Uff you will get downvoted for this. This sub would not like that and act like ostrich in the sand
Europe, at any time, could start two-digit economic grew.
Because economic is just a process of satisfaction of Maslow’s hierarchy of needs.
So, “rise of human capital = new needs = new markets = economic growth.”
As it was during “education -> industrialization -> urbanization” times.
For this Europe needed just one very simple thing – start paying to people that will pass voluntary exam about knowledge of Academic Logic, Cognitive Distortions, Logical Fallacies, Defense Mechanisms, and base Anthropology, Psychology, Sociology.
P.S. Did anyone who downvote even understand how many problems have modern mankind and Europeans as part of it?
1. Rise of conservatism and conformism due to rise of median age.
2. Accelerating technological progress with more and more dangerous technologies, and risk of new problems that could be resolved only proactively, by intellectual and social elites on the level of science fiction writers of the past.
3. Risks of complete destruction of International Law because of success of Russian “WMD-Might make Right/True” logic.
4. Economical recessions/crisis due to automatization and exhaustion of innovation possibilities in “old markets.”
5. Complete departure of new/young generations into escapism because of so many unsolvable problems. And related degradation of main culture function – safe simulation of probable risks and favorable probabilities.
6. And so on.
How exactly you will be solving all these problems if all you’re experts – Musk analogues, professionals in one thing, but laymen in everything else? I not even say about officials and politicians with middle age 60+.
On what miracle did all of you expecting?
On globalization? Did globalization help you with the “End of the History”? Or created reality where more than 8% of World’s population live in full-fledged democratic countries?
On AI? On almost the same instrument as Internet, that now used not only by people with 21st century morale, but and by hundreds of millions of people with morals of past centuries.
On Santa Claus?
Is it just me that thinks that eu worries about climate change is worthless to what usa and china contribute to it?
I think we need 50K new regulations
If we regulate a few more industries out of existence our GDP will surely skyrocket. trust me bro
maybe if we had oil and had used our shale gas, that line would have been different
Well, looking around at my technology at home, none of it is European.
I like to think that we europoors are quietly engineering our societies into ones that are not solely about production and consumption.
Maybe european enterpreneurs are using money to start business elsewhere.
Axis not starting at 0 makes this somewhat misleading.
Not starting the axis at 0 is okay when doing so would make the difference hard to see, but that doesn’t apply here.
How would this differ from a time-series chart of US and EU population as a proportion of world population?
We have no resources. The US is a net oil producer. No matter how our economies perform, energy will always cost more and eat away at the bottom line.
One thing – population in USA basically doubled, the world’s x4? Abs Europe’s basically the same as 1970’s so…
Scale should start at zero and a share of world population line should be overlaid maybe?
I see charts like this a lot on Twitter, and whenever I look at the profile, the OP is from the US in all cases. Why are you guys so obsessed?
The interpretation of trend looked like quite arrogance to me, EU+US have only 10% of the world population, yet still nearly have a share of %40 of the global gdp. Europe has 5% of the global population and more than 15% of the global gdp.. Let alone the population increase of the rest of the world relative to EU, how can you expect the rest of the world could remain as poor and less productive as they were 50 years ago? ..Of course lots of countries with billions and billions of people (not only China and India) have higher rates of development than EU since they have started from a very low point. This graph shows that the development and productivity delta between the rest of the world and eu is still crazy high and you guys are enjoying competitive (and also unfair) advantage of starting the race in front to keep things mostly as unequal as it was in the past.
Is there a chart for productivity per capita?
The US and Europe are often compared as two similar entities but they’re not. The US is a single country. Yes states have a great degree of autonomy but when it comes down to it it’s a single country. Even if one state is lagging behind or another is excelling, they all “move as one”. Europe may be a union but it’s still comprised of independent countries, with the main difference being that if one country is lagging behind the other ones don’t give two shits about it. This has created a dichotomy between countries that are thriving and shape policy accordingly and countries that get the short end of the stick but have limited options on how to deal with that because they don’t have complete autonomy on one hand but not so little that the others will just pull them out of it.
This fundamental incompatibility between members forms a rift that stunts the growth of the whole.
Hey at least they got a “landmark” AI regulation. Geee that must be so tough to do.
Annoys me that we use GDP as the most important metric for “relevance”
For the “but deficit” people
Being the largest reserve currency the US is supposed to run a deficit. If the US runs a surplus the world will have less dollars, less reserves to trade every year.
The distribution of US productivity goes to fewer and fewer hands.
21 comments
Uff you will get downvoted for this. This sub would not like that and act like ostrich in the sand
Europe, at any time, could start two-digit economic grew.
Because economic is just a process of satisfaction of Maslow’s hierarchy of needs.
So, “rise of human capital = new needs = new markets = economic growth.”
As it was during “education -> industrialization -> urbanization” times.
For this Europe needed just one very simple thing – start paying to people that will pass voluntary exam about knowledge of Academic Logic, Cognitive Distortions, Logical Fallacies, Defense Mechanisms, and base Anthropology, Psychology, Sociology.
P.S. Did anyone who downvote even understand how many problems have modern mankind and Europeans as part of it?
1. Rise of conservatism and conformism due to rise of median age.
2. Accelerating technological progress with more and more dangerous technologies, and risk of new problems that could be resolved only proactively, by intellectual and social elites on the level of science fiction writers of the past.
3. Risks of complete destruction of International Law because of success of Russian “WMD-Might make Right/True” logic.
4. Economical recessions/crisis due to automatization and exhaustion of innovation possibilities in “old markets.”
5. Complete departure of new/young generations into escapism because of so many unsolvable problems. And related degradation of main culture function – safe simulation of probable risks and favorable probabilities.
6. And so on.
How exactly you will be solving all these problems if all you’re experts – Musk analogues, professionals in one thing, but laymen in everything else? I not even say about officials and politicians with middle age 60+.
On what miracle did all of you expecting?
On globalization? Did globalization help you with the “End of the History”? Or created reality where more than 8% of World’s population live in full-fledged democratic countries?
On AI? On almost the same instrument as Internet, that now used not only by people with 21st century morale, but and by hundreds of millions of people with morals of past centuries.
On Santa Claus?
Is it just me that thinks that eu worries about climate change is worthless to what usa and china contribute to it?
I think we need 50K new regulations
If we regulate a few more industries out of existence our GDP will surely skyrocket. trust me bro
maybe if we had oil and had used our shale gas, that line would have been different
Well, looking around at my technology at home, none of it is European.
I like to think that we europoors are quietly engineering our societies into ones that are not solely about production and consumption.
Maybe european enterpreneurs are using money to start business elsewhere.
Axis not starting at 0 makes this somewhat misleading.
Not starting the axis at 0 is okay when doing so would make the difference hard to see, but that doesn’t apply here.
How would this differ from a time-series chart of US and EU population as a proportion of world population?
We have no resources. The US is a net oil producer. No matter how our economies perform, energy will always cost more and eat away at the bottom line.
One thing – population in USA basically doubled, the world’s x4? Abs Europe’s basically the same as 1970’s so…
Scale should start at zero and a share of world population line should be overlaid maybe?
I see charts like this a lot on Twitter, and whenever I look at the profile, the OP is from the US in all cases. Why are you guys so obsessed?
The interpretation of trend looked like quite arrogance to me, EU+US have only 10% of the world population, yet still nearly have a share of %40 of the global gdp. Europe has 5% of the global population and more than 15% of the global gdp.. Let alone the population increase of the rest of the world relative to EU, how can you expect the rest of the world could remain as poor and less productive as they were 50 years ago? ..Of course lots of countries with billions and billions of people (not only China and India) have higher rates of development than EU since they have started from a very low point. This graph shows that the development and productivity delta between the rest of the world and eu is still crazy high and you guys are enjoying competitive (and also unfair) advantage of starting the race in front to keep things mostly as unequal as it was in the past.
Is there a chart for productivity per capita?
The US and Europe are often compared as two similar entities but they’re not. The US is a single country. Yes states have a great degree of autonomy but when it comes down to it it’s a single country. Even if one state is lagging behind or another is excelling, they all “move as one”. Europe may be a union but it’s still comprised of independent countries, with the main difference being that if one country is lagging behind the other ones don’t give two shits about it. This has created a dichotomy between countries that are thriving and shape policy accordingly and countries that get the short end of the stick but have limited options on how to deal with that because they don’t have complete autonomy on one hand but not so little that the others will just pull them out of it.
This fundamental incompatibility between members forms a rift that stunts the growth of the whole.
Hey at least they got a “landmark” AI regulation. Geee that must be so tough to do.
Annoys me that we use GDP as the most important metric for “relevance”
For the “but deficit” people
Being the largest reserve currency the US is supposed to run a deficit. If the US runs a surplus the world will have less dollars, less reserves to trade every year.
The distribution of US productivity goes to fewer and fewer hands.