Does Switzerland Deserve to Be the Richest Economy in the World?

[@EconomicsExplained]

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[@RidingTheKhaliYuga]

im from suiss and your research on that topic is very poorly done.

[@ArawnOfAnnwn]

For me that most fascinating thing about Switzerland IS how it bucks conventional pop economic wisdom. This is another example of that, albeit not the only one. Most seem to assume that economies need to move from the primary sector (farming, mining, etc.) to the secondary (manufacturing) to the tertiary sector (services). That's what the 'experts' are saying China has to do now, for instance. But Switzerland is one of a bunch of cases that show how wrong that is. Manufacturing is significant part of its economy. It even still exports primary sector goods. Ditto in Singapore. You also have other states like the Netherlands or especially New Zealand where the primary sector is still a large part of their economy. The US isn't all services either, they're a large primary goods exporter too. Meanwhile we have places that DID take that assumption to its logical conclusion. Like HK, which went in all-in on finance and suffered for it (in contrast to Taiwan). Or the UK, which bet it all on banking, to its detriment.

[@ArawnOfAnnwn]

For me that most fascinating thing about Switzerland IS how it bucks conventional pop economic wisdom. This is another example of that, albeit not the only one. Most seem to assume that economies need to move from the primary sector (farming, mining, etc.) to the secondary (manufacturing) to the tertiary sector (services). That's what the 'experts' are saying China has to do now, for instance. But Switzerland is one of a bunch of cases that show how wrong that is. Manufacturing is significant part of its economy. It even still exports primary sector goods. Ditto in Singapore. You also have other states like the Netherlands or especially New Zealand where the primary sector is still a large part of their economy. The US isn't all services either, they're a large primary goods exporter too. Meanwhile we have places that DID take that assumption to its logical conclusion. Like HK, which went in all-in on finance and suffered for it (in contrast to Taiwan). Or the UK, which bet it all on banking, to its detriment.

[@dimarobert123]

Do Romania next

[@Kaede-Sasaki]

Switzerland was forced to comply with Russian sanctions, despite neutrality. US threatened them with blocking SWIFT access.

[@Kin-28-8]

Actually Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@Theodorebarba]

People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@Helen_white1]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@berniceburgos-]

How can i get started when it comes to investing and passive income?

[@Helen_white1]

Just research the name Stacy Lynn Staples. You’d find necessary details to work with a correspondence to set up an appointment.

[@DhanaPayar]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@stephanieherman2861]

one cool thing when working in switzerland is that wherever you go on vacation, everything seems to be very cheap. hence swiss are in all tourist destinations everywhere.

[@Funky420Infotainment]

living in switzerland, if I want to save money I go on holiday ;)

[@miliba]

I spent 28 Euros in a relatively expensive restaurant in Portugal, the type that mainly caters to tourists. It felt like a bargain to me. A local would never want to pay that much for a meal

[@0fficialdregs]

thats the hard part for people wanting to move to the country

[@bruninhamrso]

With the exception of travelling within Switzerland 😊 it is beautiful but so expensive

[@ΣτελιοςΠεππας]

This might be true, but there are so few of them that they usually go unnoticed.

[@Fourside__]

just an fyi for viewers. the average labour cost of 75 $ is not the hourly income that worker receives but the price an employer charges a customer for said workers time. and there are alot of people that dont earn that great of a wage for the price of living here. but beeing poor in switzerland is probably better than to be poor in any other country still

[@nunyabidness3075]

In the US it’s virtually impossible to actually figure out what your labor costs. That’s what’s killing us.

[@blueeyedpunk]

True the average cashier hourly income is 28,24 bucks for instance

[@Aanthanur]

even on "Existenzminimum" you are living a livable life, i would not consider it poor in global comparison.

[@xiphoid2011]

@@nunyabidness3075 actually it's quite easy. Your paycheck stub breaks down the various taxes and deductions line by line. So it's actually quite easy to figure out, you just need to learn how to read it.

[@nunyabidness3075]

@@xiphoid2011 We are talking labor COST. We aren’t talking your pay, which is only part of your compensation anyways.

[@switzerland]

You missed a lot. Banking and machining are only ~15% of the economy each. We have world leading corporations across many sectors. Heck, we export more cigarettes than cheese. That's the thing, the economy is highly diversified.

[@chemolution2839]

Every other sector pales in comparison to pharma.

[@switzerland]

@@chemolution2839 Exactly. Each Kanton has their unique global leaders.

[@WeekzGod]

Yea. It seems like he relied on stereotypes to make this video. World class education, world class nature, world class manufacturing, world class pharma, the list goes on and on. I’m surprised he barely if even mentioned chocolate.

[@ArawnOfAnnwn]

For me that most fascinating thing about Switzerland IS how it bucks conventional pop economic wisdom. This is another example of that, albeit not the only one. Most seem to assume that economies need to move from the primary sector (farming, mining, etc.) to the secondary (manufacturing) to the tertiary sector (services). That's what the 'experts' are saying China has to do now, for instance. But Switzerland is one of a bunch of cases that show how wrong that is. Manufacturing is significant part of its economy. It even still exports primary sector goods. Ditto in Singapore. You also have other states like the Netherlands or especially New Zealand where the primary sector is still a large part of their economy. The US isn't all services either, they're a large primary goods exporter too. Meanwhile we have places that DID take that assumption to its logical conclusion. Like HK, which went in all-in on finance and suffered for it (in contrast to Taiwan). Or the UK, which bet it all on banking, to its detriment.

[@rncmv]

@@WeekzGod "world class manufacturing, world class pharma" pharmaceutical industry is manufacturing industry as well

[@ozelotsoffunT-jz2rt]

As a German my dream is : live in Switzerland, work in Luxembourgh and Go Shopping in Germany

[@Tcchatting]

😂

[@philoslother4602]

Swiss wages are higher than Lux wages Work in Swiss-her-land, live in Ger-money, buy groceries from PISland, vacation in Russia,

[@PresidentFlip]

@@philoslother4602vacation in Turkey or Greece would be better

[@Master43deluxe]

Cost of living is so high in switzerland that is not worth it. Richest Europeans live in France and Belgium at the border with Luxembourg 😉 Even tough Luxembourg wages are slightly lower than Swiss ones for some reason those citizens are able to save more than German and French loving at the Swiss border. (Which are quite wealthy too)

[@fb7876]

@@philoslother4602 BS, when living in Germany (cross-border commuter) you normally have to pay horrible German taxes...

[@dvadatarunners6504]

Pretty bad research done on our apprenticeship centered education... we do not "stop our education" at 14 for work, no, we just switch from a wide and flat general knowledge centered education to a mainly work-specific education, an apprenticeship... a concept known for centuries in the western world And even though we work in a firm as an apprentice, we still go to school during, which not only teaches topics necessary for your job but also general education And if you chose the route of an apprenticeship over gymnasium, college and uni, you are not barred from going down that route after your apprenticeship

[@pegoe7784]

Yeah, sure you get general education just as everybody else in europe, but also on top of that you learn how to be lets say an electrician and get specific classes and practice ON TOP. Do Swiss children go out ever?

[@thomashornstein4253]

This is a poorly researched and compiled contribution. Banking lost its dominance. Not a word about Pharma, which has the largest contribution to the gdp for long time. But our real asset is stability due to our unique political system.

[@Lhawga]

EE like always

[@alanlee67]

K. When're you guys gonna pay up for the US generously defending you for free?

[@temmietim1023]

@@alanlee67 You mistake us for the EU, we have no dealings with the US. Also no one has invaded us so far not even WW2 Germany we owe you nothing.

[@GumRamm]

While Switzerland is indeed a diverse country, it’s misleading to say that moving between cantons is like moving between countries. A more accurate comparison would to moving between states in the US: Yes, there are cultural and economic differences, but the change is often gradual and not that significant.

[@3komma141592653]

I think it mostly applies to legal terms for companies. Taxes are fairly different and lots of laws are made on lower levels. For your day to day live you won't notice anything.

[@christiangrantz6906]

Don't they speak different languages in different cantons too?

[@pdr.]

The income concentration stats were also really badly misinterpreted. In SZ and ZG, the wealth and income are concentrated to the top 10%, but in other cantons, it is more distributed. That is very different to saying that the wealth in Switzerland is concentrated in those two cantons, which is patently false.

[@crowmob-yo6ry]

Except most of the USA is ultra car-dependent, while almost all of Switzerland has walkable areas with good public transit. Moving from NYC to Tampa is a much bigger contrast than from Zurich to Bern.

[@crowmob-yo6ry]

@@christiangrantz6906 Language barriers are easily the biggest challenge when Swiss people move within their country, such as from Geneva (French-speaking majority) to Zurich (German-speaking majority).

[@TheSeppentoni]

not even one word of the pharma sector. pff, so this is the level of accuracy of this channel. very telling.

[@3erglinG]

I've been watching it as a joke channel for a long time now. No way this could be considered a serious thorough analysis.

[@Homer-OJ-Simpson]

Well, they can’t cover every industry and it’s way to miss one sector when there are many examples Examples of the different industries they are in that are high value / margin goods. Pharmaceutical, manufacturing equipment, watches, banking/finance, chocolates, agricultural products, textiles, etc. A little knock for missing one of the bigger ones but not a big deal

[@samuel.andermatt]

@@Homer-OJ-Simpson Pharma is probably the biggest one. chocolates and agriculture products probably dont matter and banking has been shrinking for years now.

[@leonardotheuseless4188]

​@@Homer-OJ-Simpsonmissing pharma in a video about Switzerland is nothing short of a massive blunder.

[@uridmom9680]

Not mentioning the industry responsible for 30+% of the countries exports does seem like intentional misinformation. Further misleading content: The banking sector has been halved in relative terms in the last 20 years. It is nowhere nearly as important as in the last century. Also the relative economic growth has been stronger than most other advanced economies, though also relying on Western Europes largest population growth.

[@arden7713]

So you keep saying switzerland can't export stuff by water. However the rhine is a navigable river so they can reach the ocean

[@cowboy4378]

I believe they have an agreement with other nations that let them use the Rhine as if its their own waterway, avoiding tolls and taxes and such. Not very useful in a war, but for now

[@3komma141592653]

@@cowboy4378 The Rhein is international waters and free movement for shipping is guaranteed. Biggest part of our fuel comes that way, so prices go up when ever the water level is low.

[@ireminmon]

It's a meme channel, no serious analysis whatsoever

[@POLARTTYRTM]

The title really makes me say there are not enough videos exploring the aspects of Liechtenstein, Macao and Bermuda for their ultra-super high income economias.

[@nunyabidness3075]

My reaction was to ask, what does “deserves” mean? The beauty of economics is that it is actually very fair in that intentions don’t really matter. It doesn’t matter that you raise a tax or ban an activity in order to feed the poor or oppress the middle class. The economy will spit back the same result. You might get people to act a bit better with your rhetoric in the short term, but in won’t be long until your tax increase or tariff or regulation has the inevitable effect.

[@ArawnOfAnnwn]

@@nunyabidness3075 That isn't fairness. If anything it just highlights how the world isn't fair, and its systems more so.

[@nunyabidness3075]

@@ArawnOfAnnwn There’s more than kind of fair though. Look at golf. In golf, players have a handicap. OTOH, look at the 100 meter dash. Both are fair contests. You can have whatever economic system you like, but there’s no free lunch. Your results will not be handicapped. So yes, the work isn’t fair, but there’s also two ways the world isn’t fair. Some people are born smarter than others, so you can have an IQ test and some score higher. Some can be given advantage by telling them the answers. Both not fair, but in different ways.

[@Homer-OJ-Simpson]

Microeconomies are very different though. Not even fair to put them into the same category

[@ardentenquirer8573]

Yes I would like some videos on Bermuda because I know corruption and negligence within the financial sectors of Switzerland and Luxembourg. The Swiss Financial Market Supervisory Authority (FINMA) and the Commission de Surveillance du Secteur Financier (CSSF) seem to be complicit with financial institutions, enabling them to evade accountability for their negligence. As a result, these regulatory bodies no longer offer a reliable or secure environment for foreign investors, further undermining trust in their jurisdictions.

[@Tullochr105]

One of the most unique qualities of Switzerland is their Direct Democracy and Decentralized Governance model. The video mentioned some down sides, slower administration and cantonal inequality. But, no analysis on any positive effects of their unique governance model on their economy.

[@anime0965]

I guess we need to play hoi4 for that.

[@alx9r]

The idea that Swiss administration is “slow” is laughable. I regularly hear this kind of rhetoric from english-speakers in Switzerland. To a person in the end what they are really complaining about is that they can’t just do whatever they feel like with impunity.

[@otavongryf1379]

And they dont mention that different cantons also mean more competition between governments, which benefits the citizen.

[@TheAdamAdy]

Inequality is actually a sign of very wealthy economy. Want more wealth in your canton? Lower your taxes and wealth will move towards your way.

[@JonFranklin]

​@@alx9r this is not it at all. I've lived in Switzerland for 10 years now, and it's quite obviously slow to respond to the world evolving.

[@zsomborszigeti6797]

Kinda crazy how they were the first in Europe to involve women in the workforce, but also the last to giv them the right to vote.

[@Alphamaan]

Women would have voted for whatever the church wanted. That’s the reason.

[@OBEYTHEPYRAMID]

It's not that crazy. Women with strong arms aren't that rare. Women with brain cells on the other hand...

[@spambot_gpt7]

Smart.

[@omegraptorch3624]

Second to last. But yeah.

[@NorthgateLP]

The reason for that is, that in Switzerland law changes are typically approved by the voting population. And so in order to give women the right to vote, more than 50% of the male voters had to vote yes.

[@Zed_Oud]

Switzerland’s cities are some of the most walkable in the world. That helps help taxes lower in a fiscally sustainable way.

[@gumbycat5226]

Switzerland emerged with the weakening of the Holy Roman Empire as one of three centres of finance and industry in Europe, the others being the Italian city-states and the Hansa league of German city states. While the other two groups declined due to power struggles, Switzerland has always been able to maintain itself, due in large part to its mountain fastness and rivers. It has always had a leading role in finance and manufacture, and, like the Italians and Germans, was ruled by its merchants until the French Revolution. Its position today is not the result of a fortunate set of events around WW2. Its extraordinary success is based to a significant degree on the fact that it is the only country run as a democracy. Switzerland fully democratised in 1860, beginning the process in 1848. The Swiss people, not their politicians, directly make all major decisions. They review their entire constitution every three months and can even deny their governments funding. Thus, if Switzerland weren't ruled by a prudent middle-class, it would be subject to populism and inherently unstable (read The Federalist Papers, written by the authors of the US constitution, to find out why the USA explicitly rejected democracy as its model of government). It is the stability and culture of the Swiss people that brings about the stability of the country. Read Jean-Jaques Read Rousseau, a citizen of Geneva, to find out what he thought of this very predictable country in the decades before the French Revolution. Nothing has changed since the late 1490s, when Switzerland declared eternal peace, armed itself to the teeth, dismantled all forts (so that no part of the country could be held by foreigners) and focused on finance and industry.

[@seanmcdonald5859]

Just so everyone is on the same page: this video is a very broad and surface detail overview and NOT a detailed analysis of an economy.

[@scruffy484]

As someone who was born and raised in Switzerland and has lived in many different mainly western countries I now wonder if this episode is just badly researched and skewing an actual economic discussion in hope to make it headline worthy but not holistic and/or realistic or if the other videos are just as flawed and I just wasn't aware of it given my knowledge bubble.

[@Sthuont]

His videos are often if not always deeply flawed and draw absolute conclusions from very deficient data filtered through ideologue mantras from economists. I wish he would ease off on his absolutist black and white simplistic assertions, it makes me feel embarrassed as a fellow Australian. I know very little about economics and have no formal economics education and yet I see time and time again a serious deficiency in the veracity of his expositions.

[@mysterioanonymous3206]

Swiss here... He obv left out a lot of nuance but I think it's a good and fairly accurate primer. It may be incomplete but it's not false either.

[@pegoe7784]

@@Sthuont Wait, so what do you expect to see data from for the economy? Not from economists?

[@wurzel85]

strange focus on the banking sector, which is large at 10% of GDP, but no larger than in the UK

[@JakeSmith-jy1kx]

Swiss and banking go together. You can’t tell the economic story by talking about shop clerks and ski patrol in Switzerland.

[@hyperion3135]

It is only 10 % of gdp when you add insurance companies.

[@davidm8394]

@@hyperion3135officially… banking is way more than the Swiss will let on

[@ardentenquirer8573]

While I acknowledge that Switzerland's financial sector may be relatively small compared to its GDP, you are overlooking the serious issues of corruption and negligence within the industry. The Swiss Financial Market Supervisory Authority (FINMA) seems to be entangled in these corrupt practices, failing to address them effectively. Regardless of the size of the financial sector, a corrupt banking system, combined with regulators turning a blind eye, will inevitably erode its integrity and threaten the nation's long-term economic stability.

[@robk1003]

The financial sector completely distorts the UK economy. As someone who has worked in manufacturing and engineering for 40 years in the Noth-West of England, I completely resent my taxes bailing out banks in the South-East following the financial crisis.

[@michaelpfister9960]

As a Swiss person, it's great to see a video on our country. However I think you missed few important aspects. First no mention of the Pharma industry which is crucial to understand the Swiss economy. Second is the Swiss currency. The Swiss Franc has notoriously been expensive against other big currencies, which is a sign of strength of course but also a detriment to exporting industries. Especially during the past three decades, this has forced the local industries to innovate to create products that are worth the "currency premium" - much more so than in the surrounding countries. Basically a product made in Switzerland must to be extremely high end for it to be exported.

[@pdr.]

Direct democracy is likely the real reason Switzerland has economic superiority and is going to continue to do well.

[@FersHomeTablet]

Switzerland good life is real and it is based on real exports, not reputation. Our exports provide our customers the best value, sometimes at the highest price. All this is based on great education, excellent infrastructure and a stable political system. One major difference with other countries is that in Switzerland there is no president, no Prime Minister, no king, no dictator and of course no presidential elections! Our politicians in parliament go to work using public transportation or their bicycles (no driver, no bodyguards). I think that you missed this important part of Swiss society which foreigners never can understand!

[@CultureCrossed64]

Don't forget theft, loooooooooots of theft. Like, truly comical levels of institutional theft and grift on other countries.

[@argentaamore]

Dream system

[@davidm8394]

Real exports… ? 😂😂

[@hououinkyouma1458]

but how do they run their systems then without any president?

[@planetarysolidarity]

​@@hououinkyouma1458😆

[@Timey254]

A LOT of Swiss citizens have a PO box in Germany just across the border so they will order products on German Amazon and have it sent to the German PO box and then pick it up on the weekend. They save a LOT of money that way.

[@philippevonarx8642]

one big advantage for the swiss people: outstanding public transport and bicycle lanes. this means you don’t necessarily need a car, which is one if the greatest wealth killers for low income families

[@rjk0128]

Bicycle lanes? You might be confusing the Netherlands or Denmark with Switzerland, most swiss Cities have really bad bicycle lanes if any at all, and they're sometimes dangerous. I have lived in both the Netherland and Switzerland, and by no means should anyone think Switzerland has any place that comes near to what the Dutch think is normal throughout their whole country

[@pongmaster123]

@@rjk0128 rjk0128 is totally correct. i'm from zurich.

[@leonardotheuseless4188]

Outstanding public transport that costs a kidney

[@MV-gc6du]

@@rjk0128 obviously compared to the dutch we suck at bicycle infrastructure. Not Just Bikes makes great videos about such infrastructure topics, he lives in the netherlands and has visited switzerland to make a video about it. You should have a watch if you're interested in these kinds of topics. The takeaway is, most swiss city bicycle infrastructure is still pretty advcanced compared to most countrys, even most european countries.

[@ireminmon]

Cars do not destroy wealth, you are brainwashed. Switzerland doea in fact have large "car-dependent" countryside and some of the strictest height limits for buildings. Car ownership rate is above EU average. But the trains are indeed better than any other country.

[@g0801215]

I have lived in Singapore, Switzerland, Denmark, portugal and the UK and Switzerland is my favourite. I thought Basel was quite rich canton as is the home of a large number of pharmaceutical companies.

[@mostbeautifulroads9789]

I agree, except for the Basel part. 😉 Switzerland is lightyears ahead in terms of quality of life compared to say the UAE. It's in a completely different league.

[@standardprocedure7017]

@@mostbeautifulroads9789 How?

[@Tcchatting]

Basel is the worst city in ch 😂

[@Phil_br]

@@Tcchatting no it’s Geneva

[@mostbeautifulroads9789]

@@standardprocedure7017 In the UAE you are confined to man-made structures and your car. There's hardly any nature and nothing to do outside of dusty concrete-deserts that heat up to 50°C and force you to use your car to get anywhere. Yeah the marina is nice, sure, and there's a few nice restaurants as well. But you've seen most of it in a few weeks and then it gets stale pretty quickly. In Switzerland the climate is temperate in comparison, there's HEAPS of things to enjoy and especially all kinds of nature to explore year round, a ton of culture and brilliant infrastructure to connect it all. You can spend years diving into the different regions, enjoy their culture and explore their differences. You don't really have that in the UAE. Don't get me wrong I'm not trying to unnecessarily hate on the UAE & Co, they have their place. But outside of low/no taxes there's really not a lot on offer to enjoy your life long term in my opinion but of course that also depends on what you need/want from your home country. I've worked & lived in many countries in Europe and decided to live in Switzerland while having spent some time in the UAE, have friends living in the UAE and colleagues who've worked there and KSA for example. You can certainly earn good money there but it really isn't a place to enjoy life in my opinion. For that Switzerland is the first and only country I've visited where I immediately felt like I wanted to stay and ultimately ended up moving with no intention of leaving anytime soon.

[@ReaperCH90]

This video has a lot of inaccuracies which are already pointed out in the comments.

[@oricat101]

At least mention direct democracy. As a Swiss person I can tell you that this ia a major part of our success.

[@MahmudMüller-k7f]

I think that this is a bit too dramatic. Just because Credit Suisse colapsed, which wasnt a big suprise for many swiss people, dosent mean switzerland is doomed or has an image problem. Especialy not economicly speaking. Swiss people have special ways making them a unique and reliable bunch to conduct bussines with. And yes switzerland faces many problems as any other nation does but in the end it can still rely on a century long tradition of peace and stability which virtualy no other nation can compete with.

[@marcmonnerat4850]

The fall of _Swissair_ was more dramatic back then, as it was the first. We know it may happen, and most people are suspicious of the big banks.

[@ardentenquirer8573]

You are overlooking the corruption and negligence within its financial sector. The Swiss Financial Market Supervisory Authority (FINMA) appears to be entangled with these corrupt practices, failing to address them adequately. Regardless of how diversified an economy may be, a corrupt banking system coupled with regulators turning a blind eye will inevitably undermine its integrity and long-term stability. Sorry

[@Blue_8800]

Thats bullshit...no swiss,expected the CS to go down , they all expected the government to save it.

[@mysterioanonymous3206]

I might add that "Swiss banks" have a mixed reputation with the Swiss people and not everyone likes being put in that basket with them. They have plenty critics within the country. Our biggest issue however is the EU. We rely on them nearly 100%. And let's face it, half of them are incompetent and the main driver, Germany, is aging out which will affect all of Europe in major ways. Not saying we should join (we shouldn't) but our economy is intricately linked to the theirs. We stand and fall with them, simple as that, whether you like it or not (I don't). 100%.

[@3komma141592653]

UBS will collaps too at some point. You can easy see that they are doing shady business like they ever did. But also like all banks do. But in the end it will be better that way. Switzerland has many mid size and small banks who will do their job just as good without that one single risk in one company.

[@TrendyStone]

I’m visiting Switzerland right now. Fantastic country. I’m shocked to see so many smokers though. Seems like smoking has become quite unpopular in the US, but apparently not here.

[@micheleleimbacher5867]

I am Canadian and have lived in Switzerland for over 20 years, and I agree that smoking in North America is very unpopular. But Switzerland is the home of Philip Moris after all, so negative publicity about smoking is very very rare.

[@TrendyStone]

@@micheleleimbacher5867 Makes sense. Either way I must admit the Swiss are more healthy than Americans. I’m sure all the walking and biking helps.

[@jean-marcducommun8185]

Smoking is better than having 100 pounds overweight and consuming sugars all the time like in the US. Swiss people rank top on long living contrary to the US where it’s rapidly falling.

[@TrendyStone]

@@jean-marcducommun8185 Smoking is bad for you…and a gross habit. Being obese is even worse. Is that what you were trying to say?

[@markos_evolution]

A high share of the Swiss population smokes, unfortunately. Although not at the rates observed in Greece/Bulgaria, it is felt much more because people feel they have the right to smoke everywhere outside. You can't really enjoy a drink or a meal in a bar/restaurant exterior seating area without breathing in second-hand smoke. Outside every shop, every public building, train stations, bus stops, etc. someone is always smoking without regard for anyone around them. Icing on the cake is that the same happens with neighbors, but there's nothing you can do. You have no right to clean air. This is of course due to heavy lobbying from Philip Morris and similar, and the Swiss simply don't seem to get that they are destroying their health and that of us non-smokers. You literally see people smoke next to their own or other people's kids. I mean, you must be out of your mind to do that. Looking forward to a smoke-free future...

[@demon2441]

This video is all over the place and seems like something meant for people who don't know and won't research Switzerland.

[@ruskyalmond1977]

This video was made for context around the WW3 taking place in the grey zone right now.

[@jstasrcsticguy]

Funfact: Its not Switzerland but the US which is ranked first on the world financial secrecy index.

[@ArawnOfAnnwn]

Yeah, and mainly cos of one state...-_-

[@kurtmueller2089]

Can confirm, as long as you are not trying to be secretive towards the US itself

[@Homer-OJ-Simpson]

Well, it’s specifically Delaware. As a whole, Switzerland ranks higher than US

[@jstasrcsticguy]

@@Homer-OJ-Simpson Nope, there are far more states in the US where you can easily create a shell company and you don't even need to identify. And the FSE doesn't care about states, just the country.

[@jstasrcsticguy]

@@ArawnOfAnnwn Doesn't matter, thats the weakest link in the chain

[@bigjared8946]

They're "neutral" the same way Turkey often is but with more rhetorical flourishes. They pragmatically do what's best for themselves, and there's nothing ultimately wrong with that approach. The dogmatic "neutrality" thing is more a marketing gimmick than an actual policy. Let's not pretend places like Manhattan, London, south Florida etc aren't also perfectly happy being places where dirty money can be opaquely parked with very favorable tax structures for doing so.

[@DrCyrilClearance]

Hello, I want to start investing, but I'm unsure where to start. Do you have any advice or contacts for assistance?

[@Homer-OJ-Simpson]

It’s fascinating to see how many different industries they are in that are high value / margin goods. Pharmaceutical, manufacturing equipment, watches, banking/finance, chocolates, agricultural products, etc.

[@eljanrimsa5843]

People telling their politicians what to do four times a year is what creates the stable, fair, slow-changing society that is the the base for everything else.

[@danielintheantipodes6741]

I have not been to Switzerland yet, but the scenery looks very beautiful. Thank you for the video!

[@filoulegrand]

You might want to check out the pharmaceutical sector. Its contributing an enormous part to swiss exports and wealth.

[@theconqueringram5295]

Switzerland is one of my favorite countries.

[@viktorianas]

And what is your favourite then? Just wondering what country could be better than Swiss?

[@Holyspace305]

@@viktorianasprobably none in terms of quality of living but there are many countries that are more economically friendly . I hope to move there when I get rich tho

[@lukaszepesi]

You can live a good life with a lower wage in Switzerland. You can learn how to avoid the most expensive, low value services if you live here and if you're not irresponsible with your money, your basic needs will always be covered and you can save up for vacations or other nice things. And I think Switzerland will be able to adapt to the changes in the global economy and future challenges.

[@ArawnOfAnnwn]

For me that most fascinating thing about Switzerland IS how it bucks conventional pop economic wisdom. This is another example of that, albeit not the only one. Most seem to assume that economies need to move from the primary sector (farming, mining, etc.) to the secondary (manufacturing) to the tertiary sector (services). That's what the 'experts' are saying China has to do now, for instance. But Switzerland is one of a bunch of cases that show how wrong that is. Manufacturing is significant part of its economy. It even still exports primary sector goods. Ditto in Singapore. You also have other states like the Netherlands or especially New Zealand where the primary sector is still a large part of their economy. The US isn't all services either, they're a large primary goods exporter too. Meanwhile we have places that DID take that assumption to its logical conclusion. Like HK, which went in all-in on finance and suffered for it (in contrast to Taiwan). Or the UK, which bet it all on banking, to its detriment.

[@ICreatedU1]

Cool insights!

[@atilaneves76]

Services are most of Swiss GDP

[@JonGreeny]

@@atilaneves76 Services make up most of the GDP in Switzerland you say? Then it must be quite an unproductive country generating money from offering non essential businesses.

[@atilaneves76]

@@JonGreeny In every rich country services are most of GDP. Petrostates don't count.

[@JonGreeny]

@@atilaneves76 Services don't create much value compared to natural resource rich countries. Switzerland is a lazy country living off the sweat and toil of poorer countries endowed with resources.

[@davelink88]

Always interesting to learn about your own country

[@KunjanChauhan]

Actually Switzerland is unique in that citizens can vote directly on specific issues e.g. joining the EU or banning pesticide use. There is no other country on the planet that allows this degree of voter participation. Also by volume of assets, the biggest offshore banking has always been and still is the UK. Where do you suppose colonial loot is stored?

[@thabangmphela7322]

Videos are so addictive!

[@libelldrian173]

You didn't put enough emphasis on Switzerland's unique political system. It is the only direct democracy in the world where it's very hard for the political class to ignore the will of the people and make decisions against them.

[@ud1235]

Love your channel! Learnt a lot about business being an engineer. Tyvm!

[@Valentinouchka]

a video about the economics of switzerland and you don't even talk about pharma ? at least make the effort to check the ranking and the market cap of the swiss index... poor quality and misleading

[@cyzcyt]

Reminds me of those highland poppy growers and their refinaries

[@raffaelewyss4465]

As a Swiss citizen: I am impressed by the general accuracy of this video. Although Switzerland has a reputation for having gotten rich off sketchy financial business, it is much more than that and you did well in showing the importance of our machine industry and our political stability. Another factor to look at could have been the strength in innovation Switzerland has and also the large pharmaceutical sector (exports as well). Still, for how complex of an issue the economic success of Switzerland is, you mentioned a larger number of important factors than most swiss citizens probably could and busted some myths as well! Keep doing such amazing videos!

[@rucky_665]

Purchase power within the country in Switzerland if far better than in Germany, the Netherlands, Australia and many other countries. Therefore, despite being really expensive, you still have much more money left at the end of the month.

[@Holyspace305]

Well that’s because the Swiss people are insanely rich if ur a foreigner you have to get very rich to live there comfortably

[@eljanrimsa5843]

@@Holyspace305 As a foreigner who is not rich and lives in Switzerland I get paid well, that is the key.

[@Justyannicc2]

Saying "decision are made behind closed doors" in the most Democratic country on the planet is ironic. Every political decision can be voted on by the public. So no, it's all being done in the open.

[@00101001000000110011]

i think he meant in the private sector, not the public one.

[@Phil_br]

The recipe of Swiss prosperity: very stable political situation (same constitution since 1848), same currency with no devaluation since more than 100 years, skilled hard working population, regional autonomy, low taxes for businesses, no war since ever, central location in Europe, very good public transports, social-democracy with liberal economy, and other things, which encourage lots of foreign investments and jobs creation

[@JonGreeny]

Lies! Majority of Swiss locals don't do much of the physical labour - that is delegated to the immigrants. Taxes are not really low in so many instances. Political landscape isn't really thrilling or exciting so it just remains as it's been for many decades. Liberal economy? LOL! I've not seen a country like Switzerland that has so many stumbling blocks put in place for people wanting to start a business. There are strong monopolies in Switzerland that control almost all sectors of the national economy thus making it extremely difficult for new entrants.

[@Kaede-Sasaki]

The swiss constitution has been changed since then. Working off 1999 constitution.

[@SICHTKRAFT]

The Swiss Franc lost 90% of its value in 100 years. I don't know how you think they had "no devaluation".

[@johnnytifosi]

And hosting all of the world's black money to finance your economy.

[@wmkwm-y4c]

@@johnnytifosi @johnnytifosi good luck financing your economy with that when foreign assets only contribute 2.5% to it.

[@danielprosen2932]

Not mentioning their direct democracy system, the fact that they are the most innovative country in the world, among many other topics, shows a very one-sided version of Switzerland. I'm not a Swiss myself, but I'm astonished of the number of insights that were not considered.

[@JonGreeny]

Switzerland isn't really innovative if you've lived there long enough to know.

[@danielprosen2932]

@@JonGreeny according to the WIPO's Global Innovation Index (GII), Switzerland has been the most innovative country of the last 13 consecutive years in a row.

[@JonGreeny]

@@danielprosen2932 Those are just paid for statistics because probably some corporations in Switzerland benefiting from low taxes and favored by government policies were involved in the generation of that data.

[@danielprosen2932]

@@JonGreeny I see, thank you for the clarification. I will definitely consider your random opinion, as it certainly has more credibility than a global research with clear measurments and a transparent methdology 😂

[@JonGreeny]

@@danielprosen2932 Ask real Swiss people if they believe their country is really innovative as those made up ratings say.

[@IwoZamora]

3:23 It is misleading to say that CH's economic groth only started during WW2. GDP per capita was already the 2nd highest in Europe, in the 1880s. A rank it hold until it surpassed the previous front-runner, the UK, in 1925. So CH wad already the wealthiest european nation by the start of WW2, and only 2nd worldwide, behind the US.

[@tylerhackner9731]

Big focus on the banking sector

[@TheSwedishHistorian]

if anything Switzerland is more unique when Sweden (who previously had the longest neutrality record in europe over Switzerland) is in NATO

[@theosuellow651]

All dwarf states in europe are pretty wealthy. you can either take the chauvinistic approach of attributing it to their exceptionalism, the ignorant approach of implying that small polities are better managed than big ones or the economists approach of attributing it to the fact that they all have rather low taxes. If you are small enough a reduction in your tax margins leads to such a great influx of capital that the growth in the base more than makes up for it. It has the added benefit of increasing the ratio of capital per labor which increases wages and thereby general wealth. But its an asshole move that only small states can make and it comes at the cost of their larger neighbours through corporate BEPS (Base Erosion and Profit Shifting) practices.

[@dongameleone2489]

every vineyard farmer knows what is Felco, and why even though it costs 10x as the second thing, is the absolute best and worthwhile.

[@guillaumegermain4951]

As mentioned, it took maybe centuries to build this high end expertise, it would obviously not take as long to copy the approach. The problem is just that it would still take quite some time and I believe, longer than most countries want and can be consistent with this approach

[@jbjaguar2717]

If it were the expertise alone it wouldn't be so difficult. But you can't easily copy: infrastructure, education, legal and political structures, and international reputation.

[@joels7605]

Great video, but the lathe shown was a conventional lathe. Not a Swiss lathe.

[@BatsiraiMusuka]

Coming from the global South, countries like Switzerland and The Netherlands (and now Dubai as well) leave me very conflicted. But perhaps Switzerland fares much much better than The Netherlands and Dubai, by far.

[@Sthuont]

Coming from the Global Deep South, the term "Global South" and its connotations has always left me very confused. The most southerly nations in the world are Chile, Argentina, and Uruguay in South America, South Africa in... suprise! Africa, and Australia and New Zealand in Oceania. Chile, Argentina, and Uruguay are the wealthiest countries in South America, South Africa while it has some serious issues is still the wealthiest country in Africa, and Australia and New Zealand are up amongst the wealthiest nations on the planet. Time to retire the term... which I thought it already had been once the 90's ended, but it seems to be back in vogue recently 🤷‍♂

[@BatsiraiMusuka]

@@Sthuont my friend, l like how you are distancing yourself from “those other countries”. To the west… you will always be Afrikan first before they see anything else. Worse if you are Black. Look how quick it was to label SA “junk status”. The moment you realize you are part of the neighborhood the stronger the neighborhoods’ chances are of removing these labels (or turning them to our favor). That BRICS label, was coined in the same disrespectful fashion, but the labeled nations took it in their stride and realized unity would turn the insult into a formidable bloc.

[@rodibremo]

Don’t lose your sleep about my country. The Swiss quickly analyzes reality and adapts.

[@TheBFT]

at 13:06 there is something that says published October 10th, 2024. It September 9.27.24.

[@WeShredForBeer]

The video is missing a lot. Its is only talking about finance and watches, completely ignoring the pharmaceutical sector which is 50% of its exports. This is also a sector which you cannot easily replicate in the gulf States ;)

[@SixonQQ]

Im 27, Salary of 6200 Franks x 13 - i do 8h of Homeoffice, work of those 4h at max. 🎉 living the dream of compliments of my Coworkers

[@micheleleimbacher5867]

Don't sit on your laurels, your type are the reason why many jobs that can be done at home are being outsourced to cheaper countries with cheaper wages. I am Swiss and have seen many people lose their jobs this way.

[@Geometric-Rate]

Correct that if your job can be done from home then it can be done abroad. Eventually that job will be accomplished by AI, which learns collectively and never ever forgets.

[@JonasHenn]

The changes are maybe slow on a staate level but the bureaucracy is actually quite fast, when I talk to people from Italy, Germany or France they tell me they have to wait for months on things like permitts and new ID cards. And even if the things are slow at least the government can't just make a decision that the people do not want.

[@DavidRose-m8s]

Switzerland has plenty of land ports. ( Direct land corridors to other countries so saves on shipping.) There is also a very big chemical industry.

[@Ing-eo]

We are the best ;)

[@GMSKI7]

The Swiss, is the most exploited, domesticated and submissive economic being that the Earth has to bear but this truth must not be said. Working and consuming is the insurmountable horizon that the Swiss is forced to. Economically we are a very rich country and necessarily humanly we are one of the poorest countries. Words from Switzerland

[@wmkwm-y4c]

You're a welsch. Not swiss.

[@GMSKI7]

@@wmkwm-y4c and you are a boche?^^

[@JonGreeny]

Well said! Been there. The system is oppressive, overly regulated, too many rules to adhere to, and the social life there is probably amongst the worst in Europe. The citizens are mostly unhappy because as you've said life in Switzerland mainly revolves around just work, consumption and tons of money being paid back to landlords and insurance companies.

[@wmkwm-y4c]

@JonGreeny in 2022 the swiss population was the most satisfied with its life according to eurostat. There absolutely is social life in Switzerland just go in cities.

[@JonGreeny]

@@wmkwm-y4c They might be satisfied with material aspect in terms of consumption and access to goods. Everything else is quite a disappointment in Switzerland. Go ask the expats and even some locals who are not so close-minded.

[@chunyuenlau56]

You forgot to mention Roger Federer, which is a symbol of quality, class and integrity, admired by many. Great ambassador for Switzerland !

[@alexeecs]

WAIT WHERE IS THE LEADERBOARD

[@IwoZamora]

This is not the 1st EE vid about CH. One year ago it was ranked by EE as 8.4/10, which put it on 3rd place aftet the US and Ireland.

[@alexeecs]

@@IwoZamora thanks. Usually they do an updated ranking if they did it before though

[@bigsarge2085]

Interesting.

[@fr0wmaj150]

No one deserves anything, there are only causes and consequences...

[@mmmmkkk]

Even though many companies still put high price tag on 'swiss quality', it's very often neither swiss nor that good. Products are often only 'designed' in CH but made elsewhere. Or the employees are 90% not swiss, not to mention swiss means nothing as Switzerland is extremely divided and diverse.

[@JonGreeny]

Switzerland isn't diverse. Not at all.

[@mmmmkkk]

@@JonGreeny I guess you misunderstand diversity for ethical diversity ;⁠) The differences between cantons, especially for such a small regional is huge. Between people, law, institutions, traditions, etc

[@123FireSnake]

@@JonGreeny It's actually very diverse in terms of ethnicity and background. Our goal is just to assimilate people rather than having them form inferior subpopulations so ethically and morally they become swiss that's how we deal with the large influx of migrants. 25% of the swiss population is foreigners and another 15% used to be foreigners, i.e. went through the process of becoming proper swiss citizens. So in terms of nationality we are one of if not the most diverse country we just like to pick what we get rather than letting leeches in.

[@JonGreeny]

@@123FireSnake 25% of the foreigners are mostly of European origin hence Switzerland is ethnically very homogenous. Don't argue against this vey simple fact.

[@humicroav215]

No leaderboard update?

[@andrewstanwix-en2cz]

Another point, businesses with charity stats (fifa, Red Cross, Olympic committee, UEFA) are based in Switzerland and need to spend all the money they make/given by the end of the financial year so extremely large sums of money are forwarded into the local economy as they can’t hold on to it.

[@afiether]

Regarding the salaries, yes it's number one. But taking into consideration the prices, you need to do lots of concessions and efforts to save money, otherwise all your salary is gone. Crisis also affected Switzerland, prices gone through the roof for insurances and rentals. And salaries, like everywhere, didn't increase. Traffic is one of the worst things you can imagine, all highways are jammed, oftentimes outside rush hours as well. Also too many people reside here, making the country very congested and loud. I feel there's not enough space sometimes

[@mysterioanonymous3206]

Same. I just moved from Zürich to the countryside because of that. But even here it's getting a little denser than I would hope for. Still far better than Z though.

[@sciencefliestothemoon2305]

The steady increase in health insurance cost, even with the highest franchise is starting to be a problem and I get the impression that governement and higher officials completely ignore the demographic transformation due to the steady influx of foreign workers, specifically highly qualified workers.

[@Bean86]

I grew up in Zürich and still regularly visit. If you think traffic and population density is bad there you better not go to SEA, especially Bangkok or Jakarta

[@mysterioanonymous3206]

@@Bean86 yeah, but you compare it with some of the denser regions on the planet (the Indus-Ganga plain or HK might have been better examples). You might as well compare it to the US where the opposite is the case (mostly), where you still have vast stretches of emptiness and an intact nature. In Switzerland you can go on top of the most remote peak and you'll still see at least a few farms if not a village or two and most definitely several cable cars. Jakarta may be busy but they still have vast stretches of jungle and uninhabited islands whereas we have no true wilderness anywhere whatsoever.

[@afiether]

@@Bean86 Actually visited both Bangkok and Jakarta, in time Switzerland might end up with a similar density

[@JonKuster]

SWITZERLAND was rich far before WW2's "money safe harbor" by TOURISM and spreading wealth more EQUALLY by relatively fair (more social than other countries) tax laws. AND STILL the tourism sector keeps it functioning.

[@kurtmueller2089]

it actually was dirt poor all the way until the 50s. Yes, it had some very rich companies and individuals, but by and large it was not rich.

[@mshark2205]

@@kurtmueller2089people are so ignorant. Easy to look up info online which shows that Switzerland started getting wealthy in 70s and 80s. A century ago it was the poorest nation in Europe.

[@JonKuster]

@@kurtmueller2089 False. Watch a few documentaries please. From 1850 to 1950. Then compare it to the surrounding countries at the same time. VERY RICH and VERY ADVANCED already back then. It started with Napoleon's Visits, as he was the first to spread in Europe, how beautiful it is. That brought rich and famous people to Switzerland, enjoying it and further spread the word. The hotel businesses have quickly become the biggest and best, until U.S. hotel businesses overtook them after WW2, as the U.S. ecomony of course could grow so much faster after that war.

[@kurtmueller2089]

@@JonKuster Documentaries say nothing about the life of the average citizen. Thats exactly my point. Swiss themseves in their newspapers, books, novels and private communications acknowledge just how poor they really were, on average, during that time

[@wmkwm-y4c]

​@@kurtmueller2089gdp per capita was 2nd highest in 1913

[@kentroglobalinvestmentllc8921]

Again, creator denied any communications by professionals, stated tons of opinions not backed by fact, and even when offered research help for free , decided not to take it, opting to keep wrong information up to inspire more likes

[@lordbertox4056]

A bunch of stereotypes in the video instead of easily obtainable data

[@KennedyWilliams-p7k]

My main concern is how to survive all of these financial and political crises, especially in light of the US political power scuffle. The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of bad governance.

[@rss1322]

Did the speed finally get back to normal or did i just get used to it!?

[@constantincatalinpatrut7975]

I wonder how a documentary about us would sound like when made by this dude

[@NotADoctor828]

Where would Switzerland land on the EE leaderboard?

[@3erglinG]

Ah yes, the canton of Schweiss 😰😰😰

[@wmkwm-y4c]

He says Switzerland wasn't rich before ww2 but in 1913 it had the 2nd highest gdp per capita in europe 🤦‍♂️

[@00101001000000110011]

what about decades before and after that specific cherry picked year?

[@wmkwm-y4c]

@00101001000000110011 it got in the top 10 richest in the world in 1860 and then always kept in the top 10 I think there's a video that shows the graph for the world gdp per capita

[@wmkwm-y4c]

@@00101001000000110011 top 10 in the world in 1860

[@wmkwm-y4c]

@@00101001000000110011 top 10 in 1860

[@janschmid281]

From personal experience, even my parents didnt grow up in an "wealthy" country. Sure there were many wealthy people here but the middleclass only cought up in the 80-90.

[@homewall744]

Switzerland was doing better because they are non-aligned to military empires, though they now suffer the EU central planners.

[@smallbluemachine]

Switzerland is the “least worst” Western economy, despite being pressured into American “extra territorial” regulations, the energy crunch etc,.

[@Kaede-Sasaki]

I remember the brouhaha when Switzerland was forced to comply with Russian sanctions, despite neutrality. US threatened them with blocking SWIFT access.

[@svenlima]

I'm confused: Nine out of ten US-American youtubers talking about money and economics brag that "The USA is the richest country in the world and has the richest economy in the world."

[@henrybrandt1057]

The Swiss National Bank is a factor - the institution is known for maintaining a strong currency and very modest inflation, qualities sadly lacking in many other western countries.

[@mysterioanonymous3206]

Funny, because the SNBs main activity since 2008 is trying to devalue the CHF (because a strong franc is a significant problem for our export industry)... And inflation is low because of our high prices. Changes in precursor products (inputs) simply don't affect retail prices as much if the other price components make up a larger share of the total cost. That's very well researched btw, the national Bank has very little if anything to do with it. A little reading and you had known all this already.

[@tMontesJay]

Bitte mehr negative Videos über die Schweiz zur allgemeinen Abschreckung

[@Homer-OJ-Simpson]

Being land locked is beneficial IF you are surrounded by peaceful nations that are not a danger to invade you nor cut off your supply lines. This is what Switzerland has had since 1940’s and as the video mentions, the extra boost of being able to stay neutral during WW2 and then be a manufacturing hub for a rebuilding Europe after

[@olaade730]

So Switzerland started like Phezzan. Interesting

[@ibloodyloveridingmybike]

4k-8k per month household expenses? Try 10k-12k. As a Yorkshireman living in Zurich, it hurts. Regardless, I am grateful every day to live in Switz and will never (willingly) return to the dumpster fire that is the U.K.

[@wmkwm-y4c]

Well that's if you have a family otherwise it shouldn't be that much in zurich

[@ibloodyloveridingmybike]

@@wmkwm-y4c agreed, but 4k+ for a 3.5 room apartment, even on the silver coast. 1k-2k food, health insurance 0.5k (semi private), utilities 200-300 - it’s still way north of 4k - unless you live in the sticks.

[@wmkwm-y4c]

@ibloodyloveridingmybike 1k food?? You eat only migros bio meals?you can live with 4700 francs in zurich but not in the city and you need to find an affordable appartment which is very hard in zurich. I made calculations. If you're young and healthy you won't have a 500 francs insurance

[@123FireSnake]

I mean, get out of the city. I'll never understand you city folk you get smaller living spaces, worse air quality, worse outdoors activity and all for about twice to thrice the price of us 15 to 30 minutes out of the city. Just start reading or listening to podcasts and take the train for commuting if you can't do home office :D

[@wmkwm-y4c]

@123FireSnake yes the train system around zurich is so good. Same for car. Or you can live in aargau and work in zurich if rents are too much for you

[@mikamika4369]

Switzerland has been one of the richest country much before the two world wars!

[@m_sedziwoj]

I remember 2008 when they fix exchange they currency to Euro, and people still push they money to them, even when this move would destroy reputation any other country.

[@hinkhall5291]

Makes me wonder how billionaires aren’t building bunkers there.

[@ardentenquirer8573]

They are building bunkers in New Zealand

[@mmmmkkk]

Unfortunately beaurocracy can be a real pain in Switzerland, you move 5km and everything changes. Outdated or missing IT systems don't help. The employment rights are far behind most of Europe and there is little help to afford extreme expense for childcare, while already there are not enough people to work. Something the country will pay for sooner or later. So far it's balanced with huge immigration, but that causes xenophobia and even more divisions.

[@Helgarichter567]

Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.

[@TonyTheTGR]

How much of Switzerland is actually composed of privately owned islands deciding they'd rather have a Swiss Constitution over other national ones, rather than the root country itself? Geniunely curious, here.

[@MoempfLP]

Your question makes no sense 🤨. The Swiss federal constitution (1848) was created after the national borders were defined at the Congress of Vienna (1815). Therefore, noone has joined or left Switzerland due to a preference of a certain constitution.

[@TonyTheTGR]

My bad, I may be confusing Switzerland for Sweden.

[@MoempfLP]

@@TonyTheTGR LOL, in that case "islands" makes sense 😂

[@realmike]

A nitpick: the canton Schwyz is pronounced "Shweets" (almost like sweets)

[@fareeddawodu4961]

Do you mean schvitss?