Europe's Missing Trillions

[@liepsan]

What baffles me is, we produce the worlds best micro-chip machines and yet use hardly any of them ourselves. We don't invest enough in new industries it's a little sad. I think we are stuck in the mindset of; why make it when you can purchase it abroad.

[@stanleyzhang8154]

may not be 100% correct, but you can look at the microchip machine's history. The best micro-chip machine makers were Japanese and at that time ASML was nobody. How ASML catch up? you should ask the American government.

[@RoHan-83]

Because we can’t afford the things we produce (allegedly, somehow there are billions spent for other matters, I won’t elaborate). We can’t even afford the top tier trains that Siemens builds for other countries

[@Sir_Vantage]

@@stanleyzhang8154 the Americans or the Dutch?

[@aowen2471]

Making the machine requires a few high tech employees and a little energy. Running the machines require lots of energy. EU is not energy cheap - US & China are due to their more 'relaxed' environmental laws.

[@rorytribbet6424]

@@stanleyzhang8154That doesn’t really impact this conversation. Yes the US holds the patent for EUV technology, which is integral to ASML’s cutting edge machines… but it’s not like the US is blocking them from selling EUV to Germany or Sweden for instance, the problem is that those countries don’t have companies that would use one in the first place

[@irdielezi8557]

I think regulation for big companies is not a bad thing but this regulations for start ups is killing them and making it more difficult for new companies to emerge in Europe.

[@HaveiorLP]

That and venture capital.

[@elKarlo]

They also don’t apply these regulations to companies that export into the EU, so you’re ham stinging yourselves.

[@imacg5]

Americans call this type of start-up killing "regulatory capture", it's a useful concept.

[@Blaze6108]

I think the lack of investment is a much worse problem. Europe actually has a significantly more fragmented corporate scene, in fact the same economists talking about 'missing trillions' are usually also calling for allowing more mergers and larger corporations. Most EU directives have exemptions for smaller companies anyways.

[@larslarsen5414]

I believe that blaiming regulation is a bad excuse. Regulation on digitalization was not even contemplated when Meta, Microsoft and Anazon were created.

[@DoodleDan]

But we do have amazing startups, unfortunately they leave for the USA because of Europe's malignant bureaucracy. For some reason we also refuse to incorporate English as a mandatory second language for business

[@oceanwave4502]

Not many people know this: English is easy to learn because it is easy, or because it is simplified? Due to it used everywhere in the world as non-native language, the grammar and tolelerance must be great to accommodate different people with different background. So English must be simplified UNINTENTIONALLY overtime. When you as a writer want to approach the WORLD audience, you'd be better to write simplified English. This is not true with German. Just 83 million Germans. Even in Austria and Swizerland, people talk a different language (not German). As an isolated place (just Germany), the German native speakers have no incentive to simplify it (it's just their OWN bubble, their own "thing").

[@tedcrilly46]

Im not interested in 'keeping pace' with the US. I dont care if someone is richer than me. Im fine.

[@benji9598]

@@oceanwave4502 Idk bro, im Austrian, im pretty sure i speak Hochdeutsch. And honestly idk whats ur yapping with simplified english, what are you on about?

[@HadrianTAZ]

​@@oceanwave4502I would argue French or Italian are far far easier to learn and speak than English. And more beautiful as well, not to mention that they are both European

[@hamzamahmood9565]

​@@oceanwave4502 There's a reason why English still remains the most important international language. If U.S. economy looked like Germany or France people would rather learn French and German than English

[@MarktYertd]

Europe faces a systemic issue as it lacks tech companies driving innovation, with leaders in technology, space, and electric vehicles mainly coming from the U.S., China, or Asia. This dependence weakens the continent, hampers growth, and exacerbates debt problems it cannot effectively tackle.

[@steven8148]

and relaxed working culture....

[@abbofun9022]

and how much did the average John Doe in the US benefit from this so called US economic success?

[@thewingedringer]

The average John Doe CEO benefits much, average day John Doe, well...

[@danielandrebunckenburg9397]

the 3 trilion is also if you compare the economise in usd, if you ppp adjust the eu is not as much.

[@pranshukrishna5105]

@@thewingedringer This is where EU Strength lies and it is unable to take advantage of it. Highly skilled Asians are not choosing EU for universities. EU is unable to attract productive labour because of complex beurocracy, Despite EU Being better for an average person

[@pranshukrishna5105]

This is where EU Strength lies and it is unable to take advantage of it. Highly skilled Asians are not choosing EU for universities. EU is unable to attract productive labour because of complex beurocracy, Despite EU Being better for an average person

[@olenmees9150]

have 2 x 3 letters 4 u UNH CEO

[@MartinNew14]

The euro cannot be maintained without a robust European industry, and that’s the core issue.

[@user-zz8lb6bd7p]

Try to do something with IT in Europe, 20+ languages and rules that favor locals. Of course they cant scale quickly

[@holdmybeer123]

Right, blame the languages, EU is doing everything right

[@santostv.]

Unlike the USA or China we aren’t a economically homogeneous country, france will not give advantage to a German company and vice versa, we dislike monopolies in Europe so our tech companies are “specialized” in a sector instead, multiple language, lots of small countries that makes expanding difficult or limited to neighboring countries with similar cultures, local regulations,tax laws ect. L

[@user-zz8lb6bd7p]

Europe figures out rules and regulations then make it, in America they make it then figure out the rules and many years later regulate

[@uhohhotdog]

@@holdmybeer123language is definitely an issue. EU needs a common language

[@holdmybeer123]

@@uhohhotdog Agreed. In fact I'll go a few steps further, Europe needs a common army, government, shared border, common debt and of course a common language. That is the only way forward. What do you think?

[@master8127]

Wages are completely obliterated by inflation and the work force is shrinking due to aging population. The result shouldnt be surprising

[@lattehour]

that`s not the only problem BUT the companies could not grow could not reinvent themselves EU is not working as a whole Brussels does not have any power to change countries trajectories fundamentally europeans choosed NOT to be a country which => in fractures and companies can`t expand cant grow and progress eventually leads to lack of innovation and finally bankruptcy EU no longer has even 5 companies in top 100

[@piromanaBG]

The work force is shrinking thanks to socialism. Why working if you get the same for not working?

[@intuitivediane]

The work force is shrinking cause the youth just want to be influencers and not put in the extra effort. They always have their hands out. The younger generation are lazy 😊

[@master8127]

@@intuitivediane Thats the classic boomer narrative and plain false - at least in germany. If we look at the actual number, you can see that the german folks in employable age are currently working more working hours per week as anytime before in the last 50 years

[@OmaGhodd-j1w]

@@intuitivedianenah, the ppl who become influencers are the type that wasn’t going to work anyway, they are just born rich and they can afford to play games all day

[@scarletevans4474]

You forgot about another important factor: ENERGY PRICES. Energy is becoming more costly and it's not affordable to produce things in many parts of Europe anymore, while at the same time energy prices keep rising even more, partially because of not being a "green energy".

[@khaldrago911]

It’s not just that - the euros are just too comfortable. The lack the drive and the hustle to do better. I was at meetings for Corus (steel) when it was in trouble and what struck me was that the company back then was going to go under, but the guys there instead of staying after 4, were more concerned about making it home on time than their employer going bust!!!

[@DanBurgaud]

"EU Economy is in tatters. In Tatters I tell you. IN TATTERS!" --- Ursula

[@baronvonjo1929]

What? Could you repeat that?

[@Blaze6108]

The EU is behind to some degree, but it's kinda funny that every year for the past 15 years there's been an article about how Europe is about to collapse and promptly every year nothing happens. Also, it's very strange to bunch together the USA and China because if the metric is nominal bigness of econometrics, the real GDP of Europe is still leagues ahead of China, which is still very poor (by those metrics).

[@only_fair23]

@@Blaze6108 Actually, no. In nominal, they're roughly equal but, by PPP, China is higher. Obviously, it has 4x the population. But you're not wrong; that exact thought is applied to China as well.

[@botshelomoatshe3153]

I see what you did there😂😂😂

[@marktn9851]

When u know u already lost EV industry, don’t focus on competition or tariffs, instead, seek cooperation for survival. To go against the flow is expensive n suicidal.

[@YSKWatch]

none of the decision makers are smart enough to see other alternative solution, unfortunately.

[@kevinxie5762]

Hybrid is the way, not EV at the moment.

[@Michael-ul7kv]

Europe has a bureaucracy problem. Regulations can be fine, don't share private data, dont overly pollute environment. However the bureaucracy of enforcement absolutely strangles any business preventing growth.

[@marianam8643]

Europe does not have a venture capitalist class. They have governments that invest here, or invest there. This is slow, bulky and risk adverse. One Peter Thiel knows and can do more to support startups than all EU bureaucrats put together. But the EU has no idea how to democratize anything because they are a big bureaucracy and they act like any bureaucracy would. « We will solve this problem » says the EU bureaucracy. They are exactly the people who should not do it.

[@BrokenSoldier1515]

China also doesn’t have a venture capital class and their govt along with their govt companies lead everywhere.

[@josephnduaguibe]

I pray trump actually deliver on his tariff promise to the EU 😂😂 i need EU countries to become independent

[@als8627]

​@@BrokenSoldier1515that is not true there is a lot of capital available here and many VCs a lot from the USA. Maybe now with some geopolitics investments are for some foreigners restricted but China is way more pro business than the EU

[@ssuwandi3240]

Exactly. The US human capital is undoubtedly second to none in the world. The 2024 Election proved the strength of populist Centrist. Not too left. Not too right.

[@vladislavsychev1312]

Right. It is just corrupted system. Totally. But worse than Japan and China already have.

[@LizardSpork]

The problem is benefits of American productivity has not trickled down to the American workers, and we've seen the result of that. Can Europe avoid the same income gap trap?

[@СовиныйТеоретик]

Already, health care in Europe is twice cheaper per capita than in the US. And life expectancy is bigger

[@pranshukrishna5105]

@@СовиныйТеоретик This is where EU Strength lies and it is unable to take advantage of it. Highly skilled Asians are not choosing EU for universities. EU is unable to attract productive labour because of complex beurocracy, Despite EU Being better for an average person

[@pranshukrishna5105]

@@СовиныйТеоретик It is not translating to economic growth. EU cannot afford to slow down and be left behind in a rapidly developing world

[@HaraldinChina]

US is an empty bubble. Remove unproductive price bubbles (healthcare, stock market) and payments for safety (security installations, cameras, guns), almost nothing is left

[@l3eatalphal3eatalpha]

The whole point of productivity gains is shareholder value. That is why the average worker lives essentially the same level as the 90s but with better technology. All the value they create goes elsewhere. That is literally the system.

[@BhaskarRoy-t4w]

If US is friend you don't need an enemy.

[@tEch-01]

that's is called enemes inside the corral

[@GowthamNatarajanAI]

EU is doing better because of the US. If not for US the EU would be much worse of

[@michaelhall7546]

We probably give your country money son

[@AmritZoad]

@@GowthamNatarajanAI If US wasn't an ally, Germany would be have been more vocal against US's wrongdoings in middle east causing refugee influx which caused the Alt-RW to rise and there were no escalations in Russia-Ukraine since the root cause was Ukraine wanting to join NATO, an American product.

[@razor-b2d]

@@GowthamNatarajanAI EU is doing better because they stole trillions of dollars' worth stuff from asia and africa. Now they cannot sustain their economy without crown colonies

[@georgewaldkirch7343]

Dont worry EU.............your leaders will still be living lavish lifestyles........no matter how much youre suffering

[@Ramschat]

We're not suffering though. Living standards are way better that in the US, despite a weaker economy

[@1merllin1]

Nice projection. USA just lost a CEO because normal people in the US are being treated like cattle

[@asoutoimporters8383]

So much regulations, it's becoming crazy. Everything requires permits

[@MuckyMucky-z3c]

Europe is overloaded with expensive governments. They should be reduced by 80% to Asian government sizes. Governments themselves in Europe are the problem.

[@patrickgz]

does its competitors like china have less regulations?

[@oceanwave4502]

If EU could not turn it around during their best time (2000-2019), what makes them think they can just do it right now amid the PERFECT storm?

[@belizarius_997]

High tax - high spending clearly doesn't work anymore. We need some bold decisions and true leadership.

[@holdmybeer123]

Don't forget high regulations. It is the regulations that hurt more than taxes.

[@ericpmoss]

What does that even mean? It's just catchphrases.

[@holdmybeer123]

@ericpmoss The USA has 0 regulations for AI, and all the AI companies and innovation is happening in the USA (and Asia). Europe is very well regulated in AI, where are your AI companies?

[@Blaze6108]

I guess you could always do what the US does and pump your economy with sky-high spending only, so you can have a 130% debt-GDP ratio...

[@sabo2378]

@@holdmybeer123 ai regulations happened after ai innovation in the us anyway... Europe was already late on that

[@jordantan291]

I have lived in Europe for the last 16 years even though originally I intended to stay only for two years. I don’t want to go back to Aus because of the extremely low productivity of European. Basically I have been here on extended vacation for the last 16 years and now I am even entitled to about 32K euro per year pension. It is crazy.

[@komisiantikorupsikoruptord6257]

Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it

[@mijmijrm]

Servants of the USA all face the same doom.

[@amandagrant4331]

Ursula is a servant of the USA

[@Dara-wk5ty]

Please look at energy prices in the EU compared to China and the US They are sky high

[@Redmanticore]

varies highly. somewhere dirt cheap. somewhere expensive like Germany that destroyed its nuclear power.

[@seanthe100]

Exactly the idiots in the US want us to "be like Europe" paying 2-3x for the same electricity

[@oceanwave4502]

If the energy price in EU is 4 times higher than Europeans must be 4 times smarter than Chinese/Americans. For example, EU people can invent machines that travel across universe at near lighting speed, or across time. Then even if they decide to work 1-day workweek, their GDP will be still higher than that of China/America.

[@JA-pn4ji]

Major reason why Europe has not built a technological eco-system is because it grants market access and monopoly to US technology companies.

[@holdmybeer123]

Or because laws like GDPR and AI regulations make doing anything criminal. America has literally no laws on AI, that is why it is a leader in AI. You can apply this logic for all industries in Europe, if they are doing poorly, there is excessive regulation as the primary cause.

[@Dara-wk5ty]

@@holdmybeer123 I think its absolutely reasonable to regulate something like Sora and future OS models of it

[@mikkelv7020]

@@Dara-wk5ty from reading holdmybeers post its obvious that he is some sort of libertarian. You can disregard anything he says.

[@seanthe100]

More like American tech companies were superior. The US invented cell phones, but Nokia a European company came to dominate cell phones. American invented a superior product and retook the throne

[@Qnexus7]

@@seanthe100 nokia died off because of mismanagement and wrong strategic choices in a time when steve jobs was presenting his revolutionary smartphone. happened to blackberry, motorola, htc, ericsson and so on. none of them was ever a "superior" product to nokias. iphones come closest but they're bs for other reasons. no, they were just surpassed technologically overnight, failed to adapt and lost.

[@DynamicUnreal]

Oh really? I’m constantly told by Europeans online how much more “advanced” and civilized with better quality of life they are etc. Seems like they’re content with more equitably distributing a stagnant pie.

[@piromanaBG]

When the workforce in high tech is payed the same as bus driver you get the EU economy.

[@Redmanticore]

europe´s unionized bus drivers keep winning

[@broti705]

@@piromanaBG hm. Which of the two jobs benefit the common citizen more I wonder.

[@seanthe100]

Sounds like Cuba 😂😂😂

[@PentangleYT]

@@broti705 Benefits are not considered when considering pay. Its economic value added that is considered when considering the fact about pay.

[@broti705]

@@PentangleYT Would be nice if that was so, but usually it has more to do with the power relationship between employer and employed. If we were going off of value added, turning a bus that stands around into a bus that transports people where they want to (and need to) be certainly adds a lot of value to the overall value and functioning of a society.

[@colinsmith1288]

The Uk leaving the eu has weakened the eu economy. The Uk is weaker aswell. Europe is divided. If the whole of europe can be pulled together then it will have an advantage.

[@badbad-cat]

UK decided to be US 🐶🦴

[@yad-thaddag]

Exactly.

[@linphilip6389]

lol, no. you are just a bigger vassal state of USA. you people are pretty dreamy

[@holdmybeer123]

Get rid of the EU, the Bureaucracy and regulations are what is killing it.

[@stevemartin7464]

I think the whole psychology of the EU is not really aimed at new ventures, they love regulations that stifle development.

[@bumpy783]

The problem is fundementally that technology often disrupts existing industries, like Uber. Recall the European response to it was to cancel it or regulate it. But not to create it. Industries are created from culture and Europe has a cultural problem with IT.

[@komisiantikorupsikoruptord6257]

Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it

[@Josukegaming]

This is such a weird overly negative view. It's literally saying "Yeah 10 years ago we should've done this, and if we had we'd have more money!" Okay how does that help anyone now? Europe is a pretty great place to live, and if you seriously think the average poor American is seeing the "benefits" of a large economy, you're wrong.

[@LeMerch]

1000000%. This stuff only focuses on economics. It ignores the social aspect of Europe which is lightyears better than anywhere else.

[@KickHesap]

​@@LeMerch System in Europe is not sustainable, but US will remain a superpower for long time Although mean Western European's life is more comfortable then US citizen(for now).

[@nnamdiazuakola5254]

@@LeMerchwhat do you think funds the social systems? Let me help you out: the economy. If the economy continues falling very soon the social fabric and benefits will disintegrate too. It is thinking like yours but on a policy level that has made Europe disadvantaged.

[@Jdigger4130]

Josuko. Do you live in US or Europe? I am in California, am 52 and no college. W that preface my life is rad despite my exclusion from high end jobs here in SF bay Area. I do just fine and would say I am thriving. Not gonna bag on Europe cuz they dont need me to. I do agree that talking in would/ could... Is what losers do. But I will take in a heartbeat ANY American in ANY area vs Enduring ANY thing outside of America. The animosity in Europe of each other was palpable and frankly the time I spent there was almost sad to me. Basically peasants and a few owners. Lotsa words to say I think yer opinion is yers to have but you sound like you may be a fella that doesn't create a paycheck but takes one. Cheers from Santa Cruz

[@altrshakib9449]

​@@LeMerchYou're absolutely right, however the European model isn't sustainable. After 10 years, it will collapse and when it collapsed, the quality of life will not only go down, but go down HARD. It will be worse than US, perhaps as bad as stagnant Argentina. (Argentina is a perfect example because it was at the exact same place as the EU, about 30 years ago). On the other side, The US model isn't great. But it's decent. It's Okay. BUT MOST IMPORTANTLY, it's sustainable. The US can sustain this system and it's super power status for at least another 100 years.

[@SoYappy]

My part-time 🚴 tour guide was doing his PhD, in his mid 30s, never had a real full time job and never will take one. Europe has a well educated population that are not contributing to the economy. In the US 14 years old kids already started working in summers for their pockets $$.

[@jaspersymons]

What a BS. All over Europe kids of 14 are doing exactly the same.

[@SoYappy]

@ if you do the same things but different outcomes then something is broken somewhere.

[@SV-tj7mm]

what would the comparison look like if we took out the us governments 35 trillion deficit spending?

[@AA-kj4ic]

Problem with Europe and America is the out sourcing of manufacturing, a country without manufacturing will lack economic momentum and middle class. Another problem is the change of government, every few years in Europe and America election changes government, whereas in China they invest and stick to the same plan regardless of shorten loss.

[@ericpmoss]

These numbers are too superficial. How much of GDP is just speculation and moving money around? How much is just fixing damage from storms and car wrecks and bad health? How much is waste? We need to measure actual health and security of people and decide what of "the economy" contributes to that.

[@daksans6764]

60% of American economy is highly inflated

[@marshalLannes1769]

I work in an MNC with offices in Honk Kong, India, Israel, France, Austria, Spain, London and USA. Everyone works hard except Europeans. Whenever I have to contact a person in EU countries (France, Austria, Spain), they are usually on leave😂

[@sanjeevsharma9998]

they are enjoying their looted wealth.. They are the modern day Nawabs😀

[@d.3521]

Working hours and productivity are measured and don't need statements by individuals Germans do indeed work less than Americans but Eastern Europeans across the board work more than Americans

[@marshalLannes1769]

@@d.3521 We all are working on the same thing in my org, building same technology. So hours and productivity are mostly correlated in this case.

[@Willburys]

Draghi he comes from Goldman Sachs Macron the same ! Its a open System its a Desaster!

[@santostv.]

If the job gets done, who cares, making time just so you can say you work a lot although you were staring at instagram,you sound like Portuguese employer’s 😂

[@bernardmandaville3456]

I think the problem isn't the lack of investment, that is a symptom of the underlying problem. Technological innovation is a race, winner takes all. European regulators put too many drags on scaling up innovations in Europe so European startups lose the race. We need a change of mindset to allow startups to move quickly and break things.

[@komisiantikorupsikoruptord6257]

Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it

[@johnwayne-zy5cz]

Henry Kissinger "To be an enemy of the US is dangerous, but to be a friend is fatal"

[@123nathan]

it makes no sense to compare country gdp to valuation… pet peeve but there are other ways to illustrate the point

[@omniopen]

If you want to look at value creation on a population adjusted basis you can look at GDP per capita, which tells you how much value is created per person in any given area, so it reflects productivity (ideally)

[@AlgebraicAnalysis]

Yeah that kinda throws this whole video into doubt, as sensationalist nonsense

[@jonathanandrew2909]

And if comparing they should’ve subtracted the Tech companies from the overall US economy.

[@wussrestbrook1200]

@@jonathanandrew2909why they are 70 percent of the reason usa has lapped europe

[@ZhiYin]

It's so smart for the UK to leave EU, otherwise it would've appeared in this video.

[@nilswedin8480]

You must compare this with the size of debt. US and China has serious debt driven economy. And EU has a goal to lift the poorest countrys. They have had success in Spain,Greece, Ireland,Poland etc. Much is left to do but I think Europe is coming.

[@ChuckNorrizzed]

Lift? You mean colonize and pillage?

[@IRSH-sy5jn]

Europe has failed for a number of years to look after the poor the homeless the sick, the disabled. We are a shamed of the EU European Union.

[@Mu3az523]

One of the main reasons why US is doing better is because oil . US extract oils from arctic and in the middle of pacific and from areas controlled by kurds militias and don't forget the fact US mainland has very huge oil reserves.

[@jasmikko]

Europe also has a lot of oil. European Russia also has a lot of oil but EU chose to burn that bridge

[@yad-thaddag]

@@jasmikko Well, the Russians burned that bridge by invading Ukraine.

[@santostv.]

Most of us don’t want to explore oil and rare earth minerals, unlike what some people online think, we have them in Europe and the e.u. Russia broke our trust and we pivoted to new suppliers in record time.

[@badbad-cat]

​@@jasmikko EU can thrive on affordable Russian energy, but like you said, unelected US puppets like Ursula in EU acted against it to boost US growth

[@linphilip6389]

​@@santostv.lol. you allied with the US. you do what you think is correct and blame others. thats the consequece you get now. it is not the worst time yet.

[@JackeRDO1]

Us innovates, China copy, we in EU regulate 😢

[@pradyumnanayak9844]

👍

[@b.g.6667]

And the US does everything to slow down the fast chinese copying so they dont have to copy things that the US not have invented yet. :-)

[@sharpasacueball]

The US hasn't innovated much in a while

[@komisiantikorupsikoruptord6257]

Don't forget Russia supplies 25% of coal, 25% of oil, 40% of natural gas and 40% of uranium fuel to the EU.And you guys ban it

[@yummydishes2279]

China doesn't copy anymore, last I checked they own innovation even the US can't catch up

[@marc24rennen]

The fundamental problem is the europeans mindset, they think they are somewhat better at everything, but in reality they are not.

[@testing6753]

honestly, that's every human on the planet

[@ricdes]

you are so right. Can you believe the French are still fighting their change of a retirement age from 62 to 64? Heck, retirement was invented with a retirement age initially that barely anyone achieved...

[@YSKWatch]

people can solve problem if they know the problem, if they think that they have no problem (we are above the others), they'll never solve the problem.

[@martinr2040]

Who is they lol

[@baronvonjo1929]

​@@ricdesWell it's kinda a slap in the face of progress. Think of how far working conditions have come in the last 150ish years. It use to be a lot worse. But a 40 hour work week, time off, pensions, retirement etc as all come. And now society wants to regress. It's speaks volumes how the future is going. Decades of better quality of life being reversed. They ask for a foot and take a mile type stuff. It will just get worse.

[@Perspectiveon]

Large Corporations 'with influence on Politicians' merging, protecting their profits and extracting wealth tax-evading a.o. while creating obstacles for new businesses and innovative competition is one of the main reasons here. Sell-out to US capitalism coming back to haunt.

[@joshnashofficial]

Too much red tape, too many regulations. The introduction of penalizing carbon taxes marked the beginning of a downward spiral in my opinion. Those taxes have weighed heavily on businesses, crippling once robust markets and making the continent far less competitive on the global stage. It’s a classic case of well-meaning policies backfiring, and now the mounting debt and missing trillions are the price being paid. I think Europe needs to find a better balance before it’s too late.

[@hornnpeter]

What amazes me is how little we talk about the fact that Europe is not one country, while we try to compare it to China and the USA. While the EU-s burocracy can be problematic, national level burocracy is the main problem. Differing national regulation and laws makes it much more burdensome both for ventures and start-ups to scale up quick & protectionism makes inefficient businesses die much slower. Hopping from state to state in the USA or province to province in China is much quicker as business owners dont have to understand completly different financial and regulatory markets. No wonder why a sucessfull European start-up decides to relocate to the US. It gets access to a 330 million market with high liquidity and it only has to understand one additional regulatory framework. Unfortunately, the current populist wave will only introduce more fragmentation as populist regimes will always be for themselves and not for the whole EU. The second issue is geography. Both China, the USA has large reserves of natural resources and energy sources which makes them more independent. The US also having the added advantage of a relatively low population density which, makes extraction less noticable for the public. If the EU wants to stay competitive it has to 1) further integrate financial markets (much less national regulation, a bit more EU wide if neccessary), 2) diversify its energy dependence, while focusing on high-tech renewable development, 3) increase its common deffence development focusing on hybrid attacks (such as cyber attacks on infrastructure, social media infulence by other regimes) 4) and it has to attract educated talent from all over the world - as policy seems to be ineffective stopping falling birth rates. Having said that it is also important for the EU to not lose its core values, such as a social security system which provides its citizens a happy and healthy life.

[@magnusandersson5818]

The problem is not the lack of growth but the endless pursuit of infinite growth. And if I were to choose between living in the US with its healthcare system or China with its lack of democracy compared to Europe, the choice is easy. I really don’t care at all if the US and China have higher growth. That doesn’t make those countries better places to live in.

[@Oldguard_8]

Europe made choices, just as the US does. Europe pays far less for defense, works fewer hours, retires earlier, and has a social welfare system that draws immigration from around the world.

[@metalhead2550]

"It doesnt mean makong people work harder, it means for the same amount of work a person creates more value" .... And almost certainly not seeing that increase reflected in value in their paycheck, thus being further exploited whilst corporate profits explode!

[@andref6956]

I'm European and I can easily say the biggest issue in Europe is bureaucracy and bloated government which hinders the productivity they so desperately need.

[@slavar6868]

All I need is food, friends and shelter. Don’t care about global economy. Local industries for your neighborhood > export of mindless work hours for strangers. The world is stuck on optimization treadmill while housing and babies are not affordable anymore. I said that.

[@omniopen]

I think the reason why the US has done better economically than Europe over the past decade is the culture of individualism. Relying on your neighbors when everything is going smoothly is easy but it only really counts when things start to fall apart, then the cracks start to form and it becomes a question of starving together or leaving the pack. In America you're born alone and starving lol

[@howdy9061]

Maybe the sabotaage from our so called friend America (Northstream 2) is part of the problem.

[@ttt5205]

And you stay alone and starving. Quality of life is significantly worse in the US. Europe also doesnt deal with a 2 trillion spending defecit and a national debt thats larger than its entire GDP.

[@AnthemUnanthemed]

you mean socially? america desperately relies on other countries at every single level of their economy and infrastructure, there is just an individualist (nationalist) culture around people for some reason, just wait till trumps tarrifs get put in place

[@PentangleYT]

@@ttt5205 until now, yes. If the USA starts imposing more tariffs on EU products, most of the EU countries which run on trade surpluses will start falling. With local consensus in countries like France not even ready to increase the retirement age to make old work more and reduce the burden on the younger generation, things will only get bad.

[@oceanwave4502]

Another perspective: America is doing better because someone (you may know who) make messes everywhere, from Africa, to Middle East, to East Asia. The US is perceived as "safe heaven", so whenever some places are messy, the talents and capital in such places move to the US. It's extremely difficult to hinder China now, but if someone gets Taiwan involved "somehow" (like U*r*i*e).

[@TheSecurityAgency]

The difference between European fascism and a Chinese fascism is in the distribution of wealth. In China, all the big corporations work for the government that's why you see all the futuristic cities/infrastructure built by the government. In the EU the government works for the corporations, hence the vertical distribution, which is why Germany, France etc. look like the Soviet Union back in the sixties, sometimes even worse. China's coercion is direct and transparent. The Anglo-European rulers implemented a virtualized layer of coercion namely bureaucracy and mind control (propaganda), the two main tools of so-called "our democracy" invented in England in the 17th century by the elites as a result of the Civil War, and expanded by the "founding fathers". Too much complexity and overhead.

[@frogfrog8130]

5:30 That is the market cap not the GDP per year. The GDP would be something like 800billion dolars

[@TheWayGame]

Overregulation in Europe is absurd. Just this week we spent countless hours adjusting our online service to yet another "new" EU regulation. It's scary when you realise how much time small businesses need to spend on compliance etc. instead of developing new products. This environment kills start-ups and innovation

[@MrVaSiLiN4iK]

The massive taxation to support jobless, elderly and migrant is killing the business and incentivise people to leave and work somewhere else

[@teeldd]

"It’s a very important moment for the world, and Europe is at the center of it." 😂😂😂😂😂😂😂😂😂😂 Some people live only in the past because they are afraid to face the realities of the present.

[@grahamgregory8363]

Who would have thought 30 years of overegulation and government overreach would have negative consequences?

[@HyperVegitoDBZ]

EU's problem is that the richest simply can't get enough, regardless how much they consume. They always want more.

[@loudboomboom]

We somehow need to return the concept of the economy to food, health, and the things that lead to a quality life rather than these inhuman notions of productivity.

[@thomasbollenbach4525]

The comparison of the 5 US companies values to GDP is a terrible and misleading comparison. Revenue would be a fitting analogy not market cap.

[@RuslanKagirov]

France's debt does not reach even 7% of GDP, which is comparatively not so much. It is important to reach a compromise on the maximum threshold of such debt.

[@jnmc2498]

EU needs less regulations

[@Sakuyushi]

Exactly. Asking Apple to switch to USB-C? Reasonable. Asking Apple to open up their ecosystem? Why? Of course they would scare companies away!

[@soylentgreen8795]

​@@Sakuyushiwhy use overpriced apple products in the first place

[@marktn9851]

All EC could focus is to employ more civil servants to admin those regulations, unproductive way to create jobs.

[@Sakuyushi]

@@soylentgreen8795 because they are worth the price? I guess overpricing simply doesn't make Apple the most valuable company in the world

[@Tilten]

We need more additives in our food. Ketchup should be neon red.

[@SalSherman]

He goes “France has a number of problems” please tell me a time when France DIDN’T have a number of problems 😂

[@DouglasW-m9z]

I loves how this guy says China problem, when Chinese EV came from a nobody to today number 2, and all German car manufacturers are number????

[@1650channel]

2:48 Italy's olive is worth billions because they banned healthier mustard oil in US and Europe. Why they banned? To promote olive industry and to not benefit Asia.

[@ChRiyad]

mustard oil is absolutily not healthier than olive oil. nor does it taste better its just cheaper

[@itsover9008]

They did the same to coconut oil to prevent cheap coconut oil from India and South East Asia from dominating oil imports to North America. Now they're claiming coconut oil is very healthy.

[@badbad-cat]

I think seed oils are unhealthy

[@Redmanticore]

Mustard oil has about 60% monounsaturated fatty acids (42% erucic acid and 12% oleic acid); it has about 21% polyunsaturated fats (6% the omega-3 alpha-linolenic acid and 15% the omega-6 linoleic acid), and it has about 12% saturated fats.[7] The U.S. Food and Drug Administration prohibits the import or sale of expressed mustard oil in the U.S. for use in cooking due to its high erucic acid content. By contrast, the FDA classifies essential mustard oil, which has a much lower erucic acid content, as generally recognized as safe, and allows its use in food.[9][10]

[@1650channel]

@@Redmanticore What does McDonald's have?

[@LeMerch]

They’ve been saying this for decades 😂

[@marco21274]

If the US is a so much better place than the EU to live, why do we not see mass emigration to the US like in the 19th century? It is actually quite easy for an EU citizen to go to the USA. I could go, many of my colleagues could go, but nobody went.

[@smileyspoon1]

Yes giving all your money to the government was a great idea. I wonder why things are in shambles.

[@dlewis8405]

The sad thing is that Europe produces so many smart, well educated people. But a lot of them end up in the US because there are better opportunities to be found there.

[@julianshepherd2038]

I was going along with this but the idea that russia can outspend and fight NATO-USA is ridiculous.

[@peterponcedeleon3368]

Fortunately, for the US, the European Union is going to be in far worse shape. This makes the US look much more attractive on a relative basis. The European Union is suffering from massive bureaucracy, central planners who come from academia and not the real world and a currency that favors a few at the expense of the many.

[@ingaz6565]

I remember reading an article that compared entrepreneurship between the USA and Europe. One of the metrics they used to show the disparity was the number of new companies being created. The USA has almost 3 times the number of startups per year and in the USA it takes an average of 20 days to open a new company while in the EU it takes 87 days. Bureaucracy and consequently taxes, seems to take a heavy toll on European companies and dampens the drive for new ones. People forget that Elon Musk for example is not American but he came to America to start his companies for a reason.

[@philipjohn1338]

This is what less work more vacation does to a country.

[@Ushio01]

1 in 5 people in Europe is 65 or older today in just 10 years it will be 1 in 4. You can't grow an economy with that many unproductive retirees.

[@georgikrastev]

EU states waste money on the dumbest projects, it's small wonder they've brought this on themselves. Our approach to taxes seems wrong, for education as well, we're severely lacking. It's really a mess but I suppose with smart decisions we can pull through.

[@UsmanKhan-ty4bg]

They are all avoiding the main thing on purpose. The reason why the economy is going down is because the US economy is stalling. Inflation is high and very little stuff is being sold in the US. The other market (China) was pushed out on us insistence. That coupled with high energy cost due to the Ukraine war (or being pushed out of Niger causing nuclear fuel prices to go up) are making them highly uncompetitive.

[@pascalladal8125]

"If you'd take the value of the 5 biggest companies, it would be the 3rd GDP". How does that event make sense lol. GDP is how much is produced in a year (roughly) while market cap is the traded value of the business. Such a twisted comparison to try to make your point..

[@hvglaser]

I would rather fall behind US if it means that we don’t end up submitting to billionaires and big tech companies. I would rather have a democracy than a tech-oligarchy.

[@markmd9]

It's because Europe is not united as US not even talking about China which is a single country.

[@Constantinos-Cy]

Blame europa for that not the US or China..

[@phnoxie8312]

​@Constantinos-CyHow did he blame USA or China?

[@Constantinos-Cy]

@@phnoxie8312 Each country has its own blames..

[@ejareh]

So you compare market cap with GDP! You need to compare their companied revenue with GDP!!!

[@ITSjustWOOL]

There are countless issues stifling productivity in Europe. A big problem in Ireland is that universities own the IP of any work completed as part of your studies. In the US this is how many successful high risk start-ups have come into being, commercialising something cool that they researched or developed as part of there studies.

[@seiwarriors]

China speaks in one state overall and in one languages, likewise America. Eu multiple languages, multiple states and multiple red tape. What do you expect even if we have the brightest minds all of our minds just fly away eventually.

[@MrXelaim]

That's just not true. Alot of European bright minds flee away for 10-20 years, work in high stress high pay jobs, and return to Europe, with more experience for less salary, because life is in many regards still better. Immigration is heavily challenging that better easier life. Still, many european universties get profs that teach and do research at a high level with plenty of experience for cheap, because they already made their money.

[@amandagrant4331]

Justin: diversity is our strength

[@summaryjudgment]

This is actually pretty funny. All of these EU politicians are getting rich by allowing the biggest U.S. companies to operate within the EU and form monopolies, and they still have the audacity to wonder why EU companies can't get off the ground.

[@alexshi9320]

Cultural difference. Europe has long benefited from it's early industrialization, when you look around nobody is working or wanting to start businesses. Compare that to America or China.

[@TheRedland284]

How can you have a vivid economy when you have the leadership puts American's interest above your own?

[@nailil5722]

ok, now let's see America provide universal healthcare before we talk about start-ups and billionaires

[@alexbade]

01:25 - a guy who earns 2000 Euros by hours is telling people how to live in more poverty ?

[@APoIIy]

Easy peasy. The formula for data centers is cheap energy, available land, access to rivers and infrastructure. European IT-developers are not worse than american ones, european scientists are not worse than american and chinese ones. On top of that all we got from the EU is more regulation, paper straws and no market integration, which was the main reason for the EUs existence. Big corporations on the european continent are old archaic constructs married to politicians that ensure no new players will ever enter an existing market. Old families hold old money and rather invest it in champaign bottles than into the future of europe. The EU burocratic machine pumps out regulation after regulation where only the big corporations can keep up, and new startups and challangers will simply go under a tsunami of sensless and worthless burocracy. This year alone over 60'000 !!!! new regulations were made 3x more than the US for something that isn't even a single market. In the EU we only have poeple sitting there that know how to regulate so they keep on regulation day and night to justify their existence in this cancerous system.

[@KotBlini]

Europe has been a US colony since WW2. Both Italy and Germany are still occupied by them for example.

[@skak3000]

An American have 2-3 jobs and an European only have 1 job... That will make a differences...

[@ivankoshovyi6068]

5:35 this is an absurd statement, you compare capitalization (worth) to GDP (generated value per year). Look at the yearly profit of the companies at least

[@tomagoredo]

Europe should keep trying to tax and regulate its way to prosperity

[@TheSamohtnj]

Europe has been heading towards a Soviet style technocracy for years now, not a surprise to have these results…

[@MichaelKay-lp3hn]

Duplicating the digital space dominated by the USA and China is not a solution. Europe must leap over them with something else more advanced, more sophisticated, more dominating. This is the only way. The only way forward.

[@ChuckNorrizzed]

France UK Germany, the new economic axis of evil 😂

[@tudorcasian8136]

Not Perfect..but still I would not live somewhere else. Quality of life for the ordinary citizen is better than US

[@uhohhotdog]

EU countries should drop the Euro and use their own currency

[@kristianlavigne8270]

The EU needs more bureaucracy, more regulation and more centralised state control 😅

[@TheArtOfReason]

Put Tariffs on US and Chineese products equally :D Also, the most important part, MAKE IT EASIER FOR SKILLED IMMIGRANTS TO SETTLE IN. It is much easier for an illegal to settle in compared to a skilled migrant. I dont mean harm to Asylum seekers, just welcome more skilled people from Africa, South Asia etc .. US is leading because they welcome all the best talent around the world. H1B, EB1 etc etc Also put a country limit like US has or else it will become just another "Indian State" like Canada lolz

[@saellenx3528]

My gf who has finished her masters in Germany barely managed to get Visa and permit to stay. And on the other hand you have some Hamza coming on a boat who gets everything served to him. Europe is finished, there is no hope here.

[@santostv.]

The USA pays more and is a anglophone country so the best talent usually goes there, most young europeans want the well paying jobs, The problem with immigrants is the quantity that immigration offices can’t cope and culture incompatibilities, some from some regions according to countries with data about only come because of the social welfare and not to be a productive member of society that’s means they are a burden on the system and that spoiled everything for ones doing the contrary and creates tensions with local population.

[@ardi08]

Where are your so called "high quality human resources" in Europe (based on HDI y'all European countries have highest HDI)?

[@michaelhall7546]

It neat that Europe has so many interesting languages. It's also the reason why y'all will never be truly united

[@egdapa]

The video nor comments address the root issue. I suggest looking up talks by economist Michael Hudson. The West have financialized economies. Central banks run low interest rate policies, and this cheap money is not made available to create new industry, rather instead it's pumped into inflating assets: real estate, stocks and bonds. Our banks ONLY lend for home mortgages or consolidation of existing assets - nothing new is built. This enables "trickling up" accumulating wealth into private fortunes of elites. The West's economies are deliberately doing this. Weak consumer spending, high wages which makes European and North American workers uncompetitive globally, but it's all eaten up by debt service and inflated costs for all of the basic necessities of life. Debt service for homes and credit cards is deceptively counted as GDP growth, "financial services", while in reality nothing new has been produced. Stock buybacks to grow shareholder wealth, rather than invest in new operations and research. In contrast, Chinese state run banking and finance makes money available to wherever it's needed to build infrastructure and factories. This reality has compounded over decades to the point where all industry and supply chains have shifted to China to make it the world's factory. The cutting edge in technology, manufacturing and research of real world products that the video mentions is now all in China. The only way out of this mess is debt forgiveness and nationalized banks. Start the economy over that serves the people rather than capital accumulation in private wealth. Western workers would be globally competitive overnight, and banks can start lending to new industry and business instead of inflating house prices.

[@patrickcowan8701]

Excellent. Too bad they have the opposite view.

[@robertblue3795]

Not inaccurate but largely in the rearview mirror. Now come up with a solution that addresses aging and declining population.