You’ll get downvoted to oblivion but it’s true in endless ways even before AI. The EUs obsession with green energy and destroying nuclear in Germany, the wealth taxes, the bureaucracy, how it’s 10x easier to get disability than it is to start a corporation. Death by a thousand cuts. I don’t see this improving until real, visible pain is felt. They are so poor economically but the consequences are not being felt yet
Just my 2 cents. Nuclear was dead in Germany without political influence. The reactors where so old, that upgrading them to modern standard would have been a waste of money compared to renewables. France only works because the state helps out. UKs new reactors are financial suicide.
Everything else you might have a point. The EU behaves as if it has influence over companies abroad. Then its strategy might work and do some good. Sadly this is not the case. Instead we are getting isolated and loosing the AI battle bad while bureaucracy and regulations forces inventors to leave.
Nuclear in Germany was destroyed mostly due to unchecked Russian influence. Shroeder got rewarded by putting the final nail by getting all those board positions in Russia. And they had a reason to be blind to it since the industry does want Russian hydrocarbons.
And as sad of a story as it is, it's nothing compared to what Orange did. It will be a good showcase for the future how business is not the economy.
And it's not even just me who says this, this is an exact title I've seen online as well before, below.
The reality is Europe will tend towards stagnation while other superpowers continue trudging on, some with their help of their governments while others, even despite themselves and their governments.
https://www.trouw.nl/opinie/wil-europa-geen-openluchtmuseum-...
https://www.theprincetontory.com/is-europe-an-open-air-museu...
https://www.investmentofficer.lu/en/columns/gregory-kennedy/...
The proof is in the pudding. On a pure price-return basis without dividends, an investment in the Euro Stoxx 50 in 2000 sat at approximately 0% capital growth for nearly 25 years.
Now who could be behind this po- wait, hold up, I didn't need you to answer. What the. Stop.
The anti-EU comments are always the same shape, unable to separate the EU from individual countries and misattributing country specific policies to the entire EU. Only a few countries in the EU have wealth taxes, and it's not the EU who imposed them. Disability pensions are not easy to get and require a lot of medical paperwork and approvals in most EU countries. And what does "so poor economically" even mean?
Right - the EU is not that powerful. If anything Europe's mistake has been not making it powerful enough, so there is possibility of competing with China and America.
Britain has left it and that's made a negative difference to our productivity. Large home markets are critical, when your two major competitors have large home markets.
Taxes and social services are cultural things in Europe, based on us understanding what a good way to use the wealth technology has given is. America understands this as well - it spends more on state healthcare than Europe does (yes, PPP adjusted), just not universally available.
That "just not universally available" is kind of the crux of it; all that money in a first world country and many people still fear that calling an ambulance will bankrupt them.
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Ha! That's pure nonsense propaganda. Show me where it is 10x easier to take disability than establish a company. Then show me how EU destroyed Germany's nuclear energy, while doing well in other countries.
If you can't you are no better than the russian and right-wing americans that push anti-EU propaganda.
True, the Germans destroyed their own nuclear industry, and with it - its prosperity - entirely on their own. Specifically, Angela Merkel did that, along with lots of other horrible things that deprived the Germans of the future.