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That's very true. Europe is in a very difficult position now. RCEP agreement has just happened (it will take 1-2 years to ratify it by all countries), but it is
by piokoch 6y ago
That's very true. Europe is in a very difficult position now. RCEP agreement has just happened (it will take 1-2 years to ratify it by all countries), but it is a huge step towards Asia economic dominance.
Next, China is sponsoring actively similar agreement for African countries. Africa is a potentially huge market and has a lot of natural resources. It seems that Europe totally drop the ball here, the only thing they have done was to destabilize some of the African countries in the name of supporting democracy - this failed miserably everywhere, new rulers were equally undemocratic and often even more hostile towards Europe.
The same with US, they totally gave up Africa, they could not to come up with something else than mumbling about democracy and trying to impose some post-colonial trade deals. China is playing this game much, much better and, whatever I think of them, they have actually something substantial (investments other than digging diamonds and cobalt) to offer.
Europe will loose Asian and African market, India is building up its economy fast as well, so soon Europe will not have anything to sell over there too. Europe lags behind US for a long time in all aspects (education, innovation). This only means marginalization and the role of destination for cheap crap that cannot be sold on other markets.
It seems that UK politicians sort of noticed that, that's why they decided to cut ties with EU without much fear (brexit without any agreement) as they count on their influence and position in Commonwealth countries, what will give them backdoor access to developing markets and be part of the global economy.
Europe leaders really need to wake up. Stop concentrating on immaterial issues, push for more competitive economy, lower taxes, less regulations, development of innovative companies in a natural way, not buy being financed from some EU founds - this just does not work, as this creates companies that are good in acquiring those funds, not creating market value.
Common market should be available for all EU countries, not only (still) the richest ones - "innovations" like 2014/67/UE directive are not helping - this one hit less developed EU countries - it forces companies to pay local wages for workers who are delegated to work in other country. As a result the truck driver from Poland has to earn the same money as the driver in France, Holland, Germany, depending where the truck is in the given moment of time. This makes new EU countries companies less competitive. And nobody cared that it violates EU treaties and the rules of "free movement of goods and services".
Stop internal fighting with anyone who dares to have different views or elect government that EU bureaucracy does not like (Italy a few years ago, today Poland and Hungary).
There are very noble ideas like reduction of CO2, this is important, but maybe Europe just can't afford being the leader in that effort if the rest of the World just does not really care? Europe need sources of clean and cheap energy. What the biggest EU economy does? Nord Stream 2, to buy gas from Russia. Is it helping? Not really. Why can't Europe start spending funds on innovations in nuclear and fusion energy reactors?
I don't see any leaders that Europe used to have who could push Europe in the right direction, unfortunately.
I am waiting for someone who would just say: hey, maybe moving whole "The European Parliament" every month from Brussels to Strasbourg and back does not make any sense and it costs a lot of money that can be spent better.
- mschuster91 6y ago> Europe leaders really need to wake up. Stop concentrating on immaterial issues, push for more competitive economy, lower taxes, less regulations I agree that our dear leaders have to wake up - but that is not the direction they should go at all. Our taxes are already so low that many countries have problems financing taking care of basic needs like healthcare. Less regulation? This will directly, and negatively, impact the people of Europe because corporations always exploit every legal (and illegal) avenue to cut corners at the expense of the people.
- Argish 6y agoEurope is resource hungry when it comes so social spending. Budgets are huge, and a lot of money is being spent. Some of that money is not even ours, it's just other people buying our debt. https://en.wikipedia.org/wiki/List_of_countries_by_social_welfare_spending https://en.wikipedia.org/wiki/List_of_countries_by_social_we... I do question myself sometimes how much longer this can be maintained. Our world is changing fast, and it's not like Europe is losing the game, it's that we are not even playing it. We will eventually need to do something about it. What exactly needs to be done is definitely debatable.
- mschuster91 6y ago> Europe is resource hungry when it comes so social spending. The alternative to that is becoming like the US: homeless people everywhere, people spreading illnesses (not just corona) at work because they can't take any sick days, people getting chronically ill or vastly worse side effects from untreated issues because they can't afford health insurance, people fearing eviction because losing their job. All while the billionaires made an additional 800 billion in wealth. > I do question myself sometimes how much longer this can be maintained. We can maintain the status quo, but we need to tax the rich and international mega-corporations for that. It is unsustainable that the massive profits generated in Europe are siphoned off untaxed to "tax heavens" and foreign countries.
- allendoerfer 6y agoEurope is fine. Europe will be to the world, what Switzerland is to Europe. I agree with you, that it has to focus more on innovation. Regarding quality of life for the average person I would take the stability of a Northern European country over the US or China at any time. Examples for things Europe is also missing: Opressive governments, gang shootings, school shootings, people without healthcare, social scoring systems, polluted rivers, forced labour camps, denying of facts like evolution or climate change.