Comments by "Louis Giokas" (@louisgiokas2206) on "Defying Demographics Ukraine Will Thrive" video.

  1. You make a very good point about capitalism. That is the only system that can adjust organically to changes. As you have pointed out, it does that well. I follow Zeihan, and many of his prognostications and predictions are spot on. I have read all his books. Some of the situations he talks about are happening in real time. It is fun to watch. I think he even got the Ukraine situation correct as far as the invasion. There are things I disagree with him about, and one is the flexibility of capitalism and industry. I could go on and on (as I am wont to do) with examples. There is one thing I just saw from him, that makes me think he is shifting his thinking a bit toward mine. His latest video (today) on his personal channel is titled "China Will Soon Lose the Title of "World's Manufacturer". He does mention the sunk cost of industrial plant and infrastructure in China, but then makes a surprising admission. This will shift to other places where economic factors are more favorable. Don't forget that China has only been industrializing for the last forty years or so. A fun fact, which I think I got from Zeihan, was that by 1900 or so the US had a larger share of industrial exports than China does today. Industrial facilities are always being tweaked, improved, reconfigured and moved. I have been involved in some of that. Ukraine, like Poland, will be an attractive investment destination once the war is over. Just before the war one of the oil majors was starting a program to drill for oil in the east of Ukraine, for example. There are plenty of natural resources in Ukraine that could benefit Europe. And, as you say, an innovative and motivated population. Maybe they will even have a baby boom like after WWII once the Russians are kicked out. I like what you say about NATO vs. the EU. I tend to agree with Zeihan that the EU is dying. It is a protectionist clique after all. For example, there is currently lots of angst in the UK about their leaving the EU. Actually, there are people talking against that and economic predictions that the EU could overtake Germany in economic size in the next decade. We will see.
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