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by tkk23 1347 days ago
If you look at the USA then the profits are made at the periphery. Profits can be made anywhere. Sooner or later, they will be made where living is more pleasant and that's at the European periphery.

Which cultural problems exists that keeps the periphery poor? I would like to argue that the cultures of the periphery are what will attract people and customers and what will allow the periphery to develop.

1 comments

Germany is making a killing in selling their cars and tools to the “periphery”. East europe being their largest export market - some 30%.

The main cultural issues that keep the periphery poor are those stemming from the “core”. Always shitting on the south and east is what keeps those regions stagnating. What upsets me is that they turn the other cheek instead of slapping right back.

Do you have an example for the 'shitting'?

I don't understand how the shitting, and slapping right back is economically relevant. How is it preventing a country or a region from picking a market and becoming a global leader and thus earning high margins? E.g. people have been dissing China's product quality for ages and yet that hasn't prevented China from improving.

As a side note, it shouldn't be an economic disadvantage that Germany exports 30% to the European periphery. Cars are a competitive market with French, Korean, Japanese and American offers. The periphery should be able to make back much more if they specialize in products of a high-margin market. E.g. if I were a politician, I would go all-in on medical research and try to develop some world-leading equipment or cures.

I find this obsession with Germans selling cars to the Italians partly amusing and partly patronising.

Of course the Italians can’t take their responsibilities because of… pizza? Super Mario? The godfather?