5 ms·

Trump is making Europe great again

26 points by lr0 2y ago

VWWHFSfQ 2y ago
[flagged]
- jltsiren 2y ago
  Manufacturing represents ~15% of the EU GDP, vs. ~11% in the US. Both because lower wages make manufacturing in the EU more competitive and because financialization has not gone as far as in the US.
  - VWWHFSfQ 2y ago
    Manufacturing what though? Certainly not technology. We know they're not trying to build their own compute clouds to compete with AWS or Microsoft. Or OpenAI. They're not even trying to compete with Nvidia. The EU's entire productive economy is stuff like cheese, VW cars, and perfumes.
    - mrcode007 2y ago
      You’re forgetting prime brokers financing most of the US financial players on wall street Societe generale BNP paribas UBS+Credit Suisse Deutsche bank Lets also not forget Ubisoft (French company) making assassins creed etc games And airbus making planes ?
    - cycomanic 2y ago
      Not sure if you're trolling or seriously underinformed. Firstly, since when is building compute clouds manufacturing? More to the point though, a large portion of manufacturing machinery is in fact build in Germany and the Netherlands (ASML is probably the most famous example, but others include Festo, Bosch ...), you'll find hardly an advanced production line which doesn't run on machines build in Europe. Interestingly most of the companies behind this are smaller size businesses, it seems like the European business sphere does not tend so much toward large corporates (although I could be wrong here, I have not seen any statistics).
    - toomuchtodo 2y ago
      The EU is a greater share of global manufacturing than the US [1]. Are you comparing real manufacturing to cloud/search providers, GPUs, and generative AI that has shown questionable value? Airbus has an order book ~11 years long and Boeing is hanging on by a thread. Rheinmetall, Germany's largest defense company, is worth more than VW (as mentioned in this piece). The giga press hardware manufactured for Tesla was built by Idra Group in Italy. I somewhat chuckle at the idea that they should be spitting out GPUs instead of electric vehicles, defense hardware, and aircraft (both civilian and military). [1] https://www.brookings.edu/articles/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/ https://www.brookings.edu/articles/global-manufacturing-scor...
    - anigbrowl 2y ago
      This is like someone saying the US economy consists of junk food and t-shirts. Why post such ignorant comments, when you could take a few minutes to inform yourself instead of looking foolish.
      - VWWHFSfQ 2y ago
        What is foolish? We know that the EU is entirely sustained by Russia, USA, and China. Nearly all the energy, technology, and everything else.
        anigbrowl 2y ago
        No we don't. It seems you were only pretending to inquire as a cover for pushing a particular (false) idea.
- mrcode007 2y ago
  I think you’re basically wrong? https://en.wikipedia.org/wiki/List_of_largest_companies_in_Europe_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_in_E...
  - VWWHFSfQ 2y ago
    I see some car companies there. A few Nordic oil companies. Are there others? edit: Nestle and Dior if you want some candies and fragrances, I guess.
    - mrcode007 2y ago
      Planes, finance, military equipment, video games, pharmaceuticals (ever heard of ozempic?)
      - toomuchtodo 2y ago
        Novo Nordisk sold so much ozempic, Denmark's central bank had to take currency action. https://www.npr.org/sections/planet-money/2024/07/26/g-s1-13534/ozempic-biggest-side-effect-denmark-pharmastate https://www.npr.org/sections/planet-money/2024/07/26/g-s1-13...
- deleted 2y ago
  [deleted]
- Terr_ 2y ago
  Feels kinda like: "No offense to Information Technology, but my understanding is that they produce basically nothing in this company..."
- defrost 2y ago
  In 2023, EU exported $6.43T (28.4% of global exports) and imported $6.56T (29% of global imports). https://oec.world/en/profile/international_organization/european-union?yearSelector5=2023 https://oec.world/en/profile/international_organization/euro... Not a lot "stands out" - their exports are a rich diversity of many smaller items, Pharma, electronics, many types of machines. The OEC link has internal and external trade breakdowns by product if you scroll down.
  - Winblows11 2y ago
    Looks like US exports for same year less than half of EU: > Exports were $3,053.5 billion Source: https://www.bea.gov/news/2024/us-international-trade-goods-and-services-december-and-annual-2023 https://www.bea.gov/news/2024/us-international-trade-goods-a... And UK exports last year were $1trillion Source: https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version https://www.gov.uk/government/statistics/uk-trade-in-numbers... So unless I am mistaken, the UK+EU export $7.43 trillion whereas US just $3 trillion
- boznz 2y ago
  ASML

26 points by lr0 2y ago

VWWHFSfQ 2y ago

[flagged]

jltsiren 2y ago
Manufacturing represents ~15% of the EU GDP, vs. ~11% in the US. Both because lower wages make manufacturing in the EU more competitive and because financialization has not gone as far as in the US.
- VWWHFSfQ 2y ago
  Manufacturing what though? Certainly not technology. We know they're not trying to build their own compute clouds to compete with AWS or Microsoft. Or OpenAI. They're not even trying to compete with Nvidia. The EU's entire productive economy is stuff like cheese, VW cars, and perfumes.
  - mrcode007 2y ago
    You’re forgetting prime brokers financing most of the US financial players on wall street Societe generale BNP paribas UBS+Credit Suisse Deutsche bank Lets also not forget Ubisoft (French company) making assassins creed etc games And airbus making planes ?
  - cycomanic 2y ago
    Not sure if you're trolling or seriously underinformed. Firstly, since when is building compute clouds manufacturing? More to the point though, a large portion of manufacturing machinery is in fact build in Germany and the Netherlands (ASML is probably the most famous example, but others include Festo, Bosch ...), you'll find hardly an advanced production line which doesn't run on machines build in Europe. Interestingly most of the companies behind this are smaller size businesses, it seems like the European business sphere does not tend so much toward large corporates (although I could be wrong here, I have not seen any statistics).
  - toomuchtodo 2y ago
    The EU is a greater share of global manufacturing than the US [1]. Are you comparing real manufacturing to cloud/search providers, GPUs, and generative AI that has shown questionable value? Airbus has an order book ~11 years long and Boeing is hanging on by a thread. Rheinmetall, Germany's largest defense company, is worth more than VW (as mentioned in this piece). The giga press hardware manufactured for Tesla was built by Idra Group in Italy. I somewhat chuckle at the idea that they should be spitting out GPUs instead of electric vehicles, defense hardware, and aircraft (both civilian and military). [1] https://www.brookings.edu/articles/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/ https://www.brookings.edu/articles/global-manufacturing-scor...
  - anigbrowl 2y ago
    This is like someone saying the US economy consists of junk food and t-shirts. Why post such ignorant comments, when you could take a few minutes to inform yourself instead of looking foolish.
    - VWWHFSfQ 2y ago
      What is foolish? We know that the EU is entirely sustained by Russia, USA, and China. Nearly all the energy, technology, and everything else.
      - anigbrowl 2y ago
        No we don't. It seems you were only pretending to inquire as a cover for pushing a particular (false) idea.
mrcode007 2y ago
I think you’re basically wrong? https://en.wikipedia.org/wiki/List_of_largest_companies_in_Europe_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_in_E...
- VWWHFSfQ 2y ago
  I see some car companies there. A few Nordic oil companies. Are there others? edit: Nestle and Dior if you want some candies and fragrances, I guess.
  - mrcode007 2y ago
    Planes, finance, military equipment, video games, pharmaceuticals (ever heard of ozempic?)
    - toomuchtodo 2y ago
      Novo Nordisk sold so much ozempic, Denmark's central bank had to take currency action. https://www.npr.org/sections/planet-money/2024/07/26/g-s1-13534/ozempic-biggest-side-effect-denmark-pharmastate https://www.npr.org/sections/planet-money/2024/07/26/g-s1-13...
deleted 2y ago
[deleted]
Terr_ 2y ago
Feels kinda like: "No offense to Information Technology, but my understanding is that they produce basically nothing in this company..."
defrost 2y ago
In 2023, EU exported $6.43T (28.4% of global exports) and imported $6.56T (29% of global imports). https://oec.world/en/profile/international_organization/european-union?yearSelector5=2023 https://oec.world/en/profile/international_organization/euro... Not a lot "stands out" - their exports are a rich diversity of many smaller items, Pharma, electronics, many types of machines. The OEC link has internal and external trade breakdowns by product if you scroll down.
- Winblows11 2y ago
  Looks like US exports for same year less than half of EU: > Exports were $3,053.5 billion Source: https://www.bea.gov/news/2024/us-international-trade-goods-and-services-december-and-annual-2023 https://www.bea.gov/news/2024/us-international-trade-goods-a... And UK exports last year were $1trillion Source: https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version https://www.gov.uk/government/statistics/uk-trade-in-numbers... So unless I am mistaken, the UK+EU export $7.43 trillion whereas US just $3 trillion
boznz 2y ago
ASML