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You can say the EU is doing good or bad, but what is reality is that this blog post is ignoring is that the European economy is kind of just falling apart right
by overstay8930 3y ago
You can say the EU is doing good or bad, but what is reality is that this blog post is ignoring is that the European economy is kind of just falling apart right now directly because of these types of regulations and reforms.
German labor unions are the weakest they’ve been in decades, Europe as a whole is an incredibly undesirable place to run a business in 2024, and EU companies have rested on their laurels so long that they couldn’t hope to even match American and Chinese R&D numbers in the next decade because of these types of regulations pretty much enforcing the status quo.
Europeans have just relegated to the fact that they will always be subservient to American tech companies, which is just brain dead economic policy that will reverse course in 5-10 years once France and Germany shake hands and realize they’ve just fucked themselves over again.
I know it’s not about that, but if you’re going to use anecdotes they should be accurate. The only people who think the EU is doing a good job handling tech are populists, not economists.
- screenobobeano 3y agoI’m an economist and the EU is clearly doing better than anyone right now and all my economist friends agree with me. I’m actually starting a business Europe right now and it’s going great.
- nemo44x 3y agoYeah Europe (EU) has not performed the last 15+ years. Falling further behind the USA and parts of Asia is set to replace them in terms of stature. Limited technical innovation, disastrous energy policy, weak international demand, and an unaddressed migrant and reproduction crisis that will pressure their 20th century social systems, spell a bleak future for the EU. I expect tourism to continue to be strong as the prosperous from the US and Asia take in the charm of the old world.
- _visgean 3y ago>that the European economy is kind of just falling apart right now directly because of these types of regulations and reforms Is it though? GDP seems to be growing similarly to US, not as good but definetely not falling apart. https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=EU-US-CN https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...
- overstay8930 3y agoIf you only look at GDP everything is fine, I’m talking about the whole picture. Germany is only expected to decline in the next few years due to poor governance and it’s bringing the rest of Europe down with it, France can only do so much when the EU is so economically linked.