the us has turned into what is the final stage of the game monopoly
Well the US has returned its economy at pre pandemic level already in the second quarter of 2021. The UK has returned to pre pandemic level in November. Germany and Italy still have not recovered completely, so it’s not a big surprise that they will outgrow the US. But for how long ?
Misleading, the euro area was bigger before the pandemic and now then it recovers it will be bigger again.
The EU has a lot of growth potential. Many of its current member states are catching up to the more developed ones. Albeit on their own pace, but progress is happening all around. That’s the first point.
The second one is that, the EU can technically expand, a lot. While the US is unlikely to annex Mexico or form a union with Canada, the EU can accept many more member states. Of course this will take a lot of time, federalization and innovation, but I believe that, eventually, the EU will outgrow the US in a lot of ways.
Just imagine the Russian Federation, under democratic leadership, with all of its natural resources, joining the Federal EU in (let’s say) 2050. Wouldn’t that be bonkers?
I thought it already was bigger.
No shit, it’s been locked down and stagnant. It’s like holding back a spring.
European manufacturing – especially Central Europe, Germany, France, and Belgium.
27 countries together will outgrow one?! woow
The fundamental issue here is that US politics has broken.
The opposition is no longer loyal, and the US system has way too many veto points. This means policy is simply not happening.
Which also means Goldmans projections for next year are likely way over optimistic. If the democrats loose the unitary control they technically do have right now, expect government shutdowns and other utter bullshit.
In big part thanks to the historic grants and loans that were approved at the EU level. Compare this to the way we dealt with the 2008 crisis. Fiscal hawks in Northern Europe were wrong and continue to be wrong when they say that during a downturn we need to further strangle an economy.
This time we gave proper stimulus to all European economies. We learned from our mistakes.
Thanks to our affordable education, meaning the next generation of workers isn’t drowned in debts for now.
Now if only macron stopped trying to sabotage that.
By “purchasing power parity”–ofcourse.
But gas prices.. and energetics.. Thats all became a little lame in EU
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the us has turned into what is the final stage of the game monopoly
Well the US has returned its economy at pre pandemic level already in the second quarter of 2021. The UK has returned to pre pandemic level in November. Germany and Italy still have not recovered completely, so it’s not a big surprise that they will outgrow the US. But for how long ?
Misleading, the euro area was bigger before the pandemic and now then it recovers it will be bigger again.
The EU has a lot of growth potential. Many of its current member states are catching up to the more developed ones. Albeit on their own pace, but progress is happening all around. That’s the first point.
The second one is that, the EU can technically expand, a lot. While the US is unlikely to annex Mexico or form a union with Canada, the EU can accept many more member states. Of course this will take a lot of time, federalization and innovation, but I believe that, eventually, the EU will outgrow the US in a lot of ways.
Just imagine the Russian Federation, under democratic leadership, with all of its natural resources, joining the Federal EU in (let’s say) 2050. Wouldn’t that be bonkers?
I thought it already was bigger.
No shit, it’s been locked down and stagnant. It’s like holding back a spring.
European manufacturing – especially Central Europe, Germany, France, and Belgium.
27 countries together will outgrow one?! woow
The fundamental issue here is that US politics has broken.
The opposition is no longer loyal, and the US system has way too many veto points. This means policy is simply not happening.
Which also means Goldmans projections for next year are likely way over optimistic. If the democrats loose the unitary control they technically do have right now, expect government shutdowns and other utter bullshit.
In big part thanks to the historic grants and loans that were approved at the EU level. Compare this to the way we dealt with the 2008 crisis. Fiscal hawks in Northern Europe were wrong and continue to be wrong when they say that during a downturn we need to further strangle an economy.
This time we gave proper stimulus to all European economies. We learned from our mistakes.
Thanks to our affordable education, meaning the next generation of workers isn’t drowned in debts for now.
Now if only macron stopped trying to sabotage that.
By “purchasing power parity”–ofcourse.
But gas prices.. and energetics.. Thats all became a little lame in EU