Comments by "seneca983" (@seneca983) on "Why Is the European Economy Sinking?" video.

@s9ka972 "seems OK today but their future is better not said" But this is a completely different thing than what you said in your original comment and what I objected to. Originally you said: "Compared to Asia ( Japan + South Korea + China + Asean + India + GCC) , most of European countries have significantly less productivity levels ." My objection was that the countries I mentioned in fact have higher productivity levels than those Asian countries. I didn't make any predictions about what the productivity levels are going to be in the future. That's a completely different thing. "it's not emojies , but their respective flags" Flag emojis are still emojis.
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That's not true at all. At least the rich European countries like Germany have higher productivity levels than all of those (except GCC). Especially China and India are still poorer though they have progressed a lot.
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@s9ka972 Even Spain and Italy are ahead of the Asian countries you mentioned and the UK is only slightly behind Singapore. The GCC countries might be ahead but oil is a big part of that.
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"And please, stop using UK and Europe in the same sentence, I know that geographically they are still located in Europe but they are no longer part of Europe." That doesn't make sense. He said "Europe", not "the EU". These are not the same thing.
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Europe is still well above the world average in terms of prosperity but that might eventually change if improvements aren't made.
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@raylopez99 "money does not buy happiness" Income does correlate with happiness.
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"No Facebooks, Apples, OpenAIs, Googles and so on." I don't think that's due to patents. Software patents are rather problematic.
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@raylopez99 Correlation is not necessarily causation but in this case it would seem to me that it's far more likely that the causation runs primarily money -> happiness than the other direction. Firstly, it's pretty intuitive that a lack of money can make you unhappy. Secondly, a lot of people get money due to things that are not directly caused by happiness (such as inheriting it).
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He means that the Baltic countries have been growing faster than e.g. Spain. The high inflation is a very recent phenomenon and doesn't nullify the growth in the years prior.
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@Chris-pq3wp They're not screwed (assuming Russia doesn't invade). They have been growing decently. Estonia is the richest former Soviet state and has already (slightly) surpassed e.g. Spain and Portugal in terms of GDP per capita.
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