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Europe is entering a crisis of unprecedented proportions. This isn't just an isolated incident, one bad company, this is a trend. It used to be that subsidies m
by clarionbell 2y ago
Europe is entering a crisis of unprecedented proportions. This isn't just an isolated incident, one bad company, this is a trend. It used to be that subsidies managed to balance out the over-regulation, high labor costs and powerful pressure groups Europe was known for. Now it's no longer the case.
There used to be a technological edge European countries (especially in the west) could rely on, which made them more suitable for some business. But now it's gone, almost everywhere. Exception is couple of important, but niche industries, which are seen as being of strategic interest (Airbus, ASML, Arianne). But they too feel the pinch now, as the supply chains get more fragile, new talent leaves, or doesn't even show up, and foreign powers prop up their own alternatives.
Add incapable, or shortsighted, political leadership, aging population, hostile, or at least unfriendly, neighbors and rising political extremism, and you get a particularly deadly mix.
Unfortunately, the top institutions have shown almost zero acceptance of the fact.
In that sort of situation the only "hope" is that the collapse will be relatively quick, allowing for some rebuilding to start before the next decade ends. If we are lucky.
- baxtr 2y agoIf Europe as major part of the West continues to fail this is going to happen - Russian influence will rise and dominate at least major parts of Eastern Europe - China will expand its footprint in Africa and increase its ambition in Asia - US and Japan will become more isolated than ever
- oezi 2y agoNothing is going to stop China's rise but China's own failings (mostly demographically). Russia can't even beat a country one third its own size despite petrol dollars and legacy military stock.
- baxtr 2y agoI agree. But Russia is being backed by its Asian allies. They will grind forward albeit slowly.
- DoingIsLearning 2y agoRussia does not need to win to still wreak havoc. Their hybrid warfare has created massive social rifts and political instability across all major Western Democracies. Unfortunately you do not need a lot of money to do evil, when the devil's whispers are enough to turn citizens of a nation against each other.
- clarionbell 2y agoYes. That is very much given. In fact some of it has already happened. Europe has effectively ceded it's position in Africa to others some time ago. Aid based approach has led to little tangible benefit for locals, and even less for Europeans. Furthermore, conditions the recipient needed to fulfill were, and still are, often hard to accept for cultural and historical reasons. Add to it the lack of actual power projection and all you have is contempt. It's pretty visible during any UN vote. Simply put, investment beats aid, every single time. The silver lining is that Russia is having it's own issues, not entirely different but similarly horrible. Namely demographic crisis, exacerbated by war and poor public health. There is also demographic crisis in China, however their government has been wise enough to not go to all out war.
- Cumpiler69 2y ago>Russian influence will rise and dominate at least major parts of Eastern Europe Definitely not, given how russophobic Eastern Europe is. They had enough of Russia to last them several lifetimes of misery. On the other hand, Western Europe, especially "neutral" Austria is a lot more pro-Russian than the East.
- baxtr 2y agoBeing russophobic doesn’t mean you’re safe. See Ukraine.
- Cumpiler69 2y agoRussia can't go past Ukraine
- ExoticPearTree 2y agoSadly but true. The latest issue is that the EC would rather see the auto industry fail than to change its climate objectives. It looks like it gotten so bad that Germany started speaking up against emissions goals and most likely would try to block any measures. I don't think Arianne is successful as it relies on traditional technology to launch things into space and they can't be competitive with SpaceX. The EU is the laughing stock of the world: AI regulation is in force, but no single AI company in Europe :)) - just to name one example.
- jddj 2y agoMistral is french
- clarionbell 2y agoTrue, and in my opinion a proof that Europe has potential to recover. Unfortunately it remains to be seen if they manage to survive oncoming regulator onslaught. I hope they will.
- ExoticPearTree 2y agoThe way the current EC is set, fat chance of giving up regulating everything they can regulate.
- nope1000 2y agoFlux (the image generator of xAI) is by Black Forest Labs - a german AI company for example.
- Cumpiler69 2y agoNice. How much money is it making?
- Timwi 2y agoHow is AI regulation a laughing stock in the context of emissions reduction?
- deleted 2y ago[deleted]