European Reacts to Why Europe Fell Behind the United States
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- Опубликовано: 4 июл 2024
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My name is André, and as a European (Portuguese), I always strive to bring a unique perspective to the topics I tackle. All my reaction videos are crafted with a playful and entertaining twist!At least I try... 🌍
✔️ European Reacts Why Europe Fell Behind the United States
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Thoughts - I've worked with European academic teams. I know they have a lot of time off (and people complain about American academics!), but you can't keep taking time off if you want to produce. It might be great to have so much leisure time, but then you can't complain about national productivity when people don't want to work.
Second, having taught management, including organizational failure, in the US, you can fail. You or your business files bankruptcy and if you want, you start again. In many countries, you are stigmatized, it is hard to get money for a new venture, etc. So innovation is stymied because few things succeed the first time, and without the support to try again, people won't.
Third, I think Europe still has a residue of a class system. I had a friend from Scandinavia whose parents were not college educated. She was told she shouldn't either, and that she had nerve to pursue a graduate degree. She had to come to the US to do it. Of course we have a class structure, but there are also many stories of poor and working class men and women who make it good, either with a business idea, getting an education, going thru the ranks in the military, etc. - there are many ways to get out of one's original social class.
Can anybody do anything in the US? Maybe not, but I think the chances for them to at least try are much better in the US than Europe.
I see the same thing in Europe. Everyone knows what projection is these days, right? What’s the number one thing that the yet aristocracy loving Europeans accuse Americans of? We all know. It’s arrogance. Yet they’re the ones who won’t let go of the upstairs-downstairs style of ranking of human worth. Some are democracies that still have kings and queens, and the entire rigmarole of aristocracy that goes with royalty and the I’m better than you mindset. Keeping Up Appearances was a comedy, quite funny because it told the truth.
I agree with the first one the most. I've noticed that they not only have a lot of sick leave, but a ton of days off for maternity, paternity, and vacation. All the while they also work half the hours per week as US citizens do on average. I'm not sure how much they comprehend this, that working more and taking time off less, would increase the productivity. While the US could do better honestly with being generous with more vacation time, Europe could do with less. They seem to require a TON of vacation time for some reason.
I remember watching a program about France pushing for a 35 hour work week, up from 30 hours. The woman talking in this "documentary" was angry about this, and literally blamed the US for it.
And I'm watching this thinking, 'she's complaining about working 35 hours, and here I am usually working anywhere between 48 to 52 hours a week...
@@jayc1139 beacause if you give people a break to recharge they will be more productive , to just work for bills , mortgage etc to us is depressing we work so we can enjoy life go on holidays etc something to look faward to .
Well said!
Fun fact. The per capita GDP of Mississippi is higher than the UK, France, Italy, Spain. Mississippi is our poorest state
That cant be true... Right? 😅
@@european-reacts Let's google that quickly
Mississippi, GDP $105 million
Great Britain, GDP $3 000 000 million
Yeah, that's not actually true.
@@TheMyrmo I said per capita and yes it’s true
@@european-reacts Mississippi 47,000 per capita.
Arkansas 57,000
West Virginia. 53,000.
The UK. 46,000
Germany 48,000
France 40,000
@@TheMyrmogdp per capita is what I think he was comparing. In that case Mississippi is the winner.
The US is competitive. Failure to innovate can lead to business failure.
But we are also team mates. You may hear people complain about federal taxes going to specific programs but I've never heard of anyone complaining about federal taxes being distributed across all states.
Huge difference in the formation of the US vs the EU.
After the Revolutionary War, several of the states engaged in armed trade and border disputes. At the same time, Virginia and Maryland decided to negotiate Chesapeake water rights. Pennsylvania, New Jersey, and Delaware followed suit. This cooperation led to an idea where all 13 states could form a compact of mutual cooperation. That compact is the US Constitution. It was designed from the bottom up. The EU compact was designed from the top down. What works in the US probably can't work in the EU.
According to this list below:
9 of the top 10 largest companies in the world are US companies.
17 of the top 20 largest companies in the world are US companies.
The US is more business friendly for starting, growing, and maintaining businesses.
1. Apple - US
2. Microsoft - US
3. Saudi Aramco - Saudi Arabia
4. Alphabet - US
5. Amazon - US
6. Nvidia - US
7. Meta - US
8. Berkshire Hathaway - US
9. Tesla - US
10. Eli Lilly - US
11. TSMC - Taiwan
12. Broadcom - US
13. Visa - US
14. JPMorgan Chase & Co - US
15. UnitedHealth Group - US
16. Novo Nordisk - Denmark
17. Walmart - US
18. Mastercard - US
19. ExxonMobil - US
20. Johnson & Johnson - US
I worked for a European company and while we Americans worked, most of them had "bank holidays" ever other week and then they spend a few days "preparing" for their holiday. They just didn't put the output of work out we did.
Yeah, I constantly am hearing Europeans talking about "bank holidays" and there seem to be absolutely no reason for them. Just a way for them to be lazy.
Europe fell behind because small companies can't HIRE anyone because you are on the hook for LIFE as you cannot FIRE anyone. Most small companies FAIL--> Therefore in Europe, you caan't innovate without being crushed. All the European innovators RUN to the USA, or they get lucky and get MASSIVE government backing in the case of something like Airbus due to Defense industry. As for GDP/Capita --> You got it right, hours worked = competence. Socialism kills business.
We work to live not live to work , I want to enjoy my life and have time with family you never know what's round the corner , I work part time and get 28 days paid leave. Lifes not supposed to be endured its supposed to be enjoyed.
@@claregale9011 Thats fine you can have all that just dont expect to the Americans to pick up the slack.
@@kimchi2780 so it's our fault your working 40+ hours a week or having 3 jobs ...OK 🤔
No matter where a person lives, people are people. The more we learn about eachother and interact with eachother, the better for us all.
@@paulsalyer6866 true
@@european-reactsif you come to America let me treat you to a baseball game
I'm half European (dad side of the family) and half American (mom side of the family). I have lived in both continents and also have worked in both continents, including several countries in Europe. Although what the video has stated is interesting and makes sense , from my experience comes to one thing. And one thing Europe will be incapable of achieving. That is their mentality in general. For Americans, failing is not an issue, they know they can fail and still be successful in the future. If you have an idea, people encourage you to keep going forward. Is a can attitude that is non existent in Europe. Technically the opposite. Everyone shits on you. Telling you you will fail, it is a horrible idea, etc... that shuts down innovation. American companies also are willing to risk investment for ideas, Europe also doesn't do that. Therefore, the US encourages people from all over the world to do research with in their borders. If Europe wants to be competitive they will have to copy that behavior, but it won't happen it is to rooted in their ideosincracy.
A really critical point. That’s a fear-based mentality you’re describing. Understandable given all Europe has been through. But carving out a living in a new land, settling the West, etc. etc. was not exactly a fear free experience. Yet our collective mental response to fear is so, so different. We’re living now in a scary time for our democracy, but we have more of a never give up ethic than Europeans appear to have. They copy us in surface things-wear jeans, play our music-so it is puzzling why in 100 years since the end of WWI they just won’t adopt that never say die, try try again ethic.
It’s the old ironic joke “there is no French word for Entrepreneur.”
I didn't know that. That will keep them down. Do you think it's the classist system that Europe has had for so many centuries that is keeping that mind set? I grew up very poor and am a CFO now. My friends and family supported me, they didn't put me down. Whenever someone makes a mistake I never berate them, mistakes are how we learn. Just think about learning to walk as a baby. How many times do they fall before they run?
@selfcarewithstephanie3519 I am so happy for you and proud of you at the same time. You are a prime example of the possibility of growth and the ability of people to climb the social ladder, and to me, that is one of the most important advantages the US has over any other country. Although Europe has improved in the classist aspect compared to what it used to be, it is still way more apparent than in the US, and in the upper equelons, it is still rampant. It definitely effects them in class mobility. Between middle class and lower class, the issue is very blurry, and you can't barely see it anymore. In the US, knowing someone definitely helps you to land a job in Europe, with a few exceptions, it is a must. In the US, companies want to get ahead of the competition. Therefore, they want talent that will put them forefront. This competition makes salaries increase dramatically, that is why american gdp has exploted compared to Europe in the last 20 years. In the mid 90's the EU combined had a higher gdp than the US. 20 years later, american gdp is about 10 trillion higher than that of the EU combined, and that is including the new countries that have joined the EU since then, which also makes Europe look even worse. Europe is truly becoming less and less relevant in the global economy. The EU is also terrible at burocracy , so nothing ever gets done. They're always a lot of talking, but that it is all it is done. There are exceptions, of course, but for the most, it is just a tower of babel, where nobody seems to understand each other.
I do not recognize this. All of the places i have worked (i am from denmark btw), they really focus on optimization and new protocols to improve flow, and they also try different stuff to innovate. I have tried all sorts of different work. Currently i am in IT and app development.
Oh come on, Europe hasn't been able to manage it's own affairs for at least 110 years...
#ThankGodI'mNotFromtheUS
As American who has been paying attention to Europe for a long time seeing what happened to Greece and other southern EU countries, We ca take some lessons from them especially when it comes to investments, shaking up the business culture and rules and trying to keep the youth in your own country to innovate (we see that finally in post brexit EU countries like Poland and Greece but we need to see more it )
Romania,Bulgaria, Croatia, Poland, Czech Republic and Slovakia all of these countries are doing so well because they investing in themselves, taking EU money and making long term investments in banking/finance , green energy and minimum wage. So if want to do better job copying them can work for many EU
The biggest thing is that everyone in Europe needs to get Western Balkans in EU, because it has helped Slovenia, Croatia but without tackling corruption and poor rule of laws makes it hard for anything to change there (also makes it easier for ethnic or religious leaders turn into mini dictators and halting any progress by denying rights to others )
Stoping brain drain to more wealthy EU nations can also help all countries I mentioned earlier so all the youth aren't just in Belgium, Denmark, Germany, France and Netherlands & Sweden.
Maybe Europeans should stop drinking all night, then taking naps in the middle of the work day.
The US has been a destination for freedom- and opportunity-seekers who are willing to innovate and work hard for decades. It just seems like it’s in our DNA now.
And good luck to you , most of us just want to keep a roof over our heads a holiday abroad once a year our kids safe and happy that's it . But if your ambitious you can make it I. Any country if you work hard enough
From the first European colonists... we have been the risk takers and innovators. We ALL have ancestors that have made the huge journey over the large ocean to a completely new land. My earliest ancestors (Christopher Branch) settled in the Jamestown colony with his wife and infant son. That took some serious risk and bravery.
Check the freedom index, LOL. You are such a beyond brainwashed people, it's amazing. This is why most of the world laughs at you.
The thing about a "knowledge-based economy" is that the knowledge has to have some value to it. Our previous "manufacturing" and "resource extraction" economies had obvious human utility. Being able to microwave your lunch has obvious benefits to you personally.
Even in the beginning I always thought the "EU" didn't understand how difficult it is to keep states united. Be it the Euro vs Dollar or their 27 states together. We have fifty and it is a challenge every day.
Yep, although we have it a bit easier than the EU does because we're united by a shared identity based on ideals, whereas Europe has many different identities based on culture and history.
@@HistoryNerd808The differences between the South and the coastal West are almost if not as significant as the differences in European countries
@@dingus6317 Sure, there are differences, I'm not disputing that. However, the vast differences are cultural and most of our arguments are about different ways to interpret and apply the overarching ideals. The idealistic agreement has started to erode though which, in my opinion, is part of why we've gotten a lot more politically divided. We're having a harder time even agreeing on what it even means to be American.
@@HistoryNerd808 With 50 different states and all different laws.
@@edithdufoe853 The laws are mostly the same between states. You have not traveled much if you think states are as different as the countries in Europe. Differences between states is very minor.
I have several questions. 1. Who is this young man? 2. Where did he get his degree? 3. Why is he/or is he considered an expert on the subject? 4. Whose data is he using? 5. Is the data he is using/talking about all pre-Covid times? 6. Does the country he is from affect his thoughts? 7. The US is also having problems with immigration right now especially with our southern borders and this is causing difficulties here.
My opinion is that the angle you take to look at a subject like this may obscure different facts. I also think that many, many people have different views on this subject and even if they are seasoned pros, they can be off in their rational. Its really complicated, in other words.
Apparently that Portuguese EU minister wasn't the only socialist in this video. The content creator's solution to everything was a refrain of more government spending.
My wife worked on the C-suite of a multinational subsidiary of a French company - the biggest culture shock she had was how it was impossible to fires the European - especially the French - employees compared to here in the US. Even the white collar / executives had a sort of union and were almost impossible to let go. That plus being on vacation half the year (or so it seemed to her as an American) drove her up the wall.
One of the things that is misrepresented is the free healthcare in Europe. The reality is that healthcare is not free anywhere. In order to pay for the "free" healthcare system, Europeans pay very high taxes. The average % of income tax in America is 14.9%. The top wealthiest 1% pay 25%, which can be misleading as significant deductions can be made to lower the taxable income. In the US, even poor people do get healthcare if they need it and want it. I believe that part of the tremendous contributions of medical research and development in the US is partly because there is more flexibility in introducing new technologies because the system is not financially dependent on the government. I have relatives in Europe, and they hate their healthcare system and would prefer to pay for insurance rather than having that enormous tax burden. They also dislike the efficiency of the system, fewer choices, and the bureaucracy. The average income tax % in the EU is 30% - double the American average.
One of the reasons we lead the world in medical research is because companies can actually recover their investments. American prescriptions pay for that
@jeffslote9671
I spent my career in R&D for implantable cardiac devices. I taught many physicians, nurses, and ancillary healthcare professionals in the US and Europe. The company was/is located in the US, and the difference in devices and technology provided to patients was very different. We had some European physicians and hospitals working with us, but the systems were very different. The US had higher criteria for having devices approved by the FDA. There are all sorts of issues with providing and paying for healthcare everywhere, including in the US, but, as you say, our system allows for money to be invested into not only technology but in medical research.
@@karenjayne24. One of the benefits of a strong patent system is that the pharmaceutical companies can make a return on investment. Which funds more research. Especially in more niche rarer conditions
slight correction: the top tax rate for individuals is 37%, perhaps you conflated it with the corporate income tax, which is 25%?
Note for non-US readers: that's just the Federal Income Tax. Over half the States, also have their own income tax, plus many places also have a local income tax. Then there's the Social Security Tax... and I could go on. The point is, don't think the numbers quoted here are the ONLY taxes we pay on income.
People receiving "free" healthcare don't realize what they aren't receiving. After my husband's heart attack, he was started on a brand new drug that helps prevent heart failure, a huge sequelae after a HA due to the damaged area of muscle that doesn't contract. This drug is about $600/mo (came out in 2018). After his cardiologist sent his reasons for prescribing it into our insurance carrier, they have paid for it for six years now. Would this drug be handed out under govt healthcare? I doubt it, when they can just issue the old cheap standby drugs for post heart attack. Same for cancer survival rates, which are higher here due to new drugs that can slow the rate of spread of many cancers. R&D is expensive.
I am an American born and raised and I have a spouse that is a European born and raised. After having numerous conversations and debates about how people should and why America has so much labor va the EU, I have and still conclude it down to this. The people of the EU (including the British) just do not want to work like people in American.
How is work done in America? Me personally I have had 5 jobs at one time over summer break and balanced them out to have a schedule of half days and one full day a week at each with a Sunday or Saturday off. That drive and extra effort to get your resume (CV) to show how dedicated you are is different. Also in the EU applying for a job is not cut and dry easy.
Another example, I would try go to work about an hour early as many people would to beat traffic and rest/ mentally prepare for the day. That’s not much of a thing in the EU.
In the EU many jobs are salary so the worry that many of Americans have is not existing, as many have hourly jobs.
Also, there’s a lot of cheap labor. Immigrants, under the table or what have you a business will always try to save a dollar when possible. In the EU people tend to follow the rules and laws always.
While in university I learned about some terms in psychology which applied to the way the EU and America operates. And when telling that to Europeans they do not like it for some reason. But according to the definition it is true.
Maximizer: is an individual who consistently seeks the optimal outcome for any endeavor
Satisficers: decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.
In my opinion, the EU has to normalize working hard and showing it off, that will make other people to work harder also and in turn buy more stuff.
I love all people around the globe!!
Nah we like our 29 days paid leave here in the uk . Life should not be about work work work , family time is more important not material things 😊
@@claregale9011 That is what I’m referring to. We enjoy our family as well. But many of us want to do things without our family. Rent a boat for a weekend trip, buy multiple houses so eel can start a business of AirBnb, or whatever.
I understand the culture differences where family was all you had at one point in time.
I cannot think of a comparison without sounding stupid but maybe, Americans and vehicles can be compared with Europeans and spending time with family. It’s like the same with in time. In my opinion.
I’m not sure if that makes sense.
But we also have the paid days off! If a person works a salary job (government, military, corporate, office, doctor, police, jobs like that) Then you have those PTO, Paid Time Off plus the federal holidays and local holidays.
Now if a person work a hourly based job, on a factory floor, at a fast food chain low position, taxi, security guard, jobs for high schooler, college students, summer jobs then no. They are typically not intended for a person to stay at that position for a long, long time. That’s why those benefits are not available.
There are many people in the tech industry who are on salary and complete their schedule tasks for the week, get another job as part time hourly and still have lots of time to be with family.
I also understand that thought of spending your free time with family and friends in burned into you head as soon as birth as a European but, it’s no different in America. We just want things and wanting things mean you have to work more to pay for it. It’s just comparing apples to oranges.
Maybe is the value of the Euro and the USD were the same, then the America people would be less likely to spend and more likely to stay in and spend that quality time with family and friends in a house in stead of at an establishment. Like my family does, we used to go eat at expensive restaurants once a week and go to top golf or a go-kart or laser tag play to have time. Because just sitting and talking for house gets boring.
take the american approach, love ur country but hate ur government
Sorry pal, in most of the EU we actually have good governments. Check the democracy index, no reason to hate the government here in my country. It's not a flex to be in a country so low in many rankings (except economy- it's almost like, wow other countries INVEST their money in their people- but ok lol). While you're at it, also check the freedom index, hapiness index, woman safety index, safety index in general, mobility efficiency index, so on.
The Norwegian oil minister was dead on when he called Europeans lazy and leeches off of America
Yes, and NATO is a prime example. I think a lot of Europeans expect America to "save" them.
not all of them but yes
@@2012escapee1that's why they have sucky militaries. They just cry to Americans to come fight their wars... or pay for their wars. HOW MANY of our mothers have lost sons and daughters to keep Europe from being taken over by dictators???
Even my own grandfather was nearly killed (he became disabled) in WWI in France. He was a very well educated young man drafted to be cannon fodder/ gassed at Argonne Forest. All because Europe couldn't control their dictators!!!
Pericles said just because you are not interested in politics doesnt mean politics doesnt take an interest in you. Not saying to get political on your channel. But this has been around since forever.
Regulations are as much of a barrier to innovation in Europe as taxes. In the US, innovation historically soars when regulations are slashed and stagnates when regulations become smothering. The EU has a long fascination with promulgating copious and detailed regulations on pretty much every aspect of life.
@1:30 "...and people are not having kids..."
But which came first.
Are people not having kids, which is causing the per capita GPD to not grow,
Or do people not feel financially secure, so they are having fewer kids?
It's hard to be certain which is the cause, and which is the effect.
Kids are totally independent. The slowdown and then almost reversal of population started with Women's Rights and found it's zenith in the one child policy of China. Societal change that will probably not be repaired until the Hispanic cultures take over completely.
I think. IMHO, that Europe is slightly handicapped by its many languages as opposed to the United States where everyone speaks English.
This would tend to slow down learning of a subject until it was translated.
I might be wrong, but uniformity of a language seems to consolidate a common learning experience.
English is the common trade language in the western world, it's more of the attitude of Europe that holds them back.
I think it's beyond the language. America is large and has 50 states, but it's still the same country and it's easier to do business and invest between states than in Europe when it's individual countries. The size and the "United" part of United Sates gives us the advantage over Europe. The EU is trying to create that, but with mixed results.
@@Roadtrip635 That's the point I was trying to make, thank you.
Hungary and Poland are doing the only smart objectives with family. That Portugal should adopt
Smart objectives with family?
Short answer: Capitalism. The American economy is far freer than the European economy. This has slowed in the last few decades and now the Scandinavian countries are rated higher in economic freedom than the US, but the rest of Europe is still well behind the US in economic freedom.
The worst thing a government can do is set grand economic policies. That kind of centralization requires more intelligent people than available, and a lot of crystal ball readers.
Central planners always think that they are a lot wiser and smarter than they actually are. They will never be smart enough or wise enough for central planning to succeed over more decentralized strategies. Also, central planners are often/usually quite willing to sacrifice the legitimate rights and freedoms of the population in order to gain more power and control.
@@edschultheis9537 I agree. Let people fail in business and don't bail them out. I think the less the grand planners and government official step in the more growth we see. I like the idea that we see so much change and diversification of industry and business instead of stagnant industries we relied too much on in the past.
For example, cell phones. The EU decided that cell phones can't use GPS, the French military didn't want to be stuck with a US military system. So, they forced Nokia to use WCDMA, which they knew wouldn't work. Where is Nokia?
This is one of my favorite cideos from you recently. And i watch the majority of them.
Because we do not have free health care. And we get billions and billions of billions of dollars to other countries. And you don't. Therefore you have free health care. Taxpayers are tired of it. William s
AI is not something to be proud of, its scary really!
Great reaction! This video isn't that old and is very interesting to watch as an American in my early 30s
BACHELOR'S DEGREE (OR HIGHER) IN THE USA BY STATE [2024]: Adults over 25 years
Massachusetts 44.5%
Colorado 41.6%
Maryland 40.9%
New Jersey 40.7%
Connecticut 40.0%
Vermont 39.7%
Virginia 39.5%
New Hampshire 37.6%
New York 37.5%
Minnesota 36.8%
Washington 36.7%
Illinois 35.5%
Rhode Island 35.0%
California 34.7%
Utah 34.7%
Oregon 34.4%
Kansas 33.9%
Hawaii 33.6%
Montana 33.1%
Delaware 32.7%
Maine 32.5%
Nebraska 32.5%
Pennsylvania 32.3%
Georgia 32.2%
North Carolina 32.0%
Wisconsin 30.8%
North Dakota 30.7%
Texas 30.7%
Florida 30.5%
Arizona 30.3%
Alaska 30.0%
Michigan 30.0%
Missouri 29.9%
Iowa 29.3%
South Dakota 29.3%
Ohio 28.9%
Idaho 28.7%
Tennessee 28.2%
Wyoming 28.2%
New Mexico 28.1%
Indiana 27.2%
Alabama 26.2%
Oklahoma 26.1%
Nevada 25.5%
Kentucky 25.0%
Louisiana 24.9%
Arkansas 23.8%
Mississippi 22.8%
West Virginia 21.3%
one word to explain it - Socialism
You really need to watch the video "America could be a utopia" by Britmonkey. It goes into all this way more in depth.
Also think about it. Europe (which is not even a single country) feels the need to compare their entire continent or the EU, with the US (a single country). If that's the comparison then Europe has been behind for much longer. If you compare the US to any single european country, the gap is tremendous. The only reason Europeans compare the whole of Europe to the US is because thats the only way they can feel like they are competitive. Despite the reality that the EU is not unified or a single country
I mean, by many metrics it would be unfair to do a single country. There are many states that individually compete with many european countries.
Just in size and population, the US is much closer to the EU than any individual nation.
I believe the EU's massive support of global VAT taxing of foreign purchases within the EU member states,
has caused one of the largest negative global economic effects in commerce.
China not being a member of the EU, has been able to keep prices of goods at a record low, and thus the U.S.
having made it standard state taxing on each individual state level, works very well.
To give you an idea of how absurd the current VAT rate is, it's currently set at about 21.6 percent.
So as an American if I were to purchase a product from a EU member state, business, I would have to pay a 21.6% VAT
tax, on top of having to pay a state sales tax of 7.5%, for a total of 29.1%.
So if I make a purchase from China, or domestic I pay a mere 7.5%.
In addition I stand to save more for a China purchase over domestic purchase, not only because of the lower selling price,
but also the drastically reduced shipping costs, due to the shipping agreements made between the United States Postal Service, and China.
It costs me more money to ship an item from me, to me in the United States, than it does for the same item to be shipped from China
and delivered in the U.S. by the USPS.
The EU of all in one kitty VAT funding, if it continues merely bites the EU in their backsides.
This is because most have very liberal spending addictions, who have a very little grasp of knowledge in managing
economics in the long term.
As it is, the way the economics are intra connected between EU member states, the majority get to decide on where to allocate
those cash cows too, that isn't good over all, because it's indeed true the majority are more often than not mob rule, thus the 51%
always gets to decide how the 49% of revenue collected is allocated.
There needs to be an economic safety protocol that demands, making it mandatory that a portion of the 100% is allocated to help fund
the 51%, it's reasonable to allow those who support a particular spending budget use 100% of their 49% membership majority to fund
the ideologies they are most focused on.
The economic benefit of this is the very fact that it gives two competing ideologies a fair shake in experimenting, and yes even competing
at times to discover what works, and what doesn't.
With two competing, it makes discovery of what works, and what doesn't far more efficient.
It's also important to note in how the U.S. factors in pricing of goods and services, versus how much they pay out in salaries.
Usually at least thjree times the original costs, so if they pay an employee $14.00 an hour is is expected the employee give a return in earnings of
$42.00 an hour.
$14.00 for employee salary, $14.00 in taxes operations costs including unemployment, property insurance, research/development, maintenance and amortization. leaving $14.00
for upper echelon salaries and or benefit packages.
Economics is always an ongoing discovery, of challenges, testing, and adjustments.
Going in with a mindset of a single objective is disastor.
Everything made in China is c ra p!!! When the US was manufacturing... our products were very well made, built to last decades!!!
When I bought my house, It had a 60 year old gas Roper stove. It's still beautiful. The porcelain surfaces are pristine... no cheap painted metal. My 80 year old mother saw my stove and warned me to never get rid of it!!! She has had to buy a new stove AND refrigerator every 5 years because modern appliances are built to be replaced often. Also, all the fancy electronics in them breaks down fast.
Can't say I'm any kind of expert on Europe, but my impression is a good part of the economic problems in Europe is due to the adoption of the Euro and lax migration policies. Prior to that countries with economic disadvantages could devalue their currency and thus become the low price competitor in many fields. Instead, the southern European countries have been hollowed out as their youth and most productive labor forces go to where they can get paid more Euros.
On the America having the best businesses bit via survival of the fittest, yes, but with the caveat that some unsavory elements can compile which are up to other elements (social norms, rule of law) to keep in check (ex: expectation to pick up calls for work at midnight, pay rate being largely dependent on tips, etc…)
It's interesting how French political news is communicated to a person in Portugal. My understanding is that it's pretty much expected that Le Pen and conservatives take the first round. As the other parties are eliminated the voters move to Macron as they are the best and closest ideologically compared to the voters first choice. Idk, That doesn't seem like a mess, but I'm in USA
Hey Andre!
As an American, I want Europe to prosper. They are our ancestors, our cultural cousins. And they are our closest allies. America needs them to be as strong as possible.
Then they can protect themselves when they have wars instead of calling on the US. We hate fighting your wars. Europe hates us and love our money.
I agree. We want the EU to be successful. They are our closest allies. I don't pretend to know everything about the structure of funds disbursement from the EU but I think if they stick with it they will see things turn around. Any new program has growing pains. I know we are 1 country but we have 50 states, DC, and several territories where the state government overrides federal such as legalization of marijuana. It is legal in over half the states but illegal federally. State law generally rules. That being said all states pay federal taxes that are distributed to all states. I've never heard anyone complain that Mississippi shouldn't get federal tax dollars because other states bring in more federal taxes. We know to stay strong we must support all our states. This is why many people compare the US to Europe. We are about the same size, we have different self governing bodies but we are 1 country. I just think the EU needs to look at the same corporation to strengthen the entire union as that keeps everyone out. You don't need to be 1 country but focus on your union becoming stronger as a whole. We had issues in the beginning with this but we have a 200 year head start. I believe if they stick together and the richer countries help uplift the poorer ones in the end it will help everyone and make the EU much more powerful in the long run.
Give the US a few hundred years might all be very different . 😊
I agree. The EU kind of reminds me of the Articles of Confederation.
No the eu nato aren’t our friends they are anti American and our enemy. Russia is the only country in europe that likes us
I know for a fact that many Italian companies that have/had reputations for high-quality goods no longer use Italian labor. Chinese workers come in and make the high end leather goods, etc.
I've read about Macron. England has a new labor prime minister. I'll defer your opinion😊
I think.becoming The EU is the major fault.
while europe fell behind the US in GDP/ capita we achieved growth while providing a higher standart of living and in most countries a higher mmedian income consideriing cost of goods/services
GDP/per capita is a nicee statistic but it doesn't consider what is done with the money
You moving, bye! Dont come back when US is not what u expected.
America grows because of how much we spend on investing in research and development. A lot of that spending comes from the government. So yes we tax less but we also spend more. The US military basically invented the internet, gps, etc. You have to spend money to make money.
I'm not feeling up to searching through all the comments, but did anyone else notice that that chart was from 1995? 👩🏾🏫🕵🏾♀️🤷🏾♀️🤦🏾♀️🇺🇦
UP RR is working for an 11/4 work. Work 11 days and get 4 off.? Talked to a Kansas City guy, he said they have had this since last sept. He said it started out great? Then UP kept
cutting the board of available workers, until the guys were working every day, every 10 -12 hours? Fuck all that? I'm so glad I got out when I did? I retired on July 4th.
Independence Day, for me and so many others. Gone from home every 24-48 hours or more, home for 10-12 hours and gone again? I'm so glad I retired.
You would have to be an idiot to hire on with any RR company these days? No Holidays, no weekends, no Nephews football, No nothing? FUCK THEM ALL?
Used to be the best job in the world? They royally fucked it up.
Finally...A European who can tell the truth about Europe.
Yeah it's quite telling how you can't find many Europeans that do not like it, it's almost like, that's exactly what almost every ranking shows. Like the hapiness index, democracy index, healthcare. It's almost like wow- no european would trade their place in those rankings in for a B-tier country like the US or China.
I have no horse in the race, but the England, UK however they define themselves, got out of that shittshow.
For motivated individuals and business owners in Europe, USA may be a better environment to grow or start business. Typically USA tax structure is more favorable than Europe.
hey brother, Europe can and will make a comeback. dont worry brother!!!! love from kentucky usa
Europe must kick out all the freeloading “asylum seekers” and only allow in those with good intentions to assimilate and pay into the tax base
The demographics say no.
@@joseph1150 i mean idk im sure they will make a comeback eventually
@@chrisvibz4753 Their demographics are going to be all screwed up. The only people having babies are immigrants with non native religions that aren't integrating. Atheists don't reproduce and Christianity is on it's way out in Europe.
They can if they change their mindset@@chrisvibz4753
Get rid of the E.U. and competition among he nations of Europe would be great!
I am American. If I work for you I'll do my best but that's not my goal. Most companies encourage it. It's cut throut but not really. Most everyone wants to help the next person.
I worked for a European company in my state and let’s just say they had to shut down due to under performance vs local companies in that state and then lost the contract with a much bigger company. I’m gonna be honest most ppl that worked their were extremely lazy all the Americans worked 5-6 days a week the Europeans working there worked 4 days a week they made less money than us and they were super lazy I can’t lie
I hate to say it, but this guy is wrong. In the 90s, I was already living my best life as a husband and father, supporting my family as a defense-industry tech with a clearance. I don’t remember anybody at all from that time considering Europe to be an economic threat to us.😂
My opinion, only my opnion, having worked in Europe isn't that Euros are lazy, or that there aren't smart peope. Neither is true. It's the overbearing regulation and especially the high taxation that causes the problem. It's basic motivation theory. In Europe there are so many ways you can cross some random, multi-layered regulatory scheme and even if you get past that and succeed, the taxation punishes you for doing so and becoming successful. There are also a lot more large firms like Airbus that are quasi-governmental so don't really benefit shareholders or private citizens that much. There is a lot more to it, I've published papers and articles on the subject but that's the basic jist. You're just not going to get people moving when there is really no reward for doing so.
Many American's work 2 jobs and work long days. Working a 12-13 hour day is not uncommon.
Sounds like hell
Europe’s problem. To Liberal and too many Open Borders. (We have the same problems in the USA) But the States defuse the problem. Mainly because of Federalism and State Laws. Blue vs Red divide is real. Even if our Government goes far Left like it is now. The people tend to move inside the States to avoid the over reach of Big Government Mandates. Not only people move, But whole Industries move from what State to the next
You are so thoughtful and intelligent. May I ask what your career field is or is that too intrusive?
Various problems with Europe starting with their socialist tendencies. Therefore, they think becoming individually wealthy through your own effort is a bad thing. Most important, the birth rate. The younger population is needed to support the older population and not just financially. Having children and grandchildren is vital. Elon Musk, who I don't consider a know-it-all guru, has spoken of the importance of keeping and increasing population.
Also remember China's long policy of one child per family kicked them in the rear big time. They see their mistake now and are ordering their people to multiply under official party orders.
The entire world is a mess right now, especially USA, Europe, Australia and Canada.
As long as we don't follow France and name an ice cream after Bidden..sorry..everytime I hear Macron my head rewrites it as Macaroon. You say Macron. I rather go over Macaroon lol
Also consider, quite a few Americans no longer want to fund NATO. We're sick of playing "world police" and having our soldiers die for other countries.
You take for granted that playing world police and being the global hegemon allows you the lifestyle that you have.
We need NATO to keep despots like Putin in check, for our own safety in the long run.
Please learn a little bit about the benefits the post WWII world order has brought America. Our worldwide power projection is hardly charity and other countries are hardly twisting our arm. Our institutions, alliances, trade deals, and Navy secure international trade, which makes up roughly 1/4 of our economy. It's admittedly an oversimplification, but we send about $700 billion on the military to secure $6 trillion in trade.
By the way, the one and only time Article 5 has been invoked was to aid the US after 9/11.
@joemc1960 Maybe its time for Europe to defend itself. I'm pretty sure there are quite a few Europeans just sitting around waiting for America to save them. And, I'm betting Europe wouldn't lift a finger to help America if we were under attack.
I don't think it is a matter of the US continuing to fund and be a member of NATO. I think it is more that we (the US) believe that the other member nations have to do their share of the heavy lifting and certainly fund NATO with at least 2% of their GDP (as agreed when they became members of NATO). I have no problem with the US telling countries that they MUST pay at least 2% of their GDP to NATO defense or else they should not count on US support if they are suddenly invaded by a non-NATO country. They need to put up or shut up. As for supporting Ukraine, European countries should be providing a considerably larger portion of the funding (and the US less). That war is right in their back yard. It is much more of a European problem than a US problem. Perhaps Europeans should give up some of their "free" health care to fund that war.
It's not rocket science. The United States itself wasn't destroyed in WWI or WWII. That gave us huge advantages over European countries that not only lost major numbers in population but also infrastructure. We made money in providing tons of various supplies and didn't have to rebuild infrastructure. That gave us many advantages.
Just NO: Europe fell behind because small companies can't HIRE anyone because you are on the hook for LIFE as you cannot FIRE anyone. Most small companies FAIL--> Therefore in Europe, you can't innovate without being crushed. All the European innovators RUN to the USA, or they get lucky and get MASSIVE government backing in the case of something like Airbus due to Defense industry. Socialism kills business. WWII eliminated old businesses allowing new in. For instance Steel industry. USA steel died because it was NOT destroyed in WWII. Japan/Europe did and took giant quantities of business away. USA did innovate, but still had Giant left over companies which crashed in the 1990's due to old infrastructure which existed before WWII and finally collapsed.
World war isn't the reason Europe has lagged since 1995.
Dude pay attention to the topic. The USA and the EU had similar size economies in the early 2000’s
@@nicoles9077 Dude, pay attention, economy size does not equal strength. GDP/Capita = strength and then is strength squared when in a large economy.
@@w8stral explain it to us then
Chin up - things will work out.
If you are willing to give up your personal rights to give you a little edge, then Europe is for you. I'll play the long game. Peace, Love!!
If they fix their immigration system and rebuild their security sectors then maybe
Sorry sir France is doing what? How will i sleep at night!!
Well, in America, the more you work and make. The more you get taxed. Just saying
I really enjoy these types of videos, though many might be put off by the subject of economics, and "dry" statistics. It's fascinating to me to see the story told through European eyes, and not USA-based journalists/creators. I think I may steal the phrase "cutthroat capitalism." It explains perfectly our situation. WORK. WORK. WORK. Get that fancy Traeger pellet grill. Send your kids to private school. Why do it yourself when you can hire landscaping services, a housecleaning service, pool service, etc.?
The main takeaway to my mind is that the answer is immigration, like it or not. UK moved left, while Germany and France are moving right, and at the same time, making "the border" a top issue, in effect copying our far-right party.
There have to be people "doing the work" in order for those of us, like myself, to receive Social Security and Medicare. But, I work full-time in order to maintain the lifestyle I want. It may sound crazy to some Europeans, but I intend to keep this job as long as the company will have me. As much as I moan and groan about my work at times, there's something to be said about getting out of bed and getting stuff done, stuff that makes a difference to the company and our clients.
Legal immigration is beneficial, illegal immigration is destructive!
This thought of needing to stop supporting other less innovated countries has been growing here in America also. We lose an opportunity to not only grow our country but to repair our infrastructure and population problems. Our country is aging and the bridges, roads, affordable shelter, education, health care and general support for things like this is eroding. If we could pull back even half what we put out to other country's yearly we could swiftly move forward on these issues even with the governments tendency to line their pockets$$. Our only peaceful way to advance is to wean other country's off the US teat. (higher taxes is not a peaceful way. It weakens the population, and they will erupt)
What effect does retirement age and pensions have? In US anyone born in 1960 and later is working until age 67 for full social security, with earliest retirement at age 62 but with a reduced monthly payment. Pensions outside of govt careers such as police, fire, education are increasingly rare. We also dont get as much vacation time per year. Roughly 2 to 3 weeks per year.
I retired after 67 because I wanted that full Social Security. I also contributed the max to the Government’s retirement Stock market funds for the last 30 years as I climbed the higher rungs of the Civil Service Ladder. I never felt hard done by working to 67 so don’t cry me a river for a couple more of what will likely be your longer Golden Years.
@@wandapease-gi8yo I wasn't complaining, I was explaining. Working past 67 is fine if you want to, but people need to understand there is a break even period of 9 years if you work until 70. So you will be 79 before you recoup back all the SS money you would have been paid between 67 and 70 in the form of the extra pay you get at 70. It's all a gamble based on your health and family history.
This guy is a youtuber not an economist
I watched this video about 5 years ago. Perhaps you can see the date yourself.
And that war that continues to grow, has affected all of the world.
POVERTY RATES IN THE USA BY STATE [2023]
Louisiana 19.6%
Mississippi 19.4%
New Mexico 18.4%
West Virginia 16.8%
Kentucky 16.5%
Arkansas 16.3%
Alabama 16.1%
Oklahoma 15.6%
South Carolina 14.6%
Texas 14.2%
Nevada 14.1%
Georgia 14.0%
New York 13.9%
Tennessee 13.6%
North Carolina 13.4%
Ohio 13.4%
Florida 13.1%
Michigan 13.1%
Arizona 12.8%
Missouri 12.7%
California 12.3%
South Dakota 12.3%
Indiana 12.2%
Oregon 12.2%
Illinois 12.1%
Pennsylvania 12.1%
Montana 11.9%
Kansas 11.7%
Delaware 11.6%
Maine 11.5%
Rhode Island 11.4%
Wyoming 11.4%
Hawaii 11.2%
Iowa 11.1%
North Dakota 11.1%
Idaho 11.0%
Nebraska 10.8%
Wisconsin 10.8%
Alaska 10.5%
Massachusetts 10.4%
Maryland 10.3%
Vermont 10.3%
New Jersey 10.2%
Virginia 10.2%
Connecticut 10.1%
Washington 9.9%
Colorado 9.7%
Minnesota 9.3%
Utah 8.6%
New Hampshire 7.2%
But when you divide by capita it makes great content. Who knew exploiting people was good for the bottom line?
Snowflake category, i love it.
Siesta is a joke in America
Even America is a joke in America. And the rest of the world, offc.
"Certain countries may feel they are paying for the poorest countries . . . ." Believe me, we have the same in the US. The most dynamic and successful states do resent having the dollars they send to Washington passed on to the poorest states like Mississippi, especially if those recipient states are constantly criticizing the sociology of the donors.
You're wrong about that. CA is supposed to be one of the richest states, yet they are 40 billion dollars in the hole this year again. And it's been in the hole for decades now. So you can get off your high horse .
In reality it is the rural real Americans working hard to provide food and funds for the uppity ivory towered city based socialites
@@dingus6317 Here are the facts from an uppity ivory-towered California donor:
Seven states are donor states:
New Jersey (-$10,334,000,000)
Massachusetts (-$9,919,000,000)
California (-$6,653,000,000)
Connecticut ($5,754,000,000)
Minnesota (-$1,896,000,000)
Colorado ($1,374,000,000)
Utah (-$416,000,000)
The ten states with the largest positive balance of payments (the biggest takers) are:
Virginia ($111,785,000,000)
Kentucky ($63,229,000,000)
Florida ($50,999,000,000)
Maryland ($49,942,000,000)
Ohio ($42,004,000,000)
Pennsylvania ($41,516,000,000)
North Carolina ($35,437,000,000)
Alabama ($33,033,000,000)
Arizona ($30,907,000,000)
South Carolina ($28,209,000,000)
@@arielview6601 This comment is a (intentionally?) confusing mishmash of half facts. California's budget depends intensely on its income tax because Proposition 13 has tightly limited what can be raised from property taxes which other states depend on. Income varies more than the value of property, so California's budget is a roller coaster depending on the economy. Last year and this year, there is a revenue deficit but California has a large "rainy day fund" accumulated from surpluses in years before the last couple (it is simply false to say California has been "in the hole for decades now"--are you telling this untruth out of ignorance or malice?). Even after using some of the "rainy day funds" to make up for current revenue deficits, California has a projected balance of $11.1 billion in the "rainhy day fund". The state cannot run an operating budget deficit under its constitution.
For the most recent year for which full data is available--2022--California's state debt (borrowing for capital projects like building roads and dams) is 14.86% of its GDP (as compared to the US national debt at 123% of the national GDP). This is easily manageable.
Concerning "wealth", there are many ways to define that but using median household income, California was #5 at $89,907 in 2021 (behind DC, Massachusetts, Maryland, New Jersey and New Hampshire). By mean household net worth, California was #2 (behind Connecticut) at $787,755.
Having spent a few weeks in France, including two weeks in the rural southern part of the country, one thing I immediately noticed and really really appreciated was that the French are much more concerned with spending time with each other than they are making their bosses rich. There are major drawbacks to the American system - THREE PEOPLE have as much wealth as the entire bottom 50% of America, for example.
But, how many people have jobs because of those 3 people??? I'm not just talking directly employees in their companies... but even lawncare, pool care, EVERYONE that has a job because of them!? How many people do middle or lower income people employ???
Being number 2 is not so bad. I love Europe.
The EU is absolutely a necessity for Europe to keep up with the US and China. However, unless the EU fundamentally changes course by giving member states more autonomy then it will fail as more nations withdraw like the UK did.
The EU is already ossifying, strangling technology changes to meet European demands. No AI in the EU. Cell phone standards are ancient compared to the US. Time and time again, Europe chooses protectionism over innovation.
Europe is also where we got a lot of that business culture from. We got the pieces and formed a new thing entirely. We HAD to succeed since it would have taken much longer to recover since Europe had already established ways to recover and safety nets than we did so I think the mindset shifted a lot as well. More innovation and focus on cost efficiency due to needing to do so.
How ironic that your stumbling at trying not to be offensive in respect of the French election was interrupted on my computer by a commercial for mumbling Joe Biden who is certainly in no better shape than Macron. You can say it, Andre: The French right wing (some might say center-right) appears likely to win the parliamentary elections leading to a split government with one party in control of the legislature, another the Presidency (like often happens in the US). We survive it and so will France, and I don't think it has that much to do with economic success unless you believe that governmental "industrial policy" is a key factor as many on the left both in Europe and the US do.
Wow, serious topic. (Just to make a funny remark...the young man in the video looks a little like Harry Potter.) I'm sure he's a wonderful person and I'm just poking. He's definitely smart and educated. But, on this subject, I'm afraid to comment. I don't have the higher education. I definitely read, and wonder about these issues.
Looser government regulations is the key to a strong economy. It’s visibly evident every time power in America goes back and forth between republican and democratic control.
Andre. Gonna send u a video from Northern California Redwoods. Just my neighborhood. I think u'll enjoy it. I'll send it via your email k? Just for u. U can share if u like. No worries. Be well. ❤❤
Can't watch anymore, too many pauses in the video.
European industry was ossified by a class system that exists even today. Lacking a place to invest their money, Europeans sent their money to the United States where people were free to innovate and create new industry. European retirement funds built America.
Stop interrupting all the time.
Hi handsome ❤️ how are your beautiful family doing
FYI: "Investing" to a politician means more taxes on you. Every time.
🛶🤪
I suspect one major reason for European failure to innovate is a relative lack of start-up capital. I can think of a few cities in Europe where there is a fair amount of innovation but none of them have the groups that exist just to fund business start-ups like you find in Silicon Valley and elsewhere.
Europe is the center western civilization. It developed civilization not once, but multiple times over thousands of years while fighting off barbarians, attacks from north Africa, and the middle east, and the bubonic plague. It established Christianity as the moral foundation of the west. The U.S got the benefit of a huge head start. It got to use the ideals of the Enlightenment and the scientific revolution. It had weapons of the west that allowed it to conquer a continent with minimal resistance. It avoided the destruction of two consecutive world wars. What I experienced as an American living in Europe for 6 years was one of attitude among the young. There was an arrogance and dismissive attitude towards a country and a people that they really don't understand well. The main advantage the U.S has economically is cultural. The U.S celebrates the success of others, isn't afraid of failure, and loves more than anything a good comeback story where someone who fails at first but keeps trying until they succeed. My own experience was that the culture in Europe is jealous of the accomplishments of others and discourages people from being themselves which holds people back.
But at least there's "free healthcare" ! lol
US politics are a huge mess right now aa well so Europe has a good chance to catch up economically
When you go to America from Scandinavia it feels like going 30 years back in time. The reason is the mechanics running work life in Scandinavia. The wealth is distributed and you don’t get to exploit workers. Harald Eia has made a couple of you tube videos on this difference between USA and Scandinavia. But of course, dividing the profit of the mega corporations on the population of a state makes for great RUclips content. Who knew exploiting people was good for the bottom line?
I dont think comparing Europe (a continent) with the Us (a country) is equal.
Try comparing 1 country in Europe with the US!!!
About 20 nations, most of which European, rank higher in most rankings. In many like the Demcracy index even 30 nations. So yeah, dumb video this is. Most of the EU is factually doing better, in caring for their citizens and making their lifes better.
I am a dual citizen of the USA and the UK. I also have a degree in political science. Here are some of my thoughts. In wanting to reduce the harm to the planet that overpopulation can cause, most countries around the world began to reduce their populations starting in the late 1960s. This has meant that now we have a large number of old people that must be cared for financially and physically by a smaller number of younger adults. Maybe robots will be able to do some of that in the future, but for now, immigration is the best way to solve that problem. Immigration is how the USA has maintained its advantage over many other nations---a growing workforce, new ideas, etc. Also, European countries made some social choices that the USA did not. Working less hours and having more holiday time for family and quality of life did mean less productivity (in many cases). Also, investing in things like national health care, education, public transportation and social housing instead of military might and tax breaks for the wealthy (to supposedly to be used to create more jobs through innovation) were choices based upon the social values of the governments of those nations. More free time vs. more money, more support for the poor and general welfare of the nation vs. military might and and support for business---these are choices that one has to balance and then vote for those who will do the things necessary to get those results. The USA never had a very strong political left due to the influence of wealthy corporations who instilled fear through "red scares" and union-busting policies. In Europe, the more moderate Socialist/Labor parties pushed for national health care, more housing for the poor and displaced, etc. They also spent more money on public transportation because it was more efficient and Europe was not designed for massive auto use in the way that the more expansive areas of the USA were able to offer. The racial divisions in the USA also didn't exist in Europe to the same extend (WWII aside), thus being poor was not associated with being a racial minority in the way it was in the USA, so the population was more supportive of government programs to improve the lives of all of its citizens. The recent rise of the far right in Europe is definitely due to the increase in immigration from non-European nations and fear of demographic change and job security. And, don't count out Russian interference in support of the destabilization brought about by these extremist parties. Brexit, racial and political destabilization in Europe and the USA and threats to the future of NATO all play into Putin's plans of a greater Russian role in the world.
It’s going to be hard to get people to accept being replaced by Pakistanis