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>That's why we have this massive inflation. No real value is created, yet everybody is flush with the money. Indeed. Most of EU's economic growth since the 200
by ChuckNorris89 3y ago
>That's why we have this massive inflation. No real value is created, yet everybody is flush with the money.
Indeed. Most of EU's economic growth since the 2008 crash was just printing money and propping up assets. A bunch of wealthy boomers buying expensive houses from one another does not mean actual economic prosperity.
We just printed our way into prosperity but Covid supply chain disruptions, the energy shortage, and the Ukraine conflict exposed the EU emperor had no clothes.
- mantas 3y agoAnd lots of money poured into various „EU-funded“ (= money pulled out of thin air) programmes. All sorts Bs training that creates no wealth. Sure, topics may read nice on paper. But does it create any value? All while basic economy is going down the drain. Who cares if everybody and his or her dog can discuss emotional intelligence, yet we end up relying on China more and more? Both to import crucial stuff and export crappy extravaganza nobody else is buying. The green whatever plan is great example. Let's fuck over our farmers and kick out remaining manufacturing. Just to pretend we're soooo environment-friendly. And then import fuckton of stuff from far away. Thankfully there will be CO2 import tax. But CO2 regulations is not the only thing curbing local economies while faking low CO2 reports in far away countries may be a lucrative industry...
- sottol 3y agoWhat's the alternative? Brexit for everyone?
- c00lio 3y agoMaybe not outright exiting the EU. But maybe exiting the Eurozone and removing some other problematic economic straightjackets like overly large tax-financed subsidies.
- mantas 3y agoOr at least several different eurozones. Germany and Italy or Spain are rather different economies to say the least.
- sottol 3y agoImo that would leave Italy and Spain and their respective union members in the dust competing against the US, China and India. But maybe that's worth it, or maybe the Brexit will turn out great like pg said due to them not having stringent EU-type regulations on things like AI and banking (though if you're a founder leaving the EU i don't see why you'd go to the UK over the US or Canada).
- mantas 3y agoLeave in dust in what sense? Italy and Spain are heavily based on tourism and snobbery (e.g. high fashion). They ain't competing against US/China/India. And that's OK. But they need different economical policies than, for example, Germany.