Patrick Boyle 
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There has been a lot of press on how Europe is facing deindustrialization, where manufacturing employment is in terminal decline and the continent can no longer compete due to high energy prices, economic competition, and other factors. In today’s video we try to work out if Europe is doomed and should pivot towards tourism – becoming the worlds museum.
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About The Author
To try everything Brilliant has to offer for free for a full 30 days, visit https://brilliant.org/patrick/. You’ll also get 20% off an annual premium subscription.
it's just mind blowing to know that abnormal rate of sick leaves in Germany is reducing the GDP by 0.5%.
You NAILED VW's problems. Even the Germans think the Golf is bad value now.
18:31 Does that chart say what the heading claims it says? A reduction in growth rate of working-age population is not the same thing as a reduction in the working-age population, at least linguistically. If the growth rate for Germany had been 2% per year (as a hypothetical example), a 0.6% reduction in growth rate would mean the projected growth rate would instead be 1.4%, which would still be growth.
So while would still highlight a problem, it would not mean that the working-age population has declined, unless it has already been in decline in 2019-2023. And if it has been, then they really could have found a less roundabout way of saying it.
What did you think was gonna happen when you let Biden, the Greens and the neocons blow up Nordstream 2 and also sanction yourselves from cheap natural gas from Russia or oil from Russia only to buy it back from the Indians?
Europe climate agenda to the extreme, and identitary polítics are destrying europe
Whoever thinks of moving to Germany should really re-consider their choices. Unless you are in dire need to leave your country because of economic or security reasons and have no other choice, or you're a first-world citizen who is a failure in life, it's not a good idea. With archaic infrastructure, braindead bureaucracy, mean people, disgusting language and depressing weather, can't get appointment for immigration, housing crisis, you need 2 weeks at least to find a doctor appointment and many more political issues, it's not an attractive country to move to at all.
So all the manufactoring and industry is going to China and then what will the rest of the world do? Be the vacation place for their overlords in China? This problem is not unique to the EU, this is pretty universal for western countries.
The Morgenthau plan is in full swing.
Wow that's an understatement
WTF growth we fin have?????
Exactly, I am from Denmark. Remove Novo Nordisk and Danish economy would look just as bad as UK and Germany if not worse. A few companies make our whole country look good. We're absolutely cooked.
To summarise, Europe is potentially very innovative but legislation prevents it happening.
EU is doomed with all it's bureaucracy, socialism, green courses and ….. rights concerns instead of letting businesses to thrive an people to live.
Euro elites want to destroy you
What can I say, we're geniuses.
– Close nuclear power plants
– Get dependent on a hostile country for power
– ???
– Profit
– Oh wait
You have a brilliant way of cracking a few jokes along the way whilst remaining totally deadpan . Some very relevant points made along the way & always an education !
As an American, I don't think it's a good idea for any country to give up manufacturing. A country gets its identity from the products it manufactures and I consider identity to be important.
i forgot he is european too
Huh I think I heard a guy named Zeihan talk about this 2 years ago
"Chhhiina"
Awkward that I was watching Marty and Moog just a couple of videos ago…
Doesn't really seem like it's the time to take in a whole bunch of immigrants with low skills and a refusal to integrate but the Davos crew has never been wrong, before, right?
focus on financialisation has been the death kneel, financial products just don't turn into growth long term. manufacturing of manufacturing capabilities is the real future in my view, make robots, make mining equipment, make production lines, that's where the real knowledge economy is. We could be powering the transformation of Africa into the workshop of the world via supplying everything they need to industrialise.
I notice increased jobs in Eastern Europe by German companies and even American companies run by German management. A new trick. They doubled down on German language criteria (C2) and literally doubled down on salaries too. "German" Amazon searches for people with native German in Slovakia and Poland..😂
Europe is unaliving itself to save the world. How noble yet misguided.
Bro has never heard of an auction before. This isn't a weird market, this is how all commodity markets work. Are you sure you're a finance professional?
Draghi's speech was a wordsallad. EU apparachiks patting each others backs for a job well done. The job of just putting words together and then convincing themselves they are concrete.
Take the past. EU growth policy since 1994 have worsened climate change, by increasing gdp per capita and increasing capita by immigration.
Then planting trees to offset carbon and reach their numbers. This is just moving numbers around. The trees will be cut down and processed and the carbon will be released again. No net effect, in typical apparachik manner.
Dismantling EU is the only way to save the climate. No growth (contrary to the report), no transcontinental nor asia-EU transports (contrary to EU corruption of language). But that would not give a steady stream of income to the pdf pushers and will never happen, because corruption and self interest. "Give a man the tool to write himself his own job description and he shall never be out of work".
green energy is cheap if you have it sitting on your roof like I do, after that things get very expensive very quickly thanks to the cost of building out new infrastructure. So lets say I want to build a solar farm, first issue is the cost of land near a large population area where solar would be best built is very expensive. So you move the solar farm out to a more remote area. Then you find out the local infrastructure won't support my 2gw solar farm, so I have to spend a few billion upgrading the local grid. Then you suddenly find out the kw/h rate for a solar farm power pays a penalty because 365/24 power production receives a higher rate than solar ie power security. So then I either build a huge hydro pump dam or a battery storage facility. At the end of the day, green energy is not as cheap and simple as just throwing some solar panels on some vacant land, there are an endless list of infrastructure issues that can destroy the ability of the solar farm to be competitive. Here in Australia the amount of solar being installed on homes is insane, this is weirdly causing grid power costs to go up as fewer and fewer customers depend on the grid. Throw into the ring very cheap battery solutions are now hitting the Australian market and it doesn't take a genius to realise this isn't going end well for customers still very dependent on the power grid ie the poor and companies with no roof space for solar panels.
Europe is a lost cause, most voters are aware of the problems but are vehemently against the solutions…
Please, no more iPads on the dashboard, dials only.
viewers should be skeptical of any channel that just uses vague words like 'expensive' without actually providing price data, comparative analysis or… well anything at all, in this case, that would substantiate the argument
and you should be VERY skeptical of people that will cite the nuclear pant closures without providing the reasons as to why those plants closed, or sources that back up their suppositions as to why those plants closed
As a "European" i think it is the bureaucracy from the EU. There are so many new laws, while having good intentions, makes it impossible to compete for small companies. If you have 1 guy working on satisfying EU regulations in a 10.000 people firm it is not a problem, if you need 1 guy for that in a 10 people firm then you can close your business because you cannot afford one unproductive worker. And if small business cannot exist, then small ones can never grow big and things start declining just like we see.
Volkswagen is in fact not Germany's biggest employer, but the German company with the most employees worldwide. However Volkswagen is not the only company in the automotive industry that is struggling. 800.000 people are working in this branch if the industry in Germany.
I think that 20 new taxes should solve the problem.
I'm all for re-introducing nuclear energy into Europe. However let's not use AI for it's oversight 😉
Dark ages again? I am sorry for the jobs lost…
I think that you are missing out the Eastern part of the story. Many Eastern European countries have growing economies and there's probably a bigger story to tell about them rather than "they have lower standard of living and lower production costs, therefore they are catching up to the EU average"
Tesla’s factory in Germany has on average 20% of its employees called in sick on any day. Some workers haven’t been to work all year.
The European system is broken. Massive welfare and labour laws are terrible for growth
German Manufacturers manipulated politics so they don‘t have to change and modify their business model – now it doesn‘t work anymore. Boo-hoo.
Maggie Thatcher looking up from hell with a tear in her eye
This is by choice… The decline of Europe is coming fast
I sure hope all those liberals keep their promises and leave the USA