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There has been a lot of press on how Europe is facing deindustrialization, where manufacturing employment is in terminal decline and the continent can no longer compete due to high energy prices, economic competition, and other factors. In today’s video we try to work out if Europe is doomed and should pivot towards tourism – becoming the worlds museum.
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Hat off for the power point skills
"Energy market is complicated" — well this is exactly the problem the market economy solves. If you have method A,B and C of doing something, each with their own pros and cons, how do you decide which one is the most efficient? Well you pick the cheapest one. But the politicians of the West have broken this mechanism with extensive subsidies, taxes and regulation.
Here in the USA we already de-industrialized 50 years earlier due to the Petro Dollar and metrication. Now that the Petro Dollar ended and we're seeing some political movement, would the tide turn? I can tell you this though, once manufacturing know-how is lost, it is VERY hard to gain back. China now has all the manufacturing technology and if they ever cut us off , the west will be a third world country.
Anybody who buys the climate change narrative is an idiot… You cannot develop an economy without carbon…. Good luck manufacturing cars without using carbon… Feel sorry for you Europe… Good intentions have ruined you…
Great a pile of pills for fat people 😂
Europeans are slow and lazy 😂
3:48 By weaponising the natural gas?!?!?!?! Weren't you the one who blew up the nord stream??!!?!? HAHAHAHAHHAHAHAHAHAHHA BRILLIANT!!!!!!!!!!
Great news
Decades of socialism have consequences
A balance trade ultimately means equal distribution of wealth. It's probably not going to happen in the next century.
So let me get this straight. The US can sell weapons to kill kids to countries like Saudi Arabia, but Germany can't buy gas from Russia? Right.
Asia is laughing all the way to the bank. Teach your children Chinese if you want them to have a future.
F… 🇪🇺. 😂😂😂😂😂😂😂😂😂😂😂
We've moved smelly industries to the far east.
Good, now that Europe have de industrialized, you no longer have a labor shortage, and you can send back all the unskilled illegal migrants.
Your VW redesign was lit dough.
Yep, the video is 100% correct about the German reluctance to incur "debt". Some of that might be due to "debt" and "guilt" being the same word in German ("Schuld"), which might lead to a subtle bias in the sense that Germans might generally feel more "guilty" about debt, and therefore try to avoid it even in situations where there shouldn't be anything to feel guilty about.
We elect activist intellectuals to lead us back to dark ages so dark ages we get.
Doesnt take a genius to figure out that over regulation combined with shuting down reliable energy sources will cause decline which by the way wont be solved overnight. We prospered for far too long and the reality check is coming in hard, we simply didnt know how good we had it, history always repeats itself.
This is being done on purpose to “save the climate”.
Volkswagen closing is actually good in the Opinion of the left in germany because then we Produce less CO2
The European economy isn't just happenstance. It's by design 😊
Germany let over 300 communal pump storage water power plants simply rot into disrepair. with them in working condition, they could power their grid using renewables alone. This is not an impossible problem, it is collective econo-political dysfunction driven by the intense lobbying of RWE and friends.
Laughing at EU & Europeans from NYC. Do you think my country is a fool to spend $200+ billion for Ukraine war? We made 1.5x that from selling Natural Gas to EU alone. Now Trump will put 25%~100% tariff on luxury German cars. No one will buy any German or European brand auto in US soon. Make friends with Russia, apologize to Papa Putin and be humble. And for gods sake, stop importing Africans. Paris has more Afro ninjas than Africa itself.
Oh Brother the amount of denial is incredible. Germany is done. Since the USA blowing up of the Nord Stream pipe line and the EU now having to buy Russian Gas through middle men as expensive dirty liquified Natural Gas, the EU and especially Germany will not be competitive on the world stage. Europe is done as a world economic power. It will become tourist destination where people go to from Asia and Russia where they look at the nations of the EU as a museum piece.
The United States bombing of the Nord Stream pipeline killed Europe’s supply of cheap energy. It was an act of war against European Nations. Justice will eventually pass and it’s going to be ugly.
You're 100% right about the id bus lol
More complicated than Will Smith's marriage… That is hilarious
US gas & oil money speaking
🎉The EU is a vasel of the US and run by moronic sickofantic politicians Baugh and paid for
India’s economic model is consumption based and not export driven like China. Hence India is the fastest growing major economy in nominal GDP terms. 8.2% growth in the last fiscal year.
Patrick explains why energy prices in the EU are so much higher than in the USA because of EU pricing rules. But what I cannot undestand is why energy prices in the UK are also so high given that the UK is no longer a member of the EU and hence presumably not tied to the EU pricing system. Maybe Patrick could explain ?
Oh no how could this be? Cutting ourselves from cheap Russian energies might be part of the reason, maybe 🤷
your VW Bus redesign is genius!