2 ms·

I wish you were right, but EU's share of world GDP is just shrinking every year (both before and after Brexit) because of all the great social structure that gi

I wish you were right, but EU's share of world GDP is just shrinking every year (both before and after Brexit) because of all the great social structure that give people a peaceful life. As an example GDPR is great for protecting privacy, but makes data mining for businesses really hard. Great for people, but on the long term these protections can weaken the economy which makes EU more and more vulnerable to outside control. At the same time it's not a new thing: it's happening gradually over the last few hundreds of years.

joseftexas 4y ago
Without cheap Russian oil+gas and worldwide dedollarisation with rise of BRICS, EU will turn into just another Sri Lanka worth of GDP in coming 50 years. In my 30 years kf investment portfolios, EU portions had shrink so fast. You can see their footballs revenue shrinking, persistent high unemployment, lack innovations in tech sectors, insurance especially maritime market share erodes fastest this year. Asians influx (especially Chinese and Indians) had been eclipse by middle east and Afticans. You know how industrious amd rich the Chinese and Indians. Doing business is just not worth it in EU. The cost on average is about 20-50% higher than anywhere in the world and that was before losing Russian oil+gas (now is closer to 100% and still rising).
- xiphias2 4y ago
  I'm sure Europe won't be something like Sri Lanka, but I feel the anti-business sentiment (businesses are greedy) all the time (especially when I visit US where the opposite is far too much, I see how much big companies captured the country). Also in US people are fat and die much sooner than Western-Europeans (health is the most important thing a country can provide in my opinion). With AI coming tech is really taking over from oil in importance (especially long term), so I'm not that worried about it as much as the incompetency and mismanaged EU money that should just go to the venture funds instead of how its distributed.
red-iron-pine 4y ago
> fuck people and their rights, data mining is all that matters, amiright? GOTTA GET THAT G-D-P.

joseftexas 4y ago

Without cheap Russian oil+gas and worldwide dedollarisation with rise of BRICS, EU will turn into just another Sri Lanka worth of GDP in coming 50 years. In my 30 years kf investment portfolios, EU portions had shrink so fast. You can see their footballs revenue shrinking, persistent high unemployment, lack innovations in tech sectors, insurance especially maritime market share erodes fastest this year. Asians influx (especially Chinese and Indians) had been eclipse by middle east and Afticans. You know how industrious amd rich the Chinese and Indians. Doing business is just not worth it in EU. The cost on average is about 20-50% higher than anywhere in the world and that was before losing Russian oil+gas (now is closer to 100% and still rising).

xiphias2 4y ago
I'm sure Europe won't be something like Sri Lanka, but I feel the anti-business sentiment (businesses are greedy) all the time (especially when I visit US where the opposite is far too much, I see how much big companies captured the country). Also in US people are fat and die much sooner than Western-Europeans (health is the most important thing a country can provide in my opinion). With AI coming tech is really taking over from oil in importance (especially long term), so I'm not that worried about it as much as the incompetency and mismanaged EU money that should just go to the venture funds instead of how its distributed.

red-iron-pine 4y ago

> fuck people and their rights, data mining is all that matters, amiright? GOTTA GET THAT G-D-P.