4 ms·

I guess Europe is going to miss out again?

by oytis 4y ago

outside1234 4y ago
Can definitely imagine them not wanting to be held hostage by China either???
- oneoff786 4y ago
  Can’t exactly spring up your manufacturing base during an energy crisis. Mostly they’ll just try to keep their important ones afloat.
makomk 4y ago
Europe is basically deindustrialising right now due to a lack of sufficient energy supply: https://www.nytimes.com/2022/09/19/business/europe-energy-crisis-factories.html https://www.nytimes.com/2022/09/19/business/europe-energy-cr... It's not even a case of Europe missing out, industry is actively collapsing over here.
mrtksn 4y ago
Europe either finds local and reliable energy sources or goes back to stone ages. Europe's problem is lack of energy and traditionalism, for the later maybe the Internet will eventually solve it but for the former the options are not good in short term. Actually, EU did a good job regulating everything consumer into efficiency however for the industry there's hard limit how much energy you need. Renewables can't come soon enough.
badpun 4y ago
Europe went a different path than the US. Essentially, after cheap Eastern European countries have joined the EU, a lot of manufacturing was moved there.
- oytis 4y ago
  You know, some people in Eastern European countries complain about exactly the opposite. Anyway, Eastern Europe is far from experiencing a manufacturing boom either.
  - badpun 4y ago
    I'm from Poland, so I know the situation fairly well. The trajectory here was that a lot of communist manufacturing plants were closed in the 90ies (after transition to market economy), because they were just not economically viable (something that was not deemed a problem for communists, until the whole system collapsed). Many others have drastically reduced employment, as again communists were hiding unemployment by giving people jobs in companies that didn't need them. But, since Poland joined the EU in 2004, the trend has reversed. There's now plenty of (mostly foreign-owned) manufacturing plants around the country.

I guess Europe is going to miss out again?

by oytis 4y ago

I guess Europe is going to miss out again?

outside1234 4y ago

Can definitely imagine them not wanting to be held hostage by China either???

oneoff786 4y ago
Can’t exactly spring up your manufacturing base during an energy crisis. Mostly they’ll just try to keep their important ones afloat.

makomk 4y ago

Europe is basically deindustrialising right now due to a lack of sufficient energy supply: https://www.nytimes.com/2022/09/19/business/europe-energy-crisis-factories.html https://www.nytimes.com/2022/09/19/business/europe-energy-cr... It's not even a case of Europe missing out, industry is actively collapsing over here.

mrtksn 4y ago

Europe either finds local and reliable energy sources or goes back to stone ages. Europe's problem is lack of energy and traditionalism, for the later maybe the Internet will eventually solve it but for the former the options are not good in short term. Actually, EU did a good job regulating everything consumer into efficiency however for the industry there's hard limit how much energy you need. Renewables can't come soon enough.

badpun 4y ago

Europe went a different path than the US. Essentially, after cheap Eastern European countries have joined the EU, a lot of manufacturing was moved there.

oytis 4y ago
You know, some people in Eastern European countries complain about exactly the opposite. Anyway, Eastern Europe is far from experiencing a manufacturing boom either.
- badpun 4y ago
  I'm from Poland, so I know the situation fairly well. The trajectory here was that a lot of communist manufacturing plants were closed in the 90ies (after transition to market economy), because they were just not economically viable (something that was not deemed a problem for communists, until the whole system collapsed). Many others have drastically reduced employment, as again communists were hiding unemployment by giving people jobs in companies that didn't need them. But, since Poland joined the EU in 2004, the trend has reversed. There's now plenty of (mostly foreign-owned) manufacturing plants around the country.