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by thefourthchime
13 days ago
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The EU is doing everything it can to fail. The only thing that seems to be coming out of the EU in the last 20 years is regulation. It seems to be its only invention and contribution to itself. They have no upper bounds on creativity when it comes to creating rules that disrupt business. I can't tell if this is coming from jealousy or incompetence—or perhaps a combination of both. They see the rest of the world, especially the United States and China, getting richer and more advanced, and their response seems to be to shield themselves from it instead of competing. Volkswagen in Germany is going to lay off 100,000 jobs and shutter plants. Half of the EU is recklessly in debt. And Germany is supposed to be the good country with the good economy. |
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The EU is a $23 trillion economy, hardly a slouch even though it is underperforming.
The VW example is actually something you probably don't understand - they're failing because they're an inefficient business, not because of EU regulations or Germany not having a "good economy". Toyota produces almost twice as many vehicles per employee.