The World’s Unexpected TRUE Superpower
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- Опубликовано: 26 июн 2024
- Hi, I’m Andres Acevedo and today I am releasing a new documentary by The Market Exit, "The World’s Unexpected TRUE Superpower." Uncover the hidden secrets behind the rise of a new superpower-one that is rewriting the rules and leaving an indelible impact on law, economics, and fairness. As the established order faces a formidable challenger, witness how this unexpected force is reshaping the global landscape. Embark on a journey of discovery and unravel the enigma behind the true superpower that has emerged from the shadows. This video is based on Anu Bradford's fantastic book The Brussels Effect.
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In this video:
00:00 - 01:17 The World’s Unexpected TRUE Superpower
01:18 - 04:07 An Empire of Legislation
04:08 - 06:28 The EU Regulates, the World Follows
06:29 - 10:50 The Brussels Effect
10:51 - 12:46 Conclusion - Is The Brussels Effect a Blessing or a Curse?
12:47 - 14:22 Thank you for your support!
🔔 Subscribe to the channel to watch more eye opening videos! www.youtube.com/@TheMarketExi...
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Who am I?
I’m Andres Acevedo, a lawyer who make short documentaries about law, economics and fairness for my own channel, The Market Exit. You can help me make videos for The Market Exit by becoming a Patreon. Or, if you live in Sweden, you can Swish me a donation on 123-333 34 65.
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#superpower #power #europe
Thanks for watching the video: The World’s Unexpected TRUE Superpower
As both a Canadian and a European citizen, I have a bit of perspective of the regulatory framework of the USA (which, for the most part, Canada has to adopt) versus the European one. The regulatory framework in the USA seems to prioritise corporations, while the EU's seems to prioritise citizens and consumers. This is obvious in that most European countries, with some glaring exceptions (looking at you Hungary and Poland), rank higher in a myriad of freedom/democracy indices (good for citizens), as well as the quality of products (good for consumers). Food in Europe tastes better and is safer to eat, clothing is more stylish and lasts longer, buildings are built to higher standards, cars are more energy efficient, etc.
Thanks for sharing that perspective. I agree with you - and so would any european who has bought "parmesan" or bread in a north american grocery store.
@thomaspatricio Could you please elaborate on why you think Canada has to adopt the regulatory framework of the USA?
NAFTA@@akay_2
@@akay_2I would expect that would be if Canada wants to trade with the US, they need to bow down to their more powerful neighbour.
Your videos have an amazing quality and are very insightful. Thank you for making them!
Thank you very much for watching and commenting. It encourages me to keep going! :)
Commenting for the algorithm. Your videos are great and should be seen more!
I’ll hope your videos gets more attention. Phenomenal work!
Thanks! :)
Such good videos. Thanks for this high quality releases and for sharing!
Keep doing this brother, and you will definitely make it big in YT
Amazing, as always
Thanks for the nice video!
Thanks for the nice comment :)
Love your video keep up the good work very acknowledgement
Thanks :)
I just felt on your channel and i really loved it 3rd video i watch, and the quality is just insane (both video and subject treated) i really love pls keep doin it.
Wow, that's kind of you. I will keep making videos. Working on one now that hopefully will be out soon, stay tuned! :)
Makalös redigering, som alltid😱👏🏻
Tack!
I do believe that over regulation in the EU is a key reason why Europe keeps falling behind the US and China in terms of economic growth. Brussels is a bureaucratic monster, no reason to celebrate.
Thanks for your comment. Even if it's true that regulation makes EU "fall behind" the US and China, whatever that would mean, the notion of international competitiveness is misguided and makes us focus on economic growth instead of things that actually improve our quality of life.
@@TheMarketExit Brussels only employs 60k people to manage a huge market of half a billion people. There are local councils in the UK who employ much more to manage much less. I wouldn't call it bureaucratic monster, but an efficient, lean machine.
Please make a video on how the law creates wealth and inequality!
Thanks for the encouragement. Think people would click that video?
@@TheMarketExit Absolutely, from succession planning, family trusts to the 'industrial complex' of big law and service firms designed to reduce corporate tax liabilities. It's a huge problem!
You are right, and I do agree. I'm struggling though to find a good angle to make a video like that interesting/entertaining to watch. It's a complex topic to fit into 10-15 mins
@@TheMarketExit maybe make it in 4 parts? 🤗
👍
I´m sceptic. The EU as a significant regulator in economy and product-design and components? And i have heard of the american elites, that they are impressed of the EU regulation-Strategys. But that is maybe only posioned praise and signs, that there is something hidden behind all this scenario. First of all, its not very honorable to redgulate some things, when there is much more, that have to get regulated. I mean for example the uge use of pesticides in Farming or the problem of metalions in the enviorment and food also. Ther is no way, that this is good for life, besides the problem, that it seems to support the increase of harvest-amount out of same area. But thats not, what happend in reality. And if that isn´t happend, why poisoning at all, if that will make problems for consumers health? Maybe because there is a dark strategy behind the scenario: Those, who want to get away without farming-chemicals, may get their fields contaminated with varmints? So they will adapt the pesticides and whatever more there is chemical for a calculably harvest?
That would be a bad dystopia.... but the modern world maybe is such unhonorable programmed and does not forgive non-cooperation. That "freedom" sucks... when you have guarantzed formal freedom, but in the end you are forced to do, what others want over strucutral mechanisms.
the algo picked it up just now
I’m 11 months late to this one… But, taking this to heart, how can this be viewed through another book “The Code of Capital” by K. Pistor?
If we grant her take that capital (assets, monetary dynamics, fiscal) is created by law - oh… at this point in the video you pointed to her book… (smacking forehead)
Thanks, great…! And subbed… 😅
Hey, thanks for watching and for your comment! Exactly, my thinking is that Anu Bradford simply assumes, almost as per definition, that not even powerful regulators can effectively regulate capital (through eg strict capital taxation, closing tax loopholes, forceful banking regulation etc.), since the capital will then just move away. But, as you note in your comment, K. Pistor shows in her book that also capital is created and governed by law, which means that, arguably, regulating capital shouldn't be more difficult than regulating anything else (within the constraints of the other criteria of the Brussels effect). Thanks for the sub, I hope you'll keep posting smart comments! :D
@@TheMarketExit Thank _you_ for such nice words!
At this point, I don’t have too much confidence in our ability to revise our economic institutions. Looking at numbers, governments & many people across the OECD have very similar challenges - across parties and leaders over time. Corporate power is not within democratic reach.
The ecological constraints are global, and so are macroeconomic, productive and corporate structures. The realisation of these constraints seems to increase nationalism and geopolitical anarchy - when internationalism and fair exchange are sorely needed.
It’s understandable that the global south seek a different path, towards a thriving more than a nominally growing economy (capital assets).
Traditional growth takes resources, however “green” they are. If said resources only exist as privately owned assets, people - and their governments, councils - are paying the rent.
A “strong state” is equally burdensome as strong private ownership - since ownership is the foundation of power itself.
Maybe some sort of _communalism_ (not state communism!) could decouple globalism and build local agencies - in meaningful ways for most people(s)…?
👍
Thanks for a great informative video! However, I have some opinions:
1. Regulations and Laws in the EU can certainly be seen as protectionism. For example, EU farmers are protected and subsidized, allowing them to outperform competition from emerging markets like Africa.
2. You hinder innovation and companies profoundly by passing the wrong regulations. If we stop innovations because we are too afraid of the risks, then it is not only EU citizens who will not benefit from it; it is also the third world who will not benefit from, for example, cheap energy. I’m not saying companies should be able to do anything they want in pursuit of new technology, but we should be more careful with regulations so that we don’t destroy more than we try to protect.
Those are valid points
Are any of these regulations putting certain industries and small businesses out of work, thus making the economy weaker. Have you thought about jobs in remote areas and farms that are hindered by regulation? Having regulation that extends so far across different cultures may have drastic long term effects on certain communities. More anthropology studies need to be done and sociological studies to really grasp whats going on. Although, many positive regulations were passed to help the people such as chemical bans, it should be left to the local city or state as we say in the u.s to mandate and enforce a regulation, based off of the ideologies of their local communities and their circumstances; it should be voted on by the people to take in those losses of freedom because otherwise it is somewhat an overreach of power and will only grow into a larger monster over time where the little guy has no rights or chance to object. which is why my ancestors fought in the American revolution and why we have an electoral college over popular vote for presidential elections in the U.S. tread carefully…
Thanks for your comment. I don't disagree with you. One of the main principles of EU law is the Principle of Subsidiarity, which means essentially that regulations should be adopted on the most local level possible. The "problem" with local regulations, though, is that it interferes with efforts to integrate markets and movements across borders. However, we should never forget that we need to strike a relevant balance here. For example, in Sweden where I, a lot of people use something called snus (a tobacco you keep under your lip). When Sweden joined the EU, there was a lot of fears that this would be banned because of EU law, and I do believe that if there hadn't been as much resistance to this, then it probably would have been banned by EU law. Overall, EU law is a complex system to strike the balance between integration and autonomy, between joint growth and cultural plurality. It's tricky though.
We have deindustrialized, we aren't capable of competing in cutting edge technology or having any big tech companies, we are not energy independent, we have no resources to speak of, we have even fallen hopelessly behind China in EVs, battery technology and solar panels AND our population is falling which we are trying to make up for by importing immigrants en masse from completely different, incompatible cultures whom we cannot integrate... BUT... we have regulations !!!
We made mac and cheese change color! EU is world power. Lol checks out.
Gotta celebrate them small wins, right?
Don't disagree with the points being made, but I disagree with the key takeaways, or at the very least dislike the title. Certainly not a 'superpower', title should be more like 'EU still relevant on global stage and will continue to be...'.
You simply cannot apply the label 'superpower' to a group of countries that is 1) content to impose rules on the companies & innovation of the future, while the benefits of the growth accumulate elsewhere (i.e. Silicon Valley) & 2) cannot forge a unified self serving foreign policy even when there's a literal war on their Eastern doorstep
That's a fun title suggestion, I like that. Cheers! :)
number 3 is correct. Look at the car companies. I am not sure if this is really a "superpower". USA can easily dictate EU's international policies such as using NATO to go to Afghanistan and so on.
Too unrated
Thanks!
Great video! But I cannot convey how much pain, frustration and anger brings me a wrong map, where Crimea is marked as being part of Russia. I hope it was just a silly mistake, where you or your editor took some existing fancy maps and forgot to check the validity of the map. But for now it is a dislike.
Thank you for your comment, I really appreciate that you bring this up. I download most of the geodata I use in my animations from the public domain source Natural Earth Data. Here's the policy they follow for disputed territoires: www.naturalearthdata.com/about/disputed-boundaries-policy/
To be honest, I've just taken this policy as acceptable at face value. But, following your comment I will reconsider this and be more critical going forward. Thank you!