Interesting video

I think all European countries are going to need a higher fertility rate of let's say 2 children or 3 children per woman, more affordable housing, more high-income* economies in the Balkans/''Eastern'' Europe, more Mutual aid projects between European countries that benefits everyone (ideally), a further expansion of the EU to include Moldova, Ukraine, Albania, North Macedonia, Serbia plus Bosnia and Herzegovina and Montenegro, land value tax revenue to spend on public services/a citizen's dividend and more military spending like spending 2% or 3% of European countries' GDP on European militaries to catchup with the US potentially in the future.

the US is not homogenous that already disproves your video lazy European

dude why you taking france as snowflake,are you feeling alright? imagine you losing everything due to made up tax payments,you should inform yourself ,before insulting,and have a reason to insult as well

​@@angelcabeza6464 irrelevant

dont f with france ,you might get a burning dumpster thrown into the bank of france and black- rock corporation owned by the rotschilds

France is unique in many ways. They have big tech, utility and luxury companies which give a majority of tax to the government.

@Crista Ferrari-Girault Europe is in decay tho lol

I remember an anecdote about a meeting between the Prime Minister of France and the Prime Minister of Italy. At the end of their discussions, the Prime Minister of Italy whispered in the ear of his French counterpart " You know our wine is better than yours! ". To which the French prime minister looked at him for a time, and replied, "Maybe that's true, but our wine is more expensive!" And from that you see again that France is simultaneously both a southern and a northern country.

@Crista Ferrari-Girault What's your problem? Some repressed hate against France? Like many that follow that trend for... Reasons.

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.

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You get taxed to death as a worker in the EU

taxed but not gunned to death

​@@alr6111 no

for now, but you won't in 50 years, and your kids won't

@@cannedfeeling0338 I’d rather run the risk of getting shot then have the government steal my money even more than it does in the usa

Szerintem is 🫸🫷

That's why The USA can sustain themselves, Europe on the other hand not so much.

EU really needs renewables to become energy independent and to cut ties to the authoritarian oil and gas giants of Russia and the middle east

Not to mention the US is one federal state and the EU is not

@@HShango the US also just has a better geography then Europe has. The Mississippi basin is simply overpowered

@@karlfranzemperorofmandefil5547 Er, no? Large swaths of the Western US would be bone-dry without irrigation.

You forgot the billions poured to Poland by the EU

2021 Poland gdp per capita: 18k 2021 Portugal gdp per capita: 24.5k Poland hasnt surpassed Portugal yet

@@mile_381 "2022 Poland's economy surpassed Portugals." *posts 2021 gdp per capita* Reading comprehension: D-

@@hshdudhshduduxubes1162 You forgot the billions poured to Portugal by the EU

​@@2hotflavored666 Was Portugual destroyed by WW2 and then forced into a Communist economy? Yeah... Portugal is just lazy.

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What country isn’t facing hardship post Covid? U.S economy is doing the best out of all G7 nations. It’s the only country that has brought inflation down from 8% to now 3%. You think countries in Asia, Africa are having it easy ?

@@KCKnowsBestit’s a bot bro

There isn't much incentive to work in Europe. You really don't get ahead by working there, so why work at all?

@@marcv2648 lol what? 😂

@@marcv2648 What do you know about leadership?,

@@maggiepie8810 Not sure how leadership figures into this. Government shouldn't be involved in the personal affairs of people and how they spend their time. Government's only role is to protect the nation from external threats, settle differences between citizens and uphold the basic rights of citizens. That's it. Once your government takes on the role of entitlements, your society is starting down the road of decline. There are no exceptions.

@@alessandrorocca5826 Where has Europe led the world since the inception of the welfare state? Pretty much nowhere. State funding of large industries to copy America. That's it.

GDP also includes debt....not many people realise this

I suggest life expectancy and % of people in poverty as complementary measures. US life expectancy has been falling for years. Also, who benefits from GDP growth? In the US all of the benefit goes to the top 1-10%, the rest get poorer.

​@@xtc2v what type of debt are you referring too and in what sector?

@@williamthebonquerer9181 household consumption and public spending. Both figures will naturally include debt

What we need to measure is aggregate utility.

marshall plan

@@okm58 how does the marshal plan negate the facts laid out above? Holding huge amounts of foreign debt just added to the party and gave nations cause to back the petro dollar. I'm not knocking it I'm just calling it as it is. People should be aware, world reserve currency parties only tend to last 110 years at most

​@@okm58 cooking stove. . . . You need context my man not just a single word to "make your point".

@@ricardosmythe2548 may I ask where you are getting the world reserve currencies only lasting 110 years? I haven’t heard this figure before, and am now curious.

rein, not reign. A currency is worth what it can buy. The USD is the world's strongest currency, because it is backed by the world's biggest, most diversified, most stable and most transparent economy. Give up on the myth of "printing money," a propaganda point for gold and bitcoin hustlers. Central banks are tasked with managing money supply to maintain a low but positive inflation rate: low, to encourage investment; positive, to discourage hoarding. MAGA went ape when it hit 9.1% in June, forgetting that the world is dealing with the pandemic and its aftershocks, the deepest crisis in living memory. Since then, the Fed has wrestled it down to 5% as of today, aiming for a target of 2%. "Blame Biden" is not a viable economic theory. Inflation calmed down when the US went off the gold standard: tying a major economy to a volatile commodity is madness - just ask Venezuela. The right mounts its favorite hobby-horse, "government overspending" and the supposedly crushing debt burden. The current level of the US national debt is a result of $6 trillion in deficits run up under Trump. Republican theory: throw a party on the national credit card when times are good, with no visible effect on an economy that was already doing fine, then blame the Democrats, who follow the advice of professional economists, not right-wing rabble-rousers, constantly having to clean up the mess. Biden has done a pretty good job of restoring the economy to health. The best way to think of government borrowing is that it's like taking out a mortgage: you are not in trouble if you can keep up the payments, and what your children inherit is not a crushing burden but a valuable asset. The right has been wailing "debt, debt, the sky is falling" since forever, and the sky hasn't fallen yet. largely because America gets over its infatuation with idiots and gets back to boring, sensible governance. Republican economics is all bullshit that hustlers, hucksters and the idle rich feed to gullible voters who never learn. The red states have the worst educational systems, the shortest life expectancies, the highest crime rates and the weakest economies in the US, yet they keep falling for the same bullshit over and over.

lmao you never lived in Europe to spout so much bs

⁠ • Europeans got exposed by Four Corners Facts for having nearly a billion people living in slums in the KZfaq video. The SLUMS of EUROPE: The hidden side of Europe! • Europe is a third world shit hole of a continent with its slums the U.N. determined nearly 1 billion people are living in slums. • The current population of Europe is 742,070,174 as of Saturday, October 28, 2023, based on the latest United Nations estimates. Source: worldometers • Europeans are impoverished living in slums.😂🤣😂

In shitty car centric suburbs, there are lot of things better in the us, but that aint it chief

This is exactly what pissed me off; we are taxing all businesses to death while the rest of the super powers are investing heavily in the tech sector. And then our buttocks are shaking whenever Russia flexes its muscles or the US presidents changes.

Research about the Marshall plan...

But they stagnated well past ww2

@@LaVaZ000 Which gave huge industrial benefit to USA and basically opened the European market to all American companies.

@@LaVaZ000 yes they gave money, but far from enough to rebuild the continent, (and the east was more or less plundered by the soviets) and a good chunk of the money was used to buy from the US anyway so the money came back. the Marshall plan, was not as much an giveaway, as it was an investment, and it paid back manyfold not saying that it didn't help europe it did, but it was not as simple as you implied

@@LaVaZ000 the Marshall plan’s benefits are greatly overstated by American sources. The correlation between the countries that got the most money and those that subsequently did the best is just not that strong, and even for beneficiary countries it basically represented a 0.5% bump in GDP growth over the course of three years. Most of the “rapid recovery” seen during the period was mostly just the result of investment being redirected towards productive industrial use rather than the war machine. It was important, but more for political reasons than economic ones…

Quality of life in Europe is vastly better then the US in so many ways, I think "falling behind" is a win in disguise if the alternative is destroying your planet & society for profit. The real danger here is not being able to afford it in the future if we're not effective and strategic in increasing productivity

Special entrance I see Scullieries are still a thing

Going above and beyond is good sometimes but what u don't want is it gets normalised and end up employer pitting employeea against one another and ripping off staff (which is quite prevalent in Asia) It's all about balance

@@vinniechan In Europe a work culture of employees backstabbing or ratting each other is a very, VERY big no no because of historical reasons. Many European countries lived thru dictatorships in which people snitching on each other to the authorities was commonplace, whether it was under Nazism and fascism or under communism. Especially in Germany nobody wants to be reminded of the days of the 3rd Reich or the DDR where so many people were informants for the Gestapo and Stasi. Americans were especially spoiled by never having to live under any dictatorship, let alone TWO dictatorships, which cannot be said for EU countries, many of which only getting democracy in the 1990s!

@@fungo6631 Peter Zeihan put it nicely Geography takes care of most problems for the Americans I think the arguement titled a bit one sides at times in Europe It would do well just slightly titling to the other side The mind set is too left leaning by global standards and no way it's sustainable

He's excellent 👌

The presenter’s accent was characteristically French. It did not sound mid Atlantic at all.

@@LordAus123 My observation was general, not specific, and there is no single agreement on what midlantic means. Someone whose French mixes Quebecois and Parisian elements could be so designated. The Yankee New England accent can sound like a mix of American and British English, but is not "midlantic" because it consists of five to seven related dialect native to the New England population.

Me thinking he was actually Dutch for some reason, combined with this comment confused me immensely.

@@Andre-by4su i was thinking the same. At like 5:35 he even pronounces Groningen in a very Standard Dutch (ABN) way especially the notorious G that many speakers of English have a hard time with.

Well, American soft power in social and culture aspects (like Hollywood etc) gives American accents a fairly large reach.

Also the American accent is closer to the "natural" accent that English was spoken with for atleast ~500 years preceeding the 1800s when the "Brittish" accent became a popular thing that spread across UK Institutions. Neither the UK or USA dialects are perfectly consistent with older English dialects, but the USA Pronunciations and Vocabulary tend to be older and stay more consistent than the UK which regionalise and fracture more often.

The US is the largest English-speaking country, so your average English teacher is likely to be American

For me, its easier, specially when most videos are from americans and not british, so one is more likely to watch american content

@@dale6947 I don't think so. At least in my country American/British english teachers are really rare. Almost all english teachers are locals who have studied english language in university

being successful can also be how some people want to enjoy there life

​@@northwestthrills3453there are also a lot of succesfull Europeens enjoying life. I have the idea that Americans think that Europeens overall lead a medocre life without any prosparity.

@@fbabarbe430 The important thing is people should be able to live the life they want to live and their country should be so prosperous, there shouldn't be any struggle for survival. Most relatives I have that are old, do not care about life happiness at all, they grew up hard and value hard work as a virtue. Which gives their lives meaning and importance. I know Italians that revel in their history and art, and gain meaning from learning and appreciating the arts. America is so prosperous you can live in a commune with a bunch of hippies, become a workaholic investment banker and live in a NYC apartment, become a fisherman. You can really do whatever you want, most countries in the world struggle just to have food for their kids and they have to hustle everyday just to survive, but never prosper.

Take some time on your month and a half mandatory vacation to really think about statement😂

@@BOY_NAME_ Bullshit answer

Looking at its infrastructure both fysical as digital, you'll get a totally different view.

@@BOY_NAME_ L

@@BOY_NAME_ Gladly, keep working buddy.

No, it's entirely one-sided. It has weak excuses for all underperformance. He even invokes austerity. If austerity is ever a problem, it simply means that government handouts are far too large a portion of your economy, and there is very little incentive to produce. Austerity can not exist where the population is not dependent upon the state for redistribution of resources.

Hey! I added the script with (most of) the sources in the description. So feel free to check it out! I am still very far from academic standards with my note-taking/research process. Cheers, Hugo

@@IntoEurope Thank you a lot!

​​@@IntoEurope hey Hugo, I've just spent the last month streamlining the researching - note taking - writing procces because I'm about to start my literature review for my master. I think it might be interesting for you. My goal is to be able to capture the important parts of what I read, be able to find them later and to reference them in the final work with the minimum amount of hassle. The core is using zotero and obsidian together. Zotero is a reference manager where you can read pdf's and take notes. Via a plugin this syncs to obsidian where you can write and reference. This procces has a lot less friction than the conventional academic LaTeX + a bib file method. So when you're researching, I can really recommend research rabbit for finding studies and exploring related studies in an area. I hope that that is any kind of helpful to you!

Lies again? Soundtrack HZ

Its not true at all america is facing many more problems then the eu

This video is completely b.s. Without context you can do everything with (false) statistics...

Was going to comment the same thing, keep in mind this is a EU biased video, and it (including the comments) pick and choose what they want to see (ex. Yes the US had higher pop growth but the EU has higher pop overall, which matters more) to overall downplay the situation and paint it in a better light

We in the Netherlands don't need to be competitive. ASML for instance is a Dutch company that has an absolute monopoly in building the latest 5nm computer chip making equipment. Everyone other country is years behind. We dictate the terms for doing business and Biden knows it.

@@FrankHeuvelman The problem is that we can't be sure if ASML won't get surpassed by other company. Is it hard? Yes, but not impossible. We can't rely solely on ASML and a few others to carry us

@@FrankHeuvelman Popular last words: "We don't need to be competitive". That's how companies like IBM, Kodak, Siemens, Nokia fell behind from their leading positions. ASML might be a market defining monopolist. But Philips was that, too many decades ago. Look at Philips now... Defending first place or becoming first place. For both cases, you need innovation... for the last even disruptive innovation.

Regarding the recent American policy on tech /green investment, French politicians said that if they did what the USA did they would be labelled as Communist. The free market is dead and the EU is just now waking up to it on an intentional level, get ready for the state to start playing a bigger role as it now is in America.

@@FrankHeuvelman netherlands is doing well. None of this video really applies to Netherlands-low gov debt and massive trade surplus from export of high quality goods. Even my cousin, who is Italian, moved to Netherlands for work.

Your comparison stats are correct for unemployment at face value but note that the US definition of unemployment is more restrictive than the EU's, contributing to a lower headline rate (I read it would be 1-2% higher following the EU definition). Also note that the overall EMPLOYMENT rate (% of adults in work) is higher in Europe than the US as there are more American disconnected from the labour force

@@cyphonephor1909 US unemployment rate is currently 3.8%. Which is much lower than most of Europe. Our labour market is healthier and hotter than Europe because our population is younger and growing much faster compared to Europe’s older, soon to be declining population. The US added 300,000 jobs in September and 150,000 jobs in October Don’t know what statistics you’re reading but if it helps you cope then by all means, keep coping. US economic growth and productivity growth has far outpaced Western Europe for the last 15 years. That is a fact. US GDP Per Capita of $81,000 in 2023 is 70% higher than the UK and France and 50% higher than Germany’s. And that gap is only growing The US economy grows at 2% to 3% while Western Europe’s grows at 1% to 1.5%. If that persists for another 10 years, the gap between the US and Western Europe will be the same as the gap between Western Europe and Russia.

And it’s not that Americans work too hard, it’s that Europeans that don’t work hard enough. East Asian economic giants like Japan, China, South Korea and Taiwan all work even harder than Americans. They work longer hours than us and have less vacation time or holidays. Americans have to work as hard as we do to keep up with East Asia. Europe is just lazy and will continue to decline in productivity if it continues to be lazy. In China they have a 9:9:6 policy. That means you work from 9am to 9pm, 6 days a week. That’s what we’re competing against in the US . If we don’t work hard, we will be surpassed

@@tylerclayton6081 This claim that somehow working more hours makes your workforce more productive and therefore generate greater economic growth is pure nonsense. If that were the case, everybody would make more money by just working harder.

@@tylerclayton6081 I have not fact checked what I am about to write, but I think Americans work more hours than the Japanese.

Pa ne umire, eno u 🇨🇿,🇪🇪,🇱🇹,🇵🇱,🇸🇮 ljudi počeli i da se vraćaju a mladi i ne odlaze toliko kao pre 20-30 godina

@@mile_381 Postoje podaci, popis stanovništva, broj rođenih, broj umrlih. Jednostavna matematika.

Also the fact that laws make it much harder to grow and expand businesses in Europe and also European governments are less willing to bail out bankrupt companies than the US

It's all due to over regulated economics with too many restrictions to the business, plus natural European laziness

​@@MegaRitmosover regulated is not really the problem. There's no good specific examples for not being able to expand in Europe due to regulations. The problem really is that if you're a company in one country, you cannot expand naturally to the entire euro zone like in America, because of language. There's also a missing a proper state R&D. The EU has no r&d goals. Menahwile the USA is spending big on military tech and space r&d which consequently becomes consumer technology. They can then use patent laws to get a slice from copies. In the tech space americans have one agglomeration zone, silicon valley. It's the perfect place because the industry is already there. You can look at your neighbors and it's highly competitive and serves a global market so it has incredible resources while also the need to innovate. The EU also has a big problem with unequal opportunity. Newer regions are middle income countries and need industries to flourish. Even a domestic version of their service works. We know that circular economies actually works. The USA has as strong consumption market, meaning if global demand were to fall off, you'd still have a strong economy, because people are earning enough to consume. I think that Europe needs to accelerate equalisation with a solidarity tax, and macrons strategy of European university. Universities set up by he EU in newer countries with top priority and competitive curriculums. This will spawn industries and draw existing ones to the site. Solidarity tax would mean richer regions pay 5% more on any capital gains, meaning money made from investing in stocks, dividends or gained as interest from a bank, above 800 a year. Tbh increase it to 10% on capital gains above 20k. And that money is purpose bound and goes directly to the newer members. Purpose bound also means though that it's tied to democratic endeavors and preferably, if multiple countries cooperate on a project they can get extra money from the 90 billion (until 2024) fund for innovation in Europe. The next fund for innovation will still largely hold the money from pre 2024, seems like they didn't use it much. I don't like the fund because people are supposed to come in with proposals and a business plan. The EU needs to use it actively too and seek out investments

@@ayoCC mostly agree, but I was talking mostly about small and midsize business, not transnational corp giants, they're able to take care of themselves obviously

@@MegaRitmos mhm true true, small to middle class income companies. from 1-50 employees. Depends on the industry though, they're not really prone to innovate, unless it's a company like Biontech making RNA research and stuff. They'll mostly make incremental improvements at best, or replicate improvements made in by other companies, and might be in danger of being outcompeted by a bigger player. Their advantages are being highly custom and communicative with the customers. They can provide tailor made solutions that a big multinational won't bother to do. The only way to innovate those industries is do it like japan did with optics and force them to pay for their own research together, they get directly taxed to pay into improvements they want themselves. They pay and come together and have to choose what their money goes to. Maybe it's some weird software, or some other solution. Not a solution for everything though and i doubt american middle class companies aren't seeing the same problems.

It's a perfect convergence of government (JPL, Livermore), academia (not just the average unis which are plenty but top-notched edu powerhouses and global R&D leaders like Stanford, Berkeley, Caltech, etc.), venture capitalists who "adventurous" and--something you neglect to mention--diverse talents (remember, more than 40% of all start-ups are foreign-born entrepreneurs including Sergey Brin, Elon Musk, . It's like a United Nations for nerds all over the world clamoring to get a piece of the digital pie. European software developers who manage to find their way to the Bay mentioned that SV is like a tech haven where they can think, innovate, "move fast and break things" like like Zuckerberg and Musk (and the late Steve Jobs) without having some European bureaucrats constantly breathing down your shoulders. Having spent my childhood in Paris and Lyon, I can tell you that the French as a culture and people--which I LOVE--would never fully embraced such diversity regardless of what their PC media and officials pontificate.

True

@@87leafar more like could i go to s vakation in 50 years?

Yea, this feels a little bit like a (probably unintentional) promotional video for US-style hypercapitalism. Referring to their companies as "better managed", because they're riding on short term benefits rather than long term sustainability, which makes them more "productive" for the moment, is certainly not how I would describe it.

Very true. The EU Served as a modell for all regions on the planet. Steady growth and cooperation aswell as a priority of quality of life is a model everyone deserves

You mean we Americans are fat and stressed. Agree with both but we have fun too and are very productive.

But it is still true that the EU fell behind in technological advancements that determine the future economy. How the EUs plan for renewable energy and sustainability has stagnated due to lack of funds and investments and short term profit driven plans being the only projects that are currently in development. This shows an EU unable to find out what its future plans are and how to apply them them to more than just a regional level. An EU that mostly just reacts to crises by applying patches in hope of it holding together with lots of uncertainty for what will be next

europe has some of the highest youth unemployment about 20%

he is Dutch...it helps haha

@@Mindforprogress Didn’t he say he was French as well? 11:20

Those are the internationally recognised abbreviations though. You'll see them on car license plates for example. You learn them eventually

CH always gets me as an American because I forget that it's 'Confederation Helvetica' or something similar, for Switzerland. I'm always like "Wait, did Czechia switch to CH or something when they changed their name?"

@@troglodytesrus yeah, you do learn them eventually. Latvia is LV, Lithuania is LT, Poland is PL, Portugal is P..quite some errors there.

LA is Louisiana buddy. Learn that. Yes, it's official.

Regarding the recent American tech/green industry policy, French politicians stated that if they copied America they would be called Communist for how left wing the policy is. If America is going that far left on investment even with private firms the EU and European nations need to agree to nationalising or greatly investing into the sector so the state has a role within it in Europe.

Spoken like a true European

Insightful

@@raquetdude Regarding the political spectrum in America, it literally infects European thinking into American mindset. Somehow if some political outrage happens in the US then all of sudden its a European problem too. We need to steer away from that nonsense. And focus on our priorities instead of looking American problems as Europe is facing it own issues. So it is true that American policies are seen way more backwards in Europe then Americans see it themselves. If Europe wants to nationalize investments in tech sectors then it has to be set in regulatory agreement and countries agreeing to it, but that will not be easy either. But it could definitely trigger a tech sector boom in Europe.

The French and German tech sectors are small and well behind that of the UK. Yes the UK is a basket case in many respects, I don't need to be reminded of that thanks in advance.

HIgh income trap- a failure to move from high tech manufacturing to new technology based economy, like the Middle income trap's failure to advance past simple manufacturing? Interesting theory, but we'd probably need more data to see it though.

@@nomobobby its mainly correlated to demographics

Too late, unfortunately. The gap will only expand

I mean the US is doing just that with the Inflation reduction and Chips act, and it's working out for them nicely.

@@matejzganec6183 Except those 2 are coming at the cost of a gigantic deficit, wich they can afford because dollar is the worlds reserve currency. Also, their lower energy prices + much more companies in the field also help

@@joaquimbarbosa896 at some point we have to make it more attractive for the companies here. EU/EEA enterprises are literally shifting their businesses overseas because of this approach and lack of incentives. We still have a lot of highly educated young people from EU and abroad that flock to us for our cheaper education. Need to oncentivise them to stay and not just educate so that the US can reap the rewards. The cheap energy and dollar as a reserve currency isn't something that is new. It's not something that can be a barrier to our industrial policy. Energy too would have been a hell of a lot cheaper had we started the transion on time and not allowed lobbyists in the 00s/10s to derail it in favor of natural gas.

@@matejzganec6183 They often receive a lot of incentives, what they complain about is how hard it is to employ and fire people, how much paper work there is, the high energy prices, stricter regulations etc. Thats literally the reason they need financial assistence to invest in the EU. And in energy a good first step would be not closing NPP's unnecessarely. We have potencial, but hose things hold us back and we often just make tings even worse

😂thats extremely rare and you have a higher chance of dying by a lightning strike

Dude, you think a shooting happens everyday? I lived all my life in the US and there has been no threat or even a shooting in my life

@@mile_381 "From 2006 through 2021, 444 people in the United States died from lightning strikes." " In 2019, the total number of gun-related deaths in the US was 33,599. In 2022, the number of deaths rose to 44,290 - a 31% increase. 647 during mass shootings"

yeh i would hate to be in the eu where there was alot of terrorist bombings and someone beheaded people in france so scary

In Ireland the Workplace place commission handles workplace cases but can pass it on to the courts

In addition, it’s easier to start a company in the US

@@jwil4286 Very easy in the UK hence why the Covid 19 British government Covid procurement happened

To be honest this video is so bad that you are changing statistics and using the most liberal definitions posible, lets try to make a coherent argument against this mess: 1) You are using per capita numbers in most of your figures except in the GDP figures, most probably to mask a higher gdp per capita that is independant of the growth in population, which comes thanks to using per capita intead of aggregate gdp. 2) GDP is a measure of total spending, not any other fancy name you want to put it, it takes private spending, goverment spending, investment spending and the net trade balance; from this we get that it is not wealth, actual or future, it is spending; the goverment spending is factor in by a 1 to 1, in the income to spending relation, this makes no sense due to the goverment spending not being subject to free market pricing which means we dont even know if the goverment spending is actually worth a 1 to 1 conversion or if it is a lower worth; we also get that future worth of the invesment is neglected, so the invesment spending means little to nothing too. 3)Productivity is of little use due to using GDP as a basis of the measure, but even ignoring the previous problems, YOUR way to use the measure is wrong at best, in bad faith at worst, you can clearly see that the EU-27 productivity is below the USA, but for some reason you take the best ones to compare the entire US, why not use the most productive states from the US vs the european ones, because the US perfoms better; apart from that, Norway is a petro-state and Switzerland is not at all similar to the Eurozone or the EU-27, not sure why put them in the same group. 4)Your numbers for productivity are not index to anything but the dollar, ignoring the purchasing power of those dollars in different countries, and even states, here is a ajusted one " chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/www.bls.gov/fls/intl_gdp_capita_gdp_hour.pdf " , on page 11 you can see how skewed your data is. 5)Productivity can be affected by the tax burden put on top of working, and earning, more, for example putting a special tax to extra hours, or increasing the taxes on income, or changing the brackets for the earned amounts; it is obvious that increasing the punishment for working makes people only work in a more productive way, but it makes it less rewarding for those that want more money and dont care about losing some productivity, leading to a fake productive appearance that hides people being discouraged from working as much as they want, because black markets for labor doesn´t seems to exist. For the rest of the video I cant even my braincells from dying when you are ignoring everything about economic history.

@@RabeltCorez (5) there hasnt been one study that proves your number 5 pi0nt whatsoever." Plus the economic growth in the USA has been fueled by financial markets and credit of which europe doesn't have similar credit conditions. How can you explain that the average workerer haven't seen their wages grow in the last 4 decades

There was a time when we were more progressive than Europe and then Ronald Reagan happened.

@@lucasgrey9794 America is far too progressive, that's why we are in decline as well.

@@marcv2648 We're not progressive at all. How can you look at our healthcare system and genocidal foreign policy and call us progressive?

The hard work of a previous generation can only get you so far not a single person alive was there for the founding of the top 10 European companies.

@@rudysmith1552 You have a lot of nerve directing blame for decline on the young generation when they have *zero* political power. The boomer generation are the ones that mucked things up irreparably.

Their noecolonialism makes it harder for the EU to engage with african nations. Besides they to have problems, like their pensions and not so good manufacturing sector. Moreover they often times disrupt the EU, like blocking the pipelines from Iberia to Germany through France

There is no such thing as soccer

@Mo_392 yes dear

it's called football

The gun is off screen ;)

China is not independent LMAO, it needs western technology so that the dirty red communist bandits have what to steal. If the tap gets turned off, China won't have what to steal...except Russian tech...that is already relabelled Chinese tech.

Now subtract Cheap Russian gas and ads the cost of costly LNG to it.. Not a hater, just pointing out the facts here, hopefully Europe turns energy independent using green tech implementations..

every technology china uses is foreign, mostly from the US, so china is very dependent especially on the US. which is why china is so scared of US sanctions.

European Space Agency pays into the international space station, has it's own independent launch capabilities, it's own satellite networks etc If you add up the military spending of the EU & UK, it's more than China spends in USD terms. But our militaries are much better. For example planes are only allowed to take off from any of China's aircraft carriers if there is an alternate landing site available. China can't yet do night landings or bad weather landings on a carrier, making them effectively useless. UK, France, Spain and Italy can all design, build and operate their own carriers and have a century of experience with them.

@@user-ji3zl4vd9b Qatar, Azerbaijan and Algeria also exist. Russia isn't the only one producing gas.

@Jeffrey Dick it’s not that easy. It easier to finance deficits when you borrow in in your own currency. Most of the developed world does that. It is even easier when you have a widely used reserve currency. The US roughly makes up 55% of holdings while the euro makes up 25%. So theoretically the US can borrow more. But that is not necessarily just an advantage. You still must balance money in and outflows and the US was barely keeping up that balance and even if you just borrow in your own country, that still means you still have to balance that eventually by either taxation, inflation or simply stealing from the capital owners. So far investors money has kept flowing in without too much dividends flowing out. So far investors bought bonds and the new investors covered the interest on existing debt. At some point the debt buildup has at least to slow down significantly.

@Jeffrey Dick borrowing is not a bad thing. But there is a borrowing too much. On your description of the functioning of the fed I disagree. That is legally correct but economically irrelevant. And it is not unique. The Swiss Central Bank is not owned by the government and you can even buy shares. The German government does not borrow either and it does not issue the bonds. It’s done through and agency. It’s economic effect is similar. I think most economist agree that the US overdid the deficit spending during Covid. Which was hard to estimate. So that’s not a blame. But you can see that growth was above potential growth, inflation spiked and the savings rate turned negative after an unusually high savings rate during covid. If you now have a prolonged downturn and higher interest that could serious eventually. Not in terms of a collapse those fears are IMO overblown but in the form of a prolonged reduction in potential growth.

you are wrong about productivity. Didn't you listen? When you work 10 hours less a week, it kills productivity in anyone's economy

​@Jeffrey Dick fed is a central bank as well as other central banks that are not controlled by their government and are independent like the judiciary but chairman employed by the government. fed name is not the central bank because americans hate that name. It's not a central bank in name, but it's exactly the same role as other central banks and how it works.

@@DavidZinselmeier productivity in economics is defined as output per unit time. Therefore it is not affected by how long you work for.

Euro cope for getting paid 20k is their precious hdi which france has the same of idaho lol face reality

"You have to choose between capitalism and socialism" no, you don't. Europe is capitalist.

It is indeed capitalist but moderatly compared to USA

@@aym9246 US employs a perverted version of capitalism. It's almost corporatism.

@@aym9246 it is just as capitalist just with more social programs

@@aym9246 US has similar living standards as the EU, similar life expectancy, similar happiness index, similar democracy index, similar consumer rights, better freedom of movements, similar workers rights. It's behind in data privacy(kinda), free healthcare and education though. So the US is similar or ahead in most respects while still maintaining higher growth and maintaining its global share of GDP to boot. The US is the middle ground between China and the EU, and is why its arguably doing better than both.

That's why I think GDP isn't everything. We shouldn't measure all growth by that

❤ Form 🇹🇷

​@@onurturhal6814 from

most of their debt is owed to americans so you cant compare those 2 😂The US is always paying off it's debt and always taking on more. That's normal.

But it doesn’t matter if the long-term prospects of Europe are completely erased

Romans were probably miserable as they conquered the Mediterranean, while other societies were happier. Also, Americans aren't exactly miserable when compared to Europeans anyway.

@@stephenjenkins7971 Debatable

@@stephenjenkins7971 I still believe the average European has a better life than the average American. The USA is a paradise for rich people, but for middle and lower class it's pretty bad compared to Europe.

Americans tend to exaggerate how bad things are in the Us

Fuck I should really watch the video before commenting. Though I wouldn't say that Britain is southern Europe levels yet, though brexit will probably bring it down to that level, the fundamentals of the british economy are (according to my knowledge) more sound than those of the southerners.

Britain isn't Italy yet, but we've got a worse demographic situation than many northern European countries let alone France, for years have had terrible productivity and GDP growth and have generally suffered from chronic underinvestment in key sectors, including the public sector, and large swathes of the country have been left behind. Brexit really was a coup de grâce, now the City's bleeding firms to New York and Paris, brain drain to greener pastures across the channel and the pond has skyrocketed and we're a smaller diplomatic and economic presence on a world stage that's again shifting towards bloc politique. I'm not saying it's the apocalypse, but definitely we're downgrading from an eminent position as one of Europe's big 3 to a position that Italy now occupies

@@venmis137 you're right tho about our economy's fundamentals being in a sounder position than Spain's or Italy's, but our metrics are trending in a pretty grim direction and Spain's (and most of Southern Europe's) are generally improving across the board

​@@barmybarmecide5390 the UK has the lowest medium age in northern Europe and arguably the least bad demographic situation in all of Europe

​@@barmybarmecide5390 Italies GDP was bigger in 2012 than in 2022. The UK Would have to be having a recession for a decade straight to reach Italy levels

A FR**SH PERSON!!!!🇩🇪

if you are skilled it is best to escape France, or any of the other high tax western EU countries. You can try eastern europe, where taxes are low and your efforts are rewarded - or move to the US.

Economically Europe is far behind the USA. The continent is reliant on legacy brands. There are very few start ups and large tech companies as Europe is not entrepreneurial and penalises success

@@Chris-pq3wp interesting. Hopefully EU and US can learn from each other on what to do and what not to do.

I wouldn't read into this analysis too much. HDI/life expectancy is lower in USA than Europe. GDP means very little.

​@@jameshenry6855 when you say Europe do you mean France or Albania? And when you say the USA do you mean Maine or Louisiana?

@@williamthebonquerer9181 You compare the average. And the comparison is between the US and the EU. Not Europe vs North America

Europe is nothing but a puppet state to the US. Don't ever get it confused

That is why the EU is advocating to standardize English among EU countries.

@jko jko most jobs where? "northern languages"??

@@thundurr In northern countries I guess.

@@thundurr I don’t think you read all the comments lol

HDI of United States is .921 HDI of EU is .891

@@oluwaseyijohnson3162 Should probably check what countries come after the US in HDI and how many of them are European.

@@finflop8276 We're talking about the EU as a whole, though. You can't pick and choose, lest we start talking about individual US States which blow apart most European nations.

@@stephenjenkins7971 Wouldn't exactly call it fair to compare the US HDI directly to the average HDI value across EU nations. Specially since countries in the EU come from so different backgrounds and starting points. You will for example note that some of the most poorly performing countries come from the Balkans, which can be mainly credited to suffering cause by the Yugoslav Wars. My point here however is to argue that European countries that have had decently long history of stability and freedom. Have been HDI wise doing rather well despite the European decline in GDP.

@@finflop8276 OP is the one that started talking about GDP and HDI between the US and EU, I'm not the one that made that first comparison.