6 ms·
*executed well* but first regulated to death
by franze 2y ago
*executed well*
but first regulated to death
- thinkingtoilet 2y agoYou say that like Germany as a country isn't doing well. I swear, people just stop thinking when it comes to things like this.
- whimsicalism 2y agoI think the EU is increasingly aware of its faults, especially in Germany & France. Happy to watch them cook and I say that as an American who has watched on with pain at what the EU has done to itself over the last decade+.
- analog31 2y agoAre their people worse off?
- whimsicalism 2y agoIn my view, yes - especially when you subset to native born populations. Many europeans are a proud people though so I understand this is contentious, regardless of what the numbers say.
- vondur 2y agoAccording to this article, the answer is yes: https://www.wsj.com/world/europeans-poorer-inflation-economy-255eb629 https://www.wsj.com/world/europeans-poorer-inflation-economy...
- bobthepanda 2y agoIt depends on what you are looking at. For example there is increasing consensus that Merkel's "black-zero" budget requirements set the stage for today's collapsing German infrastructure and lack of productivity growth due to decreased public investment.
- whimsicalism 2y agoThink it has much more to do with traditional EU regulator attitudes around the dual of labor & capital markets. Both are very dysfunctional in Europe, with labor probably slightly edging out in terms of dysfunction.
- bobthepanda 2y agothats also not helping, but it's not exactly a secret that German public infrastructure from roads to rails to electricity and whatnot are also all crumbling.
- whimsicalism 2y agoit's hard to build infrastructure when you have dysfunctional labor markets & your tax base is declining in real terms.
- FirmwareBurner 2y ago"You eventually run out of other peoples' money" And wait till the EU starts paying it's own defense bills without the US, which is what it wants to do. But with money from where? Education? Healthcare? Welfare?
- daedrdev 2y agoThe black zero literally means that in real terms they have been decreasing government investment for years now.
- analog31 2y agoI'm thinking about things like life expectancy, infant mortality, maternal mortality, health care, violent crime, suicide, incarceration, traffic safety...
- DataDaoDe 2y agoI can't speak for France, but for Germany, unfortunately, by most metrics that matter (affordable housing, infrastructure, subjective well-being, energy costs, labor markets, etc.) compared to 20 years ago, yes. However, compared to most other countries, Germany is still doing quite well. So it all depends on the context for how you interpret the data. [1] https://www.imf.org/en/News/Articles/2024/03/27/germanys-real-challenges-are-aging-underinvestment-and-too-much-red-tape?utm_source=chatgpt.com https://www.imf.org/en/News/Articles/2024/03/27/germanys-rea... [2] https://en.wikipedia.org/wiki/German_economic_crisis_%282022%E2%80%93present%29?utm_source=chatgpt.com https://en.wikipedia.org/wiki/German_economic_crisis_%282022...
- andy_ppp 2y agoI have an alternative theory about tech and growth in Europe - the rich are too greedy here and are not optimistic enough about growth. They: a) don’t fund risky things b) don’t believe Europe can create unicorns so it becomes a self fulfilling prophecy for their investments c) try to cash out too quickly from potentially huge businesses d) valuations are half the investment for double the equity, so of course the companies have half the runway and half the upside.
- whimsicalism 2y agoNo comment except that 'the rich are too greedy here' is an extremely european explanation for EU economic underperformance.
- andy_ppp 2y agoYou’re completely misinterpreting and taking out of context the whole point I’m trying to make for a cheap swipe at Europe. Do you actually disagree with what I said or are you trying to win Internet points with semantics? Do you even disagree with the bulk of my complaint about investment in Europe? Do you even disagree that investors try to take a larger equity position in companies in the EU than in the US?
- cavisne 2y agoEurope is mostly "old money" so this makes sense. They didn't earn that money they are custodians of it.
- mhitza 2y ago> don’t believe Europe can create unicorns so it becomes a self fulfilling prophecy for their investments There sure would like though. What I've followed in the Horizon program was a fixation of chasing "last years" technology. Problem was , that for all those funding programmes they had quite stingent company requirements which stopped startups and small companies from having a go at it. Larger companies had no issue navigating this process and chewing the cash without actually delivering good or innovative products.