Comments by "looseycanon" (@looseycanon) on "Is Europe’s Economic Collapse Inevitable? | @visualeconomiken" video.
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One, never think, that people don't get jobs. They do eventually, you just don't see it. Two, maybe do something about hiring by companies. I live in Czechia, I'm sending out resume like crazy and can't get anyone to respond to me, all the while I hear, how there is general shortage of accountants, which is my field. I am responding even to racks from Austria and Slovakia too and I'm getting same old same old, so this is at very least regional, not national problem. For years now, I have seen companies whining about not being able to hire anyone and how the talent pool is small, but yet they refuse someone, who has a degree in relevant field and actually wants to do the job. Conclusion?
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Guess what made the mindset of "eco friendly bike lanes" possible... It's the fact, that those nations are rich as F and flat as justice. Netherlands is crazy, when it comes to car regulation, btw. You can only have extremely small engine, if you want to pay reasonable mandatory insurance. I'm talking less than two liters (which causes accidents, cause you don't have the power you need to safely overtake, but let's move on, nothing to see here)... unless you go full hog and buy a proper muscle car, because at that point, your consumption is so high, you're exempt from the environmental part of that insurance, because you effectively pay it in fuel taxes. Insane.
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Get this, in banking, if you want to establish a bank account as an arms manufacturer or reseller, you're considered a high risk client and are likely to deny any service. And the banks go way beyond regulation here. Another problem is, how and who the banks are willing to lend money. I have a friend, who had a cat café a while back. She applied for a business loan. Sixty papers in and eight visits to the bank later, she was refused, citing her business was too risky... so, she asked for a consumer loan and she was approved in thirty minutes. We need regulation, that would force onto the banks structure of loans given, to steer money into business venture. Not personal consumption! That should be covered by wages, not debt.
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Maybe recalculate values for individual states by purchasing power parity. Hawai has one problem (well, two that interact, sadly). Hawai is an archipelago far away from US mainland and there is this law, don't recall the number and year, that states, that for domestic transportation of cargo, only US based companies may be used, ships must be built in US shipyards and must be crewed by US citizens... Well, US has all but stopped building ships outside of US Navy, Freighter production got gobbled up by Korea and Japan, Americans don't by in large engage in maritime life, let alone shipping, so vast majority of ships are not even crewed by Americans and there are fairly few shipping companies around as most of these typically prefer to use flag of convenience and both register their ships and their companies in these countries. That is why you see so many Panamanian flags on ships out there. All of this means, that the vastly cheaper shipping, that is actually used in international shipping, can't be used to transport goods between mainland and Hawai, making everything significantly more expensive. This, however would not show up in direct GDP comparison between states!
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Doesn't work. For one, if you were to lower the spending budgets, you'd have to cut retirement benefits eventually. The government, which would do that, is the government no longer in power. We have simply way too many old people to make this feasible on the necessary scale. With entrepreneurship being made too easy, you gut out employment, because suddenly everyone is contractor, because companies refuse to hire normally and you've got gutted social security, because it's cheaper for the companies. Can't lower taxes, as reinvestment of revenues back into companies is ridiculously low already and, unfortunately, this would not motivate companies to reinvest or at very least increase wages. There is nothing that would make them do it. Really the only thing that I could agree with would be new energy regulation to remove subsidies and incentives from intermittent sources and ban even mere advocating against nuclear power. But what you write of as a whole would destroy Europe.
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