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@underland1983

Жыл бұрын

Dude how much coffee do you drink per day. It sounds like a pot a day.

The main problem are the governments in Europe. They do everything to satisfy the pensioners at first and ignore the young and working population who are crucial for economic growth and prosperity. The political leaders who are in power are happy of this because they receive a lot of votes from the retired generation. As a result the tax money is invested in a completely wrong direction.

@RazorMouth

Жыл бұрын

​@pm did you ask them? And did you remind them that the same immigrants pay taxes that go towards their state pensions?

@frankthetank5708

Жыл бұрын

​@@RazorMouth The polls about that are very clear. The older the less willing to accept change. Even small children are considered a burden.

@xouat

Жыл бұрын

Ironically the young are also prioritizing pensioners, look at France these past few weeks

@Zack-fu4lo

Жыл бұрын

@@xouat that's not the case tho? The changed pension won't affect pensioners aside from the ones who's one year or two away from retirements. After all, pensioners already got pensions, the government won't take that away. The ones affected are young people that's gonna have to work longer

@roaldruss4211

Жыл бұрын

You label it a 'problem' but for those politicians that's their lifeline. Turn against your strongest voting demographic and face a political suicide. Don't believe me? Look at France where President Macron tries to enact a new pension scheme designed to ease the financial burden that the aging population will ultimately exact if left as is. The result: massive protests. As you can see it's not so easy to do the 'right' policy thing.

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

@Oly_laura

Жыл бұрын

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

@martingiavarini

Жыл бұрын

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

@martingiavarini

Жыл бұрын

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

@Oly_laura

Жыл бұрын

@@martingiavarini How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

@martingiavarini

Жыл бұрын

@@Oly_laura 'Catherine Morrison Evans’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .

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.

@rogerwheelers4322

11 ай бұрын

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

@joshbarney114

11 ай бұрын

In the world of finance, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 350k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards financial success.

@FabioOdelega876

11 ай бұрын

@@joshbarney114 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@joshbarney114

11 ай бұрын

@@FabioOdelega876 I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field

@FabioOdelega876

11 ай бұрын

@@joshbarney114 Thank you, I just looked her up on the internet and found her webpage and also looked into her credentials. which seems really proficient. I wrote her a mail outlining my financial objectives and planned a call with her.

Everything you said is correct, but the main cause for the decline is demographic. Europe isn't just aging and therefore increasing the dependency rate, but older people who favor the status quo also control the largest voter base. This leads to an absolutely unavoidable financial crisis, unless birth rates increase. It already happened in Japan, and there is a strong correlation there between the size of the working-age demographic, and GDP. Radical immigration schemes aren't helpful if most of the immigrants come with a lot fewer skills. You have already talked about this in previous videos, but it's always mentioned in some narrow context like "are pensions sustainable?". It is more correct to talk about it in the wider societal context.

@danmcnerney7886

Жыл бұрын

Yea, when you finish your race.

@Merle1987

Жыл бұрын

​@@danmcnerney7886 extinction has a long and distinguished pedigree.

@mikatu

Жыл бұрын

Europe already has plenty of population. There is no need to increase the population.

@moonstruck336

Жыл бұрын

Yup, no solution for the demog. collapse so whoever can will run or war - fun times

@enisdemirovic4883

Жыл бұрын

​@@mikatu Yes, but for a productive economy it is the younger/working population that counts.

I am amazed by the fact that demography is never, never, never mentioned by economists. composition of elderly people vs citizens in their productive age, ratio of children vs. elederly, which changes dramatically the personal expenditures inclination, needs, etc. still only with capital and productivity

@rnish2958

Жыл бұрын

A lot has to do with the way the academics are structured, in silos. Economics study production of goods and services. Demographics is all about people, so the sociologist get that one. About 15 years ago the nobel prize for economics went to an economist who determined that people are not rational. People are just not an economists thing.

@Szymek25

Жыл бұрын

how about also IQ and multigeneration know high dying in families with less children to selfreplicate

@mikehudgelam1789

11 ай бұрын

demography is unbelievably changing in Europe. yall goin to witness a complete new generation of syrian nationality soon.

Here's a fun fact; GDP per hour worked of France and Germany is 93,94% of the US' they just have a lot of retirees

@mikatu

Жыл бұрын

Fun fact, that is perfectly fine since people in Europe have vacations and a life outside work and social protection. The rich countries are still increasing their population according with their needs. For example, Switzerland has currently 8,6 million but is expected to grow all the way to 10 or 11 million in the next years (however the housing market doesn't seem to be able to accommodate all that growth).

@Szymek25

Жыл бұрын

USA imports smarter immigrants...

@inbb510

4 ай бұрын

​@@mikatuthat may be the case now but with low fertility rates and aging population, our Ponzi-scheme like welfare system will have to be downsized in the future to relieve young people of ever-increasing tax burdens.

European countries can’t do a consumption based economy anymore because of their demographic crisis. The only way Europe can avoid stagnating economically is to connect their economy to a consumer market abroad. I don’t think any region in the world want to be import dependent anymore.

@ireminmon

Жыл бұрын

EU is also running an innovative new foreign policy of destroying relations with anyone who doesn't think exactly like the commission and submit to its "values"

@carlosr192

Жыл бұрын

There's some new market places in the world...BRICS and others not so on the sight like peru, Mexico, Chile and Indonesia. The right product and agreement could be good for both sides.

@RazorMouth

Жыл бұрын

🤣🤣🤣🤦‍♂️

@Commievn

Жыл бұрын

Europe generally produce more than they consumed, while China and India consume more than they produced. Yes, China the world manufacturer is also the world largest consumer of almost everything, especially foods and luxuries items. If i am not wrong, 60% of all luxury products like LV, Dior, Gucci are sold in China.

@RazorMouth

Жыл бұрын

@@Commievn China had a positive balance on trade of about $700 billion in 2021 and $800 billion in 2022. Are you sure you're right?

I believe the global slowdown is partly demographics, but also monopolies. What innovation there is gets crushed by existing companies or eaten up.

@johanstjern4118

Жыл бұрын

Demographics and regulation. Imagine that every year it costs more resources to produce cars that fulfil the same transportation task. More complicated and heavier, just because regulation forces new features every year and taxes favour heavier cars. This means less people will be able to use a car, less transportation fulfilled. Every year. You find these kind of issues everywhere today in the EU, like how they build roads, then regulation forces them to make the road worse or block it completely.

@rnish2958

Жыл бұрын

We spent all the free money we printed on stuff, creating a massive pile of debt Debt is just borrowing from your future. Why dont people have a future? Its because they already spent it. China was real estate, US was tech, zoom terminals cell phones, real estate, student loans. How do you go bankrupt? Slowly at first, then all of a sudden.

@kageisuke

Жыл бұрын

@@rnish2958 Most of the "free" money went to banks, then large businesses. Who pumped up their stock prices. So it didn't even go to actual "stuff". Middle and lower income people paid off debt or bought themselves something they would've normally had to save for. You can see it on the reducing of debt burden while the money was going to people.

@rnish2958

Жыл бұрын

@@kageisuke We will have to agree to disagree. Around here. People were paid $1000 a week not to work, add state unemployment $400 a week min and then special unemployment $300 a week. That's $1700 a week to do nothing. About $85k annualized. People stopped paying rent, student loans (because the gov said they could). They called it forbearance.. Then people went on a spending spree. But there is no free lunch. Massive auto and housing bubble is bursting. Auto repo's are up and housing evictions are picking up. .

@kageisuke

Жыл бұрын

@@rnish2958 I don't know where you live, but no one was pulling in that kind of money a week here in Central VA. Not anyone I knew anyway. The friends I had on unemployment did their fair share of spending, but they also built emergency savings and less debt because of the extra money. The housing and auto loan bubbles crashing are because of bad business practices. Lending more money to people who can't afford it because the economy was "booming" until 2020 hit. No one was getting a loan for anything based off of unemployment benefits. If they got a car or house based off of unemployment checks it's because the lenders were dumb enough to count it. These problems are definitely because of free floating money, but big business' addiction to it is the major blame.

Europe actually does invest quite a bit in R&D. The currently running Horizon Europe R&D budget is €95B over 6 years, and there are several other big EU funded R&D programs as well. I have participated in several EU funded R&D projects and have a pretty good idea why the ROI on this spending is almost negligible. Europe is still trying to create a "Europe" to compete with the US. Research projects are required to have multiple "partners" from several EU countries. I've worked on projects with 10-15 partners, where the most productive thing we accomplished was to organize the next partner meeting, where EU taxpayers covered flights, hotels, meals and per diems for all participants. In short not much actual research was accomplished or exploited, but we did have a great time visiting and enjoying vacations all over Europe.

@banto1

Жыл бұрын

(for those who don't get my point, Europe is lot more concerned with creating a cohesive "United States of Europe" than with actually producing world-class innovative research that can then be translated into world-class companies).

@RazorMouth

Жыл бұрын

​@@Gary-bz1rf 😂😂😂😂😂

@RazorMouth

Жыл бұрын

@@Gary-bz1rfyou took all that from a smiley face, desperate for attention or what? it just all of a sudden started decreasing 2 years ago? That wasn't population decline that was people moving to cheaper countries during the pandemic. And you say I don't understand? 🤣 That is not what population decline is, it is decline over many years and the EU is set to have the highest population on record this year. It's population has been growing steadily for decades mainly due to migration while natural birth has been slow. But the overall population is growing. A quick search shows it's gone from 425 million to 447 million in 20 years. Thats not decline 🤦‍♂️

@joaquimbarbosa896

Жыл бұрын

And in some very promissing techs I must say. I got impressed by CHPM or geothermal lithium, both financed by the EU

@mreese8764

Жыл бұрын

The research money must not create competition to existing companies. EU funding is meant to bind smart people in futile efforts.

Looking forward for the second part of this video which you have promised

I heard once that there was indeed a meeting of distinguished scientists, engineers, and academics in which the attendees agreed that all the possible inventions had indeed occurred, and nothing remained to be invented. That meeting took place in the 1890s. So, perhaps, in a similar manner, there will be innovations that we cannot yet imagine today.

I am very offended that thare are 0 italian zombie company in the video, the spanish and france cases are laughable in comparison to ALITALIA. A true national zombie masterpiece

@Sergio_Loureiro

Жыл бұрын

Is Alitalia even worse than portuguese TAP?

@CaravaggioRoma

Жыл бұрын

this is the usual anti Italian attitide of many Italians, as if tje decline of Europe as a whole is caused by Italian companies. look out for german banks, the collapse of semiconductor industry, of the printed circuit boards industry, of the photovoltaic industry, of the idiotic "expansive austerithy" propelled by the Germans who wanted to keep the euro currency artificially low..

Been saying this for years. Anyway, telling half the population that our (British) economic problems started long BEFORE brexit was even considered, and that those problems are shared with the EU regardless, is a total waste of time. Most already made up their mind from political bias alone and wont even take the 10seconds to look at a simple chart of historical GDP.

@baz1184

Жыл бұрын

You clearly have a high degree of bias of your own. Half the population is not saying that Brexit caused stagnation. They are saying that Brexit was just another symptom of the Tory government having no clue how to fix the problems so they send the country even further in the wrong direction.

@mij6918

Жыл бұрын

@@baz1184 Nope, quite literally the majority of people ARE blaming it as THE cause of all problems. And reducing it to a "tory government" issue just shows how stupid and narrow minded your world view is.

@baz1184

Жыл бұрын

@@mij6918 maybe only in your circles of uneducated voters. Brexit has created a ton of friction in the economy. You are the one pretending that other voters are single issue anti-Brexit when it doesn't line up with reality. Everyone reading your comments views it as you simply defending the Tory government's clueless rule.

@Chris-pq3wp

Жыл бұрын

​@Baz and how to fix those problems? All the opposition has to say is pay more taxes and invest more in public services which won't do anything for productivity and growth

@baz1184

Жыл бұрын

@@Chris-pq3wp read the manifesto sintead of only listening to right wing news pundits. Those aren't the only things the opposition has been saying, not by a long shot. Why would you still support the Tories to get us out of this mess when they are the ones that got us into it?

Got so hyped about talking the stuff you kept for last ;) Nice!

KUDOS for the Macroeconomic analysis! Looking forward to part two.

Just discovered your channel. Very good video ! Btw, where did you study economics ?

Didn't the productivity split after 2008 align closely to whether countries chose austerity or stimulus based government policies?

@jonrolfson1686

Жыл бұрын

The austerity vs stimulation question is the subject of Dr. Mark Blyth’s 2013 book ‘Austerity: The History of a Dangerous Idea.’ Still well worth reading.

@independentthought3390

Жыл бұрын

Massive bailouts after 2008 most certainly had a negative effect on productivity.

Bureaucracy and regulation in the EU are a nightmare

@tibsyy895

Жыл бұрын

Exactly! You just forgot corruption! There are US agents in Brussels right at their very top! They do whatever the US wants! Sink Europe.

@Karim94222

Жыл бұрын

Yes its getting crazy

@NazriB

Жыл бұрын

Lies again? AO Levels

@bartek920

Жыл бұрын

saviour*

@mreese8764

Жыл бұрын

Bureaucracy is also the source of efficiency. People stay in their tiny niche in which they know all the paperwork, specialize and succeed. Then they stay there and keep competition out. Everybody focused and gets better and more efficient. But anything new or complex is made almost impossible.

The video that youtube suggested as my next video after this one was one about massive riots and france over the retirement age being raised.

I feel like the biggest aspects are the demographic crisis and high taxes that stifle new growth.

Very interesting 👍 Thanks

Estonia is Baltic country, but actually our economy is collapsing. From 2018 to 2023 our inflation is 59%. All sectors are record low, other than energy. Inflation corrected salaries are lower than 5 years ago. For example if you go out to have beer, 1 beer costs 1 days entire food budget.

great video

Well done perfect pace wonderful data collection. Thumbs up and thank you

@VisualEconomik EN The graphs are very unclear. You say the TFP of Europe is much less/stagnant compared to the US, but they look very similar in the graph. Another inconsistency is where you say total hours per person are increasing but instead, the chart shows a decline.

@MichelleAbboud-ns5wi

Жыл бұрын

I noticed that as well. I revisited, specifically, the total hours per person increasing claim. If you focus exclusively on the last two decades (as referred to in the video), and then look at the last few years of those decades, you will see an increasing trend. This is the trend he is referring to when it is stated that Total Hours per person are increasing. (I hear ya, I found the graphs to lack technical clarity myself).

Governments being inefficient who would of guessed. Obviously no one working with or needing to do things with government agencies.

There are 50 europes, not just a single state. Each thinking individually about their state. Europe is not just , Germany, France, UK.

Bureaucracy and administration are only a small percentage of the serious problems facing EU. The one major problem that every political party is afraid of addressing is the overload on the system caused by the constant influx of people from outside of EU,this catastrophic misjudgement can not be continually fianced and will ultimately be the downfall and destruction of western laws and stability for ever!!!!!

5:53 based on this graph I really wouldn't say it's not that far behind

Science and research is the medicine to fix an economy!

It can't always just go up. But we also have a little problem and the problem is productivity. Its time for people to take more interest again in inventing and innovating...start ups etc. Another reason may be that the greatest investors in the world are not necessarily from Europe. The fresh investment capital these days comes from the middle East and China. Just to add, I posted this before watching the video...😮 I'm a bit shocked myself that my guess was so in line with your analysis 😅

@sleepyjoe7843

Ай бұрын

All EU needs to do to motivate people is lower taxes. Otherwise there are better countries to work in as business owner. I would even advise to avoid EU for young people, you will waste your time there until realization that it's just a legal theft by governments in EU.

Let's make a list: political incompetence and corruption, horrible energy infrastructure and extremely high energy prices, stagnant infrastructure quality overburdened trains and roads that are far behind the state of the art, lack of digitalization, ancient school system in most countries, out of control immigration of partially highly hostile cultures costing money and eroding trust and morale in society, capital being allocated unprodutively, subsidies, regulations, huge welfare programs, declining birthrate, extremists ideologies scaring off investors (all those communist ideas being pushed by the ultra left parties in Europe), over taxation discouraging work, education system that takes up too much of peoples lifetime, money being wasted on educations that aren't in demand and never will be and only exist for ideological reasons, a bad banking system that's forced to lend to the government, the government competing with the private sector for capital but mainly using the capital on immigrants (some German districts use 90% of their revenue on them) , debt funding social programs, debt funded immigration, ballooning costs in all government projects due to corruption and incompetence, massive administrative overheads in the government and in many companies, ... Oof it all comes down to government incompetence not one factor not even birthrates would be a thing with a competent government. But what can you expect when a philosopher gets to be minister of the economy and environment and when the same person who was the minister for families also becomes the defence minister.. When Qualifications and abilities don't matter and ideology takes over things never turn out great. Just look at VW from hearsey I've heard they hire based on woke factors and not ability.

@12:07 - "France rescues ailing media group Lagardere with a 500mn euro package" - What an apt company name!

The major headwinds are demographic and environmental, but the third is that with the end of colonialism and with the rise of Asia Europe/USA no longer have the advantage of large net trade of manufactured goods for raw materials,that held in earlier times. The accumulated capital, educational levels, still remain from the prior periods but the background of having less developed countries to trade with is no as large as the low end manufacturing has moved to less developed companies. Also some Asian companies have been very rapid in reproducing the intellectual capital once exclusively owned in the west. Recently the loss of the peace dividend, along with abundant resources from Russia has made manufacturing much more challenging especially for Germany which needs a lot of gas.... In short as the whole world develops the top half has to average down if the bottom half averages up. Sustainability needs wont allow just more resources per capita to rise all boats.

Overregulations of companies, terrible labor laws that benefit some workers but overall hinder most of them, an aging population, unsustainable pensions, and many more.

Europe's economy is declining because Europe as a whole is declining, on all fronts. Its population is shrinking, its culture evaporating, its governments getting ever more bureaucratic rather than less, etc. Europe still thinks it's the center of the world like it's been for hundreds of years yet these days Europe is growing more and more insignificant with every passing day. Europe still has a large population which means the European market is still invaluable for many companies to do business in. However that's just the market, or in other words its spending power. When it comes to actually doing things Europe is doing everything wrong. It's leading in the absurd of ultra conservative institutions: governments, universities, militaries, etc, implementing extremely progressive agendas without rhyme or reason. It has to do with fear of its own shadow(Germany is the best example but far from the only one), misplaced shame due to its past(colonialism, trans Atlantic slave trade, etc), loss of identity(greatly helped by both the above factors as well as the ever increasing immigrants due to the native populations shrinking), etc. These aren't economic reasons per se but they have a tremendous impact on the economy, along with many other things.

Productivity and the means of production, consists of all of the physical and abstract resources, aside from labor, that are used to produce goods and services are important for GDP growth.

Debt. That “missing” growth is money going to service nations’ debts instead of growth. When the debt was taken out economies actually produced more because the money the debt raised was infused into the economy. Now that interest payments are being paid on that debt, economies are stagnating because their economic output is now service on the debt from the past. And it’s even worse when those debt payments leave the country.

it is really about inflation or monetary policy, and learning rate or capitalization rate. if inflation occurs the money is debased, if the markets dont learn at the same rate, then wages dont keep up with inflation.

In an era of Soft Bank's Vision Fund with a $100 Billion corpus being just one of numerous private investment funds looking to finance new businesses, is a discussion on allocation of resources to businesses complete if you limit it only to banks?

The UK GDP per capita after fact checked seems very wrong, now it’s 45k USD per cap

This is definetly not limit. Im more concerned that more and more resources and production assets being concentrated in several hands. Mega corporations who destroys competition. Fussion reaction, space colonies, quantum computers, genetic immortality or artificial intelligence just some of the things how we can grow economies.

@witoldschwenke9492

10 ай бұрын

We could also rapidly grow our economies by getting rid of all the leeches (the wrong immigrants, criminals, criminal politicians which is most of them, lots of unecessarry government jobs, ballooning welfare programs, etc. ) By improving education. By improving the investing environment and accumulation of productive capital, by fixing birthrates, by working on creating a healthy culture etc.

Interesting. But as said for the initial growth projections... You can't take any financial prediction seriously that goes beyond 15 years. You can only replace prediction with guessing, ;-) Especially now, with AGI on the horizon. Like, ok, we can't bring new groups to the labor market, or reinvent new things. :-D Yes, just only space expansion and AI that is 10xing the output of any major science field, and will be able to decouple vastly higher productivity from human labor in most cases. That is my guess for the next 15 years, and currently, most big institutions agree.

In the freight transport sector, Europe needs to massively invest in long distance rail freight, and keep the trucks for the last mile. It is way more cost effective, reliable and better for the environment. Take the US or Switzerland as example.

@tomizatko3138

Жыл бұрын

Long distance rail freight is NOT US strong side, they are literally using their cars and trucks for everything. But i do agre with investing even morein dsitance rail freight infrastructure and in train in general and better managment of them for better time tables.

@Nfanfou

Жыл бұрын

@@tomizatko3138 Rail market share in freight transportin the US is 40%. Better than Switzerland with 37%.

@witoldschwenke9492

10 ай бұрын

​@@Nfanfouits not as simple. Europe has good shipping routed, the US does not. I'd love to see it researched and I'm sure there's room for improvement but the scenario of geographic circumstances is wildly different in the EU.

That analysis was too superficial for any relevant results. The main reasons are the growht in the 2000s followed by the 2010s slump and mainly demographics. The explanation with intellectual property is not relevant. If you look at the countries with the highest amount of patents per capita, most are European. The top is actually Japan - and they really had stagnation. Also differences in what you are legally allowed to patent play a role. Also you can see that Europe had high growth in the 2000s and low growth the decade after. The US was the other way round. If you compare 60s and 70s or 80s and 90s, you will see similar results. If you really look into long-term data you see that per capita growth in all developed economies is basically identical. (Piketty et al, have proved that quite conclusively). Also the western European countries have roughly the same productivity levels and productivity growth as the US (e.g. France and Germany). The post-2008 crisis growth trend was lower in southern Europe but high in Eastern Europe. The lack of productivity growth is mainly a UK problem. Overall GDP (not per capita) will diverge though as Europeans are older than most (except Japan and South Korea) and birth rates are low, but I don't see the reason for that being necessarily the case in terms of per capita GDP. And again per capita GDP does not equal per capita household income (especially if you consider the age of Europeans and the many pensioners) or per capita housheold wealth.

Production, production, production.

Basically efficient government means a inefficient economy. It’s not just europe. As Chinas govt gets more efficient it’s getting worse at tech too

Look at Labour productivity not TFP (cause the other 2 factors land and capital are subject to bubbles). The Gov gives money to Co's and Co's buy their own shares and Gov bonds, is not helpful to growth, is it ? :-)

what about population and age?

Companies expect employees to 'innovate' while cutting back on everything that induces an inspiring and creative environment. Then there's a good amount of exceptionally smart and creative people who are never given the opportunity to thrive due to poverty, (social) anxiety, and many more reasons...

I come from Switzerland. Luckily things are different there.

@Chris-pq3wp

Жыл бұрын

It's actually competitive with low taxes, the rest of europe is not attractive for investment

@Purple_flower09

Жыл бұрын

Yes things are different. But not in a good way.

I thought Europe was a garden and the rest of the world was a jungle according to Josep “The Jungle” Borel ??

@seneca983

Жыл бұрын

Europe is still well above the world average in terms of prosperity but that might eventually change if improvements aren't made.

I think we need more ads😂😂

Its pretty funny that the ending of this is how there might not be any more one offs that can increase output when as I am watching this video the AI revolution is just beginning and is already making its impact felt. Countries that embrace AI will likely see a continued increase in real GDP per capita. The developed countries that don't will probably stagnate at best.

This is a good summery, economic growth at the highest level is all about productivity, population and participation. Population benefits the country, but does not benefit the individual, so let’s put that to one side. Participation benefits the household, which in theory benefits the individual, but as households are getting smaller this may be a drag on that benefit, so it only has a minimal impact. Productivity benefits the individual, but does rely on the individual gaining skills which society values or on increased working hours. This may have a minimal impact, but it’s minimal. Productivity improvements based on technology is all we have and it has not been giving us any clear benefit right now. Part of this reason is the disruption of new technologies, thus governments try and defend their citizens against them which has a long term negative impact. The other is we are not investing in the companies which offer us the greatest benefit. I am uncertain what the answer is, perhaps if we focus on GDP per person we can positively impact the economic prosperity of an individual, but apart from that I feel this video is spot on.

I moved my business from EU to abroad. It's like going from most difficult level to most easy to run business. I even have despise of EU after because I wasted so much time there.

Since that video was made it looks like we're going to have far too many workers, as AI makes people redundant in so many fields. Forget a career in Art and Graphic design for sure; MidJourney and Stable Diffusion have made that almost obsolete already.

Adding to the _doomed to failure_ segment; I think the rest of the world is catching up with Europe, and the world is continuing to become more globalized. Ireland as an example owes much of its GDP to attracting foreign investment; London benefits from its international reputation as a place where financial institutions can do business.

You intentionally manipulated the video by using graphics from England as an example for all of Europe and failing to include regional differences such as those in Northern Europe, Germany, Holland (ASML), Poland, and Norway. This is typical of those who are pushing a political agenda against European regulations. In fact, the problems of Europe stem precisely from its success. Europe has achieved a level of economic and social prosperity that has made it an attractive destination for people from all over the world. However, this success has also brought about certain challenges and complexities that need to be addressed. One of the main challenges facing Europe today is how to balance economic growth with social and environmental sustainability. There are those who argue that Europe's regulations are hindering economic growth and innovation, and that they need to be relaxed or eliminated in order to allow businesses to thrive. Others, however, believe that regulations are necessary to protect the environment, ensure social justice, and promote the long-term health of the economy. Regardless of where one stands on this issue, it is important to recognize that Europe's success has not come without costs, and that finding solutions to the challenges it faces will require careful consideration and cooperation. Rather than dismissing the importance of regulations or attacking those who advocate for them, we should engage in constructive dialogue and work together to build a more sustainable and prosperous Europe for all.

there s also the hypermassive bureaucraty, with a huge chonk of the workforce working in administrative-office-jobs that produce no value , but thoose workers still need a wage to live, so, it force the governments to spend tremendeous amount of money in wages and infrastructures of things that only does regulation (and not that good on top of it with how many exploitable loopholes there is) wich then in turn force the gtov to keep massive tax to keep funding this bureaucraty. if governments used automation to simplify bureaucraty (and also had a less convoluted system) it would allow to make government cheaper to operate and so save on cash, therefore allowing to either have more public budget remaining for public infrastructures , or to reduce taxes (wich in both cases would be beneficial). you can't expect your country to grow prosperous if your average individual s job is to fill in paper applications. value has to be actually created at some point, energy, services and consummable goods don't just pop out in the wild.

@witoldschwenke9492

10 ай бұрын

I think 99% of politicians don't understand your last paragraph. They do think it just pops out in the wild

you should have given Wallonia as an example a region that is located dead in the middle of the blue banana that is doing worse than many regions in the poorest countries in europe and in fact held up purely trough subsidies

@pablodelnorte9746

7 ай бұрын

The French speaking rust belt of Belgium.

A cliffhanger?? 😧

It was bad a year ago, imagine how much worse it will be after the result of the French elections in July 2024. Whichever wins, right or left, it will herald a period of political and economic uncertainty which will have profound effects on France and the EU. It will be an interesting time.

I feel that you have missed the one major reason for the European and the UK downturn. In Europe the size of Government institutions have increased dramatically thus requiring larger proportions of each country's national product to keep things runing, also as the number of bureaucrats increase so does waste of resources due to poor Government controlee of things. In short to many and increasing bean counters taking from the money pot and members of Government with the "I am all right Jack" enjoying this status quo.

In theoory there is still a possibility to make small nuclear powerplants eveywhere and thus grow a little more

Why is economie growth slowing a problem?

The Plow gave us Food. The Tractors gave us more. Space Farms will give us even more. We can 'make' many more dumb workers that just need a software update to learn something new. If we want more growth we should expand outwards (space) and inwards (AI Robots)

we actually can create new things but not in corporations in system that blocks free thinking and decentralisation

14:45 AI is going to go some long way...

Quite well said. High social security and high taxes cuts the worker motivation further. To grow professionally there is no structures to grow is western europe where the main focus is on equality and removing hierarchies. On the other hand earning more is punished with more taxes. Unions and high social security makes it very hard to let go an employee. Even if you are fired state pays you. I’ve seen many people leaving work and surviving on social security.

@sleepyjoe7843

Ай бұрын

basically punishing motivated people.

Don't worry it's all about a plan to reduce labor union benefits and increase privatization and profit for them

We’re at the dawn of AI. Very likely it will boost productivity, but it might disrupt work and jobs as we know them. Who knows that Europe is better “trained” than USA and other countries to deal with these challenges: probably it won’t be enough and people who will lose their jobs might need to fight, but Europe might be able to protect their citizens better than the USA.

@jamesgravil9162

Жыл бұрын

What good is increased productivity when few people can afford to buy what you're producing, when everyone is being replaced with robots? You can't have a healthy consumer economy without *consumers* who have money to spend!

We have had some very big wars with huge destruction...that promoted innovation in technology and a big open need for rebuilding a relatively low-tech sector. Reduced population growth means less demand. Globalization means a shift of production localities and less need for such facilities. The need to employ people and a wealthy environment has led to much longer educations.....some not really beneficial....and a lot of friction in society to deal with regulations. Some sectors are very high tech but many are not. Actually, it looks very much like how a biological system evolves. Ecosystems have many similarities to the economy. You have pioneer ecosystems with fast growth but inefficient use of resources few species and large populations and mature highly specialized systems with very efficient use of nutrients and many specialized species but small populations. Also, there is a succession from fast-growing to relatively stable (small and very gradual changes) with time a system will adapt to the environment and the level of perturbation. All systems are in a process of change....I believe the economy is the same. Exponential growth in eternity is not possible unless we have temporary destruction. and reorientation of society. Our ability is dependent on the amount of energy and materials available and how efficiently we can use those resources. WE will always have periods of diminishing returns.

I mean just take a look at the euro zone gdp per capita graph. Its basically just exchange rate fluctuation and you guys argue based on that. Besides, most european countries are running a balanced budget compared to the us. Real problem in the world is just that people dont value technology and innovation anymore. Technological progress is stalling dramatically and the same goes for most advanced economies.

Is opening immigration like Canada and Australia help pay for the aging population?

@aol8166

Жыл бұрын

Depends who you open it to. If you open it to Latin American migrants, then yes it helps. Look how Brazilians integrate very well in Portugal and domt live on welfare and handouts. If you do like Germany and let people in because they claim to be refugees (despite crossing multiple safe countries to get there) and do no background and qualifications check, , then no. That's just a bad investment overall and a demographic shift that will break the country in the future. Remember the airport crises Germany was having last year? They had millions of fighting age young men coming into Germany since 2015 onwards. 7 years and they had to look abroad in places like Turkey to fill basic simple airport jobs that clearly their new people they've been paying welfare for long, didn't want to fill those jobs. That's just an example out of many. Controlled migration based on qualification and background checks is how you do it. You also should priotize immigration from countries with similar culture and mentality to speed up integration. Who's gonna integrate much much faster in Germany, a Brazilian or an Afghan? You can lie only yo your self with your answer.

@Tonyx.yt.

Жыл бұрын

certanly not with 3rd word african and middle eastern savages... at least the bulk of US immigration has been from latin America and for Canada from Asia, both part of the world with much more civilized and adaptable peoples compared to waves of savages flowing to western Europe...

Much of what you say also applied to the UK during the 1950s. You might also want to deal with the impact of an aging population. That's the demographic factor mentioned by other posters.

They are not marketing like they used to. You can get your money somewhere else.

I think ,the most Economy declined in European Countries is European countries governments having a different economic policy in both short and long term plans,also European countries are contains rich countries and poor countries,so the economic recovery of poor countries are declined rich countries,this is my opinion of declination occurs in European countries Economy.

Integration of AI in everyday There's a need for a clear cut newer definition from banking, hotel, dinning services to the IT one.

Which part is the main cause, I want to know.....success for "Visual.......".......Pekalongan, Central Java, Indonesia is present

Production is outsourced.

Agree with the top commenters. It's demographic. I think we should keep an eye on the economies with funded pension plans, and see if they're helping to offset these major demographic issues

Maybe AI could be new steam machine?

14:35 There are many opportunities for new ideas. People would massively develop Electric Vehicles (bikes, cars, trucks, buses, trains, ships even aeroplanes), develop more effective electricity generators from renewable resources. Furthermore, enable smartphones to access internet via satelites. For examples, all-electric aircraft built by Rolls-Royce has broken two world speed records. In November 2021, The Spirit of Innovation hit an average of 555.9 km/h (345.4 mph) over 3 km, and 532.1km/h (330 mph) over 15 km. Both attempts, which took place at an experimental testing site, have now been verified as records by the World Air Sports Federation. Rolls-Royce described it as a "fantastic achievement". Amprius Technologies, Inc. (“Amprius” or the “Company”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, is once again raising the bar with the verification of its lithium-ion cell delivering unprecedented energy density of 500 Wh/kg, 1300 Wh/L, resulting in unparalleled run time. At approximately half the weight and volume of state-of-the-art, commercially available lithium-ion cells, the all-new battery cell delivers potential industry-disrupting performance with barrier breaking discharge times. Amprius’ next-generation cells are well positioned to power products in the fast-growing aviation and, eventually, electric vehicles markets, estimated to be collectively over $100 billion in battery demand by 2025.

What is the effect of the Nordstream attack on European supply and economic output?

@huckleberryfinn6578

Жыл бұрын

No effect. NS was dead anyway

You do realize less employment translates into a decrease in wages

Lack of trust in business. Vast borrowing by governments. Banks starting to collapse . If America can not meet its borrowed debt payment in three weeks a whole other set of banks will collapse. Many European banks are heavily invested in the US. So many are nervous. So until the us proves it can meet its payments then investment will be slow.

you forgot to add china's contribution to stagnation in competing countries. European companies were thriving in china.

i live in germany. and i know germany since my childhood. the wonderful years of the 90s are over. i think that europe´s decline is step by step over decade by decade. people are really not satisfied, egoistic and aggressive. i think the state has really lost moralic values and corona really made relations even worth. people are only friends because of their ego´s interests but in fact most are enemies to each other. it is really a toxic environment everywhere. greed, hate, ... all these corrupted so many people

One should measure economic growth in terms of income per capita, not per whole population. Furthermore, since persons tend to live longer and spend longer unemployed in retirement, a good tendency could be detrimental to raw figures. Finally, with a high income already, further growth becomes much harder or to useless. An increase of 1% by an income of 100'000 $ is bigger than one of 5% by 2000 $. Nonetheless, the latter is praised and extrapolated forever.

London trying to add just one runway and its taking decades is s good example.

@harukrentz435

Жыл бұрын

Typical western countries really. Theyd prefer to hire endless numbers of consultants than doing the actual work. No accountability at all!

Is very simple, more wellfare propgrams, more stagnation.

Countries with high value currency seem to be stuggling a lot in this climate of financial sanction and hyper-inflation.

@henkvandervossen6616

Жыл бұрын

Higher retirement ages are a result of longer life expectancy. In the netherlands retirnement age increases by 8 months for every year longer life expectancy

my guess before watching the video: demographics, energy prices and real estate eating up peoples money so less consumption

The cause of the downfall is politics. Too much socialism is destroying productivity. We are leaning on old companies that have been growing but since 2008 many have sold their stocks to Chinese and other foreign investors. So they own a lot of what we have as well.

👍🏻

AI might open up some possibilities.

Here in Germany, things are going quite well. I think there are countries that are suffering and struggling, but they could perhaps do with taking a page out of our book. We have our issues, sure, but overall our industries and institutions are quite strong.

@danstevens64

Жыл бұрын

Well, as they say in Germany, "allahu akbar".

@aol8166

Жыл бұрын

"Industries and institutions are quite strong" lol! Have you been living in a cave for the last year or something? Your industries are moving abroad due to high energy costs. Your government had to print 300 billion euros to subsides high energy costs so the country doesn't collapse. And you did that without consulting other EU nations since you share a currency. Of course, if Italy did that, all hell would break loose. Your institutions are a massive joke filled with unnecessary bureaucracy. I don't know what they mean by German efficiency. If you had any, it died in the wars. You have no freedom of press or speech, you censor political opponents, you prioritize the needs of outsiders before your own people, criminal justice system is pathetic and far from just, and Germany has no independence over its own local and foreign affairs. The US clearly blew up a gas pipe line you paid for, and yet you Germans seriously pretend that you don't know who did it despite an old fart in the US who can't keep his mouth shut literally admiting it. It's a running meme now around the world that Germany is America's lab dog. When the Americans show up, you keep your mouth shut and do as you're told. I mean, they're literally moving your industry there and you have the audacity to say your industry is fine. I don't see a future in Germany. Germany is trying to be like America and attract foreigners from all over the world. However, there a limit to how much can you attract before you stop being Germany. And low ethnic birth rates doesn't help with that either. Just look at the percentage of ethnic Germans under 20 and you can predict Germany's future. Kinda like Lebanon from 1975 to 1990.

@jasonmugridge

Жыл бұрын

Not sure things are looking to great for the German Car industry

@huckleberryfinn6578

Жыл бұрын

And the traditional car industry as a whole. Combustion engine car manufacturers in Japan/Europe/US are also in big troubles.

@danstevens64

Жыл бұрын

@@huckleberryfinn6578 i disagree. ICE automobiles are here to stay. Electric vehicles are not going to be game changing in their current configuration.

Taxes, insane housing prices, zero chances for families to form or think about having kids, rising living costs, inflation, hyper regulations, energy bills, insane EU politicians completely disconnected from us, and hubris. Need more reasons?

@vipeton.8927

Жыл бұрын

Well said, therefore I'm planning to leave Europe.