3 ms·

European here. It normal that EU become the #4 economy in the world. There is nothing wrong with that. What wasn't normal was to see billions of people in pover

by lugu 2y ago

European here. It normal that EU become the #4 economy in the world. There is nothing wrong with that. What wasn't normal was to see billions of people in poverty. I am happy to see India and China catch up. The best way to be #1 economy is to destroy others. We don't want to do that. Indian entrepreneurs are as ambitious as the growth of their economy. EU wants to focus on ecology and democracy and this impacts it's economy. There is nothing wrong with that.

lores 2y ago
I've never been to China, but the US strikes me as palpably more dystopian every time I go - and that's from someone who loves the country and its people. As for India... well, hopefully everyone will benefit from the growing wealth. Europe has a very high quality of life. To the extent it's sustainable, I don't see what's wrong with a government and culture aiming to make people happy and comfortable rather than #1.
kwere 2y ago
China has eaten European manufacturing, India will eat most of Europe Service jobs through remote positions. Europe will be saddled with debts, looking like a disfunctional Argentina squabbling about populist socialist /nationalist talking points.
- kazen44 2y ago
  except that globalisation is on the downturns, especially in terms of the political will in europe. Exporting the manufacturing of to china is currently seen by many as a mistake (especially deindustrialization in regards to military hardware). I highly doubt service jobs will be exported, especially considering the many different languages and the fragmentation of those languages.
  - therealdrag0 2y ago
    Seeing exporting as a mistake and doing something about it are different things. Will be interesting to see what happens. Generative AI may help with the export or deprecation of service jobs.
  - kwere 2y ago
    Front-office jobs will be kept local, but expensive / labour intensive backoffices will be moved to cheaper places. Right now Eastern Europe due to bilingualism is a Hub for this: Poland, Czechia, Romania, Albania. India will become appealing when most European business jargons will be english first. Already happens in Software dev, Marketing, Product design, even Legal / compliance, etc...

by lugu 2y ago

lores 2y ago

I've never been to China, but the US strikes me as palpably more dystopian every time I go - and that's from someone who loves the country and its people. As for India... well, hopefully everyone will benefit from the growing wealth. Europe has a very high quality of life. To the extent it's sustainable, I don't see what's wrong with a government and culture aiming to make people happy and comfortable rather than #1.

kwere 2y ago

China has eaten European manufacturing, India will eat most of Europe Service jobs through remote positions. Europe will be saddled with debts, looking like a disfunctional Argentina squabbling about populist socialist /nationalist talking points.

kazen44 2y ago
except that globalisation is on the downturns, especially in terms of the political will in europe. Exporting the manufacturing of to china is currently seen by many as a mistake (especially deindustrialization in regards to military hardware). I highly doubt service jobs will be exported, especially considering the many different languages and the fragmentation of those languages.
- therealdrag0 2y ago
  Seeing exporting as a mistake and doing something about it are different things. Will be interesting to see what happens. Generative AI may help with the export or deprecation of service jobs.
- kwere 2y ago
  Front-office jobs will be kept local, but expensive / labour intensive backoffices will be moved to cheaper places. Right now Eastern Europe due to bilingualism is a Hub for this: Poland, Czechia, Romania, Albania. India will become appealing when most European business jargons will be english first. Already happens in Software dev, Marketing, Product design, even Legal / compliance, etc...