Lol. You literally couldn’t make up a less coherent or compelling argument if you tried. Now Europe is just responding to what the US did in the 80’s? Nothing like being decades behind the curve.
You’re the one that flip flops from:
Europe has superior manufacturing technology and the rest of the world wouldn’t manufacture a thing without them.
To:
Europe can’t manufacture tech components or products, so they have to get it from Asia. That’s why they bow to Russia and it’s Asian allies on political matters.
Your developed countries in Europe would kill to have the US GDP growth and unemployment rate of the past few decades. US GDP is 50% larger than EU. Meanwhile EU population is ~40% higher so per capital GDP is 83% higher. So much for EU superiority in productivity, it’s an imaginary thing.
offcourse it started much earlier. have you thought why Japanese only bought Boeing civil airliners?. Japan was distorting the market.
Thats correct. Whole Asia knows about it. and thats why Asia building that huge infrastructure to connect to Europe.
Europe is moving towards digital economy. so it will shed alot of industries. to Asia and Africa.will pickkup the tab. on top of that there is drought in central Europe. only industries that are Green or contributing to climate improvement will be left.
That you showing limited knowledge. US has paper billionaires owning overpriced non productive assets. that skew GDP per capita.
Tesla/Apple/Walmart/Amazon/Google and other deadbeat firms could not produce that paper wealth without Asia. Both Hardware and Software aka H1/L1 and big offshore teams practically all come from Asia.(All Asian countries big dollar reserves)
It is Europe that is building its software industry without Asia and Europe is key enabler for semiconductor equipment manufacturing on both sides of Atlantic. Europe does not need foreign education unlike Asia who need US education to move up the chain.
ASML bought Cymer (San Diego)
Igor Fomenkov is an ASML Fellow in Technology Development Group in San
Diego, California. After completing a Ph.D. in Physics and Mathematics at
Moscow Institute of Physics and Technology (MPTI) in 1986, he joined General
Physics Institute as a senior scientist, where he worked in the field of
interaction of high intensity laser radiation with matter and diagnostics of laser
produced plasma. He joined Cymer in 1992
Marketwatch had an article explaining how once the EU recovers from COVID its corporate earnings will be right back where they were in 2008. That was telling. Ours have increased over 50% since then. Still not enouhg to justify today’s stock valuations without rock bottom interest rates but better than the EU by a country mile.
do you think California can create GDP? when the first word has “Gross” in it. it mean it is deliberately excluding the expenses that rise to that “Gross”. G
the second word is “Domestic”. i can only say hehe with domestic. and third word is “Product”. what is the phyiscal product that is created here?. or do you think Netflix is a Product.
I’m not going to explain under graduate economics to you. You’re probably as bad as AOC who thinks a low unemployment rate is due to people working 2 jobs.
you are not capable of explaining at all. if there was real GDP growth there wont be inflation and shortages. largest decline since tracking data in energy consumption and still we facing higher energy costs. water bills are next and than higher health care costs.
Europe container traffic on trains up by 84% and despite that Euro currencies are holding strong.
sure mine is ignorance. Show me single statement that i made that has proven wrong?. I was the first one that brought attention Water and Fabs.
now you telling me that we have higher GDP growth and earnings than EU when EU is buying boat load of products from Asia and EU currency getting stronger.
.
Asia want to reach Europe as quickly as possible. The most expensive and complex ship building based on latest technologies in Korea, Russia and China are being built for North Sea route through Arctic so that Asian products reach Europe faster. they want to sell more as they know there is wide distribution of wealth and real R&D is done.
Such is the scale of wealth in Asia that Russia has to deploy 10 brigades to expedite Railway construction.
You literally have the biggest case of amnesia, so it is pointless. I’d repeat your growing instances of being wrong, but you seem to always forget about them. You don’t even understand what GDP is. At this point, it’s not worth researching to debunk your garbage. Everyone knows you’re wrong.
i have critical thinking and logic. not believe on what ever i see in internet. people who addicted to virtual world become devoid of reality .
do you think software can create real wealth?. dominance of software that enables complicated finalization will have negative impact on society.
There’s a grain of truth in what HK2 is saying. If we lie about the true rate of inflation as we’ve been doing for decades with such things as hedonic measurements some of our inflation shows up as a phony increase in GDP. And creating wealth, in and of itself, is not inflationary. Some of the fastest GDP growth the US ever experienced came in the absence of inflation. Inflation is created when more dollars are created without a proportional increase in wealth.
I have seen real inflation like in the 1970s. And in Argentina in the 90s. It was so bad there that all people did was trade money into and out of dollars on the street. All capital investment stopped. The rich put all their money in US dollars off shore. Economy collapsed. Like Venezuela today… We don’t have that kind of inflation. However we do have inflation in hard assets. My buddy has a Porsche race car. Paid $20k ten years ago. Now worth $250k. Bitcoin is basically forced up through inflation fears.
1970s was nothing when you consider minimum wage relative to housing price and rents. we just have inefficient large vehicles.
Education was high quality and affordable. we were the most dominant in most of fields. real dominance not depend on imports of people and products. now we cannot built a single factory or product or even house or bridge without imports. and that will cost fortune and who knows Tesla like quality. my LED lights from China. All the work tools from China. when you go to homedepot. they said on brushless lawnmover proudly made in America with global parts. everything is Global.
Global is good. Everybody depends on everybody… no more world war. What not to like?
I hate nationalism. We are all human beings. Geographical boundary is historical. The reason why we are still guarding geographical boundaries is to safeguard our wealth! and well-being! Since I am a selfish person, I won’t mind the concept of nation and border.
Globalization keep inflation low and vast amount of choices in products at reasonable prices but if current trend of globalization continue what will happen to our wealth?. i will leave this to your imagination.
This German chancellor talking directly. The key word " We have only Allowed". it like saying only we have the brains.
how hard hitting the barriers coming and cost of industrial exports. suddenly TSMC $100b seems like nothing.