America is a recent, physically isolated, novel creation... fortunate in the times at which it emerged. Its broad culture is driven by powerful faith in the belief it was ordained exceptional. It has leveraged a fundamental tension between conflicting ideals & behaviors. It may yet achieve lasting maturity, but there's no assurance given the broad population is now stratified, poorly educated & poorly led.
You probably heard the joke before about the european and american talking politics. The european says:" Europe is better than USA, because if a corporation is screwing me over, I write a letter to my representative and tell him that they better fix it, or I'll take the issue straight to the EU!" and the american says:" But we have the same thing here! If a billionaire is price gouging us, I go straight to the senator and say 'sir, you better do something about this, or I'll take the issue to the EU!' "
I'm happy to live in the EU (Austria). Happy to call myself a European citizen, even though I was born in Iraq! Our European social model and way of life is the best in the world, and we live in freedom, prosperity and security that are not comparable to that of other nations.
@@koroglurustem1722go live in an Islamic country. Don’t try to change ours in Europe. We have never been Muslim countries and we never will be. Your aggressive attitude and readiness to commit to violence will be opposed. Europeans will not succumb to Islam.
@@koroglurustem1722 Decpite the many massacres which are commited this years in the name of Islam in Africa, Muslims in Irak want to implement a law which allows to marry nine year old girls. And religious muslim leaders would decide about the marriage. Islam is one of the most evil inventions that humans ever made, simlar to Stalinsm or Rascism. The majority of muslims are good humans but Islam is an evil ideology.
This brings to mind the Americans with Disabilities Act. Although it was created by the US to prevent discrimination against disabled Americans, it led to the UN's Convention on the Rights of Persons with Disabilities. Ironically, the US has refused to ratify the Convention despite being the ones to inspire it.
That’s because the UN always goes overboard on regulations when making treaties and conventions. The US has many Acts that has a mirror in the UN but wasn’t ratified here.
@@z1107eodthat's bull...there are many UN conventions that go over and under US legislation. Even in university, we were thought that the US does not want to be bound by international laws to begin with and that it perceived US laws as superior anyway. An example always given was the Rome statute and the ICC creation - a court above the US courts? Hell no; the audacity of people!
@@EskiZagra then apparently you had ignorant teachers that know nothing of our culture and belief system. If you understood our revolution, constitution, and history this would make since to you. Since day one our country was designed to answer to our own laws and nobody else’s, if you are not a US citizen you have no rights to tell us what we will do or not do, and our politicians have learned the hard way that if they try to tie us to international laws they will be out of office and all their work will be undone the next election cycle. We don’t even want to be part of the UN. It’s a useless organization that our tax dollars prop up. And we certainly don’t want to get tied into any organization like the EU. We already have enough differences and infighting between the states, we don’t need to add countries to the mix.
That reminds me of the British, arguing against EU regulations during Brexit, that they (or their representatives) have originally drafted for their own protection (of health, markets, finances, environment, etc). When they were outside of the EU, they've noticed, that they were now subject to these regulations. E.g. it wasn't possible to go rogue on the Single Market with a vampire economy.
@Al-xq4ec Please eat more propaganda. Almost all of EU's core policies provide a huge benefit to the average EU citizen, open borders, centralised currency and better development across the continent, anti corruption laws that are much, much better than what used to be common in the EU (especially the east). Especially the first two makes our market an insane amount more efficient, cutting the costs of constant currency conversion, having millions of truckers and freight trains wait at customs and allowing citizens to go abroad without filling a permit that needs to be checked by government officials, thus costing the taxpayer money. Sure there are downsides to EU, but to say everything is bad is just plainly wrong.
I would add the regulations on food safety and the limits in the quantity of hazardous or potentially hazardous chemicals in the environment. Of course these regulations add bureaucracy and complexity and are a source of irritation to companies, but they are the safest in the world. No single country is so careful about these potential dangers.
Extremely good video. To the three case histories, I would like to add a more recent one: the new iPhones (from iPhone 15 on). At last, Apple has been obliged to introduce the USB-C and send the proprietary Lightning to the grave. On the EU side, this time it was not due to health regulations, but in order to improve homogeneous standards (and saving for the customers). Apple has then marketed it as a technological improvement (if it were, why wouldn’t have they introduced it earlier?), but the only reason is the EU directive. And now, I only have to carry one cable for my iPhone, iPad and a series of other devices.
@@Lukav1 yes there is, but many new tools, like chainsaws, drills, mowing machines, screwdrivers, ... all have their own type of battery now depending on the brand.
From a German perspective, while the EU does a lot of BS it is still good to have a community of different countries who are competing constructively and at the same time containing any idiotic national extremist policies (whether it be left or right). An additional safety layer for median policy, I would call it.
I'm also Germany and I am happy about the consumer protection here in the EU, including things like standardizing charging cables, and hopefully in the future a right to repair for everything. Planned obsolescence needs to be outlawed by the EU.
As a dual citizen (US/EU), I’m interested to see where the EU will be in the next decade or so. I’ve always admired the concept of the EU & its members’ willingness to give up some powers in order to create a better/more collaborative future for all its parties. But recently there’s been some friction caused by political movements, economic aspirations, and social issues. How the member states will react to these issues will play a vital role in the future of the EU. Top video!
The UK left and gave up some of it's power and is now subservient to it's rules so I can not agree with you on that score. N|othing is enacted without the say so of all members so in the end it's like any 'treaty' where the states eventually agree on terms for the greater good. The EU needs a lot more refining but it is moving generally in the right direction - incidentally the 'take back control' fiasco of the UK was so that the very wealthy could avoid the tax laws that the EU are constantly chipping away at.... the power of spin and a three word slogan under the guise of immigration/borders, which hasn't hindered any wealthy or working class, in fact it's the opposite - once they start working, but the problem is the same as in the US - solve the issue or have political porns. It's not rocket science, the stats show immigration is beneficial 'legal' or otherwise, they need processing faster and slowed to work to help the economy. UK has been to reliant on 'services' which is over 2;/3 of it's GDP I think. What good is 'services' ? We all saw what was really important in the 'lockdown' and furlough periods during the recent pandemic. Farming, energy, clean water and housing seem to be the bases of life - not swapping currencies and hedge funds etc
From inside Italy, I agree with you. There have been frictions since the 2007/2008 crisis, but they have significantly increased with the pandemic and the war in Ukraine (oftentimes caused by misinformation and the spreading of fake news, which lead to "plagued" elections). I hope this plays as a "last roar" of nationalist sentiments, after which people will understand how cooperation is much better than competition (I mean the bad type of competition), otherwise I don't see any real future for the EU as we know it
@@federicomasetti8809 Yes I tend to agree that the EU, as we know it today, is at risk. The risk being in its "over reach" into the areas of sovereignty and government of its individual member states , imposing agenda from other players seeking global domination (eg: WEF, UN, WHO, NATO, VANGUARD, BLACKROCK..et al) When years back, it was known as ECC, the cooperation and union was understood and promoted at that time to be a strong Trade and Customs union. There was even a postcard image map, showing the different member states (MS) with a caption that read "Be European, be different". The overreach by Brussels since then, into national sovereignty has inevitably given rise to objections and it has created a space for some nationalist parties you refer to. Yes indeed to cooperation and regulations on things like food an' safety standards, product quality, equal competition, civil liberties, human rights and so on, -a great concept of cooperation to benefit consumers and citizens both inside and outside of EU. However a BIG NO to its overeach into sovereignty of member states, by mostly unelected technocrats, who are beholden to "strong lobbies" and "vested interests". (eg: Big Tech Corps, Pharma, Energy etc) That is not democracy or freedom for citizens of member states. Each MS has got its own distinctive history, culture and its own needs and circumstances. These unique aspects of peoples identity culture and their very ways of life need to be respected more by the so called leaders , or decision makers in Brussels.
I think the future of the EU will lean more towards the broader legal and regulatory frameworks. While border control and currency control may be returned under the direct authority of individual nation-states. Also, EU companies in general would likely focus on full indigenization of critical IP so have more flexibility to work on a bilateral basis with the rest of the world as opposed to now, where their strategic autonomy is limited by USA.
A lot of that will disappear with the fall or death of Putin. Most of this extreme right movements are subsidized by Russia. Putin was a KGB agent specialized in destabilizing countries. And that’s what he’s doing.
The EU market also extends beyond its official members through EFTA and similar. And here the Norwegian pension fund becomes relevant. The fund owns more than 1.5% of the global shares in over 9000 companies and they are an active shareholder who pushes the companies they are invested in not only to adopt Norwegian values, but also EU regulations.
@@sdgdasgupta8858 EFTA because I also wanted to include Switzerland in the equation as they are very relevant when it comes to European global impact. Norway is correctly also part of the EEA and as you say will only adopt EEA regulations and not the full scope of EU regulations. EEA regulations are however also EU regulations and is actually the regulations that is most relevant for corporations globally as it include everything that standardizes the goods and services within the internal market.
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.
Competing economic blocks globally give a voice to a varied granulated ethnic orchestra of opinions and life experiences. Though I detest almost everything European, I do value your right to be what you want to be.
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.
Whilst the EU operates on the basis of "prove its not harmful before it can be approved", the US operates on a "we assume everything is safe and above board unless the harm it causes is un-ignorable".
I disagree, there is plenty of amazing food in America. I’m a German American, who has lived in both countries and in France and it’s not that there isn’t good food in the US, it’s that the average American doesn’t go out to eat it either because the economies of scale make fast food sooo cheap. If you want to though, you can find Filipino, Brazilian and Mexican restaurants in Chicago that have zero competition here in Germany. Most Germans have no idea what good Mexican food tastes like. I believe there isn’t even a Filipino restaurant in the entirety of Germany. To get some Indonesian food, you have to travel to the Netherlands. All of that was very common all around Chicago. Still haven’t found sushi that activates my taste buds like the one I had in San Diego anywhere in Europe (in Japan I did haha). Argentinian steak, Indian curry or middle eastern stew. All of it definitely better in America (probably also because the local community from those countries is larger). Another aspect that America wins at is creativity. You can go into a random restaurant and have a good chance of finding a dish that you have never eaten before. In Germany, you practically know what the menu is going to look like before you enter the restaurant. They allow themselves to be innovative. Certain foods are better here, certain are definitely better in America. Just don’t go to the cheap chains in America… PS.: I went to Budapest recently and had this amazing pork filled with cheese and spicy Hungarian sausage, all battered. Couldn’t find a Hungarian restaurant here (Germany, around Munich). So, if anyone knows one, please let me know :) Thanks!!
It's awesome to see how long you've been at this channel and how top tier the content has been. Even more awesome to see that a lot of the comments are from people like me that have just discovered your channel and are gaining insight and knowledge into hard to understand topics. Thanks for having the passion to pursue this even before the views started coming in. May there be many more!
He's telling you the layer that "looks" good about regulation, but at the moment of talking about innovation and economy, he rushes out of it. The EU has stagnated since 15 years ago, unable to grow and compete, thanks to this guy's heroes at the EU and puppets at every member state, except for a few. A week ago, even Mario Draghi, a pure hypocrite cause he contributed into this situation, acknowledged the situation in his report: that the EU is basically screwed.
@@FeelMetalMan The global economy isn't gonna follow the post war trend anymore. It's slowing down for a long time now and for good reasons. In that regard, the EU is way more prepared to switch to a more resilient economy precisely because of its regulatory power. As for innovation yes there is clearly room for improvement. But doing so while keeping regulations and not fall for the "red-tape" neoliberal rhetoric is the most difficult and crucial task. Resilience and performance are most of the time opposed.
@@cocolasticot9027 wishful thinking, you have no proof to back that resilience based on regulation will allow for anything, numbers all speak by themselves, the EU doesn't grow, admitted by the system itself.
@@FeelMetalMan Well it's not that complicated, you have short term private interests on one side and long term resilience goals on the other. The only way to make those two coincide is regulation.
6 minutes in and that's exactly what I was thinking.. if you have a huge market, you can impose the quality of products you want to buy.. or you start making them yourself. This will happen in the military branch as well.. since the US is no longer an actor europe can put it's base in for military security.
Well it’s not just that the USA and China are also massive economic blocks and they don’t have the level of regulation super power that Europe has. I think that just like the dollar managed to build trust and credibility around the world as the worlds reserve currency so did the European Union managed to build trust and credibility as the worlds policy regulator
@@ricardomadleno564 it's also that as long you are already making products to satisfy EU regulation, you'll sell the same ones even in markets without those regulations anyway, unless you want to double up on your entire production line. Since most of the other markets will have lower levels of requirements, quality wise your products will be of better quality than the competition, mostly more expensive, but sometimes for the same range prices. And quality shows.
If EU will fall behind economically.. in US perspective EU is already falling behind over 50 years. and stil they rank higher in a lot of indexes. not everything les than US standard is bad en more then the US standerd in unnecessary and overrated
I think one of the points that was forgotten is that these EU regulations will find very little critique among the consumers and the politicians of other countries. There won't be someone who will feel strongly that mac'n'cheese should have dangerous food dies in it as opposed to paprika powder. As there is no opposition coming from the consumers, the company will follow suit. But if the EU bans petrol cars, those will still be produced for other countries, as there is a local incentive for them to do it. From the countries having strong petroleum lobbies, to the infrastructure making EVs impossible, especially in rural settings. In this case the EU will heavily influence the automobile market, incentivising manufacturers to develop EVs, but the international market will also make the investment in the further development of combustible engines worthwhile.
Please don't think EV's are environment friendly. They are not. We need a different type of fuel, that is environment friendly and not a new type of car that destroys the environment through its production.
@acmulhern You don't know how the raw materials for the battery are extracted from the earth? This is not news, it has been known for a long time. You should learn how raw materials are mined and what consequences such methods have for the environment and the water balance of our planet. And the planet's water system influences temperature fluctuations and weather extremes.
@@acmulhern no, they are actually much worse than many will have you believe. But obviously you don't give a shit for africa being destroyed by mining rare earths and africans working for pennies with toxins to mine them so that you can have new, shiny EV that you think is "eco-friendly". Same as you probably don't give a shit that tires from your car will end up burning somewhere in Nigeria just because you paid some recycling fee and think it's being recycled...
12:40 I have written a short paper on biofuels regulations in the EU a couple of years ago. I noticed that EU regulations blocks out African imports of cheap biofuels, because those countries find it hard to comply with complex regulation. The major reason for this was to protect EU farmers, and hence protectionism is a valid argument in my opinion, especially regarding agri products. The farm lobby in the EU is very strong, and they often use this to protect themselves from foreign competition
Looking on that from different angle, food is for eating, not for converting it to fuel. If African country wants to starve it's people just to sell calories and enrich a few people, then this regulation is a god send for Africa, not the other way around.
@@adriankalAfrican countries exporting biofuel (processed goods) to important/developed market like EU is times valuable (more money) than just relying on their own cheap consumer market since it's enriching their pops which result in them able to afford more foods and goods. With well established middle class, farmer in africa got wealthier and produced more foods as a result. Economy is an engine cycle/feedback loop. It's impossible for any poor country to developed fast if they just rely on their non-existant middle class to produce goods for. The reason why South Korea in just 50 years from zimbabwe level poor to become some of the most developed countries in the world is their heavy focused export economy.
@@KVUAA If it comes in exchange for INVESTMENTS, sure!!! If it comes in exchange for enriching the pockets of the corrupt elite, no thanks!!! South Korea = where it is because Japan invested heavily in it, both economically and through technology transfers. Something, the "lamestream" media often forget or deliberately don't mention... Nice comparison, but nope. Go visit Africa one day, you'll see it's often a horrifying result of a mix of mismanagement and Western government deliberately keeping those countries down. (Glencore in Zambia anyone, a simple yet tragic story how a country like Zambia should ERASE WESTERN COUNTRIES OFF ITS PROPERTY!)
He didn’t mention another criterion: the EU regulation has to be harsher than the competing regulations in other large markets, namely the US. If the US regulation is more stringent, the EU reg will be ignored.
This is an eye opener and now I am more satisfied to live in Europe where there is a generall health conciousness and protection as to what we can buy to put into our bodies
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.
tbh, the EU has a much better track record with passing sensible regulations compared to the USA. But the EU is also much younger, so I guess time will tell? My biggest fear is that the powers that have corrupted their way into USA politics will eventually also find a way to corrupt EU politics.
Another example is EUDR: very complicated regulatory framework which aim is to eliminate commodities originating in areas with deforestation. Industry does not like it and wants market-based schemes but market-based schemes are now aligning themselves with EUDR.
As someone who works in the medtech industry, I see daily how much regulations slows down innovation. We literally avoid straightforward, quick and logical approaches in order to not risk having to go through a regulatory process. There’s soo much extra work going into discussions, workarounds and compliance. Granted, it makes sense to have it regulated, but saying that regulation doesn’t kill innovation is simply just wrong and frustrating to someone who sees its effects on a daily basis.
As you know from your career, Thalidomide is good medicine. But things like that need study carefully and not just put to market next day they are invented.
Hmmmm, regulation can be a hurdle indeed but using that observation to dismiss it altogether seems a bit foolish. There are simply too many examples of abuse of power within the medical/pharma world to discard regulations. Remember Softenon or the horrendous price gauging on simple meds?
@@abbofun9022 dude… I literally wrote that regulations make sense in many cases. My issue is with the statement that regulation doesn’t affect innovation. It’s just not true and I’m a first-hand witness of it.
You make me realize that, still today in spite of all its flaws, the EU is more a good than a bad thing for humanity and the planet. As for a "New Delhi effect": 😂India is waaay too messy and peculiar as a country to become an international regulatory power anytime soon!
It almost makes me think in a conspiratorial manner. How come everyone arround the world, europeans included, are taught every little or big flaw of the EU and rarely ever any of its abundant upsides. The EU is and can be such a positive force for the world and i feel like apathy and self loathing is all thats stopping us. Here we almost seem to equate any sort of pride in our identity with having to be racist or exclusionary. For some reason there isnt a strong sense of pride in the moral ideals of the EU that can expand to any country and ehtnicity. If i were just a little crazier id say its the result of decades of Russian propaganda keeping us down by focusing only on our failins and demonising anyone that feels patriotic about the EU. I feel like we should change that, the wold could be so much better for it
Narrotor: "In 1492, Christopher Columbus discovered the New World. This marked the beginning of a period in history when European nations were the worlds undisputed superpower". Me: Having a heart attack, knowing the Portuguese had started the Age of Exploration 70 years prior.
@@slayer1156 Remember, the sole purpose of the Spanish expedition (lead by Columbus) across the Atlantic was to compete with the Portugueses in reaching East Asia (spices, silk, porcelaine, etc). So, yes, Portugal and its exploration of the African coast triggered the Age of Discovery. It is a pitty that Portugal and its decisive role in human history is so often overlooked. Btw, I'm not Portuguese, I'm a Spaniard.
@@cienciabitactually no! Apple was part of the group that developed USB-C but as it couldn’t dominate and monopolise it Lightning was introduced as a proprietary product.
The US could learn and benefit from a lot of things in the EU. On many areas, the US population is suffering from the lack of regulation. There are too much sugar and other bad stuff in their food, companies behaving badly and so on. The EU has done a lot to stop companies like google and Apple from abusing their dominant position.
@@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
Quality video. And thanks to you, now I have arguments against my friend who is saying that there are too many regulations in the EU, which is killing economic development according to him.
EUROPE is the BEST and will always be - this doesn´t mean the others are bad or minor - not at all. We love everyone. BUT the varieties in Europe - its patents, its abundance in culture, philosophy, science and education - is unbeatable. Thouh there are big challenges and risks of course - nowhere on earth is heaven.
Very informative Vid. yet one small detail mistake. At 1:40: Jean-Claude Juncker got an Italian Flag instead of a Luxembourgian one. Wouldnt even noticed that u had 2 italians if he wasnt such a big figure in European Politics.
Thank you, makes me think. Here in the USA, corporate media loves to display the divisive parts of the EU. It's good to be reminded that it's working, especially in those areas where the USA is failing.
The worldwide adoption of the USB-C connector for charging small devices was a great victory for The EU. Even Apple is now using USB-C for iPhones and iPads. Soon that drawer full of incompatible chargers and cables we all have will be a thing of the past.
@ All new phones worldwide already use the USB-C connector. Do you want to go back to the days of every device having a different connector? ( I know….America under Trump would NEVER DREAM of being America-centric.)
The United States maintains its status as a superpower due to its strategic locations, large population, significant military capabilities, diverse demographics, abundant natural resources, and extensive global connections. Personally, I believe that without the backing of the United States, the European Union might not be regarded as a major power in its own right.
But since 1986 the EU has the capability to tell the US what to do. I happened to be present when the US ambassador demanded from the EU commissioner actions contra airbus because the market was to small for 2 large airplanes in the market they were discussing. Willy declerck put his fingertips together in front of his chin and said the airbus is flying the Boeing is only a drawing let the free market do it's job. With this the ambassador was dismissed like a child.
Coming from the UK I have always thought the sole purpose of Brexit was for the neocons to avoid regulation; as was made obvious by their attempt to arbitrarily end every law that had been passed since we had joined in one act of parliament. Mercifully this absurd, suicidal action was stopped at the last minute. We now have a government that is not only slipping behind in levels of regulation but also is very half hearted in its commitment to enforcing what we have; leading to shit filled rivers and poor air quality. Meanwhile there is a ballooning of new security legislation, illegal under international law, so that we have lost our right to protest what the tyrants are doing. These are the problems of living on a backward island, captured by neocons/neoliberals but I think that the EU has a problem as well, not only with the rise of similar forces in Italy, Hungary, Austria, Germany etc but also in their backing of recent events in Palestine. Regulation of businesses, environmental protections etc are based in law and depend on a credible legal system. For a legal system to be credible it must be consistent; it must be governed by international treaties and uphold citizens' rights. In backing Israel's flagrant flouting of international law and simultaneously breaking their own laws on free speech, freedom to protest etc leading countries in the EU are engaged in the undermining of the legal system that, you eloquently point out, is the basis of their prosperity.
EU is the coming superpower! ❤❤❤❤ I'm German and I see the coming together of Europe. 1200 years after Charles the Great, emperor of Germany, france, italy and the Benelux countries came together in 1957. ❤❤❤❤
Thanks for your informative video. Regulations do really help the society and the environment to not get exploited. But something that should also be mentioned is, that some regulations espescially in germany make the economy struggle because it becomes less competitive to those of other countries. This will make a lot of companies die or emigrate which has an even worse side effect. The countries and their normal inhabitants will get exploided more and more. Example China: More and more products get produced their, so more companies exploit the workers there. In the end no one will pay attention to the european regulations, because the EU is not an interesting costumer anymore and only the sign, why it might be bad to regulate everything
If I'm not mistaken, weren't regulations invented in Europe. 4,000,000 (US) to 60,000 (EU) regulators reflects a lot, considering populations of 300 million and 500 million respect.ively
British Standards were as I recall the first. There’s now ASTM ( American) and ISO ( EU) . The EU impose regulations and standards, but they are often only to benefit the EU and there to protect their trade & citizens . Trade into the EU must comply. But often the ideas are good, such as omitting heavy / toxic metals from electronic components.
There is another factor. The rule has to be the most strict rule in the world. In other words, if companies apply this rule, they can export the product everywhere. So, there can be a Beijing rule or Washington rule, if these countries would apply even stricter rules. As the EU rules usually apply to health and worker rights, it isn't likely that any other big market will surpass the rules of the EU.
I get your concern but I think it is also important to use defecto maps instead of only just using maps we think are legally accurate. It’s a sad yet true reality Russia occupies nearly five territories in Ukraine
Always depends. For entrepreneurs in the digital field, it is most by a curse, even though the EU claims that they are falling behind, and want to attract more entrepreneurs and skilled people in that field - good luck. For the consumers and general standard of living / quality of life, it is often a win, comes with side effects, though. And there are circumstances, but cases are true. Like parts of the GDPR, which everyone knows from clicking away, and never reading the annoying, total useless compliance banners on every website etc... I have a hard time to understand why there seems no intention, to roll back rules that turned out to be a stupid idea. Plus, all the red tape, and institutional "harassment" + high taxes does usually hit small companies, freelancers, and startups much harder than the large cooperations they are supposed to keep in check. I don't want to call the EU (Also most of the governments on a country level) a hostile environment to startups, and digitalization - but I have to. Interestingly, this is true to many aspects regarding the future. Might sound would, but I think facts would prove, that most countries here are also hostile towards young and mid-aged parts of the population. They are good to pay for everything, but other than that, most advantages are going to where the voters are - old people. I think that is also true for legislation. With Spain as one of the most outrageous examples. - So far for the rant for today. :-D So it is really a mixed bag, and I don't think that the ability to create as many rules as possible is something to celebrate in general... It highly depends...
well, interesting to find two bots talking.. one says that regulations hit small companies harder??? like forrreal? Read about the tax breaks that small companies get and latge ones don't! the other bot couldn't think of any facts, so critiques the clothing😂😂😂😂 looser!
@@dictatoribenevolo8394 you are the 2.0 of Christ cuckery. Marx is your Jesus. You have no mind of your own so you must worship an almighty you know who. Do as you are told. Only the great dictator can save you. You are a pathetic slave.
Rathar unsupported by data. As an Indian - I use an American product almost every day, I don’t remember any European products that are core to my life. US and EU were 25% of global GDP in 1989 (when USSR broke). Today US is still 25% while EU is just 12% and shrinking.
I mean, the Dutch company ASML makes most of the world's photolithography machines, which are used to produce computer chips, so you probably use them quite a bit, though indirectly.
how are EU exports that you mention relevant to the topic of the video? all that is said is that EU influence comes from legal regulations for its imports. besides that it's good that India and other countries grew so much, it's great for humanity as a whole - keep it up! even if it leads to EU 'shrinking' in the relative terms like you mention
A simple example: do you or someone you know have a new(er) iPhone? If it has an USB-C connector, it is thanks to the EU. You or that person have access to higher transfer speeds and can have only one type of cable everywhere you go, making life easier.
About the arguments of regulation hindering innovation. I work in chemical R&D, mortars and paints and what I have seen this years is that the cuality of the products have been going for the worst with regulations. Once one raw material is not allowed anymore, you can get alternatives but most of the time they are 1. Worst, 2. More expensive, to the point that good products are discontinued and that is very difficult to improve older formulations due to being limited.
Is it worth continuing using materials that are harmful? Is it really innovation if it causes just as much damage? One could argue that the use of fossil fuels has developed humanity a lot, and that now we can explore alternatives, but it might be a bit too late.
It can go both ways, the artificial ban on certain raw materials or toxic byproducts can foster or hinder innovation. The perfect example is Germany during the world wars where the German industry lost access to a lot of raw materials but was still able to synthesize a lot of things during these times and a lot of discoveries were made that led to beneficial industry applications later.
If inovation is here for the sake of inovation, we can skip it. What is the good if we get some cancer later in life or the people making those substances don't live long? Or maybe we destroy the planet by poluting ground water and rivers, oceans. What is the point of that kind of inovation?
When eu bans oil derivatives..let me know And having done eu law in my uk law degree this is such a gloss And speaking from the caribbean...if we jhst ate what we plant and sell only national excess. Rathet than industrial farms of eu that dump food while africa was sugfering Eu is old empire keeping control But let see where sanctions war and brics & global south. Take us.. Yea to africa kicking out the europen empire of oppression.. From our history in carubbean 1492_1498 ..columbus left death and destruction in his wake as upwards of. 50 thousand native indians who luved in harmony witj natire were enslaved for capitalist greed of europens..so please take off those tinited specs Eu has endless reparations to the native indians whose developed world they annhilated witj disease and weapons.. That why White men speak with forked tongues was old native indian tribal chant😂 Yea
I might be oversimplifying geopolitics here. But god damn, EU is literally the good guys, the only flaw is that we seem to hate ourselves and have no pride in that identity. We should start being proud of our values i think
All technology and machinery to manufacture high performance chips is located in an EU integrated value chain 😉 EU industries are a powerhouse for industry demand products, just not for consumer products😅
5 islands out competing most of a continent is pathetic without your puppet master Germany there would be no talk of "dimografically challenged despite statistics rising power"@Arminius74
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
You're totally wrong here. Silicon valley is innovative only on paper. Most things including crypto, ai, tesla, are scams that people who don't know what's going on put all of their retirement funds into. Eu don't allow for such scams and money stays with people. Eu is superpower that is first choice to most migrants now. 50 years ago everyone fleed europe to us. Much changed since then and numbers show. Also it's more rare to see dollar as the most trusted currency in Europe. All you want to buy can be bought internally with one exception - cpus. But still all cpus are impossible without european companies. That probably is more of a political decision than technical. EU does high tech things, us sells it.
bro europe should be the poorest place on earth according to economics. china showed the only legitimate way to increase wealth. europe is addicted to slavery and genocide because thats the only way they ever obtained wealth in the first place. they are literally allergic to paying for labor. but their poor genetics prevent them from maturing past toddlerhood so they cant understand why paying for labor is a non negotiable aspect of actually growing any economy. to europeans the word economy has a completely different meaning. economy to them means "wealth in rich peoples bank accounts and the power to harm life on earth with impunity" .. it has nothing to do with real economic power through the creation of valuable resources and it never has or will because its firmly addicted to monarchist economics.
Interesting video. I discover the Brussel effect. As a swiss, living in the middle of the EU but no being part of, I can only confirm there is a Brussel effect. And I m almost very happy with it. I think almost all swiss are too. As you may know, Switzerland and EU have a complicated relationship. It s not the main subject but for the specific swiss case and the politicial troubles with EU, which can be seen as a Brussel effect, I don t think it s related directly to the regulatory aspect. I think it s more related to a question of "political power dilution" for the swiss people in the current political EU structure (no direct democraty like in Switerzland). And the major question of the immigration and impact on salary (Schengen).
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.
@tobias2688 You think China doesn't over regulate? Lol they're worse than the EU. But they still put satellites in the sky, they have a better economy.
Top quality videos. Please consider Highly Sensitive people when adding numerous 'light-leaky' flashes to the slide transitions so close to each other. Cheers.
When it comes to regulations I have noticed a somewhat bad trend latelly of american sumbol politics entering the european market. We banned plastic straws everywhere even though some people with handicaps need those in order to drink normally (my boss has CP and bunkered up with thousands of plastic straws due to this, almost crippling the personal economy) and the Swedish tax on plastic bags did make the inovation of degradeable wooden plasticlike materials to find a new market but they were still taxed the same meaning that the tax was not to save the environment at all, just to show the public that they do. And since the law of plastic caps on bottles came to EU i have started collecting caps in a bag and I swear that in Stockholm there are way more plastic caps being thrown in nature due to frustration than before they added this crap. Again, a sign that they really don't care about nature but whant to apear like they do. There are also some things being regulated at EU level, or talked about being regulated, that would not work in a market so vastly different in culture. There are talks of adding a EU minimum wage wich would undermine the power of the Scandinavian workers unions since the minimum wage and lack of strikes compared to other countries in the EU is due to said workers unions, among other things. So yeah, there are loads and loads of good areas, but there are also areas where the politicians in the parlament are just making a fool out of them selves.
@@Ramschat have you tried chewing on a paper straw and tried re using it for weeks after washing them to re use even more? Also to bend them in all kind of ways?
@@jaywalker1233 I mean, there are good regulations. When it comes to new things you can either let it run wild and risk it all lead to something bad in the future or regulate it a bit. Good regulation coming from EU are things like limiting social media platforms by making them responsible for the service they provide. That is not more strange than making the providers of roads responsible for the functionality of their roads by removing pot holes and such. The fact that other countries/unions don't regulate more is something I find strange even though EU is extream. I wonder if there is some place without the two extreams of to much or to litle regulation.
Great work! Your channel started to pop-up in my feed recently and I was reluctant to click on it; I was worried of finding extremist euro-skepticism or radical leftism, any of those with half-backed arguments; however, I found myself here with a balanced analysis based on a quite interesting topic. Maybe you could've maybe mentioned the somewhat culturally homogenizing effect Brussels regulations have according to some, hardcore nationalists in particular; one example could be the nutriscore and Italy's traditional foods, but I see that the focus of your video was more on the single market aspect and not so much in its local implications. PS: Thanks for the book recommendation!
Why do you say that regulation does not impede innovation? The common understanding is that due to the burdensome regulation the EU cannot compete on creating a tech industry of its own (as well as access to capital and lack of an integrated market). Did you read any paper on the topic?
@Victorceme Thing is, they're designed to be that way. The EU doesn't care about business. All they care about is controlling what their populations are exposed to. European companies are more affected because most of those countries have very high taxes, low social mobility, high crime rate, etc. Which makes it infinitely harder to even start a business in Europe compared to the US.
@@KarlEmanuel-f4l great comment, the only point where I would differ is on the social mobility aspect which I feel it is much better on the EU compared to the US
Never overlook importance of quality. It was one of the most important factor which had mde Israel exempleray to me until this ongoing genocide. Europe and UK to me has thaat ability to uphold quality ,lot of other places habe proved that too already. I dont like competition between goodness, that has to be avoided because I think that becomes self defeating, however i do not support equating quality with quantity, so I think Europe is still quite important for the world due to historical legacy and due to some basic admirable qualities european societies and people possess and I dont think there can be an alternative to that from sheer military or resource power from larger entities. However EU is not alone,lot of important centers have sprung up in post colonial period and as I had mentioned quality should always be valued over quantity or size.
The US GDP is now about 80% larger than that of the EU. Also, it is a country that still has a positive demographics (many children being born) whereas Europe unfortunately is aging rapidly.
The majority of the tech sector is US-created. EU stopped innovating, and the "let's regulate it all" attitude will make them less over time. Also, its population is aging, whereas the US is the sole superpower that has not passed its population peak.
@@Odisseia-hh2tdHave you compared population pyramids between the two? I just Googled both, and I see that the USA has the same demographic problem as the EU. Population is stable or growing in both, due exclusively to immigration.
@@MarshallTheArtist I checked. Europe is the only region with steady decline in population. Africa and North America are the only with steady increase. Asia and South America are increasing but will start to decline in the medium future. Google "Peak global population and other key findings from the 2024 UN World Population Prospects" by Our World I'm Data.
@@MarshallTheArtist yes I checked. Europe is the only region with a trend of steady decline in population. North America and Africa are the only regions with a steady increase trend. Asia and South America have a trend of increase but will peak soon and start to decline in the medium term. Source: "Peak global population and other key findings from the 2024 UN World Population Prospects" by Our World in Data.
Thank you to the EU for standardizing things like phone chargers and food standards, Love the Brussels effect and the fact that we have had no wars in Europe for 7 decades,
As a Portuguese, I’m 100% with the European Union 🇪🇺 project, although we need to Shift 180º on several areas, as defense, energy, reinforcement of our internal industry, development of technology, immigration, and common foreign affairs police. A lot of work to be done, so I feel worried about our common future.
The issue is just the EU has a criminal leadership. Also it doesn‘t really have the power to assert things e.g green deal was a joke compared to the US one well at least on Paper. The other thing is that the people that can create „Verordnungen“ are not democratically elected the same for the President of the union.
Constraints spur innovation, not inhibit it. Doesn’t mean you can’t gripe about it, but people never find a rule they can’t work around with some creativity.
Russia, just as any other country, doesnt have friends Russia also supports India, Who is the direct enemy of china Crimea right now is de facto Russia, but by international law its Ukranian
As a European myself...the level of cope among Europeans is unreal. We are not a power in any way, shape or form. The sooner we look up to the Americans, the better off we will be.
Machines that runs on different fuels unlikely will have the same kind of engine, and viceversa. If I may add a question: how do you see the theory of a “cloud capitalism/techno-feudalism” scenario leaving European Union behind in comparison with an increasing nationalist feeling amongst some of several nations , while many economies (both within and outside the European zone) are resetting (willingly or no I couldn’t say) and facing major adjustments, combined with the new agenda for “2030” ? Do you still see congruence, joint visions and shared goals amongst european unions nations, g7 capable of seeing Europe as a promoter of directives and regulations that may impact the world globally? Thanks for the video
I moved to the EU 8 years ago and the ONLY thing that is worse for me is that I make less *potential* money. Other than that, my quality of life has increased 10x! I am never moving back to the US!
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Having lived and worked on both sides of the pond, I call the USA a corporation that tolerates citizens.
A very apt summary
America is a recent, physically isolated, novel creation... fortunate in the times at which it emerged. Its broad culture is driven by powerful faith in the belief it was ordained exceptional. It has leveraged a fundamental tension between conflicting ideals & behaviors. It may yet achieve lasting maturity, but there's no assurance given the broad population is now stratified, poorly educated & poorly led.
@@grumpy9478very well put.
If i may ask What books are you reading sir?
@@grumpy9478 that accelerated quickly
It sure is a polite thing to do to tolerate them :) So close to the production facilities even ^_^
You probably heard the joke before about the european and american talking politics.
The european says:" Europe is better than USA, because if a corporation is screwing me over, I write a letter to my representative and tell him that they better fix it, or I'll take the issue straight to the EU!"
and the american says:" But we have the same thing here! If a billionaire is price gouging us, I go straight to the senator and say 'sir, you better do something about this, or I'll take the issue to the EU!' "
Old joke! Originally about Soviet and American people being able to complain directly to etcccc
@@palestinev3722 Yes, the irony ;)
Made me laugh. Never heard that before.
WE DON'T BUY THEIR SH1T
Oh no, not *>checks notes* price gouging! How horrible! Anything but something people can just work around ludicrously easily.
I'm happy to live in the EU (Austria). Happy to call myself a European citizen, even though I was born in Iraq! Our European social model and way of life is the best in the world, and we live in freedom, prosperity and security that are not comparable to that of other nations.
Islam is rising bro. Our time is coming inshallah. Do not have too much faith in the European hypocrites.
@@koroglurustem1722your time for what? Remember that if you think that we will stay and see yuo are wrong.
@@koroglurustem1722go live in an Islamic country. Don’t try to change ours in Europe. We have never been Muslim countries and we never will be. Your aggressive attitude and readiness to commit to violence will be opposed. Europeans will not succumb to Islam.
@@koroglurustem1722Islam rose once already and failed.
And now, it has worse chances than it did in the past.
@@koroglurustem1722
Decpite the many massacres which are commited this years in the name of Islam in Africa, Muslims in Irak want to implement a law which allows to marry nine year old girls. And religious muslim leaders would decide about the marriage.
Islam is one of the most evil inventions that humans ever made, simlar to Stalinsm or Rascism.
The majority of muslims are good humans but Islam is an evil ideology.
This brings to mind the Americans with Disabilities Act. Although it was created by the US to prevent discrimination against disabled Americans, it led to the UN's Convention on the Rights of Persons with Disabilities. Ironically, the US has refused to ratify the Convention despite being the ones to inspire it.
That’s because the UN always goes overboard on regulations when making treaties and conventions. The US has many Acts that has a mirror in the UN but wasn’t ratified here.
@@z1107eodthat's bull...there are many UN conventions that go over and under US legislation. Even in university, we were thought that the US does not want to be bound by international laws to begin with and that it perceived US laws as superior anyway. An example always given was the Rome statute and the ICC creation - a court above the US courts? Hell no; the audacity of people!
@@EskiZagra then apparently you had ignorant teachers that know nothing of our culture and belief system. If you understood our revolution, constitution, and history this would make since to you. Since day one our country was designed to answer to our own laws and nobody else’s, if you are not a US citizen you have no rights to tell us what we will do or not do, and our politicians have learned the hard way that if they try to tie us to international laws they will be out of office and all their work will be undone the next election cycle. We don’t even want to be part of the UN. It’s a useless organization that our tax dollars prop up. And we certainly don’t want to get tied into any organization like the EU. We already have enough differences and infighting between the states, we don’t need to add countries to the mix.
@@EskiZagraHence the unpunished crimes
That reminds me of the British, arguing against EU regulations during Brexit, that they (or their representatives) have originally drafted for their own protection (of health, markets, finances, environment, etc). When they were outside of the EU, they've noticed, that they were now subject to these regulations. E.g. it wasn't possible to go rogue on the Single Market with a vampire economy.
Proudly European. Together we are stronger. 🇪🇺
How true
almost everything Eu does is a net negative for EU citizens
@Al-xq4ec Please eat more propaganda. Almost all of EU's core policies provide a huge benefit to the average EU citizen, open borders, centralised currency and better development across the continent, anti corruption laws that are much, much better than what used to be common in the EU (especially the east). Especially the first two makes our market an insane amount more efficient, cutting the costs of constant currency conversion, having millions of truckers and freight trains wait at customs and allowing citizens to go abroad without filling a permit that needs to be checked by government officials, thus costing the taxpayer money.
Sure there are downsides to EU, but to say everything is bad is just plainly wrong.
I would add the regulations on food safety and the limits in the quantity of hazardous or potentially hazardous chemicals in the environment. Of course these regulations add bureaucracy and complexity and are a source of irritation to companies, but they are the safest in the world. No single country is so careful about these potential dangers.
@@Al-xq4ec try better, camrade baboonov.
Extremely good video. To the three case histories, I would like to add a more recent one: the new iPhones (from iPhone 15 on). At last, Apple has been obliged to introduce the USB-C and send the proprietary Lightning to the grave. On the EU side, this time it was not due to health regulations, but in order to improve homogeneous standards (and saving for the customers). Apple has then marketed it as a technological improvement (if it were, why wouldn’t have they introduced it earlier?), but the only reason is the EU directive. And now, I only have to carry one cable for my iPhone, iPad and a series of other devices.
It's time the EU will do something similar for batteries.
Every company now has their own battery and charger.
@@Robbedem isn't there a standard as in A, AA, AAA etc. batteries being used practically everywhere
@@Lukav1 yes there is, but many new tools, like chainsaws, drills, mowing machines, screwdrivers, ... all have their own type of battery now depending on the brand.
Lightning ban was one of the stupidest decisions of EU. Yes, I have phones from both worlds so no hidden agenda applies.
The reason for USB-C was for reducing e-waste.
From a German perspective, while the EU does a lot of BS it is still good to have a community of different countries who are competing constructively and at the same time containing any idiotic national extremist policies (whether it be left or right). An additional safety layer for median policy, I would call it.
We'll see if we get Orban under control, but I agree with you. The EU does more good than harm, as seen in the current state of the UK
I'm also Germany and I am happy about the consumer protection here in the EU, including things like standardizing charging cables, and hopefully in the future a right to repair for everything. Planned obsolescence needs to be outlawed by the EU.
@@5naf6 Shure will look forward to be able to replace the battery in my phone again and also to fix my car
@@Parciwal_GamingWhat do you mean by "get him under controll".
@@IkkeligegladYou won't have a car, cars will be outlawed by 2035 thanks to Green Deal.
Commenting for the algorithm. Your videos are great and should be seen more!
As a dual citizen (US/EU), I’m interested to see where the EU will be in the next decade or so. I’ve always admired the concept of the EU & its members’ willingness to give up some powers in order to create a better/more collaborative future for all its parties. But recently there’s been some friction caused by political movements, economic aspirations, and social issues. How the member states will react to these issues will play a vital role in the future of the EU. Top video!
The UK left and gave up some of it's power and is now subservient to it's rules so I can not agree with you on that score. N|othing is enacted without the say so of all members so in the end it's like any 'treaty' where the states eventually agree on terms for the greater good.
The EU needs a lot more refining but it is moving generally in the right direction - incidentally the 'take back control' fiasco of the UK was so that the very wealthy could avoid the tax laws that the EU are constantly chipping away at.... the power of spin and a three word slogan under the guise of immigration/borders, which hasn't hindered any wealthy or working class, in fact it's the opposite - once they start working, but the problem is the same as in the US - solve the issue or have political porns. It's not rocket science, the stats show immigration is beneficial 'legal' or otherwise, they need processing faster and slowed to work to help the economy. UK has been to reliant on 'services' which is over 2;/3 of it's GDP I think. What good is 'services' ? We all saw what was really important in the 'lockdown' and furlough periods during the recent pandemic. Farming, energy, clean water and housing seem to be the bases of life - not swapping currencies and hedge funds etc
From inside Italy, I agree with you. There have been frictions since the 2007/2008 crisis, but they have significantly increased with the pandemic and the war in Ukraine (oftentimes caused by misinformation and the spreading of fake news, which lead to "plagued" elections). I hope this plays as a "last roar" of nationalist sentiments, after which people will understand how cooperation is much better than competition (I mean the bad type of competition), otherwise I don't see any real future for the EU as we know it
@@federicomasetti8809 Yes I tend to agree that the EU, as we know it today, is at risk.
The risk being in its "over reach" into the areas of sovereignty and government of its individual member states , imposing agenda from other players seeking global domination (eg: WEF, UN, WHO, NATO, VANGUARD, BLACKROCK..et al)
When years back, it was known as ECC, the cooperation and union was understood and promoted at that time to be a strong Trade and Customs union. There was even a postcard image map, showing the different member states (MS) with a caption that read "Be European, be different".
The overreach by Brussels since then, into national sovereignty has inevitably given rise to objections and it has created a space for some nationalist parties you refer to.
Yes indeed to cooperation and regulations on things like food an' safety standards, product quality, equal competition, civil liberties, human rights and so on, -a great concept of cooperation to benefit consumers and citizens both inside and outside of EU.
However a BIG NO to its overeach into sovereignty of member states, by mostly unelected technocrats, who are beholden to "strong lobbies" and "vested interests". (eg: Big Tech Corps, Pharma, Energy etc) That is not democracy or freedom for citizens of member states.
Each MS has got its own distinctive history, culture and its own needs and circumstances. These unique aspects of peoples identity culture and their very ways of life need to be respected more by the so called leaders , or decision makers in Brussels.
I think the future of the EU will lean more towards the broader legal and regulatory frameworks. While border control and currency control may be returned under the direct authority of individual nation-states. Also, EU companies in general would likely focus on full indigenization of critical IP so have more flexibility to work on a bilateral basis with the rest of the world as opposed to now, where their strategic autonomy is limited by USA.
A lot of that will disappear with the fall or death of Putin. Most of this extreme right movements are subsidized by Russia. Putin was a KGB agent specialized in destabilizing countries. And that’s what he’s doing.
The EU market also extends beyond its official members through EFTA and similar. And here the Norwegian pension fund becomes relevant. The fund owns more than 1.5% of the global shares in over 9000 companies and they are an active shareholder who pushes the companies they are invested in not only to adopt Norwegian values, but also EU regulations.
Interesting observation. Although I think, you meant "EEA Regulation" not direct EU Regulation as Norway is not a member state of the EU.
@@sdgdasgupta8858 EFTA because I also wanted to include Switzerland in the equation as they are very relevant when it comes to European global impact. Norway is correctly also part of the EEA and as you say will only adopt EEA regulations and not the full scope of EU regulations.
EEA regulations are however also EU regulations and is actually the regulations that is most relevant for corporations globally as it include everything that standardizes the goods and services within the internal market.
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! :)
@@TheMarketExit Worth to remind that EU may possibly have larger economy then China. If we count all members together.
EU Laws and Regulations are going to save it - meanwhile the US blows up NordStream Pipeline - and EU says NOTHING!
@@TheRezroHere you go 6:59
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! :)
I love our European Standards and I mostly trust European products
Competing economic blocks globally give a voice to a varied granulated ethnic orchestra of opinions and life experiences. Though I detest almost everything European, I do value your right to be what you want to be.
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.
Whilst the EU operates on the basis of "prove its not harmful before it can be approved", the US operates on a "we assume everything is safe and above board unless the harm it causes is un-ignorable".
The fact is that US tourist like to come to EU and all reconize that all our food is better.
a fact, indeed
Finding a Canadian run restaurant in the US was a lifesaver.
Mexican influence on American food means it's significantly better than the food of at least every country north of italy
Thats not because of EU regulations bro
I disagree, there is plenty of amazing food in America. I’m a German American, who has lived in both countries and in France and it’s not that there isn’t good food in the US, it’s that the average American doesn’t go out to eat it either because the economies of scale make fast food sooo cheap.
If you want to though, you can find Filipino, Brazilian and Mexican restaurants in Chicago that have zero competition here in Germany. Most Germans have no idea what good Mexican food tastes like. I believe there isn’t even a Filipino restaurant in the entirety of Germany. To get some Indonesian food, you have to travel to the Netherlands. All of that was very common all around Chicago. Still haven’t found sushi that activates my taste buds like the one I had in San Diego anywhere in Europe (in Japan I did haha). Argentinian steak, Indian curry or middle eastern stew. All of it definitely better in America (probably also because the local community from those countries is larger).
Another aspect that America wins at is creativity. You can go into a random restaurant and have a good chance of finding a dish that you have never eaten before. In Germany, you practically know what the menu is going to look like before you enter the restaurant. They allow themselves to be innovative.
Certain foods are better here, certain are definitely better in America. Just don’t go to the cheap chains in America…
PS.: I went to Budapest recently and had this amazing pork filled with cheese and spicy Hungarian sausage, all battered. Couldn’t find a Hungarian restaurant here (Germany, around Munich). So, if anyone knows one, please let me know :) Thanks!!
It's awesome to see how long you've been at this channel and how top tier the content has been. Even more awesome to see that a lot of the comments are from people like me that have just discovered your channel and are gaining insight and knowledge into hard to understand topics. Thanks for having the passion to pursue this even before the views started coming in. May there be many more!
I don't know how this channel is not bigger, super insightful analysis. C'MON RUclips! Thanks so much for the amazing work. 😁
He's telling you the layer that "looks" good about regulation, but at the moment of talking about innovation and economy, he rushes out of it. The EU has stagnated since 15 years ago, unable to grow and compete, thanks to this guy's heroes at the EU and puppets at every member state, except for a few. A week ago, even Mario Draghi, a pure hypocrite cause he contributed into this situation, acknowledged the situation in his report: that the EU is basically screwed.
@@FeelMetalMan The global economy isn't gonna follow the post war trend anymore. It's slowing down for a long time now and for good reasons.
In that regard, the EU is way more prepared to switch to a more resilient economy precisely because of its regulatory power.
As for innovation yes there is clearly room for improvement. But doing so while keeping regulations and not fall for the "red-tape" neoliberal rhetoric is the most difficult and crucial task.
Resilience and performance are most of the time opposed.
@@cocolasticot9027 wishful thinking, you have no proof to back that resilience based on regulation will allow for anything, numbers all speak by themselves, the EU doesn't grow, admitted by the system itself.
@@FeelMetalMan Well it's not that complicated, you have short term private interests on one side and long term resilience goals on the other.
The only way to make those two coincide is regulation.
Make no mistake, EUrope has regulatory superpower because it's a big market. If EU will fall behind economically this superpower will vanish
6 minutes in and that's exactly what I was thinking.. if you have a huge market, you can impose the quality of products you want to buy.. or you start making them yourself. This will happen in the military branch as well.. since the US is no longer an actor europe can put it's base in for military security.
Well it’s not just that the USA and China are also massive economic blocks and they don’t have the level of regulation super power that Europe has. I think that just like the dollar managed to build trust and credibility around the world as the worlds reserve currency so did the European Union managed to build trust and credibility as the worlds policy regulator
@@ricardomadleno564 it's also that as long you are already making products to satisfy EU regulation, you'll sell the same ones even in markets without those regulations anyway, unless you want to double up on your entire production line. Since most of the other markets will have lower levels of requirements, quality wise your products will be of better quality than the competition, mostly more expensive, but sometimes for the same range prices. And quality shows.
@@ringsaphire
“quality shows” really? No longer in the EU car industry (Stelantis, BMW, VW…)
If EU will fall behind economically.. in US perspective EU is already falling behind over 50 years. and stil they rank higher in a lot of indexes. not everything les than US standard is bad en more then the US standerd in unnecessary and overrated
I think one of the points that was forgotten is that these EU regulations will find very little critique among the consumers and the politicians of other countries. There won't be someone who will feel strongly that mac'n'cheese should have dangerous food dies in it as opposed to paprika powder.
As there is no opposition coming from the consumers, the company will follow suit.
But if the EU bans petrol cars, those will still be produced for other countries, as there is a local incentive for them to do it. From the countries having strong petroleum lobbies, to the infrastructure making EVs impossible, especially in rural settings.
In this case the EU will heavily influence the automobile market, incentivising manufacturers to develop EVs, but the international market will also make the investment in the further development of combustible engines worthwhile.
You are right , stupid people continue to smoke when everyone knows it’s dangerous.😮
Please don't think EV's are environment friendly. They are not. We need a different type of fuel, that is environment friendly and not a new type of car that destroys the environment through its production.
@hijiri0794 that's make news. EVs aren't perfect, but they're not as bad as some will have you believe.
@acmulhern You don't know how the raw materials for the battery are extracted from the earth? This is not news, it has been known for a long time. You should learn how raw materials are mined and what consequences such methods have for the environment and the water balance of our planet. And the planet's water system influences temperature fluctuations and weather extremes.
@@acmulhern no, they are actually much worse than many will have you believe. But obviously you don't give a shit for africa being destroyed by mining rare earths and africans working for pennies with toxins to mine them so that you can have new, shiny EV that you think is "eco-friendly". Same as you probably don't give a shit that tires from your car will end up burning somewhere in Nigeria just because you paid some recycling fee and think it's being recycled...
Thanks for the nice video!
Thanks for the nice comment :)
12:40 I have written a short paper on biofuels regulations in the EU a couple of years ago. I noticed that EU regulations blocks out African imports of cheap biofuels, because those countries find it hard to comply with complex regulation. The major reason for this was to protect EU farmers, and hence protectionism is a valid argument in my opinion, especially regarding agri products. The farm lobby in the EU is very strong, and they often use this to protect themselves from foreign competition
Looking on that from different angle, food is for eating, not for converting it to fuel. If African country wants to starve it's people just to sell calories and enrich a few people, then this regulation is a god send for Africa, not the other way around.
You are so right
You are so right
@@adriankalAfrican countries exporting biofuel (processed goods) to important/developed market like EU is times valuable (more money) than just relying on their own cheap consumer market since it's enriching their pops which result in them able to afford more foods and goods. With well established middle class, farmer in africa got wealthier and produced more foods as a result.
Economy is an engine cycle/feedback loop. It's impossible for any poor country to developed fast if they just rely on their non-existant middle class to produce goods for. The reason why South Korea in just 50 years from zimbabwe level poor to become some of the most developed countries in the world is their heavy focused export economy.
@@KVUAA If it comes in exchange for INVESTMENTS, sure!!! If it comes in exchange for enriching the pockets of the corrupt elite, no thanks!!! South Korea = where it is because Japan invested heavily in it, both economically and through technology transfers. Something, the "lamestream" media often forget or deliberately don't mention...
Nice comparison, but nope. Go visit Africa one day, you'll see it's often a horrifying result of a mix of mismanagement and Western government deliberately keeping those countries down. (Glencore in Zambia anyone, a simple yet tragic story how a country like Zambia should ERASE WESTERN COUNTRIES OFF ITS PROPERTY!)
The algorithm brought me to your channel and your videos. I am really impressed by the quality of your videos. Keep up the good work!!!
He didn’t mention another criterion: the EU regulation has to be harsher than the competing regulations in other large markets, namely the US. If the US regulation is more stringent, the EU reg will be ignored.
This is an eye opener and now I am more satisfied to live in Europe where there is a generall health conciousness and protection as to what we can buy to put into our bodies
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
tbh, the EU has a much better track record with passing sensible regulations compared to the USA.
But the EU is also much younger, so I guess time will tell?
My biggest fear is that the powers that have corrupted their way into USA politics will eventually also find a way to corrupt EU politics.
I’ll hope your videos gets more attention. Phenomenal work!
Thanks! :)
His stuff seems honest and to the point..
Such good videos. Thanks for this high quality releases and for sharing!
Another example is EUDR: very complicated regulatory framework which aim is to eliminate commodities originating in areas with deforestation. Industry does not like it and wants market-based schemes but market-based schemes are now aligning themselves with EUDR.
As someone who works in the medtech industry, I see daily how much regulations slows down innovation. We literally avoid straightforward, quick and logical approaches in order to not risk having to go through a regulatory process. There’s soo much extra work going into discussions, workarounds and compliance.
Granted, it makes sense to have it regulated, but saying that regulation doesn’t kill innovation is simply just wrong and frustrating to someone who sees its effects on a daily basis.
As you know from your career, Thalidomide is good medicine. But things like that need study carefully and not just put to market next day they are invented.
For the love of God, dis any of you follow the medtech scams across this decade in the silicon valley or Elizabeth Holems doesn't ring a bell to you?
Hmmmm, regulation can be a hurdle indeed but using that observation to dismiss it altogether seems a bit foolish. There are simply too many examples of abuse of power within the medical/pharma world to discard regulations. Remember Softenon or the horrendous price gauging on simple meds?
@@abbofun9022 Or Oxycontin
@@abbofun9022 dude… I literally wrote that regulations make sense in many cases. My issue is with the statement that regulation doesn’t affect innovation. It’s just not true and I’m a first-hand witness of it.
You make me realize that, still today in spite of all its flaws, the EU is more a good than a bad thing for humanity and the planet.
As for a "New Delhi effect": 😂India is waaay too messy and peculiar as a country to become an international regulatory power anytime soon!
It almost makes me think in a conspiratorial manner. How come everyone arround the world, europeans included, are taught every little or big flaw of the EU and rarely ever any of its abundant upsides.
The EU is and can be such a positive force for the world and i feel like apathy and self loathing is all thats stopping us. Here we almost seem to equate any sort of pride in our identity with having to be racist or exclusionary. For some reason there isnt a strong sense of pride in the moral ideals of the EU that can expand to any country and ehtnicity.
If i were just a little crazier id say its the result of decades of Russian propaganda keeping us down by focusing only on our failins and demonising anyone that feels patriotic about the EU.
I feel like we should change that, the wold could be so much better for it
Narrotor: "In 1492, Christopher Columbus discovered the New World. This marked the beginning of a period in history when European nations were the worlds undisputed superpower".
Me: Having a heart attack, knowing the Portuguese had started the Age of Exploration 70 years prior.
Nah, they enabled it, but didn't spark it by themselves. Portuguese love to delude themselves with that one.
Until 3 centuries ago, China, India, Islamic World were the economic powers, and in that order
We didn't arrive in the new world but without the portuguese Columbus would have taken many more years
@@slayer1156 Remember, the sole purpose of the Spanish expedition (lead by Columbus) across the Atlantic was to compete with the Portugueses in reaching East Asia (spices, silk, porcelaine, etc). So, yes, Portugal and its exploration of the African coast triggered the Age of Discovery. It is a pitty that Portugal and its decisive role in human history is so often overlooked. Btw, I'm not Portuguese, I'm a Spaniard.
@@Karthagast Obrigado hermano
Love your video keep up the good work very acknowledgement
Thanks :)
USB-C in your Apple iPhone? Thanks to EU. Easy to change batteries in your next (2027) Samsung, Apple etc.? Thanks to EU.
Put that rule 40 years ago and the "iPhone" connector would be now RS232. Regulations kill innovation.
@@cienciabit Inventors develop new techniques and can offer them as a new standard. Works since ever. These are regulations not capital crime laws.
@@cienciabityeah, and so called "innovation" can be market dominance abuse in disguise. Exonomics 101. Regulation is not always a bad thing.
@@cienciabitactually no! Apple was part of the group that developed USB-C but as it couldn’t dominate and monopolise it Lightning was introduced as a proprietary product.
Thanks!
Thank you very much!
The US could learn and benefit from a lot of things in the EU. On many areas, the US population is suffering from the lack of regulation. There are too much sugar and other bad stuff in their food, companies behaving badly and so on. The EU has done a lot to stop companies like google and Apple from abusing their dominant position.
Wonderful video.
I hope to remain in the Eu for all of my lifetime
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? 🤗
Quality video. And thanks to you, now I have arguments against my friend who is saying that there are too many regulations in the EU, which is killing economic development according to him.
Keep doing this brother, and you will definitely make it big in YT
EUROPE is the BEST and will always be - this doesn´t mean the others are bad or minor - not at all. We love everyone. BUT the varieties in Europe - its patents, its abundance in culture, philosophy, science and education - is unbeatable. Thouh there are big challenges and risks of course - nowhere on earth is heaven.
Very informative Vid. yet one small detail mistake. At 1:40: Jean-Claude Juncker got an Italian Flag instead of a Luxembourgian one. Wouldnt even noticed that u had 2 italians if he wasnt such a big figure in European Politics.
Thank you, makes me think. Here in the USA, corporate media loves to display the divisive parts of the EU. It's good to be reminded that it's working, especially in those areas where the USA is failing.
The worldwide adoption of the USB-C connector for charging small devices was a great victory for The EU.
Even Apple is now using USB-C for iPhones and iPads. Soon that drawer full of incompatible chargers and cables we all have will be a thing of the past.
such an europocentric view
@ All new phones worldwide already use the USB-C connector. Do you want to go back to the days of every device having a different connector? ( I know….America under Trump would NEVER DREAM of being America-centric.)
Amazing video thanks for creating and sharing it with us.
The United States maintains its status as a superpower due to its strategic locations, large population, significant military capabilities, diverse demographics, abundant natural resources, and extensive global connections. Personally, I believe that without the backing of the United States, the European Union might not be regarded as a major power in its own right.
Also innovations, tech, science and finance are the reason why the U.S. is superpower
And those are mostly just consequences of the advantages OP mentioned
But since 1986 the EU has the capability to tell the US what to do. I happened to be present when the US ambassador demanded from the EU commissioner actions contra airbus because the market was to small for 2 large airplanes in the market they were discussing. Willy declerck put his fingertips together in front of his chin and said the airbus is flying the Boeing is only a drawing let the free market do it's job. With this the ambassador was dismissed like a child.
Europe is a superpower despite the United States.
The United States supports Europe! How?
The opposite.
@@CactusGirl-x7fUSA have only one thing more than Europe Finance and $.
The rest no.
Again thanks for making these.
Coming from the UK I have always thought the sole purpose of Brexit was for the neocons to avoid regulation; as was made obvious by their attempt to arbitrarily end every law that had been passed since we had joined in one act of parliament. Mercifully this absurd, suicidal action was stopped at the last minute.
We now have a government that is not only slipping behind in levels of regulation but also is very half hearted in its commitment to enforcing what we have; leading to shit filled rivers and poor air quality. Meanwhile there is a ballooning of new security legislation, illegal under international law, so that we have lost our right to protest what the tyrants are doing.
These are the problems of living on a backward island, captured by neocons/neoliberals but I think that the EU has a problem as well, not only with the rise of similar forces in Italy, Hungary, Austria, Germany etc but also in their backing of recent events in Palestine.
Regulation of businesses, environmental protections etc are based in law and depend on a credible legal system. For a legal system to be credible it must be consistent; it must be governed by international treaties and uphold citizens' rights.
In backing Israel's flagrant flouting of international law and simultaneously breaking their own laws on free speech, freedom to protest etc leading countries in the EU are engaged in the undermining of the legal system that, you eloquently point out, is the basis of their prosperity.
EU is the coming superpower!
❤❤❤❤
I'm German and I see the coming together of Europe. 1200 years after Charles the Great, emperor of Germany, france, italy and the Benelux countries came together in 1957. ❤❤❤❤
You're showing Crimea as part of ruZZia at 0:50 onwards - please, fix this unfortunate mistake.
Have you gone there recently?
We’re you there to make sure that it’s wrong
After the recent election he might have to depict the entirety of Ukraine as Russia
Thanks for your informative video. Regulations do really help the society and the environment to not get exploited. But something that should also be mentioned is, that some regulations espescially in germany make the economy struggle because it becomes less competitive to those of other countries. This will make a lot of companies die or emigrate which has an even worse side effect. The countries and their normal inhabitants will get exploided more and more. Example China: More and more products get produced their, so more companies exploit the workers there. In the end no one will pay attention to the european regulations, because the EU is not an interesting costumer anymore and only the sign, why it might be bad to regulate everything
If I'm not mistaken, weren't regulations invented in Europe. 4,000,000 (US) to 60,000 (EU) regulators reflects a lot, considering populations of 300 million and 500 million respect.ively
British Standards were as I recall the first. There’s now ASTM ( American) and ISO ( EU) . The EU impose regulations and standards, but they are often only to benefit the EU and there to protect their trade & citizens . Trade into the EU must comply. But often the ideas are good, such as omitting heavy / toxic metals from electronic components.
There is another factor. The rule has to be the most strict rule in the world. In other words, if companies apply this rule, they can export the product everywhere. So, there can be a Beijing rule or Washington rule, if these countries would apply even stricter rules. As the EU rules usually apply to health and worker rights, it isn't likely that any other big market will surpass the rules of the EU.
Fantastic channel, just found you! Du gör ett grymt jobb, fortsätt bara! Hälsningar från Borås :)
Tack :) Älskar Borås. Och grattis till vinsten mot Roma
Excellent video. Good work!
The EU has less then 450 million inhabitants.
Yes the EU itself has about 450 mill. But there are more countries which have accepted the same regulatory laws.
amazing work you've done
Everyone loves this wonderful creator’s videos, until he uploads and produces an unbiased and objective video on immigration.
Excellent factual graceful
I will follow you🍀
you included crimea as part of ruzzia!! that's just bad
#DealWithIt 🤣🤡
I get your concern but I think it is also important to use defecto maps instead of only just using maps we think are legally accurate. It’s a sad yet true reality Russia occupies nearly five territories in Ukraine
Ruzzia controls crimea. It's not in ukranian hands
As It should be
@@chrismoderate3495its important to use dejure maps cause its the way its supposed to be.
man your content is amazing and I wish you the best
Always depends. For entrepreneurs in the digital field, it is most by a curse, even though the EU claims that they are falling behind, and want to attract more entrepreneurs and skilled people in that field - good luck. For the consumers and general standard of living / quality of life, it is often a win, comes with side effects, though. And there are circumstances, but cases are true. Like parts of the GDPR, which everyone knows from clicking away, and never reading the annoying, total useless compliance banners on every website etc... I have a hard time to understand why there seems no intention, to roll back rules that turned out to be a stupid idea.
Plus, all the red tape, and institutional "harassment" + high taxes does usually hit small companies, freelancers, and startups much harder than the large cooperations they are supposed to keep in check. I don't want to call the EU (Also most of the governments on a country level) a hostile environment to startups, and digitalization - but I have to. Interestingly, this is true to many aspects regarding the future. Might sound would, but I think facts would prove, that most countries here are also hostile towards young and mid-aged parts of the population. They are good to pay for everything, but other than that, most advantages are going to where the voters are - old people. I think that is also true for legislation. With Spain as one of the most outrageous examples. - So far for the rant for today. :-D So it is really a mixed bag, and I don't think that the ability to create as many rules as possible is something to celebrate in general... It highly depends...
This channel is pure propaganda. Note the Maoist clothing of the narrator and the high production quality with limited views.
well, interesting to find two bots talking.. one says that regulations hit small companies harder??? like forrreal? Read about the tax breaks that small companies get and latge ones don't!
the other bot couldn't think of any facts, so critiques the clothing😂😂😂😂 looser!
@@dictatoribenevolo8394 you are the 2.0 of Christ cuckery. Marx is your Jesus. You have no mind of your own so you must worship an almighty you know who. Do as you are told. Only the great dictator can save you. You are a pathetic slave.
Great video.
Rathar unsupported by data.
As an Indian - I use an American product almost every day, I don’t remember any European products that are core to my life.
US and EU were 25% of global GDP in 1989 (when USSR broke).
Today US is still 25% while EU is just 12% and shrinking.
I mean, the Dutch company ASML makes most of the world's photolithography machines, which are used to produce computer chips, so you probably use them quite a bit, though indirectly.
Europeans product industrial equipment mostly
how are EU exports that you mention relevant to the topic of the video? all that is said is that EU influence comes from legal regulations for its imports. besides that it's good that India and other countries grew so much, it's great for humanity as a whole - keep it up! even if it leads to EU 'shrinking' in the relative terms like you mention
A simple example: do you or someone you know have a new(er) iPhone? If it has an USB-C connector, it is thanks to the EU. You or that person have access to higher transfer speeds and can have only one type of cable everywhere you go, making life easier.
you lost the point.
❤ More please!!!!❤
the biggest mistake we Brits made was leaving the EU
@@paullarne bro the brits had the best possible deal of any EU country. Now they are a third world country with a London in the middle
amazing video.
Again, Bravo.
About the arguments of regulation hindering innovation.
I work in chemical R&D, mortars and paints and what I have seen this years is that the cuality of the products have been going for the worst with regulations. Once one raw material is not allowed anymore, you can get alternatives but most of the time they are 1. Worst, 2. More expensive, to the point that good products are discontinued and that is very difficult to improve older formulations due to being limited.
Is it worth continuing using materials that are harmful? Is it really innovation if it causes just as much damage?
One could argue that the use of fossil fuels has developed humanity a lot, and that now we can explore alternatives, but it might be a bit too late.
It can go both ways, the artificial ban on certain raw materials or toxic byproducts can foster or hinder innovation. The perfect example is Germany during the world wars where the German industry lost access to a lot of raw materials but was still able to synthesize a lot of things during these times and a lot of discoveries were made that led to beneficial industry applications later.
If inovation is here for the sake of inovation, we can skip it. What is the good if we get some cancer later in life or the people making those substances don't live long? Or maybe we destroy the planet by poluting ground water and rivers, oceans. What is the point of that kind of inovation?
When eu bans oil derivatives..let me know
And having done eu law in my uk law degree this is such a gloss
And speaking from the caribbean...if we jhst ate what we plant and sell only national excess. Rathet than industrial farms of eu that dump food while africa was sugfering
Eu is old empire keeping control
But let see where sanctions war and brics & global south. Take us..
Yea to africa kicking out the europen empire of oppression..
From our history in carubbean 1492_1498 ..columbus left death and destruction in his wake as upwards of. 50 thousand native indians who luved in harmony witj natire were enslaved for capitalist greed of europens..so please take off those tinited specs
Eu has endless reparations to the native indians whose developed world they annhilated witj disease and weapons..
That why
White men speak with forked tongues was old native indian tribal chant😂
Yea
Amazing videos thanks !
All these goofy regulations are the reason Europe has no tech industry.
It has a big industrial technology industry
I might be oversimplifying geopolitics here. But god damn, EU is literally the good guys, the only flaw is that we seem to hate ourselves and have no pride in that identity.
We should start being proud of our values i think
Hell of a good video…. It also offers a very fresh angle to „us invents, eu regulates“ type of silicon valley chants.
Glad you enjoyed it!
Yes! Please make a video on the other book. 🙏
He disagrees that regulation stifles innovation. What major innovations have come to the market from the EU?
All technology and machinery to manufacture high performance chips is located in an EU integrated value chain 😉 EU industries are a powerhouse for industry demand products, just not for consumer products😅
5 islands out competing most of a continent is pathetic without your puppet master Germany there would be no talk of "dimografically challenged despite statistics rising power"@Arminius74
This is a great video 👏🏾
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! :)
You're totally wrong here. Silicon valley is innovative only on paper. Most things including crypto, ai, tesla, are scams that people who don't know what's going on put all of their retirement funds into. Eu don't allow for such scams and money stays with people.
Eu is superpower that is first choice to most migrants now. 50 years ago everyone fleed europe to us. Much changed since then and numbers show.
Also it's more rare to see dollar as the most trusted currency in Europe. All you want to buy can be bought internally with one exception - cpus. But still all cpus are impossible without european companies. That probably is more of a political decision than technical.
EU does high tech things, us sells it.
bro europe should be the poorest place on earth according to economics. china showed the only legitimate way to increase wealth. europe is addicted to slavery and genocide because thats the only way they ever obtained wealth in the first place. they are literally allergic to paying for labor. but their poor genetics prevent them from maturing past toddlerhood so they cant understand why paying for labor is a non negotiable aspect of actually growing any economy. to europeans the word economy has a completely different meaning. economy to them means "wealth in rich peoples bank accounts and the power to harm life on earth with impunity" .. it has nothing to do with real economic power through the creation of valuable resources and it never has or will because its firmly addicted to monarchist economics.
Interesting video. I discover the Brussel effect. As a swiss, living in the middle of the EU but no being part of, I can only confirm there is a Brussel effect. And I m almost very happy with it. I think almost all swiss are too.
As you may know, Switzerland and EU have a complicated relationship. It s not the main subject but for the specific swiss case and the politicial troubles with EU, which can be seen as a Brussel effect, I don t think it s related directly to the regulatory aspect. I think it s more related to a question of "political power dilution" for the swiss people in the current political EU structure (no direct democraty like in Switerzland). And the major question of the immigration and impact on salary (Schengen).
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.
@@marsjfieldsYep it’s always the people that shout “biG bAd gOverNment” don’t actually know what governing bodies does
@tobias2688 You think China doesn't over regulate? Lol they're worse than the EU. But they still put satellites in the sky, they have a better economy.
@@marsjfieldsyou are so right.
Top quality videos.
Please consider Highly Sensitive people when adding numerous 'light-leaky' flashes to the slide transitions so close to each other.
Cheers.
When it comes to regulations I have noticed a somewhat bad trend latelly of american sumbol politics entering the european market. We banned plastic straws everywhere even though some people with handicaps need those in order to drink normally (my boss has CP and bunkered up with thousands of plastic straws due to this, almost crippling the personal economy) and the Swedish tax on plastic bags did make the inovation of degradeable wooden plasticlike materials to find a new market but they were still taxed the same meaning that the tax was not to save the environment at all, just to show the public that they do. And since the law of plastic caps on bottles came to EU i have started collecting caps in a bag and I swear that in Stockholm there are way more plastic caps being thrown in nature due to frustration than before they added this crap. Again, a sign that they really don't care about nature but whant to apear like they do. There are also some things being regulated at EU level, or talked about being regulated, that would not work in a market so vastly different in culture. There are talks of adding a EU minimum wage wich would undermine the power of the Scandinavian workers unions since the minimum wage and lack of strikes compared to other countries in the EU is due to said workers unions, among other things. So yeah, there are loads and loads of good areas, but there are also areas where the politicians in the parlament are just making a fool out of them selves.
Why does he not use paper straws!?
@@Ramschat have you tried chewing on a paper straw and tried re using it for weeks after washing them to re use even more? Also to bend them in all kind of ways?
the purpose of regulators is more regulation…
@@jaywalker1233 I mean, there are good regulations. When it comes to new things you can either let it run wild and risk it all lead to something bad in the future or regulate it a bit. Good regulation coming from EU are things like limiting social media platforms by making them responsible for the service they provide. That is not more strange than making the providers of roads responsible for the functionality of their roads by removing pot holes and such. The fact that other countries/unions don't regulate more is something I find strange even though EU is extream. I wonder if there is some place without the two extreams of to much or to litle regulation.
@@klankungen7794
Brussels exists to regulate. Like the Terminator, it will never stop…
Thank you
1:07 Crimea is not a part of Russia!
Has been for a decade
Great work! Your channel started to pop-up in my feed recently and I was reluctant to click on it; I was worried of finding extremist euro-skepticism or radical leftism, any of those with half-backed arguments; however, I found myself here with a balanced analysis based on a quite interesting topic. Maybe you could've maybe mentioned the somewhat culturally homogenizing effect Brussels regulations have according to some, hardcore nationalists in particular; one example could be the nutriscore and Italy's traditional foods, but I see that the focus of your video was more on the single market aspect and not so much in its local implications.
PS: Thanks for the book recommendation!
Why do you say that regulation does not impede innovation? The common understanding is that due to the burdensome regulation the EU cannot compete on creating a tech industry of its own (as well as access to capital and lack of an integrated market). Did you read any paper on the topic?
@Victorceme Thing is, they're designed to be that way. The EU doesn't care about business. All they care about is controlling what their populations are exposed to.
European companies are more affected because most of those countries have very high taxes, low social mobility, high crime rate, etc. Which makes it infinitely harder to even start a business in Europe compared to the US.
It does, obviously, and proof is in the pudding. Europe is so far behind Wall St and Silicon Valley is utterly humiliating.
@@KarlEmanuel-f4l great comment, the only point where I would differ is on the social mobility aspect which I feel it is much better on the EU compared to the US
Precisely
@@Victorcemeon global ranking, most of EU countries have lower social mobility than the U.S.
Well said.
video starts at 6:30
Never overlook importance of quality. It was one of the most important factor which had mde Israel exempleray to me until this ongoing genocide.
Europe and UK to me has thaat ability to uphold quality ,lot of other places habe proved that too already. I dont like competition between goodness, that has to be avoided because I think that becomes self defeating, however i do not support equating quality with quantity, so I think Europe is still quite important for the world due to historical legacy and due to some basic admirable qualities european societies and people possess and I dont think there can be an alternative to that from sheer military or resource power from larger entities.
However EU is not alone,lot of important centers have sprung up in post colonial period and as I had mentioned quality should always be valued over quantity or size.
The US GDP is now about 80% larger than that of the EU. Also, it is a country that still has a positive demographics (many children being born) whereas Europe unfortunately is aging rapidly.
The majority of the tech sector is US-created. EU stopped innovating, and the "let's regulate it all" attitude will make them less over time. Also, its population is aging, whereas the US is the sole superpower that has not passed its population peak.
@@Odisseia-hh2tdare you a bot?
@@Odisseia-hh2tdHave you compared population pyramids between the two? I just Googled both, and I see that the USA has the same demographic problem as the EU. Population is stable or growing in both, due exclusively to immigration.
@@MarshallTheArtist I checked. Europe is the only region with steady decline in population. Africa and North America are the only with steady increase. Asia and South America are increasing but will start to decline in the medium future. Google "Peak global population and other key findings from the 2024 UN World Population Prospects" by Our World I'm Data.
@@MarshallTheArtist yes I checked. Europe is the only region with a trend of steady decline in population. North America and Africa are the only regions with a steady increase trend. Asia and South America have a trend of increase but will peak soon and start to decline in the medium term. Source: "Peak global population and other key findings from the 2024 UN World Population Prospects" by Our World in Data.
Thank you to the EU for standardizing things like phone chargers and food standards, Love the Brussels effect and the fact that we have had no wars in Europe for 7 decades,
EU is the old man yelling at the world
Other economies are the drug addict youngster trying to get more dope by making it legal.
ahhh the comment I was looking for lol
Yes we get to live old thanks to good health
As a Portuguese, I’m 100% with the European Union 🇪🇺 project, although we need to Shift 180º on several areas, as defense, energy, reinforcement of our internal industry, development of technology, immigration, and common foreign affairs police. A lot of work to be done, so I feel worried about our common future.
The issue is just the EU has a criminal leadership. Also it doesn‘t really have the power to assert things e.g green deal was a joke compared to the US one well at least on Paper. The other thing is that the people that can create „Verordnungen“ are not democratically elected the same for the President of the union.
Constraints spur innovation, not inhibit it. Doesn’t mean you can’t gripe about it, but people never find a rule they can’t work around with some creativity.
Crimea is Ukraine
No it isn't.
@@Samuel-hd3cp Even the Russia's friend - China considers Crimea as a part of Ukraine.
Russia, just as any other country, doesnt have friends
Russia also supports India, Who is the direct enemy of china
Crimea right now is de facto Russia, but by international law its Ukranian
Exceptional video 👏 👍 👍
As a European myself...the level of cope among Europeans is unreal.
We are not a power in any way, shape or form. The sooner we look up to the Americans, the better off we will be.
Nuclear power tho ;) at least in my country
You might want to reconsider that comment. Nothing good is about to happen here in the US.
I like your french accent, keep it up bro
You must be kidding! Europe is finished
Instead of investing in their native population the invest in migrants. F them
Machines that runs on different fuels unlikely will have the same kind of engine, and viceversa.
If I may add a question: how do you see the theory of a “cloud capitalism/techno-feudalism” scenario leaving European Union behind in comparison with an increasing nationalist feeling amongst some of several nations , while many economies (both within and outside the European zone) are resetting (willingly or no I couldn’t say) and facing major adjustments, combined with the new agenda for “2030” ? Do you still see congruence, joint visions and shared goals amongst european unions nations, g7 capable of seeing Europe as a promoter of directives and regulations that may impact the world globally? Thanks for the video
You expect us to trust your research when you cannot even find the correct pictures of the people involved in the Maastricht treaty?
😂😂😂 what an argument you got here... Amazing!!! And you think you got a point here 😂😂😂
I moved to the EU 8 years ago and the ONLY thing that is worse for me is that I make less *potential* money. Other than that, my quality of life has increased 10x! I am never moving back to the US!