Europe, your vision of a green, integrated, and non-disruptive world is lovely. But it’s time to wake up and build the industrial and military capabilities that today’s world demands.
Once, while commenting on yet another EU regulatory blunder, I even had to defend it a bit, writing that "in Russia, the extent of European mental insanity is usually somewhat exaggerated." However, it's becoming increasingly difficult to justify the EU's latest illogical actions. Yet, these blunders didn't prevent Europe from benefiting from covert protectionism against the United States during several decades of globalization. But today, for some unknown reason, Europe is unable to bring itself to take adequate measures against China's economic pressure.
What do you think about this thread on x where they write that the EU is not worse than the US? And productivity according to PPP is almost the same for the largest EU economies?
Sharp takedown. The precautionary principle critique is the stongest part here, it's wild how regulatroy regimes get trated as competitive advantages when Draghi's own report shows the opposite. Europe betting on leading thru rules while falling behind in actual tech is peak wishfull thinking.
Once, while commenting on yet another EU regulatory blunder, I even had to defend it a bit, writing that "in Russia, the extent of European mental insanity is usually somewhat exaggerated." However, it's becoming increasingly difficult to justify the EU's latest illogical actions. Yet, these blunders didn't prevent Europe from benefiting from covert protectionism against the United States during several decades of globalization. But today, for some unknown reason, Europe is unable to bring itself to take adequate measures against China's economic pressure.
Thanks Serge. This is a hard one to understand. But the US antagonism runs very deep and long.
I think data on labor productivity growth is clear. EU was gaining until the mid 90s and had been lagging since then
https://www2.itif.org/2019-europe-digital-age.pdf
But why is America not number one in terms of productivity per hour worked, and is being overtaken by European countries in the rankings?
Before the 2000s, America was at its peak.
What do you think about this thread on x where they write that the EU is not worse than the US? And productivity according to PPP is almost the same for the largest EU economies?
https://x.com/gabriel_zucman/status/1999412355503915338
Sharp takedown. The precautionary principle critique is the stongest part here, it's wild how regulatroy regimes get trated as competitive advantages when Draghi's own report shows the opposite. Europe betting on leading thru rules while falling behind in actual tech is peak wishfull thinking.
thanks. Maybe EU can turn it around. Hope so