Draghi’s proposal is clear and insightful. We NEED more cooperation. Alone we are destined to fizzle, together we can thrive. In difference, in culture, in independence, we need to form a united front. Europe stayed on the sidelines for too long. Time to get back to the top.
Please, notice that Draghi calls for increased investments from the private sector. Private means here not only big companies but the people. In the USA there're strong incentives to save and invest your savings. We need fewer regulations on savings and investments, companies would access that way cheaper funding. In general, we need fewer regulations at the EU and at the country level. Regulations are a barrier for EU growing companies to reach consumers. We dont need another NextGen, we need less regulations
Reform the EU into the EI (European Imperium) that focuses on Science, Logic and Reasoning while outlawing everything and everyone that harms Humanity and you have my support. Praise the Emperor.
All nice and sound until you try to force anyone to abandon their own culture. Because you can't unite cultures that oppose one another. You just have to let these differences be as they are. And the reason we are so low on the global market is because of our regulations that either suffocate our business or send them away to countries with less regulations, like US. Socialism is at fault first and foremost, not the lack of unity.
Not with so high taxation and so many bad things our "beloved" politicians are doing. Northern Europe for northern european people. Greetings from Greece!
I'll never understand why Draghi is the one proposing stuff and not the one deciding stuff. We need him and people with his mindset and experience to lead Europe, not just sitting behind and just continuing to propose without being listened.
it all stems from the same issue. Member states are often lead by populists and very social heavy parties, which will for sure go against all of these ideas, since they are all short sighted or straight up ignorant or uneducated on economic subjects.
Because he is an unelected bureaucrat and in the EU decision have to be made through some form of democratic process either through the flawed European council or better through the European Parliament. Hopefully the European commission will propose policies to both these bodies using Mario Draghi suggestions, but it's not reasonable to have him be the decider on policies of this scale.
@@tomorrowneverdies567 I hope you didn't read my comment, otherwise you simply lack the ability of understanding what you read. I'll try again: no one voted for Mario Draghi because he wasn't a candidate. He isn't elected anywhere. I wonder why not a single party asks him and like-minded people to be their candidates, just to pay them later to "give advice" they'll never follow anyway.
A look at German reaction to tech...shutting nuclear, switching back to coal, burning cars at the cleanest car factory in Europe...suggests an attitude to tech. Switching the focus away from Germany seems necessary. Other European countries are more pro tech. Germany is leading Europe the wrong direction.
The issue in Germany had been less the shut down of nuclear energy and more the fact that the renewable transition had been asleep since 2011 and austerity policy had been implemented. Only in the last two years certain factors of said policy have changed, RE is booming and the political atmosphere has moved from pro austerity to anti austerity (despite the ignorance of our finance minister)
@@Fredy2006Fedy That's denial. Electricity grids need dependable baseload. Since hydro is already built where possible and network storage isn't feasible at any large scale, you're either burning stuff or operating nuclear reactors. You can choose carbon, uranium or making do with much less energy. We need to be real here, and grids that ran exclusively on hydro, solar and wind are just not possible, and that's before even considering electrifying vehicles.
@@Fredy2006Fedymate, nuclear was shut down and nothing can compete with a running nuclear power plant in terms of cost ever. The biggest problem of nuclear is building the plants, and Germany shut down running and perfectly good nuclear power plants. Complete choas.
If you watch Mr. Draghi's recent speech you'll notice Mrs. Von der Leyen's warm introduction of him. It thus seems like they are very much in agreement about what kind of change is needed
Let's hope Europe starts to act now. We need to rebound from stagnation and austerity, and individual countries are not capable of this. Only a strong union can face the challenges ahead.
There's no strong Union, the money that came from European countries was used to take care of the rest of the world, including Hamas, and Gaza, etc., Europeans were neglected by EU/Germans, Ursula VD. It's time we looked at EU and where our money is going!
@@architkumarsingh4547 I think I align most with S&D but not on everything. Nevertheless I agree: The biggest threats are PfE and ESn. They are useful idiots acting in Russia's interests
@@tomorrowneverdies567 diverting the money from retirement and dividends to high salary and apprenticeship to increase new tech and productivity… and once the activity is really high again thanks to that massive investment we will increase the retirement money again because the productivity will allow it. I am saying this because the money from retirement at some point will outgrow the money made by the youth so the taxation will be so high they will all move to the USA or Luxembourg or Swiss which is impractical… the way only I see Europe catching up with the USA and China is momentarily for at least 10 years massively invest in youth their education the productivity, equipments, the salaries high enough to actually have kids… all those things that make people work harder… also invest more in R and D to counter the high money in MIT and stanford. Actively steal talents from taiwan and the usa create visa that ease up red carpet treatment for those high impact individuals… but europe will never do tgst. youth do not lead europe only grey flamboyant hair do that
@@tomorrowneverdies567 reduce retirement increase investment for young people and the future. If people have high enough salaries a business developing for the entry years they will make more babies
@@tomorrowneverdies567 invest in the future not the past increase productivity is mandatory otherwise it’s dead one active is supporting some elders but in the future it will be a lot I say . Reduce retirement now invest more generate more so that retirement can be increased later
It might look like a titanic challenge ahead of us, but isn't it hopeful to have the opportunity to build this together? We are more united than ever before. We have the vision, the talent, and the need. This is how the great comebacks begin. Let's do it and convince the rest of European powers that it is better to join. United we will flourish.
3:00 The US tech companies uses much better methodologies than here in the EU. I used to always work for EU companies with outdated methodologies, but after I worked for a hudge US company I realised how less I know. Now I am back and I am sure, the EU is fragmented and not work as one unit and this is applied to the tech industry too.
What do you even mean with methodologies? US and high growth companies are often influenced about the latest bestseller in consultancy, but I wouldn't call that innovation or a good thing for productivity.
@@MtJochem trunk based development, squad based agile, ab testings, micro front-ends, these just a few examples of things that I used while I worked for US companies. 2 years ago I returned and now I see that here people uses the same technologies as in 2012: 3 tier apps monolitic apps with copy deployment to servers, single weeks sprints without estimations, non-automatic tests, etc. etc. I checked what they use in12 other companies and is still the same as 10-12 years ago.
I have had the opposite experience. US firms where they hire new managers every two years, make a change (good or bad), write it on their cv, and then get a new manager job, further up the ladder. There is such a massive difference in work culture depending on where you work. In Germany where nobody switches their jobs, and in Spain where you're fired at the drop of a hat
That’s a bold claim. While austerity under Merkel certainly did play a role, it's more complex than that. The EU's economic performance is influenced by many factors, including global trade, technological changes, and demographic shifts. Breaking it all down it to just austerity misses the bigger picture.
They should also apply harsher sanctions against state members that don't stay within the deficit margins and don't uphold the rule of law. I am from Romania and the government public spending and inflation have gone through the roofs. All because of corrupt and incompetent politicians that don't care about economic growth and justice.
Oh they care about economic growth in Romania (apparently). But they also care about things that are obscure to us "simple" people, as is evident in their immigr. policies in western Europe. Greetings from Greece.
What are you talking about? Here the whole point is to increase debt and spend it on innovation so we can remain competitive. US and China are spending like crazy. I just wish that not all of this money will go to Western EU, it should go to the best companies but that's hard to judge.
It has been proven times and times again that trying to stick to deficit margins can actually hurt the growth of a country and eventually create stagnation. The reason Poland moved up so much was because they had an increased spending for investments that eventually brought in many companies. Actually same happens with Romania the amount of jobs created the last 10 years are a result of high amount of spending and Romania is not a small player anymore in the EU. Corruption is a different beast though, that can create issues and definitely Europe should do more on that front, then again that has caused a huge wave of anti establishment movements, so it is a double edged sword.
Another case of "I want a country like outside" it seems, look at the UK how well is it doing with even the government refusing to spend a penny more, 3 cities filled for bankruptcy, none can afford a home anymore and the economy is in shambles. While Romania has driven investors interest into its economy by being the first to invest in its economy. Since the 2000 the economic system didn't work on what money you had, the American banks realized that and started exploiting the system which led to the 2008 crash. Today the game of economics isn't only about how much money you have it's about how much money you would be able to make.
I hope it does not. For a fundamental reason most nations in the EU are barely able to sustain their national debt as it is grabbing another creditcard will just result in their children or grandchildren being stuck with the bill.
@@RasmusWitzig not saying we don't i am just against debt sharing because i do not the reason why my countey would underwrite the debt of country's. Who were just a few years ago on the edge of being bankrupt and still have a unsustainable amount of debt as is. I also notice these country's are ageing and they lack a well funded pension system what means that it will be payed from the national budget only making them a worse financial risk for my country.
well, if it's any good news, the next election is in a year - he's definitely not going to be in power then, and maybe if political messaging is done correctly he'll try uturning on his stance before then
Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@Hardcore_Remixer_Alt_Acc well we voted for the deputies in the EU parliament, the deputies therefore voted for them! that's how it functions pretty much in every parliamentary democracy!
@@fotoniknoise Do we know whom each deputy voted? No. This means we don't know for sure where our votes ended up in the end. What kind of democracy is it if you don't know what you voted for as the end result? Answer: it isn't democracy!
@@Hardcore_Remixer_Alt_Acc yeah but you know the party you voted right? Von Der Leyen was voted by the parties similar to her agenda in the EU parliament that the citizens chose! So yeah, in a way you know how she got there
They do! I like Draghi's proposals! Time to simplify and unite (through tech!) What is it that Europe together could aim for, eyes on the prize will always make people rise 🙌🏻.
Comparing GDPs is not the only indicator to be taken into account. One must also compare quality of life, social security, environment, living standards, food production etc. I am sure that in spite of Europe's high density of occupation, standards are higher in Europe than in China and the US.
Yes which is great, i strongly believe that the EU should lead the world instead of the US because we're the only ones that are reasonable and wish to create a good world for everyone, opposed to the US and China that want global domination so their elites can profit. The reality however, is that Europe has fallen behind so much that at this rate we will never regain global power as many of our individual countries once had, the netherlands, france germany.... We have learned our lessons from the past and are now stuck watching the current global leaders repeat the mistakes we made 100's of years ago. It is in humanity's best interest that a union of culturally different nations where all different opinions can exist and are heard, comes on top again.
Thats cope. Our quality of life in the EU has decreased/stagnated while it imcreased in the US. We can't sustain this quality of life much longer if things keep happening the way they are
If there is no growth in tech, energy and security how will be maintained the quality of life, social security, living standards, etc in EU? EU had it all, was leading, was competitive with higher quality of life now it's losing ground 20 years strait. Do you remember when EU was leading with Nokia and Erickson phones, that it's tech, that it's lost, next it's European automobile industry, if EU does not invest in research and development of tech, energy and security to lead and compete in a near future will lose it all, the quality of life, social security, living standards, sacrifice the environment, food production, etc. "One must also compare" it's irrelevant and pointless when comparing China and US lead in those sectors.
0:27 remember the EU expanded & took in many Eastern & central European countries with underdeveloped economies & also lost the UK the 2nd largest economy in Europe between 2002 & 2023
The EU member states were more concerned with the wants of German hobby farmers in the South and France's obsession with its pastoral image than with the realities of adapting to the realities of the "Eastern Accessions". The same goes for Russia and the former Yugoslavia. Reality was ignored in favour of... what?
Undeveloped? Really? If you ask those very same countries, the conditions now are much worse. Every single sector went into abys, especially the agriculture. Import bad quality products from countries that have a bad climate and the conditions to grow such products are not sustainable. However the locals are being closed or pushed to such demands in order to cover EU regulations, that in the end the result was just shutting down. EU understanding for economy is globalisation, which basically end up to one certain thing : Import from China.
@@name_itactually every single eastern European country have a favourable view in the EU except from Hungary and they believe they got an improvement in life. The surprising thing is that this is from south to north, usually northern countries are more unsatisfied, but not in this case, especially Bulgaria. Overall there is a sentiment of "EU bad" but those are usually stuck in TV shows and local elections where there is no space for facts to be pulled up and in many cases the guests are not educated enough to do that. Romania has become the factory of the EU and they have got an infrastructure that was looking impossible in the 90s (even under the corruption levels of Romania by the way). The Baltics have become role models for small countries. Bulgaria has seen life quality improvement that finally bring some people back (life qualities that were introduced as goals from the eu during the entrance of Bulgaria in the EU). Slovenia is rocking the EU privileges like no other country. Slovakia is receiving consistent funding on production. The only countries that are not reporting positives so far is Greece and Croatia. I mean Greece is taking tons of loans from the EU each year and a lot of their economy is based on the fundamental privileges of the EU and Croatia is in a similar case without the loans. Slovenia wouldn't become the richest country of the Balkans if it wasn't for the EU, Estonia wouldn't be a digital welfare state of it wasn't for the EU, Romania wouldn't be a functioning factory if it wasn't for the EU and Poland wouldn't be the next super power of Europe if it wasn't the EU.
The diff between the US and EU is that in the latter, politicians are deciding things that marketers should decide. It is just like in the Soviet union. Five year plans, anyone?
Speaking Portuguese here: the reason for all these issues is because each country thinks nationaly and most countries in central and north europe look down to the rest as if they were lesser nations. They do not realise that those nations are not lesser nations and often times even more capable per individual then them. They however take advantage of lesser numbered populations that despite being hyper productive, cannot be competitive in generating productivity due to its numbers. Example: IT - we see French and German companies taking advantages of the lower wages in Portugal and Poland and despite having WAY more capable people in these places, they still keep management in Germany and France. These companies would thrive way more if the management was present on-site in Portugal and Poland. It is this kind of fragmentation that we see. Burocracy is just a consequence of this way of thinking, not a cause.
Portugal is objectively less productive than countries in northern europe, and the population numbers aren't even in our favour, the Netherlands have a smaller territory, have double the population but their gdp is 5 times ours. Nordic countries like denmark, sweden, norway and finland have a smaller population than ours, but have larger more productive economies. So the reason why we are poorer is not because we are uncapable of working at high levels, or because of a smaller population, it's because our country's institutions make it harder for large companies to grow and settle here. Highly productive companies are less likely to emerge here than in smaller countries that have larger economies, like sweden. Government incompentence, resource management, burocracies, corruption, etc. The mechanical wheels of our government generaly don't run as smoothly as those in central and northern europe. We are also a lot newer to the whole liberal democracy game, we spent the majority of the 20th century under a repressive retrogade regime, unlike many of these richer european nations.
I can only speak as a Swede here, but sentiment is definitely changing in the north. Germany is less liked than ever, people are frowning over their decision to abandon nuclear energy while they now want to buy cheap Swedish electricity to compensate, which would increase electricity prices a lot for regular people in Sweden. Germany is also perceived as stale, "uninnovative" and increasingly backwards politically and economically. When Germany is doing this and Great Britain, who we were the most politically aligned with in the EU parliament, left us to fend for ourselves in the EU after Brexit, people are viewing the more moderate stance of the southern European countries in a more positive light. Especially when a southern European like Mario Draghi presents a good plan for the future of our continent, that is well received in the north.
@@des_moines840 Never said we were giving our support unilaterally. Just that our cultural sentiment is favouring the south at the moment. Swexit is not on the table, there's no popular support for it, nor are any of the parties in the parliament pursuing it. In fact, we're looking to integrate further with the west, politically, culturally and economically, now that we joined NATO.
Let's not forget the key issue here: China has flooded the global market with cheep goods and the EU has comfortably leaned into this without stimulating its own diverse production market. We focus on big industry while smaller diverse enterprises might actually push us out of the deadlock. It needs less resources and together, this cluster of small inovative businesses, can bring in more capital.
As Europeans we need to do as Draghi says. Only a true European Union will save us, otherwise the short-sighted choices of some divisive politicians will inevitably harm us all.
@@gustavthomsen1538 Not at all. EU has no English speaking countries hence we need to change as quick as possible. The English language itself brings toxicity. And those who enjoy English may move where it is a native language.
@@borisnegrarosa9113 If no country in the EU speaks English as their first language doesn't that make a more equitable common language than say, French?
The main factors that leave the EU behind the US are two... very high taxes and excessive bureaucracy. Why would you open a startup in Europe if you can get better conditions elsewhere? For Europe to get out of this problem it has to do LESS, not more.
It's very simple. The EU has to become a country. That is the only way Europe can ever thrive again on the big stage. Central decision making, centralized investments and centralized military command. Right now we are way to ineffective in almost every aspect. Country A wants this, country B wants something else and country C loves Russia. Never going to work.
When I listen to Draghi, his analysis and recommendations for a better Europe make me feel proud once again to be Italian and a committed European, just as he is. We need more Drakes 😉 (Draghi, in Italian) in Europe!
We, as a growing company, are now exploring moving to Europe from the US - odd, I know - but we live here, and we want to make things work here, but the problem is with all the will in the world - it's just so much more complex for no good reason compared to the US. So, how can one do that? What are the steps we can take to adopt instead of talk? Some genuinely great suggestions in this report.
It’s one of the reasons I decided against moving my company to the EU, it’s so complicated, in the USA the process is to streamline and simple, not to mention the gov gives a lot of incentives to small businesses so they can grow
@@danix4883 I get that, truly - but unless you’re a US resident you also take a lot of risk doing that - for example, if you’re not fundraising and building a company in today era where operations are extremely efficient- you might end up without an approved visa. This happened to us, while we have employees and assets in the US - it opened our eyes to how risky it is. On the other side of the coin, someone needs to stand for Europe - we have so much potential, and the younger generation care more about economic growth than regulations - we have to make the change, it’s up to us.
@@salfatigroup I am in a similar situation. Living in US for almost a decade now, and would like to come back to Europe and open an AI business there, for me to come back home and to collaborate to make a stronger EU, but with all the regulations and the next to nothing investment in AI compared to US it seems such a risk compared to here.
@@nrqoro100% agree - but if people like us wont take the risks first there will be no founders, thus no investors, thus no people with the power to change and stop these regulations from consuming our futures
Unfortunately, unlikely that much of this will happen. There is too much division amongst EU members. Without the treaties reforms (which also seems to have died), the EU will continue to take half measures that just prolong it's decline.
You can't have innovation like the US or China as long as taxes and bureaucracy remain high. Also you need a younger population and an elderly population willing to adapt to change (whether that be reforming pensions, embracing contactless technology). With Europe's aging population, it is unlikely they will ever pass necessary reforms thay will make the continent relevant again.
Agree. Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
Amazing report and couldn't agree more. The lack of interest in growth is dragging everyone down, not to mention the disaster of 'degrowth' tried in some places. I would personally say the recycling sector is something the EU could find a gap in the market in, that would greatly benefit its interests. Though we have raw materials, we have an opportunity to use the ones we can't mine, but are in the products we import thereby having more self-sufficiency whilst having the means to keep to economy growing.
He cound have just written one sentence. We need cheap energy (that we lost by snctions and allowing US to blow up the pipeline)not have US puppets at the EU top,aim for higher better education, work together and not against the global majority.
Bad USA presented Germany trade with Russia during war time! That's why I'm happy that we here in Poland are buying American military equipment and not from other EU members - USA is the only reason why Russia was in check, Germany instead focused on enabling Russia - with huge local population support. Personally prefer US puppets than open russophile figures, one is way better than another. Also gas prices are at prewar levels overall. At least on the market, the final consumers pay a lot more but that doesn't have anything to do with actual gas prices. USA is preventing Europe from sucidal actions overall but then again, I remember German reactions when I said 4 years ago that that they pay off cheaper Russian gas with Ukrainian blood. Good to see that there are still people thinking it was worth it.
@@andrzejnadgirl2029 You Poles are just easy to fool bricks in US geopolitical game. And look at how they have treated Ukraine. Nuland and her gang went against much of the EU elite back in 2014 (remember Fuck-EU?)and pushed for the coup that lead to all this mess. And bying extremly expencive and overpriced military equipment is exacly what they like you to do.Their worst nightmare is if EU and Russia was working together, becourse with cheap energy EU could actually be a threat to US industry, now that is gone(at least for many years).🤡🥸
@@juliuszkocinski7478 dude, we aren't using English because of England, it's because it's the global language (mostly due to North American influence on globalization)
@@Lilla88able Of course, I know, but there was a funny debate in UE upon Brexit if Europe should use on its highest level the language no country officially had. Ireland saved the day, but French became somewhat more prominent... But only De Iure
My humble thinking the widening gap is not because of growth but because of EU leaders are working for American interest rather on their own people. I could name so many examples.
Europe needs to do well. I amsay that as a US citizen, albeit living in Asia. The only way to defend against the authoritarianism creeping across the globe is EU, north America, Japan, Australia, SKorea etc working together to keep some semblance of law and order in effect
how you goign to do that when 40% of all new births in many western countries are foreign born? who is going to keep european values going when you are gone in 2 generations?
Maybe first we shoud look invard and improve ourselfs, be neutral and work with others by keeping peace best we can. Let Us fight its own wars if they want.
at this point any step in the right direction is welcomed, we need to get the ball rolling, we'll polish the plan along the way but we really need to start moving forward already
If EU would make private equity investments tax deductible, like in the US, there's no need to spend that much money from EU's budget, because it would attract foreign investments.
europe is getting energy at around the same cost as it was before...you cant keep repeating this nonsense forever; at some point youre going to need to look up the data ivan...
Automation should be a priority. Emigration stalles innovation in that sector because of cheap labor incentive. Europeans are behind because Leaders are still thinking as it is the 8Os, limites to growth, globalisme and other wrong paradigms.
Honestly.. can we drop the thumbnail and slogan 'make europe great again' ?? I mean, it's in EU's best interest not to be caught up in the USA's politics and honestly it makes ties with a very conflicting character from the US. I think there are better slogans to use for the EU. Everytime I read it, I kinda cringe.. 😅
@@davidjennings2179 For that we need more taxes that the rich will anyway find a way to avoid. This way we enrich the big government more on the back of the worker class who pays the taxes. Edit: For anyone else reading this, I apologize. I had the wrong idea.
Actually, at bruegel institute, one of the premier european think tanks they said that europe actually stands ok compared to US. Much of the difference in GDP can be explained by exchange rate and growing us deficit.
Competition should encourage small companies and splitting big tech into small tech. MAANG is basically an oligopoly, that's uncompetitive. The US that's been doing all wrong but everyone just pretends they were right. Instead of focusing on macro economics, look on the standard of living of normal people. I would much rather live in a poor contry and have a good life than in a rich country and be economically miserable.
If in the 90's europe was competitive and leading with higher standard of living with Nokia, Erickson phones, the "web" was created at CERN, it's not possible to invest in R&D to lead again? R&D it's expensive and required, it takes 100 failures to have 1 success, but the 1 success pays with dividends the 100 failures, shouldn't Europe encourage companies that take risks in R&D, what's the benefit of free high quality education if can't be applied in Europe's industry? Big tech fails if they stop innovating, just take a look at Nokia, Erickson, Motorola, Yahoo, MySpace, AltaVista, AOL. Palm, Kodak, now Intel, etc. Europe needs an iPod, iPhone moment like Apple had... it was so close to that list.
Imagine the United State’s GDP without its healthcare industry driving up the cost of healthcare to an unaffordable level? Imagine it if several publicly listed companies who have never made a profit. Were valued more realistically? Imagine if the housing market was made affordable? Imagine if the military industrial complex was not partially privatized and propped up by the national budget:: which is dependent upon these inflated prices and therefore complicit:: for the simple fact that if the United States did not have the inflated GDP that it has::: it would not be able to take out the ever growing astronomical loans necessary to continue functioning as it does. If ANY of those industries actually made sense in their valuation and pricing systems:: the house of cards would crumble.
The fact is that if we do not apply growth policies, including deregulation, we will not heve a better quality of life and we will live in a hellscape.
We will just fall behind and qualitx of life will worsen. In china in 90s people were just Farming and didnt have anything now they can enjoy low level western style of living.
state's interest is to provide service, private's interest is to make profit. these imply a whole range of things so its not like privates are the absolute holy grail.
Agree! Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@Qnexus7 And continuing your own logic: the state is also not the holy grail. So we are back to sqrt(1). So what should the EU do in your opinion. In my opinion: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@tomorrowneverdies567 Yes to military R&D. Decrease military expenditure by making the whole thing common. Become a united subject with real leverage *in* NATO. Private healthcare already exists. Private education already exists. No need to imitate the americans and live also with fear to not getting ill or going to hospital by taxi instead of ambulance, etc. Regulate immigr so that it doesn't cause social erosion, salary race to the bottom and all sorts of problems. "Tax the childless" no, i don't want to live in a place where one day someone will even think to tax me for breathing, so that's not the way. ps. in my country they said "the state mismanages and wastes resources" so they gave the company to privates who ran it into bankruptcy which had to be saved by the state as it had to provide a basic service. they gave the highway to privates who cheapened on maintenance so a highway bridge fell over peoples heads. and so on and so forth, such schemes are the default.
Innovation is not something that is compatible with socialism. Why Europe does not have Facebook, Google, Apple, Microsoft, Nvidia, Tesla, Amazon, etc……, the answer is simple. Socialism stops it from happening. Young people in France put at the top of their wish list to have a government job, security for life, long vacations, early retirement. Innovation is not rewarded and taxed into oblivion.
Reading the comment section i thought no1 gets it! Ty for the comment! If we want Innovation,progress etc we need to secrifice some rights and work longer hours. Not sure how to pull that off in Europe.Lets just saddle for the middle of the Pack maybe cut some regulations so American companies can at least invest!
It is not only about resources: China, US they don't bother thinking about citizens welfare, clean energy, minorities or immigrants.. that is why EU will never be competitive in the long run regarding productivity or the industry
I haven’t yet read the report, but I would like to suggest that the EU should encourage member states to review their internal government agencies, assessing both their contributions to the public good and any instances of wasteful spending. By doing so, we could potentially reduce unnecessary expenditures, which in turn might allow us to lower taxes for citizens, entrepreneurs, and businesses. This could create genuine incentives for innovation and growth while ensuring they remain competitive within the EU without compromising our welfare.
EU with multipolar concepts must focus on trade/co-operation/co-existence with all countries particularly China, Russia & India. Additionally, through an official website allow STEM experts to enter & boost the lack of specialist expertise. Finally, have the courage to say NO to the USA.
sure but its not in china's and particularly russia's interest to deal with EU but rather with single subjects like orban and the likes that they would like to see in power. they are working on divide and conquer for what regards EU.
Especially because the EU has multi-polar concepts it must reject countries that try to force their will on other countries, lest we show to the world we support it and alienate EVERYONE but them. We must reject those countries and support cooperation between ALL countries, and not enable those forcing themselves on others. We must be against China, Russia, Iran, and every other aggressive country.
Not a European here BUT i would say EU should put it's interests up in the list and don't be fools of American(nato) and Israel's games! China and Russia are not your enemies,listen to your people!
It won't happen because most people in Europe don't want it to happen. If you look at Covid, countries worked with the EU to buy vaccines and coordination. If there is no serious threat again, we will continue to walk apart,
That is nonsense. The German and French government actively operated against the first vaccine to hit the market from AstraZenica, they did that because it came from an Anglo-Swedish company. German companies didn't benefit, so the machine went into operation. The campaign in France was so effective a large proportion of the French population distrusted vaccines in general. How many died as a result? Nobody cares, so nobody counted.
Does the average american citizen live a better life because apple makes a trillion a year ? Company profits alone dont translate to well-being for citizens.
the EU first regulated to death digital companies in the EU. Later complaining that the funding in the US is bigger to then propose to spend more tax payer money to foster digital innovation. It's not a money problem, it's a regulation problem. One bad example: the EU was so proud to be first to regulate AI, but nobody knows where this technology will go in the future and which regulation will be actually needed. This is hurting the EU. In 10 years there will be a new report, that the EU is lagging behind in AI and that we best put tax payer money in funding AI ...
if china can do with its people's data whatever it wants even build the next dystopian society, it doesn't mean we should necessarily drop all principles to outcompete them.
Agree! Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@Qnexus7The problem is that these regulations destroy our innovation before we can even create it. If I were to start an AI startup today, I’d have to face so much administrative and regulatory bullshit before I can even think about building my product. Getting funding is a headache because I can’t just receive money from an investor without having to fill out uncanny amounts of paperwork. And then while I develop the product they still don’t go away, it’s just constant inflow of regulation and overall headache, and if I don’t have the money and the resources to deal with all that administration I go out of business. Meanwhile the same startup in the US can do whatever they want. They build themselves up in their countries until they have so much money that they can easily deal with all that headache here and push local businesses away or simply buy them up, because they have the money and the development for that since they don’t spend half their time trying to appease some law or waiting 5 months for some permit to go through. And the data shows it, not a single trillion dollar company was built in the EU. And most of the biggest EU companies were built 50-100 years ago. Meanwhile NVIDIA, a company started around 30 years ago, has a market cap larger than the entire german stock market. And before you say „ohh but americans don’t have worker’s rights, we do!“, you might be right, but the engineers working for nvidia or google all make at least 200k per year, with senior roles pushing the 7 figures. I don’t think there is one company in the EU were you can make this kind of money as a normal employee.
@@alluminiumminimalium700 valid point, i agree. there are many things that need "fixing", regulations bureaucracy is definitely one of them. these are complicated matters and im not a fan of hindering the development side of startups compared to their consequential use and applications. we'll see how things go but ai particularly is the kind of tech that can easily come with a a large bag of problems. some regulation in its use is absolutely necessary. we still have leverage on the global markets so our regulation comes also with some advantages. it might end up benefitting to some degree the development and application of products that are already suited for the market and that the rest of the world will have to comply and readapt one way or another. anyway im not an expert on this, and this is a very complex matter. but some of our regulation is also one of our strengths. but i definitely don't want to see us become only about that. i think its a game of smart balances, focused large scale investments, right amount of labs and private freedoms and so on. but we do need a kick in the butt and valid criticism like the one you brought up is necessary.
Companies leaving Europe for the USA is no surprise, the USA's care for the working class is nowhere near the EU's, therefore it's easier to exploit local workers. And if they can't they go to other countries that do even worse (in terms of production primarily).
Germany's energy strategy is not wrong. The United States is still promoting the use of fossil energy. Europe's problem is the soaring energy costs after the Russian-Ukrainian war, which has led to a lack of cheap production materials for industrial upgrading. Europe cannot have independent politics without an independent army. When the world economy is in crisis, the United States always reaps Europe's capital. This Russian-Ukrainian war is no exception. Europe should wake up.
![[TH] 2024 PMGC League | Survival Stage วันที่ 1 | PUBG MOBILE Global Championship](http://i.ytimg.com/vi/FVFT-PFwU80/mqdefault.jpg)
Draghi’s proposal is clear and insightful. We NEED more cooperation. Alone we are destined to fizzle, together we can thrive. In difference, in culture, in independence, we need to form a united front. Europe stayed on the sidelines for too long. Time to get back to the top.
Together as one!
Please, notice that Draghi calls for increased investments from the private sector. Private means here not only big companies but the people. In the USA there're strong incentives to save and invest your savings. We need fewer regulations on savings and investments, companies would access that way cheaper funding. In general, we need fewer regulations at the EU and at the country level. Regulations are a barrier for EU growing companies to reach consumers. We dont need another NextGen, we need less regulations
Reform the EU into the EI (European Imperium) that focuses on Science, Logic and Reasoning while outlawing everything and everyone that harms Humanity and you have my support.
Praise the Emperor.
All nice and sound until you try to force anyone to abandon their own culture.
Because you can't unite cultures that oppose one another. You just have to let these differences be as they are.
And the reason we are so low on the global market is because of our regulations that either suffocate our business or send them away to countries with less regulations, like US.
Socialism is at fault first and foremost, not the lack of unity.
Not with so high taxation and so many bad things our "beloved" politicians are doing.
Northern Europe for northern european people.
Greetings from Greece!
I'll never understand why Draghi is the one proposing stuff and not the one deciding stuff. We need him and people with his mindset and experience to lead Europe, not just sitting behind and just continuing to propose without being listened.
it all stems from the same issue. Member states are often lead by populists and very social heavy parties, which will for sure go against all of these ideas, since they are all short sighted or straight up ignorant or uneducated on economic subjects.
Because he is an unelected bureaucrat and in the EU decision have to be made through some form of democratic process either through the flawed European council or better through the European Parliament.
Hopefully the European commission will propose policies to both these bodies using Mario Draghi suggestions, but it's not reasonable to have him be the decider on policies of this scale.
Who voted for this man? I didn't. Greetings from Greece.
He was a horrible leader during his tenure as the Italian PM
@@tomorrowneverdies567 I hope you didn't read my comment, otherwise you simply lack the ability of understanding what you read. I'll try again: no one voted for Mario Draghi because he wasn't a candidate. He isn't elected anywhere. I wonder why not a single party asks him and like-minded people to be their candidates, just to pay them later to "give advice" they'll never follow anyway.
Get this man a leadership position
His country preferred Giorgia Meloni over him 🤷♂️ Let’s see how that plays out.
President of european union 🇪🇺
He was not a candidate@@lucasbastos10
@@lucasbastos10just because he’s not a “populist politician”. Majority of people here still want him as pm
A look at German reaction to tech...shutting nuclear, switching back to coal, burning cars at the cleanest car factory in Europe...suggests an attitude to tech. Switching the focus away from Germany seems necessary. Other European countries are more pro tech. Germany is leading Europe the wrong direction.
Germany isn't leading EUrope anywhere... it's being left behind by surrounding countries.
The issue in Germany had been less the shut down of nuclear energy and more the fact that the renewable transition had been asleep since 2011 and austerity policy had been implemented.
Only in the last two years certain factors of said policy have changed, RE is booming and the political atmosphere has moved from pro austerity to anti austerity (despite the ignorance of our finance minister)
@@Fredy2006Fedy That's denial. Electricity grids need dependable baseload. Since hydro is already built where possible and network storage isn't feasible at any large scale, you're either burning stuff or operating nuclear reactors. You can choose carbon, uranium or making do with much less energy. We need to be real here, and grids that ran exclusively on hydro, solar and wind are just not possible, and that's before even considering electrifying vehicles.
All governments are leading Europe to the wrong direction!
@@Fredy2006Fedymate, nuclear was shut down and nothing can compete with a running nuclear power plant in terms of cost ever. The biggest problem of nuclear is building the plants, and Germany shut down running and perfectly good nuclear power plants. Complete choas.
Let him replace Ursula
If you watch Mr. Draghi's recent speech you'll notice Mrs. Von der Leyen's warm introduction of him. It thus seems like they are very much in agreement about what kind of change is needed
Let's hope Europe starts to act now. We need to rebound from stagnation and austerity, and individual countries are not capable of this. Only a strong union can face the challenges ahead.
Correction: A strong Imperium can face these challenges!
There's no strong Union, the money that came from European countries was used to take care of the rest of the world, including Hamas, and Gaza, etc., Europeans were neglected by EU/Germans, Ursula VD.
It's time we looked at EU and where our money is going!
Biggest hurdle to this is PfE and ESN.
They won't acknowledge the problem.
But that doesn't mean that I am a fam of EPP and S&D.
@@architkumarsingh4547 I think I align most with S&D but not on everything. Nevertheless I agree: The biggest threats are PfE and ESn. They are useful idiots acting in Russia's interests
I'm Portuguese first, European second. Keep your globalist agenda out of this country.
they make europe for old people. Europe must be turned into a place for growth of new people.
That's the only way the energy will be put back on.
And how can this be done?
@@tomorrowneverdies567 diverting the money from retirement and dividends to high salary and apprenticeship to increase new tech and productivity… and once the activity is really high again thanks to that massive investment we will increase the retirement money again because the productivity will allow it. I am saying this because the money from retirement at some point will outgrow the money made by the youth so the taxation will be so high they will all move to the USA or Luxembourg or Swiss which is impractical… the way only I see Europe catching up with the USA and China is momentarily for at least 10 years massively invest in youth their education the productivity, equipments, the salaries high enough to actually have kids… all those things that make people work harder… also invest more in R and D to counter the high money in MIT and stanford. Actively steal talents from taiwan and the usa create visa that ease up red carpet treatment for those high impact individuals… but europe will never do tgst. youth do not lead europe only grey flamboyant hair do that
@@tomorrowneverdies567 reduce retirement increase investment for young people and the future. If people have high enough salaries a business developing for the entry years they will make more babies
@@tomorrowneverdies567 invest in the future not the past increase productivity is mandatory otherwise it’s dead one active is supporting some elders but in the future it will be a lot I say . Reduce retirement now invest more generate more so that retirement can be increased later
@@TheBlackManMythLegend no they won't unfortunately. Because they like watching TH-cam more than raising crying babies.
It might look like a titanic challenge ahead of us, but isn't it hopeful to have the opportunity to build this together? We are more united than ever before. We have the vision, the talent, and the need. This is how the great comebacks begin. Let's do it and convince the rest of European powers that it is better to join. United we will flourish.
Draghi is a real European legend
Horror one
@DanaProca-x6i No, a hero
I’ve been hopping for this video! It explained it perfectly Ty :)
Europe must become a SINGLE market!
It already is, but without a fiscal union it's a paradox. That can only produce a badly warped market.
3:00 The US tech companies uses much better methodologies than here in the EU. I used to always work for EU companies with outdated methodologies, but after I worked for a hudge US company I realised how less I know. Now I am back and I am sure, the EU is fragmented and not work as one unit and this is applied to the tech industry too.
can you give example
What do you even mean with methodologies? US and high growth companies are often influenced about the latest bestseller in consultancy, but I wouldn't call that innovation or a good thing for productivity.
@@MtJochem trunk based development, squad based agile, ab testings, micro front-ends, these just a few examples of things that I used while I worked for US companies. 2 years ago I returned and now I see that here people uses the same technologies as in 2012: 3 tier apps monolitic apps with copy deployment to servers, single weeks sprints without estimations, non-automatic tests, etc. etc. I checked what they use in12 other companies and is still the same as 10-12 years ago.
I have had the opposite experience. US firms where they hire new managers every two years, make a change (good or bad), write it on their cv, and then get a new manager job, further up the ladder.
There is such a massive difference in work culture depending on where you work. In Germany where nobody switches their jobs, and in Spain where you're fired at the drop of a hat
Draghi is probably the knly person with such a respect within the EU. As I don't agree with some of the points of his plan, it's still a great one.
Finally someone in the EU, I can agree with.
A real competent EU Leader
800 billion annually for how long? Overall I think Draghi is spot on. The Europe needs investment.
5 to 10 years probably
We lost 15% of gdp (respect to US) in 20 years. This lost has a name: Angela Merkel and her austerity.
Look at the inflation adjusted GDP per capita and recoil in horror.
It is not that simple. Greece and Italy have been overspending for decades and have never been innovative or competitive.
Absolutely 💯 she destroyed Europe
That’s a bold claim. While austerity under Merkel certainly did play a role, it's more complex than that. The EU's economic performance is influenced by many factors, including global trade, technological changes, and demographic shifts. Breaking it all down it to just austerity misses the bigger picture.
@@tomy34188 Merkel destroyed Germany and Europe
They should also apply harsher sanctions against state members that don't stay within the deficit margins and don't uphold the rule of law. I am from Romania and the government public spending and inflation have gone through the roofs. All because of corrupt and incompetent politicians that don't care about economic growth and justice.
Oh they care about economic growth in Romania (apparently). But they also care about things that are obscure to us "simple" people, as is evident in their immigr. policies in western Europe.
Greetings from Greece.
What are you talking about? Here the whole point is to increase debt and spend it on innovation so we can remain competitive. US and China are spending like crazy. I just wish that not all of this money will go to Western EU, it should go to the best companies but that's hard to judge.
Absolutely not. Look at happened to Argentina
It has been proven times and times again that trying to stick to deficit margins can actually hurt the growth of a country and eventually create stagnation. The reason Poland moved up so much was because they had an increased spending for investments that eventually brought in many companies.
Actually same happens with Romania the amount of jobs created the last 10 years are a result of high amount of spending and Romania is not a small player anymore in the EU.
Corruption is a different beast though, that can create issues and definitely Europe should do more on that front, then again that has caused a huge wave of anti establishment movements, so it is a double edged sword.
Another case of "I want a country like outside" it seems, look at the UK how well is it doing with even the government refusing to spend a penny more, 3 cities filled for bankruptcy, none can afford a home anymore and the economy is in shambles.
While Romania has driven investors interest into its economy by being the first to invest in its economy.
Since the 2000 the economic system didn't work on what money you had, the American banks realized that and started exploiting the system which led to the 2008 crash.
Today the game of economics isn't only about how much money you have it's about how much money you would be able to make.
Hope this plan gets put into action!
I hope it does not. For a fundamental reason most nations in the EU are barely able to sustain their national debt as it is grabbing another creditcard will just result in their children or grandchildren being stuck with the bill.
@@larsdekoff3028that’s not true. We need investments!
@@RasmusWitzig not saying we don't i am just against debt sharing because i do not the reason why my countey would underwrite the debt of country's. Who were just a few years ago on the edge of being bankrupt and still have a unsustainable amount of debt as is. I also notice these country's are ageing and they lack a well funded pension system what means that it will be payed from the national budget only making them a worse financial risk for my country.
@@RasmusWitzigtoo late. Eu is done
I saw that the German finance minister already said no to this :(
well, if it's any good news, the next election is in a year - he's definitely not going to be in power then, and maybe if political messaging is done correctly he'll try uturning on his stance before then
Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@tomorrowneverdies567 clown.
They always say no. 😂
Good. Southerners would just be spending Northerners' money.
Draghi should be the EU commission president! Not Von Der Leyen!!!
Not from me. Although I believe they are the same cr*p. Greetings from Greece!!!
Who voted for them? I sure didn't. Did you?
@@Hardcore_Remixer_Alt_Acc well we voted for the deputies in the EU parliament, the deputies therefore voted for them! that's how it functions pretty much in every parliamentary democracy!
@@fotoniknoise Do we know whom each deputy voted? No. This means we don't know for sure where our votes ended up in the end.
What kind of democracy is it if you don't know what you voted for as the end result? Answer: it isn't democracy!
@@Hardcore_Remixer_Alt_Acc yeah but you know the party you voted right? Von Der Leyen was voted by the parties similar to her agenda in the EU parliament that the citizens chose! So yeah, in a way you know how she got there
Thank you, from Portugal!
Eu❤
That's dictator talk.
@@lovelybitofbugle6762says the guy who's as old as the russian invasion on Ukraine
@@KaloyanKasabov oh come on. Surely you agree? Its usually only people in dictatorships that praise their leaders as much as eu citizens.
@@lovelybitofbugle6762 where did they mention a leader? The EU is not a person.
@@ldubt4494 Have you ever criticised the eu?
They do! I like Draghi's proposals! Time to simplify and unite (through tech!) What is it that Europe together could aim for, eyes on the prize will always make people rise 🙌🏻.
Comparing GDPs is not the only indicator to be taken into account. One must also compare quality of life, social security, environment, living standards, food production etc. I am sure that in spite of Europe's high density of occupation, standards are higher in Europe than in China and the US.
Yes which is great, i strongly believe that the EU should lead the world instead of the US because we're the only ones that are reasonable and wish to create a good world for everyone, opposed to the US and China that want global domination so their elites can profit.
The reality however, is that Europe has fallen behind so much that at this rate we will never regain global power as many of our individual countries once had, the netherlands, france germany....
We have learned our lessons from the past and are now stuck watching the current global leaders repeat the mistakes we made 100's of years ago. It is in humanity's best interest that a union of culturally different nations where all different opinions can exist and are heard, comes on top again.
@@chaoticdanorI’m sure former colonies in Africa would disagree with that. Europe did a lot of plundering that did not benefit the people of Africa
Thats cope. Our quality of life in the EU has decreased/stagnated while it imcreased in the US. We can't sustain this quality of life much longer if things keep happening the way they are
If there is no growth in tech, energy and security how will be maintained the quality of life, social security, living standards, etc in EU? EU had it all, was leading, was competitive with higher quality of life now it's losing ground 20 years strait. Do you remember when EU was leading with Nokia and Erickson phones, that it's tech, that it's lost, next it's European automobile industry, if EU does not invest in research and development of tech, energy and security to lead and compete in a near future will lose it all, the quality of life, social security, living standards, sacrifice the environment, food production, etc. "One must also compare" it's irrelevant and pointless when comparing China and US lead in those sectors.
@@chaoticdanor Americans are far more lavish than Europeans. American consume a lot more.
Very useful, clear and informative insight. Thank you for this kind of content
thanks eu made simple
Two main obstacles: populists in member states and distance between EU citizens and EU institutions
0:27 remember the EU expanded & took in many Eastern & central European countries with underdeveloped economies & also lost the UK the 2nd largest economy in Europe between 2002 & 2023
The EU member states were more concerned with the wants of German hobby farmers in the South and France's obsession with its pastoral image than with the realities of adapting to the realities of the "Eastern Accessions". The same goes for Russia and the former Yugoslavia. Reality was ignored in favour of... what?
Undeveloped? Really? If you ask those very same countries, the conditions now are much worse. Every single sector went into abys, especially the agriculture. Import bad quality products from countries that have a bad climate and the conditions to grow such products are not sustainable. However the locals are being closed or pushed to such demands in order to cover EU regulations, that in the end the result was just shutting down. EU understanding for economy is globalisation, which basically end up to one certain thing : Import from China.
@@name_it Nonsense
@@zdravkodomic5029 exactly. It was a nonsense. Less regulations, less dependency on USA and China and EU will stand up. (wink)
@@name_itactually every single eastern European country have a favourable view in the EU except from Hungary and they believe they got an improvement in life.
The surprising thing is that this is from south to north, usually northern countries are more unsatisfied, but not in this case, especially Bulgaria.
Overall there is a sentiment of "EU bad" but those are usually stuck in TV shows and local elections where there is no space for facts to be pulled up and in many cases the guests are not educated enough to do that. Romania has become the factory of the EU and they have got an infrastructure that was looking impossible in the 90s (even under the corruption levels of Romania by the way). The Baltics have become role models for small countries. Bulgaria has seen life quality improvement that finally bring some people back (life qualities that were introduced as goals from the eu during the entrance of Bulgaria in the EU). Slovenia is rocking the EU privileges like no other country. Slovakia is receiving consistent funding on production.
The only countries that are not reporting positives so far is Greece and Croatia. I mean Greece is taking tons of loans from the EU each year and a lot of their economy is based on the fundamental privileges of the EU and Croatia is in a similar case without the loans.
Slovenia wouldn't become the richest country of the Balkans if it wasn't for the EU, Estonia wouldn't be a digital welfare state of it wasn't for the EU, Romania wouldn't be a functioning factory if it wasn't for the EU and Poland wouldn't be the next super power of Europe if it wasn't the EU.
The diff between the US and EU is that in the latter, politicians are deciding things that marketers should decide. It is just like in the Soviet union. Five year plans, anyone?
Speaking Portuguese here: the reason for all these issues is because each country thinks nationaly and most countries in central and north europe look down to the rest as if they were lesser nations. They do not realise that those nations are not lesser nations and often times even more capable per individual then them. They however take advantage of lesser numbered populations that despite being hyper productive, cannot be competitive in generating productivity due to its numbers.
Example:
IT - we see French and German companies taking advantages of the lower wages in Portugal and Poland and despite having WAY more capable people in these places, they still keep management in Germany and France. These companies would thrive way more if the management was present on-site in Portugal and Poland.
It is this kind of fragmentation that we see. Burocracy is just a consequence of this way of thinking, not a cause.
Portugal is objectively less productive than countries in northern europe, and the population numbers aren't even in our favour, the Netherlands have a smaller territory, have double the population but their gdp is 5 times ours. Nordic countries like denmark, sweden, norway and finland have a smaller population than ours, but have larger more productive economies.
So the reason why we are poorer is not because we are uncapable of working at high levels, or because of a smaller population, it's because our country's institutions make it harder for large companies to grow and settle here.
Highly productive companies are less likely to emerge here than in smaller countries that have larger economies, like sweden.
Government incompentence, resource management, burocracies, corruption, etc. The mechanical wheels of our government generaly don't run as smoothly as those in central and northern europe.
We are also a lot newer to the whole liberal democracy game, we spent the majority of the 20th century under a repressive retrogade regime, unlike many of these richer european nations.
I can only speak as a Swede here, but sentiment is definitely changing in the north. Germany is less liked than ever, people are frowning over their decision to abandon nuclear energy while they now want to buy cheap Swedish electricity to compensate, which would increase electricity prices a lot for regular people in Sweden. Germany is also perceived as stale, "uninnovative" and increasingly backwards politically and economically. When Germany is doing this and Great Britain, who we were the most politically aligned with in the EU parliament, left us to fend for ourselves in the EU after Brexit, people are viewing the more moderate stance of the southern European countries in a more positive light. Especially when a southern European like Mario Draghi presents a good plan for the future of our continent, that is well received in the north.
@@Bragossowe do not want/need your support in southern europe. You could make swedexit and we wouldn't care at all
@@des_moines840 Never said we were giving our support unilaterally. Just that our cultural sentiment is favouring the south at the moment. Swexit is not on the table, there's no popular support for it, nor are any of the parties in the parliament pursuing it. In fact, we're looking to integrate further with the west, politically, culturally and economically, now that we joined NATO.
Let's not forget the key issue here: China has flooded the global market with cheep goods and the EU has comfortably leaned into this without stimulating its own diverse production market. We focus on big industry while smaller diverse enterprises might actually push us out of the deadlock. It needs less resources and together, this cluster of small inovative businesses, can bring in more capital.
As Europeans we need to do as Draghi says. Only a true European Union will save us, otherwise the short-sighted choices of some divisive politicians will inevitably harm us all.
We also need to stop using English as main language because we are not Anglo-Saxons.
@@borisnegrarosa9113 And switch to what? English is the modern lingua franca, this is just about the least important thing to change.
@@gustavthomsen1538 Not at all. EU has no English speaking countries hence we need to change as quick as possible. The English language itself brings toxicity. And those who enjoy English may move where it is a native language.
@@borisnegrarosa9113 If no country in the EU speaks English as their first language doesn't that make a more equitable common language than say, French?
@@borisnegrarosa9113yeah Europe lasst uns von nun an Deutsch sprechen
Draghi is 100% right
One of the few prepared visionary
The main factors that leave the EU behind the US are two... very high taxes and excessive bureaucracy.
Why would you open a startup in Europe if you can get better conditions elsewhere? For Europe to get out of this problem it has to do LESS, not more.
Workers rights are there aswell , working hours , vacation time etc dont ignore the biggest reason!
Thanks! Great video! :)
Lord Elrond was also clear: You will unite OR you will fall!
It's very simple. The EU has to become a country. That is the only way Europe can ever thrive again on the big stage. Central decision making, centralized investments and centralized military command. Right now we are way to ineffective in almost every aspect. Country A wants this, country B wants something else and country C loves Russia. Never going to work.
When I listen to Draghi, his analysis and recommendations for a better Europe make me feel proud once again to be Italian and a committed European, just as he is. We need more Drakes 😉 (Draghi, in Italian) in Europe!
Draghi just want save his Italy with EU money....
@@XY-uc1tw Ok bot
@@Blank-lp4fz you are a bot....
@@Blank-lp4fzhe is right tho. As an italian
MARIO is so confused that he'll never fix anything if he don't know where the problems lying
I am happy that some leaders actually know what they are doing. We can do it, together.
What exactly is Draghi leading??
Europe suffers on monopoly tyranies in economic competition.
his assesment is accurate and true, we nned to become idependent and solve oour problems at all costs
Who would have thought that self imposed austerity would slow down growth and eventually lead to our loss of competitiveness
We, as a growing company, are now exploring moving to Europe from the US - odd, I know - but we live here, and we want to make things work here, but the problem is with all the will in the world - it's just so much more complex for no good reason compared to the US. So, how can one do that?
What are the steps we can take to adopt instead of talk? Some genuinely great suggestions in this report.
It’s one of the reasons I decided against moving my company to the EU, it’s so complicated, in the USA the process is to streamline and simple, not to mention the gov gives a lot of incentives to small businesses so they can grow
@@danix4883 I get that, truly - but unless you’re a US resident you also take a lot of risk doing that - for example, if you’re not fundraising and building a company in today era where operations are extremely efficient- you might end up without an approved visa. This happened to us, while we have employees and assets in the US - it opened our eyes to how risky it is.
On the other side of the coin, someone needs to stand for Europe - we have so much potential, and the younger generation care more about economic growth than regulations - we have to make the change, it’s up to us.
@@salfatigroupyou should choose an asean country. It's gonna be easier
@@salfatigroup I am in a similar situation. Living in US for almost a decade now, and would like to come back to Europe and open an AI business there, for me to come back home and to collaborate to make a stronger EU, but with all the regulations and the next to nothing investment in AI compared to US it seems such a risk compared to here.
@@nrqoro100% agree - but if people like us wont take the risks first there will be no founders, thus no investors, thus no people with the power to change and stop these regulations from consuming our futures
Made "simple" is an understatement. A detriment
Unfortunately, unlikely that much of this will happen. There is too much division amongst EU members. Without the treaties reforms (which also seems to have died), the EU will continue to take half measures that just prolong it's decline.
You can't have innovation like the US or China as long as taxes and bureaucracy remain high.
Also you need a younger population and an elderly population willing to adapt to change (whether that be reforming pensions, embracing contactless technology). With Europe's aging population, it is unlikely they will ever pass necessary reforms thay will make the continent relevant again.
Agree. Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@tomorrowneverdies567 Where does decreasing military expenditure get you?
@@tomorrowneverdies567Okay Mr. Xi Putin.
@@davidjennings2179 obviously less taxation.
@@EA-js1me Okay Mrs. Kamala Trump.
Amazing report and couldn't agree more. The lack of interest in growth is dragging everyone down, not to mention the disaster of 'degrowth' tried in some places. I would personally say the recycling sector is something the EU could find a gap in the market in, that would greatly benefit its interests. Though we have raw materials, we have an opportunity to use the ones we can't mine, but are in the products we import thereby having more self-sufficiency whilst having the means to keep to economy growing.
He cound have just written one sentence. We need cheap energy (that we lost by snctions and allowing US to blow up the pipeline)not have US puppets at the EU top,aim for higher better education, work together and not against the global majority.
Bad USA presented Germany trade with Russia during war time!
That's why I'm happy that we here in Poland are buying American military equipment and not from other EU members - USA is the only reason why Russia was in check, Germany instead focused on enabling Russia - with huge local population support.
Personally prefer US puppets than open russophile figures, one is way better than another.
Also gas prices are at prewar levels overall. At least on the market, the final consumers pay a lot more but that doesn't have anything to do with actual gas prices.
USA is preventing Europe from sucidal actions overall but then again, I remember German reactions when I said 4 years ago that that they pay off cheaper Russian gas with Ukrainian blood. Good to see that there are still people thinking it was worth it.
@@andrzejnadgirl2029 You Poles are just easy to fool bricks in US geopolitical game. And look at how they have treated Ukraine. Nuland and her gang went against much of the EU elite back in 2014 (remember Fuck-EU?)and pushed for the coup that lead to all this mess. And bying extremly expencive and overpriced military equipment is exacly what they like you to do.Their worst nightmare is if EU and Russia was working together, becourse with cheap energy EU could actually be a threat to US industry, now that is gone(at least for many years).🤡🥸
@@andrzejnadgirl2029 Remember when the Americans warned about overreliance of Russian gas. Well they were right lol.
when the tide recedes , it is revealed who is swimming naked
Europe needs a common link language so that people can move and work anywhere without issues for jobs, higher education, etc
that language is obviously English, even now
It's weirdly embarassing since actual England left, but...
Yeah, English.
@@juliuszkocinski7478 dude, we aren't using English because of England, it's because it's the global language (mostly due to North American influence on globalization)
@@Lilla88able Of course, I know, but there was a funny debate in UE upon Brexit if Europe should use on its highest level the language no country officially had. Ireland saved the day, but French became somewhat more prominent... But only De Iure
Let us work together more and without depending on America. I love the EU but I also love it enough to know that we need some kind of change.
Energies are too expensive. Here I solved it.
My humble thinking the widening gap is not because of growth but because of EU leaders are working for American interest rather on their own people. I could name so many examples.
This is a clear road for a more federal Europe, and i m full woth it
From Greece, not.
@@tomorrowneverdies567 Leave then.
@@BigBoy-ql5rn as soon as it is optimal for me, I will make sure we will!!
@@BigBoy-ql5rn How marxist of you.
You'l have to get your hands dirty and kick us out yourself.
From Romania.
@@tomorrowneverdies567your economy is bad although you are in the EU. When you leave your economy will fall. We will not miss you
insightful video
Europe needs to do well. I amsay that as a US citizen, albeit living in Asia. The only way to defend against the authoritarianism creeping across the globe is EU, north America, Japan, Australia, SKorea etc working together to keep some semblance of law and order in effect
how you goign to do that when 40% of all new births in many western countries are foreign born? who is going to keep european values going when you are gone in 2 generations?
Maybe first we shoud look invard and improve ourselfs, be neutral and work with others by keeping peace best we can. Let Us fight its own wars if they want.
@@CaDzA818 I'm Buddhist so I'm a strong believer in focusing on self. But in foreign policy, dealing with fascism, that just doesn't work.
@@williamtell5365asean is going to beat the eu
Great Mario!
What Draghi said nothing new. Europa is done. All the big companies left, as we have no cheep energy, no cheep labor and we are after… nothing new.
at this point any step in the right direction is welcomed, we need to get the ball rolling, we'll polish the plan along the way but we really need to start moving forward already
If EU would make private equity investments tax deductible, like in the US, there's no need to spend that much money from EU's budget, because it would attract foreign investments.
foreign investments mean Chinese and American ownership😂
This is a great idea, we need more cooperation, and eu self sufficiency
Oh wow. We use a lot of foreign resources
More cooperation, more deregulation, less socialism.
Cheap energy is the key.
Oh wait, we cant buy Russian gas directly from Russia, only via middle men.
europe is getting energy at around the same cost as it was before...you cant keep repeating this nonsense forever; at some point youre going to need to look up the data ivan...
If cheap energy is the only ingredient for growth, why did Russia’s economy flatline for two decades? Never gonna get cheaper gas than in Russia.
Great shit!
Automation should be a priority. Emigration stalles innovation in that sector because of cheap labor incentive. Europeans are behind because Leaders are still thinking as it is the 8Os, limites to growth, globalisme and other wrong paradigms.
Europe is a colony of usa
Couldn't agree more to be honest!
"how do we grow again?"
Hey I know, we'll decarbonize! That'll show those Americans. Hilarious lol.
It’s about time !
Honestly.. can we drop the thumbnail and slogan 'make europe great again' ?? I mean, it's in EU's best interest not to be caught up in the USA's politics and honestly it makes ties with a very conflicting character from the US. I think there are better slogans to use for the EU. Everytime I read it, I kinda cringe.. 😅
How about "Northern Europe for northern european people only"?
Greetings from Greece.
How about "European countries for European people"?
How about "keep the rich, rich?"
I don't know what it should be, like that's for the author/creator.. but I believe 'make ... great again' is tainted.
@@davidjennings2179 For that we need more taxes that the rich will anyway find a way to avoid. This way we enrich the big government more on the back of the worker class who pays the taxes.
Edit: For anyone else reading this, I apologize. I had the wrong idea.
Actually, at bruegel institute, one of the premier european think tanks they said that europe actually stands ok compared to US. Much of the difference in GDP can be explained by exchange rate and growing us deficit.
We need more Europe! Europe must be a country with the countries of now then being states
Vote Volt therefore!
I don't think I ever agreed more with a politician in my life...
Wish we could have started implementing these recomendations 5 minutes ago.
Competition should encourage small companies and splitting big tech into small tech. MAANG is basically an oligopoly, that's uncompetitive. The US that's been doing all wrong but everyone just pretends they were right. Instead of focusing on macro economics, look on the standard of living of normal people. I would much rather live in a poor contry and have a good life than in a rich country and be economically miserable.
If in the 90's europe was competitive and leading with higher standard of living with Nokia, Erickson phones, the "web" was created at CERN, it's not possible to invest in R&D to lead again? R&D it's expensive and required, it takes 100 failures to have 1 success, but the 1 success pays with dividends the 100 failures, shouldn't Europe encourage companies that take risks in R&D, what's the benefit of free high quality education if can't be applied in Europe's industry? Big tech fails if they stop innovating, just take a look at Nokia, Erickson, Motorola, Yahoo, MySpace, AltaVista, AOL. Palm, Kodak, now Intel, etc. Europe needs an iPod, iPhone moment like Apple had... it was so close to that list.
@@dvdmgl2 well tbf half of it was stuck under communism so
I think he has some really good points wich we should implement asap.
Forget about GDP. It is not a very real world example on how good an economy is truly doing, and a country in general. Even economists say this.
Imagine the United State’s GDP without its healthcare industry driving up the cost of healthcare to an unaffordable level? Imagine it if several publicly listed companies who have never made a profit. Were valued more realistically? Imagine if the housing market was made affordable? Imagine if the military industrial complex was not partially privatized and propped up by the national budget:: which is dependent upon these inflated prices and therefore complicit:: for the simple fact that if the United States did not have the inflated GDP that it has::: it would not be able to take out the ever growing astronomical loans necessary to continue functioning as it does.
If ANY of those industries actually made sense in their valuation and pricing systems:: the house of cards would crumble.
I’d rather have a better quality of life in the EU than live in the barely regulated hellscape that is the US.
The fact is that if we do not apply growth policies, including deregulation, we will not heve a better quality of life and we will live in a hellscape.
We will just fall behind and qualitx of life will worsen. In china in 90s people were just Farming and didnt have anything now they can enjoy low level western style of living.
In what sense is the US "barely regulated"?
Qualified majority voting now !! Please :)
There is no bright future for EU if there is no cooperation with Russia, Trade or if Russia stay enemy. It's just not possible. Its huge loss.
Bullshit. We don’t need Russia and we don’t want Russia.
Three decisive years we lost in naive misunderstanding of comming challenges, so, it is too late now to "be poactive"...
The government should back off, reduce regulations and taxes and let the private sector take care of all of this
state's interest is to provide service, private's interest is to make profit. these imply a whole range of things so its not like privates are the absolute holy grail.
Yes, because that has worked for.. no one ever apart from the already wealthy.
Agree! Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@Qnexus7
And continuing your own logic: the state is also not the holy grail. So we are back to sqrt(1).
So what should the EU do in your opinion.
In my opinion: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless.
Greetings from Greece.
@@tomorrowneverdies567 Yes to military R&D. Decrease military expenditure by making the whole thing common. Become a united subject with real leverage *in* NATO. Private healthcare already exists. Private education already exists. No need to imitate the americans and live also with fear to not getting ill or going to hospital by taxi instead of ambulance, etc. Regulate immigr so that it doesn't cause social erosion, salary race to the bottom and all sorts of problems. "Tax the childless" no, i don't want to live in a place where one day someone will even think to tax me for breathing, so that's not the way.
ps. in my country they said "the state mismanages and wastes resources" so they gave the company to privates who ran it into bankruptcy which had to be saved by the state as it had to provide a basic service.
they gave the highway to privates who cheapened on maintenance so a highway bridge fell over peoples heads.
and so on and so forth, such schemes are the default.
Innovation is not something that is compatible with socialism. Why Europe does not have Facebook, Google, Apple, Microsoft, Nvidia, Tesla, Amazon, etc……, the answer is simple. Socialism stops it from happening. Young people in France put at the top of their wish list to have a government job, security for life, long vacations, early retirement. Innovation is not rewarded and taxed into oblivion.
Reading the comment section i thought no1 gets it!
Ty for the comment!
If we want Innovation,progress etc we need to secrifice some rights and work longer hours.
Not sure how to pull that off in Europe.Lets just saddle for the middle of the Pack maybe cut some regulations so American companies can at least invest!
It is not only about resources: China, US they don't bother thinking about citizens welfare, clean energy, minorities or immigrants.. that is why EU will never be competitive in the long run regarding productivity or the industry
Exactly
what? China has a robust welfare program and immigrants literally made the US and continue to benefit its growth and innovation.
I haven’t yet read the report, but I would like to suggest that the EU should encourage member states to review their internal government agencies, assessing both their contributions to the public good and any instances of wasteful spending. By doing so, we could potentially reduce unnecessary expenditures, which in turn might allow us to lower taxes for citizens, entrepreneurs, and businesses. This could create genuine incentives for innovation and growth while ensuring they remain competitive within the EU without compromising our welfare.
Oh, and immigration from MENA needs to stop. Immediately.
they needed to hire someone to tell them that ? These guys are really useless
More on Draghi's proposal please
EU with multipolar concepts must focus on trade/co-operation/co-existence with all countries particularly China, Russia & India.
Additionally, through an official website allow STEM experts to enter & boost the lack of specialist expertise.
Finally, have the courage to say NO to the USA.
Europeans will say no to Americans until they need our money and Russia starts to invade.
Americans need the courage to say no to Europeans too.
sure but its not in china's and particularly russia's interest to deal with EU but rather with single subjects like orban and the likes that they would like to see in power. they are working on divide and conquer for what regards EU.
Especially because the EU has multi-polar concepts it must reject countries that try to force their will on other countries, lest we show to the world we support it and alienate EVERYONE but them. We must reject those countries and support cooperation between ALL countries, and not enable those forcing themselves on others.
We must be against China, Russia, Iran, and every other aggressive country.
lol. work... with russia.... did your brain get fried or something?
EU must be an ally to USA
Not a European here BUT i would say EU should put it's interests up in the list and don't be fools of American(nato) and Israel's games! China and Russia are not your enemies,listen to your people!
It won't happen because most people in Europe don't want it to happen. If you look at Covid, countries worked with the EU to buy vaccines and coordination. If there is no serious threat again, we will continue to walk apart,
That is nonsense. The German and French government actively operated against the first vaccine to hit the market from AstraZenica, they did that because it came from an Anglo-Swedish company. German companies didn't benefit, so the machine went into operation. The campaign in France was so effective a large proportion of the French population distrusted vaccines in general. How many died as a result? Nobody cares, so nobody counted.
Its about time 10 years late i suppose!
Vote Volt if you want his policies implemented. They have been proposing a 5% investment since 2019🎉
And also open borders with Africa and European genocide. No thanks
Does the average american citizen live a better life because apple makes a trillion a year ? Company profits alone dont translate to well-being for citizens.
Am I actually the only who thinks this plan is bad?
We need 3 guys like him.
the EU first regulated to death digital companies in the EU. Later complaining that the funding in the US is bigger to then propose to spend more tax payer money to foster digital innovation. It's not a money problem, it's a regulation problem. One bad example: the EU was so proud to be first to regulate AI, but nobody knows where this technology will go in the future and which regulation will be actually needed. This is hurting the EU. In 10 years there will be a new report, that the EU is lagging behind in AI and that we best put tax payer money in funding AI ...
if china can do with its people's data whatever it wants even build the next dystopian society, it doesn't mean we should necessarily drop all principles to outcompete them.
EU regulation is not the problem, it is the lack of regulation protecting the interests of their citizens in the US and China.
Agree! Also: Yes to military R&D. Decrease military expenditure. Leave NATO. Private healthcare. Private education. Ban immigr. Tax the childless. Greetings from Greece.
@@Qnexus7The problem is that these regulations destroy our innovation before we can even create it.
If I were to start an AI startup today, I’d have to face so much administrative and regulatory bullshit before I can even think about building my product. Getting funding is a headache because I can’t just receive money from an investor without having to fill out uncanny amounts of paperwork. And then while I develop the product they still don’t go away, it’s just constant inflow of regulation and overall headache, and if I don’t have the money and the resources to deal with all that administration I go out of business.
Meanwhile the same startup in the US can do whatever they want. They build themselves up in their countries until they have so much money that they can easily deal with all that headache here and push local businesses away or simply buy them up, because they have the money and the development for that since they don’t spend half their time trying to appease some law or waiting 5 months for some permit to go through.
And the data shows it, not a single trillion dollar company was built in the EU. And most of the biggest EU companies were built 50-100 years ago. Meanwhile NVIDIA, a company started around 30 years ago, has a market cap larger than the entire german stock market. And before you say „ohh but americans don’t have worker’s rights, we do!“, you might be right, but the engineers working for nvidia or google all make at least 200k per year, with senior roles pushing the 7 figures. I don’t think there is one company in the EU were you can make this kind of money as a normal employee.
@@alluminiumminimalium700 valid point, i agree. there are many things that need "fixing", regulations bureaucracy is definitely one of them. these are complicated matters and im not a fan of hindering the development side of startups compared to their consequential use and applications.
we'll see how things go but ai particularly is the kind of tech that can easily come with a a large bag of problems. some regulation in its use is absolutely necessary.
we still have leverage on the global markets so our regulation comes also with some advantages. it might end up benefitting to some degree the development and application of products that are already suited for the market and that the rest of the world will have to comply and readapt one way or another.
anyway im not an expert on this, and this is a very complex matter. but some of our regulation is also one of our strengths. but i definitely don't want to see us become only about that.
i think its a game of smart balances, focused large scale investments, right amount of labs and private freedoms and so on. but we do need a kick in the butt and valid criticism like the one you brought up is necessary.
Companies leaving Europe for the USA is no surprise, the USA's care for the working class is nowhere near the EU's, therefore it's easier to exploit local workers.
And if they can't they go to other countries that do even worse (in terms of production primarily).
We are so fucked
Germany's energy strategy is not wrong. The United States is still promoting the use of fossil energy. Europe's problem is the soaring energy costs after the Russian-Ukrainian war, which has led to a lack of cheap production materials for industrial upgrading. Europe cannot have independent politics without an independent army. When the world economy is in crisis, the United States always reaps Europe's capital. This Russian-Ukrainian war is no exception. Europe should wake up.