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TexasTowelie

(116,554 posts)
Sat Oct 19, 2024, 05:41 AM Oct 19

The EU Could Die (If It Fails To Reform) - Good Times Bad Times (The 20s Report)



Okay, this is a long video so prepare accordingly. The video discusses the deficiencies within the EU economic system that has lead to lower rates of growth compared to China and the United States. The lack of coordination between countries has resulted in increased regulation which has stifled innovation and lead to capital flight and a brain drain.

The video provides perspective beginning with the pre-Industrial period, followed by the rise of the British Empire, the ascendancy of the United States to economic prominence, the rise of China in the last 50 years. The video also discusses the Draghi report on "The future of European competitiveness" that lays out a new economic strategy to overcome trade barriers.
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