with American gas right? Renewables aren't the problem.....
Comparing market cap with gdp is nonsensical
A study by the Kaiser Family Foundation shows that about 41% of adults in the U.S. struggle to pay their medical bills, which amounts to approximately 100 million people. But as long as stock prices keep climbing, it creates the illusion of a thriving U.S. economy, while the struggles of millions are ignored.
exactly, the US economy is almost the double of EU economy but why so many Americans choose to live in EU then? The US economy is booming thanks to tech giant but average US citizen doesn't see one penny from this. It's just the 0,1% bank account booming.
@@jonni235 Look how low median wealth is in the US. It's the same amount as in Spain (112k and 111k, just tells you everything.
@@dundergud9341 coping on every thread I see 😂
EU needs people! And technology not Luis Vuitton or Parmesan cheese!
😂😂
Importing 10 million unskilled men from MENA won't turn the nursing home continent into Sillicon Valley, agent
Shouldn't be comparing company valuation with country's GDP. GDP is wealth that's generated every year, whereas valuation falls when stock prices fall.
Dont worry EU.............your leaders will still be living lavish lifestyles........no matter how much youre suffering
We're not suffering though. Living standards are way better that in the US, despite a weaker economy
Nice projection. USA just lost a CEO because normal people in the US are being treated like cattle
My colleague works for Amazon in Europe and gets paid unemployment, is covered by healthcare and is under no stress. We are fine here, worry about yourselves
the majority of real rich don't live in lavish lifestyles, they live very comfortably true. That's becuase they don't care that much about "living lavishly". If you only dreamed to be living lavishly, that's the reason you don't ever get rich.
Ah yes, the great suffering and famines that are ongoing in France, Denmark, Germany, Poland and Belgium.
every empire has it's time. the middle east had theirs, europe had theirs, the us is having theirs.
The us is not an empire. The middle east particularly The UAE and Saudi are growing so fast. Investment and now the world cup going there. Don't say they had their time. They are living it.
@@suze4903 I'm about to yap. The US is not an empire by standard definitions. They have control and influence over much of the world that empire such as the British had with the difference of not conquering or colonizing said lands, though that is being challenged by other countries now. Much of the middle east has it's own problems and in the case of countries like the UAE and Saudi, much of their wealth comes from a depleting resource the world will eventually have to move away from. Although they are diversifying their economies they have their own problems such as population decline (only 11% of the UAE population is actual emiratis most are immigrants) I also wouldn't determine investment flow from the world cup due to it generating very little profit for the country despite it's popularity. What I said in my comment is just a trend in world powers there could be a country that can come along and change it though that doesn't look that way right now.
The US is over, an extremely declining power.
China and India had empires too and they are still growing the problem is europe will find all the excuses instead of working correctly
@@suze4903 When referencing UAE and Saudi understand its a single family living it up, not a nation of people.....
Why did Germany let the American navy distory its gas pipeline?
What would they do ?
@ Biden de facto attacked your country , To be a enemy of America is dangerous to be friend is fatal ,
“ Kissinger “
@@JT_ytspawn yeah are they even capable
This is the cost of being a US vassal....it NEVER ends well. Although in Europe's case it's beautifully ironic and poetic. They already got soooooo so so sososo much blood money, they're fine.
the established power holders in Europe, the property owners, do not want to give up their power to a new generation of growth.
Unfortunately in the real world you can either build wealth or you can have it easy. You can have a little of both but maximizing one reduces the other.
But many Europeans think they can have 35 hour work weeks, 2 months paid vacation, and lavish welfare states and still build wealth on par with the US. It's just not going to happen no matter how much wishful thinking.
Combine these bureaucratic and regulatory hurdles with high energy costs, demographic collapse, and security threats from Russia and elsewhere, and Europe has dark clouds on the horizon.
If the US cannot get its own house in order it will be right behind Europe, the US spending and sovereign debt is nearing critical levels.
Europes debt burden and aging crisis will make things even worse in the future.
Comparing market capitalization of companies with the GDP of a country doesn't really make sense...
Especially when the magnificent 7 is about 1/3 of the US market cap. 😅
compare life expectancy. they chose life over money
Bureaucracy, high taxes, high energy costs, lots of regulation, combined with politicians who don't try to solve those problems, but are making it constantly worse. Also a large portion of the politicians only follow their modern identitiy politics, without seeing what people actually want and need and without being able to fight for their nations and europes interests and values. They think they're saving the world, but they aren't even capable of saving their own neighbourhood.
I remember reading an article that compared entrepreneurship between the USA and Europe. One of the metrics they used to show the disparity was the number of new companies being created. The USA has almost 3 times the number of startups per year and in the USA it takes an average of 20 days to open a new company while in the EU it takes 87 days. Bureaucracy and consequently taxes, seems to take a heavy toll on European companies and dampens the drive for new ones. People forget that Elon Musk for example is not American but he came to America to start his companies for a reason.
but in the US they have slavery, many American work 80 hours per day to pay rent bills and healthcare. I don't know anyone in Europe that work 2 jobs probably only in Switzerland that is rich but also expensive. I'd rather being average in the EU than being rich in the US.
@@jonni235This is cope from someone that can’t simply check statistics, because The median hours worked in the US per week is lower than most EU countries and similar to Norway and Germany, only netherlands has a decent difference lower than the US, well lowest in the world. By the way switzerland has a far better economy for average workers there than other EU countries.
Elon Musk also had daddy's apartheid money.
The comparison of the 5 US companies values to GDP is a terrible and misleading comparison. Revenue would be a fitting analogy not market cap.
Not even that. Profit, maybe (value added)
Exactly it's a gdp Propoganda if include the 36 trillion debt it looks even worse
also these companies values is because of stock markets, it's virtual money that money doesn't exist, if you remove 100 billions from one of these companies the stock falls. It's the same of Bitcoin it worth 2 trillion dollar, remove the 20% and most of the crypto will collapse.
@@jonni235 how do you "remove" money from a company?!
@@JosGeerink I think revenue is closer
Oh its not missing, it just landed in the hands of the corrupt earners.
The fact we considered EU a write-off and non-relevant in long term corporate strategy back in 2010-2012 shows...
Energy prices have gone through the roof.
what would the comparison look like if we took out the us governments 35 trillion deficit spending?
36 trillion debt now everyone is afraid to say it
You don’t understand US debt clearly. 70% of it is owed to Americans the other 30 foreigners but it’s mostly Japan, China and UK
@azulaquaza4916 ok but why they pay more than 1 trillion a year on interest???
@@azulaquaza4916it's still an unsustainable problem. The spending has to slow down or else, and what happens when you shut off all that stimulating government money
Market cap is not same as GDP, Net Profit or at least, Yearly Revenue of the companies can be a better indicator for comparasion
Almost no one wants to start new businesses because doing so handicaps you! My dad started a business, and he was treated like a criminal by the tax authorities in France! They don’t believe your numbers and try to punish you every month. Plus, they don’t give you the same protections as if you were working for someone else,...less aid, less unemployment, and less retirement. But at the same time, they want more money from you. So, he gave up and ended up getting minimum wage job and aids!, now he earns more.
Fun fact; US and Europe measures GDP differently. US include non-productive fiscal parameters artificially bloating GDP making the economy look better than it really is.
Really ? How many US inventions/products do you use in your daily life ? Now compare how much EU product is used in the USA by the daily consumer.
@@JT_ytspawn linux runs your entire internet infrastructure. your internet would be real fun without openSSL.
Apparently not everyone think it's a fun fact. Another fun fact; Most US inventions is actually invented by foreigners or immigrants if you will..
@@Perspectiveon again that's because of the ecosystem that has successfully been created. Elon musk is a us citizen. But would never be successful in the EU perhaps, don't you think so ?.
Overregulation and excessive taxation is horrible for small companies here in Spain, it's heroic to run a business.
economy does not equal living standards. It's very silly, the us economy is growing but are living standards increasing? NOPE.
it would have taken you less than 5 minutes to research the actual numbers and answer your own question.
really bad for information, i.e. talking about the US focussing on solar early, which in germany had been doubling down on in 2000, and then later just dropped the ball due to a more conservative government.
the problem wasn't regulations or anything like that but insufficient execution and dedication, bad coordination (hybrid solar, geothermal all lack in execution)
if you don't name that, you point at the wrong issues.
Not to be that guy but @5:33 it might be unfair to compare the GDP *per year* of countries with the *total market cap* of companies. Instead, perhaps it should be compared with the annual revenue of these companies?
Please correct me if I'm wrong in my thinking 😅
This company doesn't care how many people suffer. Yet you subscribed and gave your views
But we have so many doctors and engineer's 😂😂😂😂😂😂
5:30 That is the market cap not the GDP per year. The GDP would be something like 800billion dolars
Less, closer to €350×10⁹.
My part-time 🚴 tour guide was doing his PhD, in his mid 30s, never had a real full time job and never will take one. Europe has a well educated population that are not contributing to the economy. In the US 14 years old kids already started working in summers for their pockets $$.
What a BS. All over Europe kids of 14 are doing exactly the same.
@ if you do the same things but different outcomes then something is broken somewhere.
GDP is not the best metric. Yes it reflects economy but imperfectly. Not realistic but let assume we snap fingers and all prices, salary… are multiplied by 1.5 in EU, then gdp would be 50% more but won’t change a thing to your life. I live in the US but I’m European and I know for sure that quality of life for median people is better in EU but it seems online that Americans mostly think themselves like if they are members of the 1% club (which in that case make sense, US is very favorable to rich people)
@@alexcastvix8823 GDP doesn’t tell the whole story now and you couldn’t tell much difference now but it will be telling in 10-15 years time. The state supported quality of lives in Europe won’t last very long before something’s got to give. Mario Draghi confirmed as much.
@@SoYappy I agree some changes need to be done in the social policies that might become hard to sustain (I am mostly to retirement policies due to an important decrease of workers/elderly ratio). But for the rest, I think most of the things contributing to EU quality of life are quite sustainable. Healthcare by being mostly public sector have lower cost, public sector prevent greedy corporations to make majors profits in place where « clients » have no choice/ are desperate (only US are scammed at that point by private insurers, labs…). Rents didn’t skyrocket as much as those in the US (even finance bros have roommates in NYC while many people can live by themselves in major EU capitals )…
Poor Europeans being manipulated by US like puppets
We actively work against business startups, here in Norway we have a 1% wealth asset tax, this is insane, we are taxing ourselves to death.
Never understood why nations literally have to purchase their security from third party for-profit entities.
EU has been drowned in tariffs, ESG requirements, and expensive useless burocracies. None of this is by chance, all by design.
Europe does not have a venture capitalist class. They have governments that invest here, or invest there. This is slow, bulky and risk adverse. One Peter
Thiel knows and can do more to support startups than all EU bureaucrats put together. But the EU has no idea how to democratize anything because they are a big bureaucracy and they act like any bureaucracy would. « We will solve this problem » says the EU bureaucracy. They are exactly the people who should not do it.
China also doesn’t have a venture capital class and their govt along with their govt companies lead everywhere.
I pray trump actually deliver on his tariff promise to the EU 😂😂 i need EU countries to become independent
@@BrokenSoldier1515that is not true there is a lot of capital available here and many VCs a lot from the USA. Maybe now with some geopolitics investments are for some foreigners restricted but China is way more pro business than the EU
Exactly. The US human capital is undoubtedly second to none in the world. The 2024 Election proved the strength of populist Centrist. Not too left. Not too right.
Right. It is just corrupted system. Totally. But worse than Japan and China already have.
China speaks in one state overall and in one languages, likewise America. Eu multiple languages, multiple states and multiple red tape. What do you expect even if we have the brightest minds all of our minds just fly away eventually.
That's just not true. Alot of European bright minds flee away for 10-20 years, work in high stress high pay jobs, and return to Europe, with more experience for less salary, because life is in many regards still better.
Immigration is heavily challenging that better easier life. Still, many european universties get profs that teach and do research at a high level with plenty of experience for cheap, because they already made their money.
Justin: diversity is our strength
More regulation, more bureaucracy, more ideology
This is what less work more vacation does to a country.
I think the problem isn't the lack of investment, that is a symptom of the underlying problem. Technological innovation is a race, winner takes all. European regulators put too many drags on scaling up innovations in Europe so European startups lose the race. We need a change of mindset to allow startups to move quickly and break things.
Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it
EU gave up their own industries, their own foreign policies, trade policies and their own independent thinking to pleased their overlords in Washington. What else can they expect!!🙄
Where are these Chinese trolls come from ? Is the government supplying VPNs?
@@aleh3627 That’s true,When will the EU be able to become independent?
@@lu111eric I think they need to first try to disable the Russian military threat and then try to recover the industrial output they had before. Nothing is produced in Europe anymore. That needs to change.
@@aleh3627 First, the Ukraine-Russia war is a war that Russia can't lose and Ukraine can't lose war. By that it's means both group MUST deescalated the war to prevents any Nuclear war happening. Europe doesn't wanna completely poke the Bear nor Russia would dare to go on Full-in war with Europe. Europe cannot disable the Russian military threat because of Nuclear Threat, which means that to disable the Russian military threat, EU must start a nuclear war. So, nope it aren't happening. Second thing, to recover the industrial output that means the value of Euro MUST go down and Europe must cut their benefits to their citizens. There's always a consequence of doing so. Third thing, United State and China will not allow Europe to recover the industrial output they had before. United State needed a weak Europe State and United State rn is desperate in recovering their own industry output to fill their debts. And China will not allow another player to compete in industry in the world stage. Your claims are correct, but the world big player aren't letting that happen.
@@aleh3627 How on earth is "Nothing produced in Europe anymore"? I can say we don't produce enough but it's far from nothing.
This is such a weird overly negative view. It's literally saying "Yeah 10 years ago we should've done this, and if we had we'd have more money!" Okay how does that help anyone now? Europe is a pretty great place to live, and if you seriously think the average poor American is seeing the "benefits" of a large economy, you're wrong.
1000000%. This stuff only focuses on economics. It ignores the social aspect of Europe which is lightyears better than anywhere else.
@@LeMerch System in Europe is not sustainable, but US will remain a superpower for long time Although mean Western European's life is more comfortable then US citizen(for now).
@@LeMerchwhat do you think funds the social systems? Let me help you out: the economy. If the economy continues falling very soon the social fabric and benefits will disintegrate too. It is thinking like yours but on a policy level that has made Europe disadvantaged.
Josuko. Do you live in US or Europe? I am in California, am 52 and no college. W that preface my life is rad despite my exclusion from high end jobs here in SF bay Area. I do just fine and would say I am thriving. Not gonna bag on Europe cuz they dont need me to. I do agree that talking in would/ could... Is what losers do. But I will take in a heartbeat ANY American in ANY area vs Enduring ANY thing outside of America. The animosity in Europe of each other was palpable and frankly the time I spent there was almost sad to me. Basically peasants and a few owners. Lotsa words to say I think yer opinion is yers to have but you sound like you may be a fella that doesn't create a paycheck but takes one. Cheers from Santa Cruz
@@LeMerchYou're absolutely right, however the European model isn't sustainable. After 10 years, it will collapse and when it collapsed, the quality of life will not only go down, but go down HARD. It will be worse than US, perhaps as bad as stagnant Argentina. (Argentina is a perfect example because it was at the exact same place as the EU, about 30 years ago). On the other side, The US model isn't great. But it's decent. It's Okay. BUT MOST IMPORTANTLY, it's sustainable. The US can sustain this system and it's super power status for at least another 100 years.
I hear this since 40 years. Wir schaffen das!
The DraghiReport has mostly been ignored!
Overregulation in Europe is absurd. Just this week we spent countless hours adjusting our online service to yet another "new" EU regulation. It's scary when you realise how much time small businesses need to spend on compliance etc. instead of developing new products. This environment kills start-ups and innovation
There are startups, but there is a weak financing private system, unlike Silicon Valley that has its own investment system
What amazes me is how little we talk about the fact that Europe is not one country, while we try to compare it to China and the USA. While the EU-s burocracy can be problematic, national level burocracy is the main problem. Differing national regulation and laws makes it much more burdensome both for ventures and start-ups to scale up quick & protectionism makes inefficient businesses die much slower. Hopping from state to state in the USA or province to province in China is much quicker as business owners dont have to understand completly different financial and regulatory markets. No wonder why a sucessfull European start-up decides to relocate to the US. It gets access to a 330 million market with high liquidity and it only has to understand one additional regulatory framework. Unfortunately, the current populist wave will only introduce more fragmentation as populist regimes will always be for themselves and not for the whole EU.
The second issue is geography. Both China, the USA has large reserves of natural resources and energy sources which makes them more independent. The US also having the added advantage of a relatively low population density which, makes extraction less noticable for the public.
If the EU wants to stay competitive it has to 1) further integrate financial markets (much less national regulation, a bit more EU wide if neccessary), 2) diversify its energy dependence, while focusing on high-tech renewable development, 3) increase its common deffence development focusing on hybrid attacks (such as cyber attacks on infrastructure, social media infulence by other regimes) 4) and it has to attract educated talent from all over the world - as policy seems to be ineffective stopping falling birth rates. Having said that it is also important for the EU to not lose its core values, such as a social security system which provides its citizens a happy and healthy life.
Each U.S. state has its own regulations as well. There's a reason companies are leaving California and Chicago to move to Texas and Florida.
VW fired the guy who wanted to invest on it's evolution.
"Northern Italy, Southern Germany, Switzerland..." Is this what you say if you forget that Austria exists? xD
Why? Because the USA blew up Nordstream 1 and 2.
We don't need more productivity we need less taxes, France's tax rate is at almost 60%. This is insane, how can you invest any money when more than half of what you produce goes away directly ?
An extremely naive assessment
+ in France ,you're taxed a 2nd time when you die (Your taxed on your heritage ,aka the thing you already payed your tax for during your life) ,there's also Petrole/Oil ,on that ,we have a tax ... on a tax .
Let's say you have something that cost 1€ ,then you add 2 tax of 20% and 30% ,it would put the final price at 1,50€ ,because the tax only apply to the product ,not to another tax ,but on Petrole/Oil ,there is a tax ,which also take into account the price you have after all the other tax have been taken into account (I believe there are like more than 8 tax on Petrole/Oil) ,a tax that is cumulative ,so your 1€ get 1,20€ ,then add the 30% tax ,and you get 1,56€ instead of 1,50€
Servants of the USA all face the same doom.
Ursula is a servant of the USA
U$: How to be a business man
Step 1: create a problem (pipeline damage)
Step 2: solve it (LNG 4X price)
Then customers will treat you as their savior.
Step 3: Wait for companies to go bankrupt.
Step 4: Use the profit make from LNG to purchase these companies. = zero$purchase.
You know, denial ain't just a river in Egypt. Europe has been cut off from affordable energy resources. THAT is the main reason. You NEED energy to produce things and if you have to buy expensive energy, you can't compete. It is as simple as that.
Game plan: deregulate, cut taxes, build nuclear power plants, go English, encourage family formation, require longer work weeks, push retirement age back, change risk culture (need VC)... this shouldn't be hard at all, right? /sarcasm
cut taxes? go English? longer working weeks? encourage family formation. Obviously you don't have a family! The old and the young are the main beneficiaries of social and health taxes. Women are the backbone of part time work - to cater to family commitments.
So, what your saying is Europe has to become America 🤣
Most euros I know would rather die on their 35 hour work week and 2 months of paid vacation then become another USA
I agree with the deregulation of rules and laws affecting startup companies, I also agree with the fact that we must bring VC kapital into Europe, but less taxes and remove workers protections like pension/retirement age or force a increase in work week beyond 37 hours a week is not going to make anyone more productive and just make people feel less happy.
The European Union is in terminal decline. Stagnating economy, poor demographics and over regulation of its businesses.
This article completely ignores two of the largest factors causing the problem: the failure of islamic immigrants to integrate which has lowered GDP per capita and caused massive social problems, and the astronomical amount of corruption among in EU governance.
Always blaming the Muslims, this is about Europe total economic output, immigrants help the output output and is why America is so powerful, Europe needs more immigration, not less, or it will get left behind on the global stage
Yes of course… it is just a scapegoat….
those immigrants dont count towards Europes GDP per capita.
in a nutshell Liberals and Leftists
Muslims are the reason the entire EU emEast and West doesn't have a single global tech company? 😂😂😂
You see, this is what an EV and SDG economy creates.
"If you'd take the value of the 5 biggest companies, it would be the 3rd GDP". How does that event make sense lol. GDP is how much is produced in a year (roughly) while market cap is the traded value of the business. Such a twisted comparison to try to make your point..
You must compare this with the size of debt. US and China has serious debt driven economy. And EU has a goal to lift the poorest countrys. They have had success in Spain,Greece, Ireland,Poland etc. Much is left to do but I think Europe is coming.
Lift? You mean colonize and pillage?
Lift the poorest countries by taking away their resources ?
Nearly every indicator or metric in Europe is headed in the wrong direction.
But sure, it's fine... Everything is working and everything will be great.
@ EU is destined to be a colony of the USA, as Canadian, New Zealand and Australia will be as well.
@@ChuckNorrizzed they will be a caliphate
It gives me immense joy to see nations who thought they were winning by fair competition when in fact they were just beneficiaries of post imperialism inertia.
Now that Europe has to start working, people are blaming everything but themselves
Blaming China for “overcapacity” and “overproduction” while relying on Chinese export and production for the last 30-40 years will never not be funny to me
@@seaniwuBrought to you by the same people who increased their dependence on Russian natural gas after the Russians invaded Ukraine in 2014 and shut down their nuclear reactors.
Russia is the only country that has enough natural gas to supply Europe, it’s that simple. And we were getting for pennies. Now that we are buying it through intermediaries what exactly did we gain, zero.
As a German I feel like this is a bit pessimistic.
He goes “France has a number of problems” please tell me a time when France DIDN’T have a number of problems 😂
Europeans work 8 hour shifts, 1 hour of that is on lunch, they finish work and they don't think about overtime since they live with their parents even in their 30s. They treat work like elementary school, a few hours a day and weekenda off. 😂
You know this is why? Europe had the best ‘’workers,working styles’’ during the 1500s-1600s.The reason why european people don’t tend to work 10 hours+ is all about the relaxish life styles,as because of the culture itself too,yet the american style always need to raise itself,as they always are considered