Italy: Unraveling The Italian Economy

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Economic Raven

Economic Raven

2 жыл бұрын

Italy is the 4rd largest economy in Europe. Italian economy is also the 8th largest economy in the world by GDP.
The Economy of Germany: • Economy of Germany: Un...
The Economy of France: • Economy of France, Dig...
The Economy of United Kingdom: • Economy of United King...
Talking about the country’s romanticized image with pasta, pizza and operas remains acceptable, but talk about the country’s image with fast trains, and everyone pulls back and considers it not much “Italian”. The truth is that Italy was painted in the corner as a basket case and a backward European member while that's not the case. Italy is the tenth biggest exporting nation and a leading economy in many sectors including machinery, vehicles, pharmaceuticals, precious metals, clothing, and accessories, etc. With nearly 60 percent of its trade with the European Union, Italy is the second-biggest manufacturing country in Europe fueled by small to medium-sized enterprises.
The video also discusses Marshall plan by United States, European Common Market, “Hot Autumn”, a series of strikes from 1969 to 1970, and “Years of Lead”. It also discusses Euro Convergence Criteria of 90s, Red Tape and recession, and 2008 financial crisis's impact on the Italian economy followed by Euro-Zone Debt Crisis and another recession.
The video also highlights Political instability, large coalitions and corruption in the government sector. We have also mentioned the debt to GDP ratio, government spending, pension system of the country, baby pensioners, impact of Euro replacing Lira compared to Netherlands and Germany, and Italy's idea of parallel currency.
The video also depicts labour laws and employers protection as well as youth unemployment in the country along with cultural inclinations like living long with parents impacting economic decisions. Other factors include highest older population with low fertility rates.
Italian economy also suffers from the inequality between the southern and northern regions.
The video also discusses Italy's prestigious automotive industry with car brands like Ferrari, Maserati, Lamborghini, Alfa Romeo, and Ducati bikes
Last, we discussed the travel and tourism industry of Italy including mentions of From Rome’s Colosseum to Florence’s Duomo Santa Maria del Fiore, From Milan’s Duomo to the Grand Canal of Venice, From Leaning Tower of Pisa to Lake Como.
#Italy #Italian #venice
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Economy of countries: • Economy of Countries
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Пікірлер: 1 300
@becconvideo
@becconvideo Жыл бұрын
In Germany the situation is serious but not hopeless. In Italy the situation is hopeless but not serious. :-)
@jacopoabbruscato9271
@jacopoabbruscato9271 2 жыл бұрын
We spend a lot on pensions because there was a period of time in the 80s and early 90s when state employees (teachers, government officials, bureaucracy staff, railway and police higher-ups) could retire very early. There's quite a number of people in their 60s and 70s who have been retired for 30-40 years after working for half of that. And they criticize young people because "Youngsters today don't want to work".
@ssr6036
@ssr6036 2 жыл бұрын
Also, Italy has one of the oldest populations in the world. About 16 million people are retirement age and over. Also, yes young people (i am one) should be criticized they are a bunch of morons, for the most part.
@stefamart7
@stefamart7 2 жыл бұрын
Also you have to consider that we generally have some really high pensions (except for some cases where some old people don't get enough to live and that's caused by a really bad distribution) and we still go in pension quite early (only the so much hated law Fornero did something good, but then most of the politicians (who recieve votes from the oldest parts of the population because they are way more than us youngsters) decided that Quota 100 was good and spending even more on pensions was good.
@giuseppecalvi
@giuseppecalvi 2 жыл бұрын
esatto
@jamesdellaneve9005
@jamesdellaneve9005 2 жыл бұрын
Perhaps a little strychnine in the burrata. Kidding
@teekay3983
@teekay3983 2 жыл бұрын
It's not the number of pensioners, it's the unsustainable system created worsen by some of those factors. On the flip side the high youth unemployment can also be resolved by reducing retirement ages. But it's not as straight forward as that. The system needs to be sustainable first...
@itsme7279
@itsme7279 2 жыл бұрын
apart from cultural reasons, the reason why young italians dont move out soon is related to what youve said in the video: finding a decent job is hard and buying an house requires money that a regular italian 20 yo doesnt have - a 19yo italian that would love to move out but is very far from being able to
@alessiostaccioli9151
@alessiostaccioli9151 2 жыл бұрын
I agree with you, totally. Leave home before 30 years old in Italy is almost impossible.
@jdlc903
@jdlc903 2 жыл бұрын
@@itsme7279 but it suggests that other Europeans aren't close with their family. Which is stupid ,I would see my relatives every holiday, my uncles,great sunts,grandparents,cousins. Today I frequently Skype my parents, okay I need to visit my grandma soon,but she is mostly surrounded by family (daughters). It's stupid, it dehumanised other populations " oh marvellous Italians have such great family values" So does everyone else ! It's a human thing. I'm not mad at Italians just the way this stereotype is used to say things implicitly about other people. I don't know why it bothered me.
@jameshumphris6983
@jameshumphris6983 2 жыл бұрын
Wise words Sara, finding a decent job is not at all easy in Italy and would take many governmental policy reforms to put the economy in better shape. - a 20yo Australian that would love to become a permanent Italian resident if it weren't so impractical
@itsme7279
@itsme7279 2 жыл бұрын
@@jameshumphris6983 amo??? ma come mi hai trovata lmaooo
@JohnKruse
@JohnKruse 2 жыл бұрын
@@alessiostaccioli9151 The system in Italy is really tilted to favor older workers at the expense of the young. It is tragic IMHO. Throw in the raccomendazione system and you have a recipe for stagnation. Nevertheless, there are also a boatload of mammoni. As I once read, "If you hear an Italian woman say 'Amore', you can bet that she's speaking to her son and not her husband." ;)
@Silenoid
@Silenoid 2 жыл бұрын
Being Italian, I can confirm that every point discussed in this video is objectively explained and, considering the limited format in time of the video, has given a very good portrait of the overall situation, in my opinion.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@buddy1155
@buddy1155 2 жыл бұрын
I only missed the financial problems with almost every small bank, that can't stay covered up forever.
@buddy1155
@buddy1155 2 жыл бұрын
@UCquUx3DKVYjXMbf9b1aWE1A It could be, the UK has probably dropped below India and France ... but maybe also below Italy ....
@ZOMBIEVIOLENTO
@ZOMBIEVIOLENTO 2 жыл бұрын
Non ha solo spiegato le privatizzazioni craxiane tra 80/90
@michelevianello1683
@michelevianello1683 2 жыл бұрын
He missed an incredible number of hugely relevant topics. Both of you have clearly a juvenile point of view on the matter. Refer to my separate comment for proper motivations.
@bubastis6306
@bubastis6306 2 жыл бұрын
I hope Italians know how beloved their nation is outside their borders. In North America especially Italy is considered one of the most beautiful countries in the world. So much culture and history and not an endless sea of strip malls and parking lots.
@fabioesini9092
@fabioesini9092 2 жыл бұрын
Thanks
@gabrielesolletico6542
@gabrielesolletico6542 2 жыл бұрын
Thank you. I won't call the U.S.A. "an endless sea of strip malls and parking lots" anyway, even if I can see your point.
@verslaflamme666
@verslaflamme666 2 жыл бұрын
@@gabrielesolletico6542 but it is lol America has no culture
@kronosmambrini9227
@kronosmambrini9227 2 жыл бұрын
Let me tell-a you, ya just got better guns
@fabioesini9092
@fabioesini9092 2 жыл бұрын
@@kronosmambrini9227 mafia is not a gun, it's a quite organization, you don't see it you don't hear it, but it's already behind you! My granpha always said that to me... but today mafia is worldwide
@kyral2307
@kyral2307 2 жыл бұрын
I would like to hear some thoughts about his, but I genuenly belive that one main thing which Italy needs is confidence. I know, it might sound insignificantly, but I caught the impression that Italians have gotten such a bad image that they don't even belive themselves in fixing their country's problems.
@lclhago2098
@lclhago2098 2 жыл бұрын
As a young adult in italy the problem is the older generation they don't see the younger generation as capable because for exaple i belive in labour law while older folk denounce it, then the jobs pay too little for youger folk a friend of mine was offered a job as a waiter they gave him 600€ and 200€ on the side. But the other massive problem older folk don't want to pay taxes. Why ? There are too many! I helped my father in our small business and counted how much we gained for product sold it was 50% like from 10€ we got 5€ without taxes with them we made about 12/15%. That is why we moved the family business away
@lclhago2098
@lclhago2098 2 жыл бұрын
And one massive problem imagine if every italian politician was a Donald Trump is just a joke italian politics and burocracy (but thank god the last one is getting updated)
@dia6olo34
@dia6olo34 2 жыл бұрын
The problem is the government, the politics in Italy are extremely ineffective due to divisions and just endless red tape. The whole government system is broken, it can’t operate properly and get stuff done, in essence everyone is working with their hands tied behind their backs, they are all working against each other instead of for the country. As is mentioned in the video, literally a new leader every year which speaks volumes regarding the state of the government system in Italy. As an Italian, it’s a crying shame because it’s a beautiful country, with still lots to offer that is slowly ruining itself from within.
@sergpie
@sergpie 2 жыл бұрын
@@dia6olo34 At the national level, this is very much true. Though it should be of note what local municipalities have been able to accomplish in spite of covid, high debt, and bureaucracy; even Naples has been on a metro-building spree that has surprisingly been on time and not scandalized by anything ( 🤞 ). I’m not necessarily pro EU, but if it is to remain implemented, economic integration (as aforementioned), would ultimately be best for the union at large; despite it being at the cost of members like Germany, Ireland, or the Netherlands.
@leonardodavid2842
@leonardodavid2842 2 жыл бұрын
@@lclhago2098 Man labour laws are exaggerate in Italy. The video btw lists it as one of the causes of Italian unemployment, and virtually all economists, Italians and not, agree that labour laws must be relaxed. Wages will increase naturally as the economy improves. However, to artificially increase them, will only results in unemployemnt as there ar e or enough resources to pay everybody a high wage, which itself will only reduce economic growth and in the future further decrease wages.
@eurotop40
@eurotop40 2 жыл бұрын
PIIGS: typical British offensive acronyms.
@J__C_
@J__C_ 2 жыл бұрын
It's PIGS now. 🐖🐷📉 Ireland 🇮🇪 has managed to leave this list
@joedwyer3297
@joedwyer3297 2 жыл бұрын
What does it mean?
@palm6714
@palm6714 2 жыл бұрын
@@joedwyer3297 it's an acronym for Portugal, Ireland, Italy, Greece, Spain
@antoniomariamacri7500
@antoniomariamacri7500 2 жыл бұрын
Was It so difficult To call it SPIIG?
@jdlc903
@jdlc903 2 жыл бұрын
How is it British - it comes from Goldman sachs🖕🏻nothing to do with Britain. There's even a version which includes GB,as Britain does not have a perfect economy either.
@ZOMBIEVIOLENTO
@ZOMBIEVIOLENTO 2 жыл бұрын
As an italian i want to thanks u for this very accurate job. Not even an italian would be so precise in every aspects. Well done mate keep doing like this
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for the support 🙏
@ZOMBIEVIOLENTO
@ZOMBIEVIOLENTO 2 жыл бұрын
The only missing thing is the partial privatisation of statal businesses that led to the economic growth of '90
@kurtb1706
@kurtb1706 2 жыл бұрын
Our cars are more practical, but the Italian ones look cooler. 🇩🇪❤️🇮🇹
@J__C_
@J__C_ 2 жыл бұрын
Looks like the Axis Powers gang is getting back together
@ziadghannam7704
@ziadghannam7704 2 жыл бұрын
only the Japanese cars are reliable
@J__C_
@J__C_ 2 жыл бұрын
@@ziadghannam7704 Toyota
@missouriresole4726
@missouriresole4726 2 жыл бұрын
@@ziadghannam7704 **Honda F1 engines have entered in the chat**
@trocustar3450
@trocustar3450 2 жыл бұрын
Ex-Axis Country have gr8 automobile companies. Is that a coincidence? 😁
@praetorianguard5696
@praetorianguard5696 2 жыл бұрын
I must be honest with you, this is one of the BEST videos about italian economy I have ever seen! Finally someone that doesn't fall for the same, old, stupid stereotypes and tries to see things objectively! Well done! I can see you made good research. To add something, Italy is one of the countries with the highest private saving rates in the world. Italian private saving is 2 times bigger than the public debt! But this leads to another problem with the italian economy. Italians tend to save A LOT. They don't spend that much, prefer saving for the future, so privately italians are wealthy but the state is poor.
@Marle98
@Marle98 2 жыл бұрын
True
@EconomicRaven
@EconomicRaven 2 жыл бұрын
thank you for watching 🙏
@johnmacasinag3996
@johnmacasinag3996 2 жыл бұрын
Are you saying Italians are frugal like the Germans?
@praetorianguard5696
@praetorianguard5696 2 жыл бұрын
@@johnmacasinag3996 No, because I don't know how frugal germans are. I didn't make any comparison, I was simply saying how much the italian private saving rate is, i.e. around 2 times italian public debt.
@antdele99
@antdele99 2 жыл бұрын
@@johnmacasinag3996 If you consider the rate of private debt, Italy, Germany and I believe also Spain are the Western European countries with the lowest private debt. While the countries defined as "frugal" such as the Netherlands, have private debt among the highest in the world, about 290% / GDP. Frugal countries are not very frugal
@AB-ud3in
@AB-ud3in 2 жыл бұрын
The job market in Italy truly benefits no one. Wages can sometimes be so low that it is more lucrative for people to just not work and live on older family members’ pentions. There is no minimum wage, taxes are high, unemployment money is often given unfairly. On the other hand as you said, employees have to be extremely careful about who they hire, since it’s very hard to fire people. This vicious cycle creates a sense of hopelessness and stagnation that I have yet to experience in any other developed country.
@giancarlodirovasenda8263
@giancarlodirovasenda8263 2 жыл бұрын
As an Italian i feell the day that we will have a reliable and transparent public service I think trust among Italian consumers will finally rise and an economic boom created by internal demand will occur. But until Italian institutions and bureaucracy remain prone to inefficiency and corruption it will be hard to assist to a full economic recovery. we cant relyonly on exports forever
@jacopofacheris7215
@jacopofacheris7215 2 жыл бұрын
Quello che dice non è del tutto accurato, noi da 20 anni abbiamo un surplus primario, ovvero le nostre entrare sono maggiori delle nostre spese. Perdiamo il surplus nel pagamento degli interessi sullo stock di debito. Dal 2000 mola abbiamo sottratto dall’economia più di 700 mld di euro. Ci hanno preso per le palle comprandoci il debito e l’unico modo per accedere ai fondi è una garanzia che non può venire dal nostro Stato, ma da quello tedesco.
@leonardodavid2842
@leonardodavid2842 2 жыл бұрын
@@jacopofacheris7215 ?! Il debito non lo dobbiamo alla Germania… ma ha noi stessi. Ecco perché si chiama debito publico, banca d’Italia ritiene la fetta di debito più grande.
@CarloRossi54523
@CarloRossi54523 2 жыл бұрын
@@jacopofacheris7215 quindi secondo te ci hanno fatto un danno comprandoci il debito?
@jacopofacheris7215
@jacopofacheris7215 2 жыл бұрын
@@CarloRossi54523 il debito se detenuto dai cittadini tipo Giappone è sicuramente meglio che detenuto dall’estero. Poiché gli interessi generati dallo stock di debito non rientro con il consumo nell’economia, ma essendo afflussi di capitali, questi usciranno dalla nostra economia.
@jacopofacheris7215
@jacopofacheris7215 2 жыл бұрын
@@leonardodavid2842 falso
@KeejoeMusic
@KeejoeMusic 2 жыл бұрын
I fully agree with the point that one of the main issues about Italy is that italians don't really trust the government - because of many regrettable decisions politicians made in the last decades -, that makes many business don't feel any kind of guilt by evading taxes, because "even by doing so, things wouldn't change for the better". Sadly, it's a common thought
@GpGx9955
@GpGx9955 2 жыл бұрын
They don't trust government and yet they keep voting for the party that wants more government control
@ChrisBa303
@ChrisBa303 2 жыл бұрын
I think most citizens dont trust there goverments. Even in a stable country like germany a very big portion of people don’t believe in democracy.
@teekay3983
@teekay3983 2 жыл бұрын
@@GpGx9955 it's probably a choice of 'who is the lesser evil' 😀
@GpGx9955
@GpGx9955 2 жыл бұрын
@@teekay3983 3 years ago the lesser evil was a party whose candidate PM was a guy that struggled with basic Italian grammar. And I'm not even kidding
@IlGrandeMagazzi
@IlGrandeMagazzi 2 жыл бұрын
@@GpGx9955 and that should tell u how bad is the other party
@Oyzatt
@Oyzatt 2 жыл бұрын
As a foreigner living Italy, I will say your video is clearly explained and lucid.
@gabrielesolletico6542
@gabrielesolletico6542 2 жыл бұрын
Che fai di bello nel mio Paese?
@oseo943
@oseo943 2 жыл бұрын
@@gabrielesolletico6542 if he live here... it's his Country also.
@eunanavesani6074
@eunanavesani6074 2 жыл бұрын
@@gabrielesolletico6542 i live in Veneto, im a truck driver
@You-mr3lo
@You-mr3lo 2 жыл бұрын
@@gabrielesolletico6542 You are exactly one of the problems that Italy struggles with. Italy is rapidly aging. There are few working people in relation to pensioners. And what you ask a foreigner who may be paying your father's pension, 'what are you doing here?'..I hope you don't mean it like that.
@MrMaximino92
@MrMaximino92 2 жыл бұрын
@@You-mr3lo what did he say of so bad to trigger you? All europeans countries and north America have the same issues.
@enricoccc
@enricoccc 2 жыл бұрын
Amazing video, it's the best description of Italy I've ever heard.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@alessandrocontesini3295
@alessandrocontesini3295 2 жыл бұрын
Video realizzato molto bene e con informazioni precise🇮🇹
@dax1776
@dax1776 2 жыл бұрын
Man your videos are sooo goooddd ! Keep up the good work brother ! 💪
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@sreedharraj3821
@sreedharraj3821 2 жыл бұрын
A great video. You really need more subscribers. Waiting for that video on India.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@MultiTheflyer
@MultiTheflyer 2 жыл бұрын
Very well done! I am in italian and hold a degree in economics and I must say this was pretty spot on. There are only a few comments that I would like to add: - The fact that people move out relatively late is not just due to cultural reasons. Cities and industrial areas where it's generally easier to find a job are relatively pricy on a real estate standpoint while the salaries are low. For example, a very lucky young graduate (I'm talking master's degree etc), will make approximately 1400 eur per month as salary, while the rent for an apartment in Milan is at least 800 eur (living on your own far from the center). If you compare the figures for an average German graduate in Berlin, which makes more than 2000 eur and has cheaper rent as far as I understand, I'm sure the message is clear. Obviously, this is not the same throughout the whole country but I'm willing to bet that we have one the highest rent/salary ratios in the world. I would argue that one of the reasons is that, because of the many regulations, it's very difficult (and costly) to build a house from scratch and therefore offer in the real estate market is not very flexible. That is because there are so many cultural preservation and environmental regulations that you can't even imagine. Plus it takes ages to get permits depending on where you are. For example, I was recently trying to install a roof window in an old farmhouse/apartment in the middle of nowhere. I had to ask for an authorization that was eventually rejected (after 6 months) because the building is in an area of "historical importance". I can assure you, it's a piece of crap farmhouse in the middle of the f***** nowhere. And that's for a roof window. Imagine building a whole house. - Another reason why our economy is so ineffective is the extremely slow and ineffective rule of law. Businesses don't want to wait 5 years to see their disputes settled. Sometimes they won't even invest in the country because of it. It is a real issue especially in times of crises. E.G. : company A does not pay company B. Company B cannot wait 5 years for the ruling to get it, it will therefore either sell its credit to a bank for a big discount or go bankrupt because it need the money right now. - You are right, entrepreneurship is not very much encouraged in the country. Culturally we tend to prefer safer jobs. A testament to this is the fact that our startup ecosystem it's basically non existant compared to other european countries. You could argue that we don't have entrepreneurs/startups because we don't have an ecosystem, it probably goes both ways. However, our culture does not really encourage risk taking and I bet any italian I know would say that his or her family would tell him that he was mad if he expressed the wish of starting a company from scratch instead of getting hired somewhere. - We have a serious skill mismatch problems. 10% of the population is unemployed, nevertheless companies cannot find the profiles that they want to hire. That's because unemployed people are generally low skilled while companies require things like engineers and data scientists. Data scientists and engineers tend to leave the country and go live somewhere where they can earn significantly higher salaries like Germany or Switzerland. I could probably go on for an hour or so, hopefully whatever I wrote was interesting to someone, Cheers
@EconomicRaven
@EconomicRaven 2 жыл бұрын
thank you watching and for the insights 🙏
@zampy15021993
@zampy15021993 2 жыл бұрын
If i may add extra info FYI: - Even if regulation weren't a problem you would still not be able to build a house since you most likely need a mortgage, you can't get a mortgage without an indetermined contract. It's almost impossible to get that kind of contract before 35 yo. - To worsen the skill gap there is also the fact that they pay is generally shit compared to other EU countries, for any job including high skill jobs. I have a friend that has a master degree on automation technology and after 3 year working in the same place his base salary is 1300€ (net), same story for other engineers i know. If you don't mind leaving the country that's what you do since you probably end up with at least the double + benefits. - One highly overlooked thing is that in 1993 they removed the "scala mobile" on salaries. Basically it was the inflation adjustment on the base salary of employees. Since then the base salary depends on "national contracts" that are different depending on which category you work. These contracts are reworked to increase the base salary sometimes. Needless to say that none of them kept up with inflation. CPI 1993-2001 is up from 60 to 104, that's 70+% increase. My mother worked the same job in the same place for all her life, retired last year, she didn't get 70% increase even including the increase you get because of seniority (the amount of years you worked)
@mrudikent
@mrudikent Жыл бұрын
Ben detto
@TheHardCore89
@TheHardCore89 2 жыл бұрын
That is a great analysis... some imprecisions but overall a fair breakdown of the situation.. Thank you, great video
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@keyvan6660
@keyvan6660 2 жыл бұрын
Thank you for your fantastic video,please continue and make a video for all the country through out the world🌸
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@gio.c4555
@gio.c4555 2 жыл бұрын
The “P.I.I.G.S” that got me 😂 sorry! Great video as usual and nice and clear English us non natives
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@borademirors5542
@borademirors5542 2 жыл бұрын
Great video! You deserve much more subscribers.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@rjgc4409
@rjgc4409 2 жыл бұрын
On point. Been to Rome, and this is quite nostalgic. Well-researched information you shared here. Thank you.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
thank you 🙏
@rsaz31
@rsaz31 2 жыл бұрын
Excellent video content economic raven!! Love it! Keep up the good work! I can see your subs growing to 1 million in a year or two!
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for the support 🙏
@carlogardella5808
@carlogardella5808 2 жыл бұрын
I agree in general with your statements. I would just include the packaging industry among Italy's top economic sector. I would also add that private debt is still low compared to other European countries and that large majority of Italian families own their house.
@oliversissonphone6143
@oliversissonphone6143 4 ай бұрын
But did the author intentionally misspell "basket" just so I'd comment?
@bartoszsobczak2824
@bartoszsobczak2824 2 жыл бұрын
Impressed with your work! Could you consider Poland please 🙏
@EconomicRaven
@EconomicRaven 2 жыл бұрын
The Raven will fly over Poland soon!
@krishnasamandhayala2584
@krishnasamandhayala2584 2 жыл бұрын
love your work. more countries bro.
@sharonbolmentbolment8951
@sharonbolmentbolment8951 2 жыл бұрын
great video! Well-done you!
@akshayraj9141
@akshayraj9141 2 жыл бұрын
You have spoken the truth and nothing but the truth my friend ! Kudos on the work you've put in... 😄
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@tiusernamenabalw
@tiusernamenabalw 2 жыл бұрын
Italy is the best country in the world. Even if it makes life a bit hard on its citizens, it is a small price to pay for living there! Lots of love from your brothers and sisters in Greece
@theContactwithroccomog
@theContactwithroccomog 2 жыл бұрын
Great and well detailed but would be nice to see a longer and more detailed video.
@rogerwetton1
@rogerwetton1 2 жыл бұрын
Great video! Hope there will be more videos to come on other countries.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
More videos on other countries coming soon!
@afxnsx
@afxnsx 2 жыл бұрын
Great video, could you maybe do Portugal soon?
@EconomicRaven
@EconomicRaven 2 жыл бұрын
the Raven will fly over Portugal soon!
@goncaloaraujo6644
@goncaloaraujo6644 2 жыл бұрын
@@EconomicRaven niceee
@edoardospallarossa2730
@edoardospallarossa2730 2 жыл бұрын
The fact that Italians leave the family around 25-30 years is related to the cost of life. Here in Italy when you get your graduation for the first 2/3 years you can change many jobs that the most of the time give you from 600 to 900€ per month and if you consider that a rent costs 600€ or more, if you live in cities like Milano, Roma, etc. a young man/women can't afford to live their lives so is better to live with your parents and divide all the expenses for these two or three years and when you find a better job or you get a promotion than most of the Italians move out. I'm one of these Italian and it's not related to the union we have with our families it's only a matter of how are we going to live with only 600€ per month. I find the rest of the video very interesting and mostly very specific and I can see or better hear that you have studied what Italy is capable and what really makes this country the third economic country in Europe. Thank you for not saying that we are just pizza, mandolino and Mafia. Italy has a lot to offer and I think most of the people just by searching on the internet can see what we really can do and what we made, but as you say we lost most of our hope in the politicians and institutions for the most diverse reasons, but I can see in my generation (20-25 years old) that we want to change in a better way our prospective and change this country in better in every aspect
@Requiemes
@Requiemes 2 жыл бұрын
I'd say it's both. Culturally there is very little effort from the parents, generally, to make their children leave the house once they're out of school. This is reflected in many other aspects of life such as marriage and having children (which, of course, is also worsened by the economic crisis like you said). There are many countries where the cost of living is much higher and yet the families fully try their best to make the children independent as soon as possible. This doesn't happen in Italy, especially in the south, unless they're forced for education reasons, but even that is just limited during university (while in other countries this can happen even before).
@Oyzatt
@Oyzatt 2 жыл бұрын
As an African descent living in Italy for many years now your comment has explained many questions I’ve had on my mind for long time. As an African who couldn’t acquire higher education for reasons I can’t talk about now, I think we’re feeling more the economic instability currently happening in Italy. I hope things get better
@TheRichip99
@TheRichip99 2 жыл бұрын
Niente di più vero
@tudormititelu6977
@tudormititelu6977 2 жыл бұрын
Love your channel ! Keep up the good work !
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for the support 🙏
@user-mc2gm6fz9i
@user-mc2gm6fz9i 2 жыл бұрын
Great analysis in this video.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Glad you enjoyed it 🙏
@joegee6434
@joegee6434 2 жыл бұрын
Nice video! Please consider doing a video on Russia, Turkey or Iran next
@EconomicRaven
@EconomicRaven 2 жыл бұрын
For sure! Thank you for watching 🙏
@hafizsatria8957
@hafizsatria8957 2 жыл бұрын
@@EconomicRaven and Indonesia too, sir, if you dont mind 🙏
@danielezumerle7880
@danielezumerle7880 2 жыл бұрын
Compliments for the precision and the completeness of the information, which accurately reflect county’s problems and potentials. Just a big problem is here missing: the bureaucracy is very slow and sizable and this cause incapacity to spend efficiently the available money in infrastructures or other useful projects, that remain unfinished
@tlacorp.3813
@tlacorp.3813 2 жыл бұрын
8th biggest economy in the world so that means there are only 7 countries that can do better than Italy now.
@jdlc903
@jdlc903 2 жыл бұрын
Great video
@gamlielpiha2679
@gamlielpiha2679 2 жыл бұрын
I like Your coherent take and the simple, direct approach.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@danishsiddiqui7321
@danishsiddiqui7321 2 жыл бұрын
Great 🔥 , would like to see a video on indian economy
@a.liguria2698
@a.liguria2698 2 жыл бұрын
I live in Italy since most of my life... Questo video sarà interessante (this video shall be interesting)
@longoniadriano
@longoniadriano 7 ай бұрын
For an introduction to Italian economics this is a pretty well researched video. Thumbs up.
@EconomicRaven
@EconomicRaven 7 ай бұрын
Thank you 🙏
@ujwaltimalsina8098
@ujwaltimalsina8098 2 жыл бұрын
Very good video.
@sarcasmo57
@sarcasmo57 2 жыл бұрын
It was a nice place to visit in 2005. I'm sure it's still nice.
@rob5197
@rob5197 2 жыл бұрын
Visiting is not the same as living
@sarcasmo57
@sarcasmo57 2 жыл бұрын
@@rob5197 I can't live everywhere Rob.
@mygetawayart
@mygetawayart 2 жыл бұрын
If you come to places like Turin for example, there has been a great many changes since then. During that time we held the winter olympics and modernized the city, added an underground line, many modern buildings. If you go to Milan, it feels like a super modern almost futuristic city thanks to all the newest skyscrapers and plazas they built. Other parts have modernized and changed but I wouldn't say it has gotten worse since then.
@stefanomarchi3542
@stefanomarchi3542 2 жыл бұрын
@Stadia IT Grattacielo e Roma sono due parole che non possono stare nella stessa frase, eppure ogni tanto ci provano a proporne qualcuno
@gabrielesolletico6542
@gabrielesolletico6542 2 жыл бұрын
Please come back, if you enjoyed your stay.
@Bhethar
@Bhethar 2 жыл бұрын
In my experience the greatest issue in Italy is taxes and bureaucracy. I once wanted to open a business with my uni friends. The state expect you to pay a ridiculously high amount of taxes BEFORE you even generate any profit. Not to mention its impossible to hire due to the overcomplicated requirements. Despite its young population tending to be very creative, banks and financial institutions are overly conservative and don't really understand much about innovation and as a result, startups often have to migrate abroad. It does not help that politics is either ruled by ex communists converted to bankers on the left and racist criminals on the right.
@Ellipsis10
@Ellipsis10 2 жыл бұрын
💯 % true
@AlbumLeViola
@AlbumLeViola 2 жыл бұрын
Call me dumb or whatever lmao i mean aren't Italian the most artistic ppl ?? Like u invented fashion arts Roman emperor... The beautiful ancient statues and buildings etc.... 😒😒😒😒😶😶😶😵🤧 sigh
@Bhethar
@Bhethar 2 жыл бұрын
@@AlbumLeViola Well all it takes to kill an economy is high taxes and inefficient bureaucracy. 😔
@AlbumLeViola
@AlbumLeViola 2 жыл бұрын
@@Bhethar if the taxes are spent for the good of the country it's OK I guess... But u know sometimes government cant be trusted 😤😤🙁☹️
@ActitisHypoleukos
@ActitisHypoleukos 2 жыл бұрын
@@AlbumLeViola you have no idea of how much thoose leeches empties the free economy to move personal interests
@burak5601
@burak5601 2 жыл бұрын
I just discovered your videos, I have to say, your videos are addictive! Watched 3 of them already. As a political science and international relations student in university, I’d love to see you unravel my own country Turkey as well! Subscribed!
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏 we have already made a video on Turkey. Please find it on our channel.
@burak5601
@burak5601 2 жыл бұрын
@@EconomicRaven I’m so silly, I don’t know how YT didnt recommend it to me, my bad
@ThePowerMoves
@ThePowerMoves 10 ай бұрын
Thank you for a balanced view. Many other channels are on a race of who can catastrophize the most.
@Sacto1654
@Sacto1654 2 жыл бұрын
There's also a big problem of the very rich northern Italy and the poor southern Italy, particularly south of Rome. Italians (in my opinion!) should aggressively foster their agricultural industry in the south, which would really improve things there.
@giovannilee2602
@giovannilee2602 2 жыл бұрын
The” questione meridionale” is what the problem was called since unification in 1861 .... there is no will to solve it . End of the story
@unknownzzz5115
@unknownzzz5115 2 жыл бұрын
The main problem in Southern Italy (after the extreme corruption and the fact that it is quite far away from the economic core of Europe) is the awful education system
@Sacto1654
@Sacto1654 2 жыл бұрын
@@unknownzzz5115 Sadly, I agree with that assessment. 🙁
@Ingulf_The_Mad
@Ingulf_The_Mad 2 жыл бұрын
@@unknownzzz5115 True. Respect of the rules should be enforced at gunpoint in the South. Also, the "strongholds" of the various mafias should be attacked by the army and razed to the ground (we know exactly where they are and who they are) brick by brick.
@mercutiana
@mercutiana 2 жыл бұрын
it's funny to see these comments about agricultural industry and nobody mentioning the issue of "caporalato", which is a huge phenomenon in the South.
@stefanomorandi
@stefanomorandi 2 жыл бұрын
I do not think that joining the euro was a bad idea, it’s the opposite. In 20 years Italy saved 700 billion euros in terms of less interest on the debt, the problem was and will ever be its political class; joining a currency union requires strong reforms and a change from a public spending and inflationary mode to a more open and stable system, a change that Italy didn’t take because it’s not politically feasible. The biggest economic problem of Italy, in my opinion, is not in its economy but in its political class, a class that, after the government of Super Mario Draghi, will strike again in its poor competence and blind view of the future.
@zampy15021993
@zampy15021993 2 жыл бұрын
There's no view of the future since you enter the parliament, govern 2 years and then take 0 responsibility whatsoever
@emanuelebertelli6450
@emanuelebertelli6450 2 жыл бұрын
Non capisci davvero un cazzo di economia, il tuo commento é palesemente quello di colui ha creduto agli euroinomani europeisti genuflessi.
@Anneo22
@Anneo22 2 жыл бұрын
I totally agree with you on the Euro but I don't think we can blame our political class of everything, since we are luckily not a dictatorship we are able to choose our own parliament and I think it reflects perfectly the population. The real problem at the base of everything is the extremely old and overall ignorant population. Plus there are extremely low investment on school and research due to the lack of future prospects, all of that combined makes our country basically a dog biting his own tail until it's dead over a pile of debt.
@Anneo22
@Anneo22 2 жыл бұрын
@@emanuelebertelli6450 Tu che invece ne capisci ci sapresti illuminare su come l'Europa ci abbia rovinato e magari anche dare qualche idea per risolvere la situazione
@GALA89
@GALA89 2 жыл бұрын
@@emanuelebertelli6450 perché?
@LuisRobertoReyesRomero
@LuisRobertoReyesRomero 2 жыл бұрын
Great video. Good balance between the bad/ mismanagement topics, of typical economic videos Re: Europe now a days, with and the strengths of these economies. I’d love to see one of your videos analyzing the strengths and weaknesses of Spain’s economy
@EconomicRaven
@EconomicRaven 2 жыл бұрын
the Raven will fly over Spain soon!
@eduardoramirezjr4403
@eduardoramirezjr4403 2 жыл бұрын
Very good commentary 👍
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@sumitpatel22
@sumitpatel22 2 жыл бұрын
Very optimistic video, We need to have confidence to fix the economy and use the potential
@simonerossi6074
@simonerossi6074 2 жыл бұрын
In 1998 a series of reforms were passed that enabled a lot of flexibility in hiring and firing; more reforms with the same aim were introduced in 2002/03. Considering these reforms affected large sections of the population, especially those who are in their forties, thirties and twenties the assumption that unemployment is due to the lack flexibility in the labour legislation sounds a bit bizarre.
@FrancescoZOR
@FrancescoZOR 2 жыл бұрын
I studied this thing on university and was about to wrote the same thing.
@bvoio2831
@bvoio2831 2 жыл бұрын
Good video, keep it up.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
thank you 🙏
@andre0000000007
@andre0000000007 2 жыл бұрын
awesome video bro, you did forget the massive Defence industry (Fincantieri for example building FREMM Frigates for USA, Egypt, Indonesia, etc) billions into the economy. cheers from Australia.
@breadlord2855
@breadlord2855 2 жыл бұрын
I was told stories about how my great grandma hated the change from lira to euro cause she had to modify the price of the eggs and it never added up
@diego89132
@diego89132 2 жыл бұрын
Ahahahahahah fra ma che ce racconti
@breadlord2855
@breadlord2855 2 жыл бұрын
@@diego89132 no davvero Stava li a fare un casino e mia madre che diceva: "ma mettili a un euro l'uno circa, dai" perché sennò nascevano i pulcini prima che li vendessero
@Hanagigi
@Hanagigi 2 жыл бұрын
Hahaha ma perchè vendere uova gallate?
@breadlord2855
@breadlord2855 2 жыл бұрын
@@Hanagigi ma bho dicevo per dire E questa è UNA storia di mia bisnonna Ce ne sono...
@svltdes9624
@svltdes9624 2 жыл бұрын
@@breadlord2855 vabbè dai 1 euro per un uovo è assai
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Mamma Mia!!!
@sagarpanda6111
@sagarpanda6111 2 жыл бұрын
Make video on economy of turkey🇹🇷
@EconomicRaven
@EconomicRaven 2 жыл бұрын
The Raven will fly over Turkey soon!
@J__C_
@J__C_ 2 жыл бұрын
@@sagarpanda6111 ohh yeah, Turkey, the country with a shitty currency
@gigimalvassora9682
@gigimalvassora9682 2 жыл бұрын
A good quote, which clearly shows our family-based society Heritage 😁
@michaelvigato3228
@michaelvigato3228 2 жыл бұрын
Mamma mia, I hope you cooked lotsa economic issues
@MrPrentissDJones
@MrPrentissDJones 2 жыл бұрын
Great overview
@adim6755
@adim6755 2 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅ +1•2•1•3•5•8•7•4•0•8•0
@traviswilson36
@traviswilson36 2 жыл бұрын
Really good channel, just subscribed!
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@ULlisting
@ULlisting 2 жыл бұрын
Instituting the Euro currency was a catastrophe for the Italian economy. The Euro was created to help Germany at the expense of its European trading partners. A floating currency for Italy would help stimulate stronger economic growth and help solve some of Italy's economic problems.
@saveriocannata3447
@saveriocannata3447 2 жыл бұрын
That is correct! Since the euro came in force the italian economy is in an arrestable descent, favoring Germany and France and the UK.
@mrx2062
@mrx2062 2 жыл бұрын
@@saveriocannata3447 Why does it only favor some countries but not others ? I always hear from Italians how great Italies economy is and how it is a net contrbuter to the EU. Something is wrong in this narrative isn't it ? Does compatibility with the Euro somehow sink with the amount of sunshine in a country or what is the problem ?
@saveriocannata3447
@saveriocannata3447 2 жыл бұрын
@@mrx2062 Do you want that I will laughing for you silly sentence? You have only fog in your country!
@spagbowlsparmacheese629
@spagbowlsparmacheese629 2 жыл бұрын
Italy makes stuff people desire.. that type of brand power cannot be bought over night.
@maximillianx1395
@maximillianx1395 2 жыл бұрын
Except from China, because the CEOs of our enterprises are a bunch of cowards.
@audreyfastuca5960
@audreyfastuca5960 7 ай бұрын
Excellent job, this is perfect for high school students of Italian learning about the culture alongside the language
@EconomicRaven
@EconomicRaven 7 ай бұрын
Thank you 🙏
@gabrielesolletico6542
@gabrielesolletico6542 2 жыл бұрын
A very well made video. Finally, someone who doesn't call us "Mafia" or "Poor farmers" or some other amenities. I'm sharing this video on my facebook page righ now!!
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@gabrielesolletico6542
@gabrielesolletico6542 2 жыл бұрын
@@EconomicRaven Thank you for uploading!
@gunofpatriot00
@gunofpatriot00 2 жыл бұрын
AWESOME VIDEO ABOUT ITALY!!!! this is for all the Hater's 🇮🇹, my friend, but you forgot including '' the Italian private debt is the lowest in occident '' and Italy have the 2° biggest Gold reserve in the World
@adim6755
@adim6755 2 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅•• +1•2•1•3•5•8•7•4•0•8•0
@user-dl1xz3mj3i
@user-dl1xz3mj3i 2 жыл бұрын
No its not true..the 2nd biggest gold reserve has Germany
@xmaniac99
@xmaniac99 2 жыл бұрын
What Italy needs is to return to its Machiavellian politics. Think about all the damage that been done by the USA and its corporations to Olivetti, ENI and the scheming with the nuclear power plant and rearmament programme in the 1980s that so heavily indebted our nation. We are better of allying with out best frenemies; France and Germany. I truly believe this tripartite alliance would be an unstoppable economic engine, but it can only work if we leave our big ego's home.
@Marco-1997
@Marco-1997 2 жыл бұрын
True but just look at how much France and Germany did us dirty, they also need to change
@thelastpagan4999
@thelastpagan4999 2 жыл бұрын
Germany is a great ally but France is a no from me They hate our possibility of dominating the Mediterranean sea once again France want a weak Italy because ot helps them having a tight grip on the Mediterranean sea thus reaping a ton of Influence in North Africa and its Neighbours (Spain and Italy)
@Marco-1997
@Marco-1997 2 жыл бұрын
@@thelastpagan4999 true but I don’t feel the same towards Germany they need to still win my trust and the same goes for northerners exploiting others or using taxation to steal businesses in the eu that is just hypocrisy, I suggest you again nova lectio
@marktwain8121
@marktwain8121 2 жыл бұрын
The best solution would be that Germany returns to catholicism and France also and clean the catholic church ,than it will be a natural aliance between christian countries . The german reform was a hit for christianity and divided Europe between catholics and protestants , it created the conditions for the appearance of atheism and with that of comunism and naziism .
@Marco-1997
@Marco-1997 2 жыл бұрын
@@marktwain8121 NO NO NO
@giuseppecalvi
@giuseppecalvi 2 жыл бұрын
Good job, well done
@adim6755
@adim6755 2 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅• +1•2•1•3•5•8•7•4•0•8•0
@riccardocolombo9516
@riccardocolombo9516 2 жыл бұрын
Great video, you gained a new subscribe from an Italian 😁
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@67claudius
@67claudius 2 жыл бұрын
No one with a minimum of economic culture would ever compare the Italian economy to an Argentine or a Venezuelan one.
@donaldclifford5763
@donaldclifford5763 2 жыл бұрын
Or Greece or Portugaul.
@Kima344
@Kima344 2 жыл бұрын
As an argentine myself I have to agree. But I have been looking for places to move, having an italian passport I obviously looked into Italy and I am not sure I like what I see. It can change ofc, and I may also be looking at things from a paranoid frame of mind.
@67claudius
@67claudius 2 жыл бұрын
@@Kima344 I believe it's a personal evaluation, also based on your skills and your expectations.
@grindelz
@grindelz 2 жыл бұрын
@@Kima344 Italian here, what do you fear the most about moving here, if I may ask?
@Kima344
@Kima344 2 жыл бұрын
@@grindelz well it is a mix of things. I am a medical doctor in arg, our salary is not the worst (I can live and eat every month) but we usually have more than 1 job, and at least one of those is undeclared employment and even then it is impossible to save. The usual in arg but you really have to understand that if we were to pay every tax we really couldn't pay for essential stuff. I think everyone understands that evading taxes and the like is not the solution, and it puts more pressure on the unlucky ones that don't have the option of not paying 100% and also think that the majority of people who evade would gladly pay if taxes where to adhere to reality. So if you have so many people in the dark it is a symptom, not the cause. Bc at the end of the day it is easier and safer to do bussiness if you are clean. I get mad writting about it haha but here somtimes they decide you have retroactive tax increases, stupid laws that are implemented and changed as fast as they can think of them, all the limitations on the usd, etc. And ofc you are going to have half or more of the econmy working like a black market if your gov does things like that, but people let them. You can even find some who agree that the solution is more more more of the same old thing, and ofc they vote like that. BUT I can evade things like that here in my country, if I go to Italy it would only be the right thing to do to follow the law. I would be more like a guest in your country, and I would be of that percentage of people who pays every month and every year. And I know that looking too far in the future is of no real use, but I fear that 15 or 20 years from now your taxes will make even less sense that they do now and I will be paying them in a new kind of argentine hell hahahah To be 100% hones, I think my real fear is just populism and economically illiterate societies. edit: and I say economically illiterate, but if you are you are not going to stay that way for long hahaha you are going to learn things the hard way, while bringing everyone around you for the ride.
@pdbsstudios7137
@pdbsstudios7137 2 жыл бұрын
lasagna with a spoon... are you serious?... -an italian
@rohanindra6401
@rohanindra6401 2 жыл бұрын
Chicken on pizza 😅
@chienbanane3168
@chienbanane3168 2 жыл бұрын
11:56 That's a sick accordion solo man
@monicahoward7443
@monicahoward7443 2 жыл бұрын
I totally agree...one of the best and realistic video about Italy..
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@patrickmccutcheon9361
@patrickmccutcheon9361 2 жыл бұрын
Italy has stagnated for the last thirty years for a number of reasons. The most important of these are its industry having played catch up did not invest enough in R&D and fell behind those that did. It also lost out due to delocalisation and off-shoring of production in the clothing and footwear Industries. It is also burdened by inefficient public administration and universities where academic appointments are based on nepotism rather than merit and the rise of two populist parties that are good at protesting and campaigning but have no idea how to run an economy. The efforts made to join the Euro are often blamed but here it is more of missed opportunity. This should have been accompanied by reforms as took place n Germany and the Nordic countries. While some reform did take place if we look at the counter factual would Italy really be better off if it stayed out and carried on by continuously devaluing its currency? As an open economy they might have reduced the price of some exports like wine in doing so but arguably Italian wine is underpriced already. In automotive the fact that a large part of the value added and cost base involves parts and components that are imported would have led to an increase in the cost base and a narrowing of profit margins. Finally without the Euro Italy would have had to pay more to finance its outsized national debt. When countries started to make efforts to clean up public finances 30 years ago, Ireland and Belgium had similar numbers to Italy. The difference is that they were more successful in large part because they had politicians who did the right thing and did not kick the can down the road.
@nni9310
@nni9310 2 жыл бұрын
Clear brief analysis.
@Marco-1997
@Marco-1997 2 жыл бұрын
A bit superficial though
@nni9310
@nni9310 2 жыл бұрын
@@Marco-1997 To me it reads spot on, from what articles I've come across over the years.
@FabFrag
@FabFrag 2 жыл бұрын
@@Marco-1997 u can’t explain everything about that in the comment section of a social
@Marco-1997
@Marco-1997 2 жыл бұрын
@@FabFrag right but this is full of bias and it does ignore of all the forces that wronged like the us and their reintroduction of various mafiosi
@vittoriolubrano1288
@vittoriolubrano1288 2 жыл бұрын
You should have shown many more pictures of southern Italy Naples and Palermo for example
@alessandropicci4667
@alessandropicci4667 2 жыл бұрын
Great, accurate, neat description.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@alessandropicci4667
@alessandropicci4667 2 жыл бұрын
@@EconomicRaven you definitely earned a sub!
@jdebbarma2861
@jdebbarma2861 8 ай бұрын
🙏 information ,,
@stefanocunietti5643
@stefanocunietti5643 2 жыл бұрын
Italy was made just by people farming still in the 60, also without the Marshall plan and just staying in the west world would make Italy grow. While being the economical policies centered around Germany in EU destroyed Italy. Italy continually suffered the bad reputation given from the other European countries that had also an interest to do that, so much that even Italians started to believe that.
@paolocamerotto7573
@paolocamerotto7573 2 жыл бұрын
One of the main problems of our country is the mentality of the people and the structure of businesses. 90% of italian businesses are small enterprises that costantly evade taxes. Without stricter regulations and a reform in the productive system our country will drown in corruption and debt
@05juanluis
@05juanluis 2 жыл бұрын
You do realize it’s stricter regulations that is the problem of Italy and also this is how corruption thrives through government rules and regulations.
@alorgb7440
@alorgb7440 2 жыл бұрын
@@05juanluis regulations aren't equal in all fields, in Italy small business evade taxes and underpay workers all the time
@05juanluis
@05juanluis 2 жыл бұрын
@@alorgb7440 maybe the taxes are too high so small business avoid them and if the workers are getting underpaid then get a union involved.
@valorzinski7423
@valorzinski7423 2 жыл бұрын
@@05juanluis taxes are evil, evading taxes is the highest form of patriotism and anti racism. Those small business owners are the true heroes!
@05juanluis
@05juanluis 2 жыл бұрын
@@valorzinski7423 I agree and disagree, taxes is what I call a necessary evil in society because we cannot operate a country without government service we need fire, police, military, education, courts and infrastructure. Though the government wastes so much money that I think sometimes taxes are evil like why is are tax dollars funding gender studies.
@Leo-Crespi
@Leo-Crespi 2 жыл бұрын
Surprisingly well done.
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you 🙏
@landy4497
@landy4497 2 жыл бұрын
great video, almost seems like you've lived here for your entire life!
@EconomicRaven
@EconomicRaven 2 жыл бұрын
Thank you for watching 🙏
@hawkkim1974
@hawkkim1974 2 жыл бұрын
Italy has a huge fertile land as well as surrounding sea! I would be quite surprised if Italy starved to death. Farming is the fundamental economy and also the future!
@VanTran-ne4yf
@VanTran-ne4yf 2 жыл бұрын
They used to live in a palace , now they going to end living on the street with 2 meal a day eat and sleep like dog and cat. Can you live like that? Human been have brain , they need to do something everyday .
@eugenioconti4688
@eugenioconti4688 2 жыл бұрын
You forget the climate crisis. Science is clear on that matter: agriculture will pay a heavy price in Italy as well as the world.
@scratchx7909
@scratchx7909 2 жыл бұрын
You forget that a large chunk of that area is hilly/mountainous, therefore not particularly suited for agriculture
@berserkberserk997
@berserkberserk997 2 жыл бұрын
we also have radioactive wastes and chemical wasted buried under a lot of fields .... and listen to this one .... PEOPLE FARM ON IT !!!! PORCAMADONNA !
@berserkberserk997
@berserkberserk997 2 жыл бұрын
@@thelonestar_0336 negare non risolverà il problema !
@julianhofmann7851
@julianhofmann7851 2 жыл бұрын
The video feels kind of incomplete without discussing the split between northern and southern Italy. Still got a like :)
@berhanemichael8816
@berhanemichael8816 2 жыл бұрын
Excellent informative and educational presentation with American accent Please would you talk about: inflation employmentnt and tax, basic economic development for Africa, Thanks
@matteooliverio5940
@matteooliverio5940 2 жыл бұрын
As an Italian, I think that a huge challenge for growth is culture: lots of people (as well as the political class) lack of honesty, sense of community, entrepreneurship and vision. Unfortunately I don’t see that new generations represent a huge change from this
@bubastis6306
@bubastis6306 2 жыл бұрын
Italians also need to have more children.
@marcus2251
@marcus2251 2 жыл бұрын
It is true that Italy has many problems that do not depend on the single currency. But there is a fact: throughout the 70s, 80s and even 90s, labor productivity in Italy was constantly growing, but starting with the adoption of the euro and the fixed exchange rate at the beginning of the 2000s economic growth has effectively stopped. We understand why: with the euro, both the Italian state and businesses have much less resources to reinvest and increase productivity. Italy should return to its national currency, but it is too hot a political issue and there is strong opposition from the Italian and European political establishment.
@FilippoBuracchi
@FilippoBuracchi 2 жыл бұрын
Economic growth was also backed up thanks to recurrent currency devaluation which made export easier but also greatly inflated public debt and inflation (far above the "healthy" inflation growth). With the Euro it's impossible for a single country to do so. The main Italian issue is that we (they) had no long term vision and planning, especially when there were abundant resources that could be invested this way.
@marcus2251
@marcus2251 2 жыл бұрын
@@FilippoBuracchi I agree with you about the last paragraph, but non the firt. The inflation in the 80s was brougth under control and in the 90s was at the same level as today. The public debt could also be controlled more easily: in the 90s the public debt was lowered, while with the euro the italian public debt is rising without control, also becuase the economic growth is very small. Yes, with the lira we paid high interest rates, but were well compensated by economic growth.
@FilippoBuracchi
@FilippoBuracchi 2 жыл бұрын
@@marcus2251 some economists would say that economic growth was backed up only thanks to devaluation, which exposed us to Soros's lira attack too. I'd rather prefer a small but constant growth under a controllable and healthy inflation than a big but unstable growth with a so high inflation that my last year's salary has lost 15-20% of its value because of the prancing inflation. Yes, I'm pro Euro and pro European Union, even if I think they both could had been done differently and better.
@marcus2251
@marcus2251 2 жыл бұрын
@@FilippoBuracchi that value of inflation was only at beginning of the 80's, and was provoked also by the petrol crisis of 1979-80, but then was gradually reduced (without the euro). 1980: 21,1% 1985: 8,6% 1990: 6,1% 1995: 5,4% 1997: 1,7% I don't think that the eurexit is the solution for all our problems, but i think that the euro is an additional obstacle to our prosperity.
@FilippoBuracchi
@FilippoBuracchi 2 жыл бұрын
@@marcus2251 I think the main obstacles are not within the currency itself but in the lack of sense of social responsibility, lack of vision by the leading and political class, lack of trust towards young generation, lack of investments in research and development, high rates of school leave, high rates of unpaid taxes and so on. Also, we spent (wasted) too much money just to make people happy without really making working reforms (eg: baby pensions) or in unsuccessful projects. The common currency only highlighted our faults and failures. If we learn from our mistakes we can hope in a brighter future. And to be honest, I don't think we did so much worse than Germany or Nederland. I just think they were better than us in making things look shinier than they really were. We are so naive...
@atmadeepbanerjee4421
@atmadeepbanerjee4421 2 жыл бұрын
Very good
@magroplayer9845
@magroplayer9845 2 жыл бұрын
I really dont have anything to say, but since the video is great and deserves to be reccomened this comment should help with the algorithm
@mygetawayart
@mygetawayart 2 жыл бұрын
I would love if you could do a video comparing Italy to Japan. I think the two countries share so many cultural, historical, economical, demographical, geographical ties and not enough people think of comparing the two. I think there are more things in common than there are not. The thing that mostly divides us is our societies: where Japan is collectivist, Italy is individualist (also Japan didn't have something akin to the Roman Empire in its early history).
@Francescotix
@Francescotix 2 жыл бұрын
About the worker protection which makes it difficult to fire people, as an Italian I'd like to say that it is true, but not for everyone: it may be true for the older workers, but not for the younger ones who are usually precarious. Moreover, I think that it cannot be ignored that Italy is the only G7 country without minimum wage rates (there are some collective bargaining agreements, but they are clearly insufficient).
@adim6755
@adim6755 2 жыл бұрын
T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g. f.o.r m.o.r.e i.n.f.o o.r..g.u.i.d.a.n.c.e. W.H.A.T.S.A.P.P✅ +1•2•1•3•5•8•7•4•0•8•0
@mishal5212
@mishal5212 2 жыл бұрын
Brilliant video. Maybe a video on a gcc country like Kuwait?
@EconomicRaven
@EconomicRaven 2 жыл бұрын
the Raven will fly over Kuwait soon!
@Sanaz.TravelVlog
@Sanaz.TravelVlog 2 жыл бұрын
like your video 😍😍😍😍😍😍😍😍
@dr94279
@dr94279 2 жыл бұрын
The euro has been a disaster for Southern Europe
@donaldclifford5763
@donaldclifford5763 2 жыл бұрын
Should Italy drop the Euro and revert back to the Lira?
@playthegame7445
@playthegame7445 2 жыл бұрын
@@donaldclifford5763 For that q i think you can get your answer by looking at Argentina's currency or Turkeys. People do tend to save money so would you be happy to lose half of your savings overnight Italy to have economic growth they need to make it easier for investors to invest and they need to reduce the influence of the mafia
@barrankobama4840
@barrankobama4840 2 жыл бұрын
@@donaldclifford5763 yes
@RobertSmith-up9rz
@RobertSmith-up9rz 2 жыл бұрын
That’s a very Southern thing to say.
@theape8462
@theape8462 2 жыл бұрын
The amount of unpaid taxes reflects in the country spending compared to gdp, the medium old age reflects in the number of young unemplyed and amount of pensions. Adding to this the political instability given to a particular elections system (bicameralismo perfetto) and a very slow burocratic process you can see how many problems the italian economy has, it's not acceptable, italy could be a much wealthier country if it really wanted
@zampy15021993
@zampy15021993 2 жыл бұрын
The amount of unpaid taxes reflects in the country spending compared to gdp. NO. Italy includes the "underground economy" in the GDP. More than 10% of GDP is undeground economy. The spending is high any way you look at it.
@pulse4503
@pulse4503 2 жыл бұрын
Raven tells it like it is! Bravo! Minus the "mama's boys" part, actually most of them are forced to stay at home due to the lack of social policies, enabling them to do so... Thanks for shedding a lot of light, anyway!👏👏👏👏
@pulse4503
@pulse4503 2 жыл бұрын
It was just about time to debunk lots of lies too!
@MaxPuliero
@MaxPuliero 2 жыл бұрын
very good.
@user-cv2vo5wn9m
@user-cv2vo5wn9m 2 жыл бұрын
i’m chinese and living in a toxic and pathriarcal family. I live in italy and am an uni student, with maybe a too “diverse” mentality compared to my parents. moving out is the only solution to ease my mental and physical health, but it’s so difficult in a country which either exploits and gives low pay to teenagers, whose job opportunities are so low. I envy people with a good family, as they are able to live a nice youth with family support.
@andre0000000007
@andre0000000007 2 жыл бұрын
good luck my friend, I hope things get better for you.
@tropposcontato1948
@tropposcontato1948 2 жыл бұрын
Do you have Italian citizenship? I think you may have a proper plethora of support in that case
@user-cv2vo5wn9m
@user-cv2vo5wn9m 2 жыл бұрын
@@tropposcontato1948 ci sto lavorando, ma come sempre qua si va a rilento😭 spero di fare presto il giuramento e avere la cittadinanza
@tropposcontato1948
@tropposcontato1948 2 жыл бұрын
I feel you. I'm working on it as well, against bureaucracy to get a home I can call my own. Buona fortuna, spero per te che si sblocchi tutto prima possibile ❤️
@Siwashable
@Siwashable 2 жыл бұрын
I live in Canada (Toronto region) and people in their 20s here cannot afford to buy any sort of living quarters).. maybe people in their 30s still live at home here... so this just isn't an Italians phenomenon...
@francescotrillini5226
@francescotrillini5226 2 жыл бұрын
Agree with you! Shit nowadays is everywhere
@mojumderfarhad5215
@mojumderfarhad5215 2 жыл бұрын
Bro I love you ❤️❤️
@sagarpanda6111
@sagarpanda6111 2 жыл бұрын
Good video make one on turkey🇹🇷
@EconomicRaven
@EconomicRaven 2 жыл бұрын
the Raven will fly over Turkey soon!
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