How Did Switzerland Became the Most Advanced Economy? | Swiss Economy Documentary | Econ

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In this documentary, you will discover how #switzerland became one of the world's most advanced economies 🌍💰. Explore the country's unique political system 🏛️, strong rule of law ⚖️, strategic location 📍, and commitment to innovation 💡. What are the key factors that transformed this small nation into a global economic powerhouse? Or is Switzerland a perfect economy? 🇨🇭✨ #swisseconomy #economy
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[@econYT]

Thanks to InVideo AI for sponsoring this video! Just go to this invideo.io/i/Econ and use my code “ECON50” to get twice the number of video generation credits in your first month. Support my research and projects: ko-fi.com/econyt Hi! Awesome people of the internet. -Comments and suggestions are welcome. -Please share videos with people who you think might enjoy this content. -Don't forget to subscribe for more economics content! You are awesome :)

[@heraldomedrano851]

No Wars.

[@Yvhgggh]

The Swiss banks own more than 10 trillion dollars. In gold black money and others. My curiosity is what are they invested in ( besides wars)

[@masumahmed7834]

😮

[@SeidenFisk]

Swiss here; getting caught smoking weed will get you a fine of 100 CHF, possession up to 10 grams carries no criminal penalties. This applies regardless of the Canton you’re in. Drugs, including cannabis, are regulated at the federal, not cantonal, level. Unless you’re slinging kilos of dope, the chances you’ll get any kind of prison sentence is also quite low. You can expect a decently steep fine though. Tobacco (separate law) does actually have some cantonal differences, in most cantons the age to purchase is 18 years, in some cantons it’s 16. Though this is due to change (18 years nationwide) on the 1st of October 2024.

[@placeholder4988]

For weed, isn't that just for public smoking?

[@jamiecarrer9212]

Was just going to say this!👏🏼

[@catnip294]

Swiss here, got caught with less than 10g and the cop just took all I had, threw it in the toilets in front of me, made me sign a paper that basically said ''got caught with x grams of cannabis, got dumped in the toilet, fully destroyed''. Once signed, they just left without giving me any additional fine. So no 100.-! Then again, I live in the canton of Jura so the cops are super chill, idk if the same would've happened in Zurich or Geneva, probably not. There was even an instance when the cop that caught me just made me sign the same paper mentioned before but let me go without really destroying it. I guess it really depends what cop you're dealing with.

[@SeidenFisk]

@@catnip294 The fine only applies to smoking, possession carries no penalties. I can confirm that the cops (at least in the canton of Bern) don’t really care to waste their time with weed. I got stopped and searched by the cops once (for unrelated reasons) while having a lit joint in my hands. When they were done, they asked me what that is, I told them what it is, and they told me to “take it home and destroy it”. Of course I dutifully followed their instructions by continuing to destroy (smoke) it thereafter. They really don’t care to waste their time on weed, and understandably so, people who smoke weed just sit around and eat too much.

[@catnip294]

@@SeidenFisk seems like Bern and Jura still have some things in common lol. You did well to diligently apply their lawful order. They said to destroy it, not how haha Loved the answer, cheers 🤙🏼

[@animenerd5million]

The swiss prove again and again that no matter how unstable your neighbourhood is as long as you don't pick sides you will eventually be stable and well we know what's the most important thing for economic prosperity is,that is political stability.

[@DailyLifeSolution]

As long as your neighbours do not want your land, you can remain neutral. This is not the case with most of the states. Hence, they choose side.

[@Financeforyou118]

​@@DailyLifeSolutionTrue Foundation of modern India for eg was largely neutral But eventually they had to choose to be with ussr and now usa

[@DailyLifeSolution]

@@Financeforyou118 India was never neutral. The veil fell off quickley.

[@enhancedutility266]

​@@DailyLifeSolutionmost countries are neutral they're part of the non-aligned movement for decades and rarely do they join security blocs

[@tobiasphilippwittlinger8753]

@@Financeforyou118 They balanced between the two and still do. Look at their trade contracts and military!

[@Asterex]

To apologize to the international community for its misconduct in accepting Nazi gold, Switzerland agreed to pay 250 million Swiss francs in compensation for the reconstruction of Europe in 1946. The amount that Switzerland voluntarily donated far exceeds the profit it made from the Nazi gold. (More than 10 times) This part of the story is usually not told and Switzerland is portrayed as the one who enriched itself through the Nazis.

[@Travitz24]

Swiss here, I agree this fact is rarely mentioned. However, if you think 250 million Swiss francs is 10 times what it made from Nazi gold, you're out of your mind. Read the Bergier report.

[@Ercan-cy3we]

Wasn't the gold stolen from German people to begin with, please don't brainwash people with zionist nonsense, Palestine has shown everybody who these people are, so stop giving them the victim card, because they are not victims.

[@beyondEV]

What mostly is also forgotten: Switzerland ended with 125% of GDP debt by the end of WWII. The costs of military deterrence did far outweigh the profit from trade with the axis. They only reason, that didn't linger was the Swiss industry was used in reconstruction of europe. US btw. only accumulated about 112%. They also went on to doing well, as their intact industry helped rebuilt.

[@jeremiahreilly9739]

Immigrant to Switzerland here: Commentators and analysts often overlook two key factors in Swiss wealth. 1. The Swiss work hard and focused. 2. The Swiss save. Said differently: The Swiss are diligent and prudent. 🇨🇭

[@sytec99]

as a born Swiss I can confirm. Switzerland is all about working, prudency, and saving money. Entertainment, open community and living life falls short on the other hand. The trade-off I guess.

[@hockeyiscanada]

Swiss don't work hard asians, africains, etc, work hard

[@clean280]

You know that people saving is not good for the economy?

[@monsieurlepresident8835]

@@sytec99While they are work fanatics, they’re not really that innovative. You can be hard working on an old sewing machine and produce only 3 towels a day or be a bit more open minded and try a new automatic machine which is gonna produce 100 of them a day. People are too easily fooled by the Swiss fassade.

[@monsieurlepresident8835]

@ccii-ch6gf This was an example to show that despite working hard it doesn’t immediately make you rich, I know that even in Switzerland there is modern technology.

[@AgeGo-tx7zk]

During World War II, Switzerland was not the profiteer that the media often portrays it as. In fact, the Swiss economy suffered significantly during this time and the GDP went down. Even before World War II, Switzerland was already a prosperous nation. Switzerland had to provide Germany with clearing credits during the Second World War-essentially, interest-free loans that were never repaid. While it's true that Switzerland later profited from gold gaining value over time, it’s misleading to focus solely on that. It’s like saying that if you had invested in cryptocurrency a decade ago or Apple stock 40 years ago, you’d be wealthy today. It’s slander and poor research to overlook the fact that Switzerland had to pay clearing credits econ!

[@MFYouTube683]

I would advise anyone to watch the SRF and arte documentaries about this before concluding in any way, it‘s not that simple. But there were great individuals who took tremendous risk to help Jewish people like Paul Grüninger. The federal council knew what Germany was doing from 1942 onwards - they still decided to refuse more Jewish refugees and constructed an economic narrative around the topic to justify their announcement. One of the Federal Councils - Marcel Pilet-Golaz - seemed to be very open to rearrange his views with those of our fascist neighbours in Italy and Germany. I recommend Martin Bucher‘s publication about the RDJ in Switzerland, it is accessible online (Uni ZH). The Reichsdeutsche Jugend rented the Hallenstadion in Zurich, banners with Swastikas were all over the building and the Reichsadler welcomed the German diaspora of Switzerland. 10'000 NSDAP members celebrated thanksgiving (in the European sense). The Swiss authorities let it happen. Our history during WWII is complex, many shades of grey but certainly not neutral and hardly a period we should pride ourselves for.

[@stadex4203]

Also Switzerland was bombed by the USA "accidentally" of course, multiple times, even on clear weather days.

[@Julia3455-r5l]

United States is way better than Switzerland. United States is the greatest country on the planet.

[@3komma141592653]

Also people forget that it was the governments job to keep the country out of this and its people save. So of course you play along with your neighbour who is the biggest war monger in history. Like who would have helped Switzerland when Germany decided to destroy it? No one helped Poland when they were on the chopping block. So i think it is easy to say "they shouldn't have traded with Germany",. ignoring the consequences.

[@tecumseh4095]

Bullshxt!

[@nicolasbenson009]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[@sharonwinson-m8g]

The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

[@tatianastarcic]

Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.

[@Vincent-j8u]

Please can you leave the info of your investment advisor here? I’m in dire need for one

[@tatianastarcic]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@TinaJames222]

thank you for this tip , I must say Melissa, appears to be quite knowledgeable. After coming across her online webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@MoempfLP]

The Gini index for wealth can be very misleading: A house with a mortgage is regarded like debt and therefore less than owning nothing.

[@Theguyonthehill]

00:20 Switzerland is one of the most advanced and highly developed free-market economies. 02:27 Switzerland's economic success tied to the 'Blue Banana' region 05:59 Switzerland's economic success rooted in history and financial sector resilience 08:10 Strategic location and refugee influx propelled early industrial development 10:09 Switzerland maintained neutrality to prosper post-war 12:09 Switzerland's strong democracy and education system drive economic success 14:32 Switzerland's economy depends heavily on manufacturing and tourism. 16:49 Reasons for Switzerland's economic success

[@boogeyman2868]

there is definitely no canton in switzerland where you can go to prison for smoking weed

[@weedling3552]

fun fact the ai wont tell you: austria is in a sense swiss. they were founded by the habsburg dynasty, the castle of habsburg, where that line is from, is in modern day aargau, switzerland. so in a sense the habsburgs (our biggest historical enemy) were themselves swiss, since their home territory now belongs to switzerland and has been considered helvetic/räthian territory before that. from their name it would also make sense, "österreich" means "eastern realm", its not really east of germany, a bit yes, but mostly its south of germany. but austria is exactly east of switzerland. and why would natives call themselves the eastern ones? wouldnt it make sense if the ones giving the region the name came from the west? like when a nobility acquires new lands? so in my mind the austrians are kind of a monarchist swiss colony. doesnt really matter just a funny thought.

[@BolnoyBratchny]

Austria is still better 🇦🇹

[@weedling3552]

@@BolnoyBratchny exactly what a monarchist colonist descendant would say.

[@dasprojekt2049]

The eastern realm was meant in relation to the hre which spread from northern italy to north germany

[@weedling3552]

@@dasprojekt2049 in 996 (first mention of austria) bohemia was the eastern most part of the hre not austria. with italy, austria is more of the middle part of the hre. again i think its in relation to switzerland/swabia. where the nobility of austria came from at the time.

[@Fei2Fly]

Proud Swiss here

[@morenoh149]

Money goes where it is treated well

[@cronos8639]

We mustn't underestimate the fact that power - in the end - is held by the people. It's an excellent firewall to prevent politicians from doing anything stupid. Of course, the system has its flaws - not the least of them - but it works and can be perfected. Clearly - living here (if you can afford it) is a real opportunity. And culturally, sometimes, I find that the Swiss have more in common with the Japanese than any other European culture .

[@subschnee4573]

Yes...the rate of suicide seems very high in both countries.

[@JaspreetSingh-lo4en]

Saw your video when you had 1.2k subscribers. Glad to see you grow this much YOU DESERVE IT🙌🏻

[@darkbeast8296]

you have very good editing skills

[@LawpickingLocksmith]

Swiss success has nothing to do with the blue banana. It is just less wasteful, less corrupt, less government waste but people work hard, long hours and politically right aligned. People enjoy much greater food choices and safety and quality housing leading to much better behaviour. Leads the world in longevity and cultural enjoyments.

[@monsieurlapinot2549]

blablabla

[@LawpickingLocksmith]

@@monsieurlapinot2549 You sound rather jealous

[@monsieurlapinot2549]

@@LawpickingLocksmith no. you don't want to see advantage of the geographic situation. this.

[@monsieurlepresident8835]

This is just a fassade. Ignorant people whos brain has been brainwashed by the far right SVP party and who have never been abroad would argue like that.

[@3komma141592653]

There would be no textile industry if it were not invented somewhere in England and spread over Europe that way. And like the video correctly showed machine and chemical industry were born out of it. This were unlikely to happen is Switzerland were located in the Himalayas. Having strong economic neighbours makes most things a little bit easier.

[@Electric100]

Why does it show Singapore instead of Switzerland at 17:16

[@myoriginalname]

Does wealth distribution really matter in a country where poverty seems almost nonexistent?.

[@Flugs0]

1:39 this is the worst graph I've ever seen

[@davgrex]

The headquartered international commodity traders from the 1980s such as Glencore, Vitol, etc. also had a notable positive spillover effect on Swiss Economy.

[@3komma141592653]

True, and most people even in Switzerland don't even know this companies. Most oil, coffee, coal and gold gets traded in Switzerland.

[@LexMoy]

@@3komma141592653And how does the ordinary Swiss person benefit from that?

[@gomezanderson1723]

I'm favoured, $30K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America. Goo bless Mrs Nora.

[@calebsarah9985]

She is my family's personal broker and also a personal broker in many families l'm United States, she's a licensed broker and a FINRA AGENT in United States.

[@davidsonemerson4177]

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.

[@gerradeanderson2204]

I'm new at this, please how can I reach her?.

[@jameswashington5774]

After I raised up to 325k trading with her I bought a new House and a car here in the states ????also paid for my son's surgery (Oscar). Glory to God .shalom..

[@edersonglee4774]

She's the best

[@NoName-cx3gk]

Switzerland possesses natural resources, including gold and significant shale gas reserves, but chooses not to exploit them to preserve its landscapes and environment.

[@xothehost123]

Taxes in Switzerland are already high on citizens, the personal income tax is one of the highest in the OECD, not to metion that is one of the few countries with a Wealth tax. The "tax heaven" image of Switzerland can be only attibuted to its corporate tax, which is lower than the OECD average across the cantons. So low income taxes in general is not one of the reasons why they are rich.

[@Slithermotion]

That‘s bullshit. en.m.wikipedia.org/wiki/List_of_countries_by_tax_rates en.m.wikipedia.org/wiki/Income_tax

[@sagittariusa9012]

Lol. As Swiss I can say yor talking bs....

[@euhouinonouinon]

I guess you live in western switzerland.. because even if counting health insurance the tax rate is rarely over 30 for a normal salary

[@MFYouTube683]

@@xothehost123 we voted on complying with the OECD minimum tax in June 2023 - more than 70% agreed. So we’re going to be less interesting for many multinationals but I believe there are other aspects that will keep them here. The tax rate race to the bottom must stop, these companies have enough say in the political, economical and legal discourse as it is. Maybe take a look at this? It seems you mixed up some numbers. en.m.wikipedia.org/wiki/Tax_rates_in_Europe#/media/File%3APayroll_and_income_tax_by_country.png

[@itsnowjoke1381]

I’m swiss that’s absolutely not correct some of the lowest taxes in the developed world in the German speaking canton and fixed tax deals for high net worth people

[@Zulfiqar-xc8wf]

Proud myself being a swiss Muslim i love ❤️ my country ❤️ a

[@Janet1001-X]

Switzerland is home to one of the biggest mining and exploration company in the world: Glencore. So, the entire world is source of natural rerources for Switzerland.

[@enhancedutility266]

Yeah that company shady they don't have a good environmental record

[@LawpickingLocksmith]

Lol, Russian Oligarchs saving tax....

[@Tullochr105]

Many of the Large Commodity Trading Houses have a presence in Switzerland, including Glencore, Vitol, Trafigura, etc.

[@LawpickingLocksmith]

@@Tullochr105 You forgot deep ocean and the gas pipelines...

[@MFYouTube683]

Glencore and other companies lobby very hard against all efforts we take to legislate their human rights abuse and environmental destruction abroad. There are many organisations and members of parliament who are on this, the last 20 years brought promising changes and public pressure is mounting continuously. Multinationals are undermining the political and democratic processes everywhere. Sadly, we‘re not an exception.

[@rustydawgt]

Is this video created using InVideo AI?

[@nicospbr5]

Great video! But Switzerland is actually an important AI player, respective to its size. It is the ninth country in the world in terms of AI startups per capita, and 0.43 AI papers per 1000 inhabitants vs 0.16 for the US...

[@KutloanoMatela]

I'd like South Africa to be like Switzerland

[@mrRobotX_x]

GOOD WORK 👍:)

[@Random-om8rq]

Short answer, industry, i haven't watched the entire video, but if it says it's not industry then don't take it seriously.

[@switzerland]

🙏Thanks for making a video about me 🇨🇭

[@gianurwiler5098]

us

[@TheKris333]

Some of my Swiss friends would drive into Germany, France, Austria or Italy to buy large ticket items. So purchasing parity is not 100% of the story.

[@beyondEV]

Depends on your morals. But yeah, best deal is to Work in switzerland and live right across the border. Still, since that has been going on for quite some time (way before EU) prices and wealth in those border regions also did increase.

[@jojobe8446]

There is a typo at 17:14 min Chart - GDP PER CAOITA. It should be “Switzerland” above the red line, not “Singapore”. Although, as a Singaporean, I know we are paying higher for products and services as well.

[@kno9871]

Can i ask what average life in singapore is like?

[@Matti_us_Alpe]

Strong currency means that you have TRUST in the currency.

[@MrKagyal]

We Swiss are victims of our own success story. Our strong currency causes us more and more difficulties to export. Soon we expect big layoffs in the manufacturing sector.

[@celloswiss]

🙈

[@TexasBoyDrew]

Not really, because I have been hearing that for 20 years

[@askeladd60]

that's a myth, Swizterland has experienced an increasing trade surplus as its currency has appreciated.

[@thetobyg]

Wrong! Most Swiss manufacturing occurs outside of Switzerland. Swiss companies employ more than 15 million people abroad. The strong franc effect is largely attributed to the fact that Swiss subsidiaries worldwide are sending their profits back in foreign currency and then converting it to CHF.

[@Matti_us_Alpe]

do you know what does it mean to have a weak currency? Is means that you will be taxed with inflation all the time and when any shock will come your currency and economy will be completely dumped (including whole industries). Strong currency means that you have TRUST in the currency.

[@radidov5333]

they have the highest salary ??... hmm.. I'm living here and this statement is misleading. Salaries here goes two ways up and down

[@radidov5333]

@ccii-ch6gf yes, this is what I mean. Its misleading without details coz people think here you can make loads of money

[@radidov5333]

@ccii-ch6gf oh yeah?..would you be interested in a formal chat outside YT ? ;P lol

[@CitizenEa]

Switzerland itself is a bank!

[@mnk9073]

Being the crossroads of Europe, being neutral and sitting out all wars since Napoleon, being a country absolutely devoid of natural resources forcing them into trade and services from day one oh and of course, moral flexibility in all things.

[@mbm8690]

13:13 to say Swiss people get education in order to be able to make "financial" decisions is absolutely ridiculous and a blunt lie. Also: there's a big difference between Swiss population and Swiss immigrants, who were naturalized.

[@Maggus-ts1sj]

In GINI Switzerland might be as bad as Germany, but if you look at the Median wealth, which is way more important in the daily live if average people, then Switzerland is in a way better state than it’s neighbours, except maybe Luxembourg. I think, the direct democracy is the key to the good situation, Switzerland finds itself in. And as a EU citizen living in CH, I wish the EU could catch up to Switzerlands efficiency, democracy and cleanliness standards one day.

[@Stewnat7299]

How did it become/how it became. 'How did it became' is not correct.

[@liobello3141]

Great Video, the wildly inaccurate scaling at 1:38 is triggering me tho

[@DanH-u3f]

They are sophisticated bankers and have a very strict immigration policy. This keeps them rich.

[@broledge-facts]

oh please sh up... 40% foreigner in my country. fucking annoying. we are rich due to the reisläufer and then due to export from textiles. Then the bank later on...

[@Ercan-cy3we]

"Strict immigration policy" 😂 as someone born here, it's not true, Switzerland is overrun by illegal migrants for over a decade now, when there is a war somewhere in the world, you can be sure the UN agenda will push some of these people towards Switzerland, I have just noticed there is more Africans, afghans, indians/pakis, Arabs, hispanics etc. It's very different now compared to my childhood.

[@beyondEV]

You should take a look at immigration numbers. The real ones. We are very lax and unlike other places, Switzerland does observe the judgement about not locking people up in deportation camps for the sole offense of being illegal. That of course leads to them ending up in crime, as the can't find legal employment.

[@worldview2888]

I am FULLY and completely loving such content. I will only watch such materials on KZbin.

[@mm4082-q2y]

Switzerland is a very good example of the application of the Pareto law. You have commendable things like Swiss people excelling at stability, financial prudence, entrepreneurship accounting for 80% of the effort, but 20% of the result. Then you have things like war economy and dubious foreign gold, art and currencies import in WW2 while collection of worldwide money laundry is much relevant still today, and these account for like the remaining 80% of the success...

[@WIISTERIAAAAAAA]

Explain why it was the 2nd richest in Europe in 1913.

[@mm4082-q2y]

@@WIISTERIAAAAAAA well, very easy actually: tax evasion was not invented overnight in Europe, it gradually started during the 19th century, together with the adoption of modern tax systems throughout Europe. Switzerland was already then granting bank secrecy, which was finally made mandatory by law in 1934, thus ensuring large capital influxes boosting the internal investments, i.e. that other 80% of the effort.

[@WIISTERIAAAAAAA]

@mm4082-q2y you cant say it's 80%. In 1995 the banking was less than 10% of swiss economy.an economic boom happened in the 2000. It's mostly thanks to immigration. Not banking

[@gilberttello08]

Very informative video made about Switzerland. Tnx brother!

[@LeZylox]

I contribute to the gini index being bad, bc i have 0 assets

[@3komma141592653]

The index is only bad because Switzerland attracts foreign Billionaires. If taxes were higher they would run away, and the index would look better. But you would still have zero money. 😅

[@fishnsteve]

Are Swiss people also Cantonese since they live in cantons? 🤔 Or did people from Guangzhou originate from Switzerland?

[@oliviergs]

Very well done, except the music😂

[@monster2slayer]

"switzerland is the richest country in the world - *shoes a graph where Switzerland is rank 6

[@hallodu7067]

Yes he showed a wrong list, search on google most per capita wealth in the world and Switzerland has been in first place for years

[@SathyaswamyS]

Ways that a country can become rich in a short span of time: 1.Have giant reserves of oil and gas or some other high value and high demand resource with a small population 2. Be a tax haven/financial services hub with a small population 3. Get lots of grants from USA and other rich countries (like Israel) 4. Colonization If the above conditions are met, have a dictatorship.

[@princemc35]

😂😂😂

[@metanoian965]

World Business Center = City of London. Swiss Bank = Distribution and Collection of shekels

[@Janet1001-X]

Number 3 is real 🤣

[@Jakabokbotch2nd]

Venezuela have the largest oil reservoir but never the richest country in the world

[@broledge-facts]

@@clarencelam1765 Colonization isnt equal to stealing... is this the amount of "wisdom" todays people have??

[@Капитансоветский]

1:17 Nobody get in trouble for smoking weed in switzerland because its decriminalized in the whole country.

[@gelbschwarztv]

Wo äch?

[@arthipex8512]

Simply not true. Betäubungsmittelgesetz Art. 19 clearly forbids production, possession, distribution and consumption of weed with up to three years of prison time.

[@tyler0506]

Have you been to Singapore?

[@Noir634]

12:00 American needs that now

[@MagnificentCreature]

17:16 SINGAPORE MENTIONED🎉🎉🎉

[@waun100]

Lets think about this. If I am a corrupt government official and steal one billion dollars from my country or drug dealer and made one billion dollar , I won't keep this amount of money in my country. 100% sure. So where the money will go? 100% sure not to Russia, China. May be one or two million dollars to Canada or Australia or USA but not that amount of money because there can be problem of money laundering. That amount of money will go to Switzerland or Luxembourg or England ( Guernsey Island banks or Cayman Island banks which are out of British jurisdiction ). That amount of money - where I can invest? Remember I must stay low profile and I'm not a businessman. I can buy 5 or 10 properties total 30 or 40 millions worth. After that what I can buy some vintage cars may be 20 millions worth. The rest will be in these banks forever. I can't and don't need to take my money out from the bank. These are the black money and not easy to make it white .Historically these illegal money were in these banks. I may die and the money will still be in the bank. No wonder Swiss, British, Luxembourgers are rich. Don't believe they are rich because of manufacturing or higher education level or something. They are rich with stolen and illegal money.

[@LexMoy]

That doesn't make sense. How is it possible to steal or make 1 billion dollars from drugs? Why would Switzerland need those stolen monies when they can easily print it themselves?

[@Genesis23457]

Moving from Berlin to Zürich… most prices are nowadays same but salaries are 2x in CH. Renting flat per 1m2 same, Food much cheaper apart meat, and you have daily discounts from 19h, food quality of groceries is so much higher in CH.. Germany is a dumpster truck in fire

[@roccociccone597]

Please fix your title, it should be: "How did Switzerland become the most advanced economy". Remember it's "did + infinitive", did is already in its past tense, therefore it is wrong to use the second verb's simple past form. Alternatively you can use: "How Switzerland became the most advancecd economy".

[@Angel_559_25]

-🤓

[@LCTesla]

Switzerland's GDP per capita, like that of Luxemburg, tends to get overstated because it has a lot of commuters coming in from abroad, increasing the "product" in GDP per capita without increasing the "capita".

[@LCTesla]

@ccii-ch6gf well I strongly doubt that. But it also employs a bunch of tricks similar to those of Ireland, pulling in capital from around the world claiming the proceeds from it as its host by offering a "hospitable" tax climate. To think any of that GDP is cuckoo clock makers being productive is farcical.

[@LCTesla]

@ccii-ch6gf I'd say it's about 20% of its true productive output, though if you go by all the fictive numbers from blood money and skimming off foreign fund inflows you'll end up lower. Its hard to have serious conversation about it with so many nonsense figures being spewn.

[@LexMoy]

@@LCTeslaWhy would Switzerland need foreign funds when they have so many banks in their country and an efficient tax collection system?

[@sunilvyas7916]

Switzerland I love ❤

[@UnknownUser.ar1]

Swissland is divided among 4 languages, it is a hard place to live and do business. Swissland is a landlocked country that has no access to the sea. Swissland has little population which makes it difficult to get prosperous and wealthy. Swissland relies on attracting wealthy foreigners because of its inability to make wealth.

[@2GunsUpZ]

@5:50 - Fear of regime change = They are going to kick me out of office

[@bawi2]

good video but the goofy music throws me off, this isn't some dark conspiracy video

[@ivarb629]

Highest salaries but highest cost of living. So workers, although earning what seems to be enough, often isnt. There's even a term for them, "working poor". Switzerland is only fun if you're part of generational wealth

[@AlexanderSomm]

Today, 50% of all global arms sales come from the US, at 20% profit margin, stock market speculation comes on top... The US MIC Lobby, NATO, makes sure the rhetoric promotes more wars, never at home though... This makes Swiss profiteering during WWII almost dwindle...

[@Hyperion70]

Switzerland, so say it bluntly, is just the paradise for all the rich and the mighty. Here they can do and achieve whatever they want. There are no limits to their richness, to their might and to their power. And the state is under their full control. All the property of Switzerland belongs to the rich of from all over the world. Paradise on earth for them! They are the bosses of Switzerland. About the other side of Switzerland one would better not discuss. Because where there is paradise for the ones and the view, for all the others of the many there is dispair and hopelesness.

[@stevenfry2718]

agreed

[@donarmando916]

Switzerland is not the most advanced economy. Remember where the most advanced computer chips are produced. If you are traveling Singapore, Japan and even China, you don't think Switzerland is very advanced in any aspect. But heck, who cares. We have the best chocolate and the most beautiful mountains.

[@dexterts63]

Is this a mistake naming Singapore as the red line instead of switzerland? @17:13

[@clarencelam1765]

it’s correct. That was the comparison between Singapore and Germany.

[@adamcheklat7387]

16:42: 83% for the United States?!

[@kasparnickborn6682]

What else did you expect? 😂

[@adamcheklat7387]

@@kasparnickborn6682 I’m just shocked it’s this bad!

[@karenfreeman1601]

Quantum thinking was timely. The problems maybe SOLAR in Alps. All working technology disrupted by Air N 4/5 and 0 1/5. Water is H20. Look at gaming industry for takeover.

[@garcipat]

Just watched another video where they say one out of 10 is a milionair. Bth i know not one personally. Im not sure if that is really true.

[@subschnee4573]

Sure it is. I know a couple of milionairs. If you count the worth of pension, house all together your not far with 1 in 8 is a millionaire.

[@LexMoy]

@@subschnee4573And not many in Switzerland have that much.

[@boogeyman2868]

i tell you the secret of all rich countries: low taxes.

[@LexMoy]

Low taxes but very high cost of living!

[@boogeyman2868]

@@LexMoy singapore hong kong and switzerland are small places... so yes there's a paywall over time, which sucks ofcourse. but you get to that point and wealth through free market and low taxes/regulations. then china grabs it.

[@LawpickingLocksmith]

Love your research claiming that Switzerland was infertile. I keep on laughing! Well the narrator claims to be in India that excuses it in some ways.

[@squirrel9760]

Infertile swizterland

[@LawpickingLocksmith]

@@squirrel9760 During the ice ages, only microbes survived?

[@ivarb629]

Swiss also never own their real estate. Mortgages are often structured to be longer than your lifespan. 😂

[@sinizzl]

For the average Swiss resident, it has become virtually impossible to ever own property. We may have high incomes, but most of that is spent on ludicruously high rents (2500 USD per month for a 100 square room apartment in regular cities, 4000 and up in Zurich and Geneva) are now the norm. Ot only makes landlords richer whilst keeping everyone else at net worth zero.

[@jonejone9639]

Wow iqua is finally on its feet

[@kekw4630]

the thing about weed is everywhere the same i think

[@BUGONE-l5e]

0:27

[@beanyd-_-2025]

just to clear it up: in no canton can you go to jail for smoking weed lol.

[@lioninspire192]

This is what an AI video look like. The script, the choice of image and the transition are all AI generated. 😢

[@hockeyiscanada]

Corruption !! That's it !!

[@youngthugger8736]

It’s one of the least corrupt countries in the world… (Talking bout corruption inside the country)

[@Mr--_--M]

They launder everybody's money. Roll credits!!

[@euhouinonouinon]

@@Mr--_--M nah that's the Americans

[@Mr--_--M]

@@euhouinonouinon oh that’s a given. I’m counting from 2nd place on out 😂

[@LexMoy]

Money laundering only makes sense for poorer countries, not Switzerland. Why would Swiss banks need money from outside?

[@Mr--_--M]

@@LexMoy Banking secrecy laws from the Council of Geneva has literally been a key draw for investment into Switzerland since the 1700s.

[@recration]

Facts. It’s not that complicated lmao. Otherwise it would just be a normal western country like Germany (but much smaller obviously)

[@nashtags]

Saint Gall was Irish. Then you can pronounce 'St.Gallen' St.Gall in English. That was how it was pronounced in its native language. ¯\_(ツ)_/¯

[@gleqy]

the canton is also german and not french bit gotta appreciate the effort😂👍

[@nashtags]

​@@gleqy ​German nouns kept in German but French nouns changed into English ?! No. Thanks. (NB: at 0:54 we hear «Geneva» instead of «Genève».)

[@TemakilKenward]

note: swis banks are no longer safe anymore as of 2023

[@LexMoy]

Swiss banks are doing just fine.

[@TemakilKenward]

@@LexMoy YOU MEAN ALL THE RUSSIAN MONEY THAT ARE ALL FREEZ?🤣

[@boogeyman2868]

rule of law isnt very strong here... its just that living here is quite good, besides working very hard and alot - which makes it so you dont have much spare energy to do criminal stuff. you dont need to, and you dont really want to do crime. maybe people do some small stuff none cares about.

[@VortexxStories]

Short story they didnt participade in WW1&2

[@fufu1405]

4:50 lmao that pronunciation of St Gallen as if it was French speaking canton

[@victorvonderkrausse5492]

Switzerland foreign policy : " we do business with everybody as time we making profit " !

[@Superfoodcookie]

4 minutes of bs. Had to skop 20% of the video to get into it in the first place.

[@GerryMeyer]

This is the most thorough and well-balanced study of Switzerland I have ever watched.

[@domitube2110]

nah, a lot of missinformation in here

[@DenzelPF-jl4lj]

It seems like it is the time to shine for Switzerland. Every other country in Europe struggles because of politics (don't want to point a finger, but thanks Putler). But here once again (at least for economical reasons) it proves that it's best to stay neutral. But then again it's always easy to be a bystander while the big brothers have to sort everything out. So yeah, I'd rather live in a less hypocritical country to be honest...😮

[@catadoxas]

you are not big brother. you are the americans doormat

[@broledge-facts]

"putler" lmao switzerland has 1900 sanctions against russia and we didnt vote for a single one of these... switzerland is dying right now!

[@ranjithpowell6791]

The traders have moved out of Switzerland to Dubai

[@albrigo]

In Switzerland bank secrecy is over now.

[@thetobyg]

Nobody cares…

[@monsieurlepresident8835]

How can Switzerland be nr 1 for innovation when it’s population is as conservative af? They are allergic to progress. Being open to progress however is needed to be innovative. They get that Rank because they probably choose 2-3 exemplary companies like Roche or Nestlé where they have a innovative work ethic and then project that image on the entire country….

[@ThomasJacobz]

They are just conservative on social issues. Not in finance and tech. They have one of the best education systems in the world. Swiss are educated af.

[@monsieurlepresident8835]

@@ThomasJacobz You can’t be progressive in tech and finance if you are stuck in the 30s socially, one is not that much separable from the other. I don’t think that this education system is as good as you pretend, asking for a degree to clean toilets is not any sign of competitivness.

[@monsieurlepresident8835]

@@ThomasJacobz I live here and apart from the big cities the population is rather narrow minded and not nearly as educated as you’d think. Most people rarely travel abroad thus have a very small horizon, hell they don’t even travel to neighbouring states sometimes who they view already as foreign countries even though part of Switzerland as well.

[@LexMoy]

I agree. Switzerland is old fashioned and socially very backward.

[@domitube2110]

as a swiss, this is some huge swiss slander and a lot of blown out of proportion facts that shead a dark light on switzerland. not sure why you want to make us look so bad but maybe its because you realize that your country, the us i assume, is failing bigtime and switzerland is stable as always. viva la suisse

[@90taetaeya]

Switzerland has many crazy strict laws

[@lowlevelcodingch]

good so

[@LawpickingLocksmith]

Like flushing toilets verboten past 9pm. Church taxes collected by councils, In TI they just charge a tax for the Pope, you HAVE to ask for a refund. Discount grocery stores MUST charge parking fees, pigs are above humans when it comes to subsidies. The farmers can still eat their dogs and cats.

[@nashtags]

@@LawpickingLocksmith it's an urban legend. You will find no where in the country such a law. It's, on the other hand, considered as well mannered if you don't make noise after 10 pm. But that's the basics.

[@5600_xx]

@@LawpickingLocksmiththis is completely wrong

[@LawpickingLocksmith]

Issue long gone away with the best buildings in the world.

[@hydrohasspoken6227]

I like when you say St. Gallen. Much cooler than when Swiss people say it themselves.

[@miliba]

He said it wrong and with a French accent. It is pronounced as Sankt Gah-len

[@hydrohasspoken6227]

@@miliba The way he said sounds better, so he has done it correctly and we have been saying it wrong since centuries.

[@miliba]

@@hydrohasspoken6227 lol okay if you say so then it must be universally correct

[@hydrohasspoken6227]

@@miliba and yes, I live in St. Gallen as well.

[@miliba]

@@hydrohasspoken6227 of course, sure you are

[@albundy3539]

BS! No on e gets arrested for smoking weed in Switzerland...

[@Trollo-h7m]

With cheese and croissant. What stupid question