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In my opinion, the problem is the people. The EU is going in the direction its going with the support of the people. Every once-in-a-while you'll hear about ho
by Aerroon 2y ago
In my opinion, the problem is the people. The EU is going in the direction its going with the support of the people.
Every once-in-a-while you'll hear about how Europe is becoming less relevant, less competitive, and falling behind. Many reasons are pointed out: too many regulations, too much bureaucracy, too little investor funding, too little risk appetite etc. And then all of that is promptly ignored and we're back to
>but we need all of these regulations, otherwise we'll be like America!
and
>Europeans are actually better off!
Imo it's European people that defend all of these things, not just something unelected bureaucrats do.
- steveBK123 2y agoI think its a gerontocracy issue. Older European generations have negotiated for the current state of affairs which are nice for existing homeowners who are near and in retirement. This is at the expense of the youth who have eye watering levels of youth unemployment, near 20% in many EU countries. It's 25% in Portugal (vs 6.5% overall) and was as high as 35% in the last decade. These levels make it hard for the next generation to build a career, savings and future for themselves. Note US current unemployment rate is about 4% with youth unemployment being 9%. So US youth unemployment is ~2x overall while Portugal for example has youth unemployment at 4x the overall rate... much more skewed.