Comments by "Paul Aiello" (@paul1979uk2000) on "Facebook Threatens to Quit Europe: SORRY... WHAT? Will Facebook Leave Europe? - TLDR News" video.

@viperking6573 That's not true, economically they are not that different and I should know because I've lived in both the EU and US over the years, there are differences but overall the standard of living is high in both but I would say the EU market looks after the people better than the US one, especially the poor and middle classes with all its social benefits, the US is pretty much a system that's built on where you have to fend for yourself and if you can't, tough shit. It's a fine line from regulation and free for all, in the US, it's too much of a free for all where big corporations rule everything, that isn't a good thing for American consumers and that likely will get a lot worse as corporations get bigger and end up bending more of the rules that the government makes. Basically, the big weakness I am seeing in the US is weak government institution when it comes to dealing with big corporations, the EU is willing to take them on but the US seems quite happy to take a bribe from them to push it under the carpet.
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@aryanbhuta3382 It's more the food thats being played with that Europeans have a problem with, something that the US wants to import into Europe but the EU and it's members keep blocking it. Even the UK with Brexit doesn't want any of that with around 75% of the public against that kind of food entering the market.
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@viperking6573 It's always regional, in the US for example, I saw most of it in New York and California and it's usually always in big cites in the US or EU but I see far less of it in the EU, especially north-western EU countries. I still find it shocking in this day and age that people are still homeless in rich countries in Europe and America with the kind of resources both have, it shouldn't really be an issue in this day and age.
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Could Facebook pull out of the EU market? Yes, but would they? Highly unlikely. If they did, other companies would take full advantage of that void they leave behind and use that clout against Facebook on the world stage, it could also get other countries to get tougher on Facebook if they play those games. The truth is, markets like the EU are too big for big companies to pull out off, they can threaten to do it but they likely won't do it because others will fill the void they leave behind, at the end of the day, companies have to put up with laws and regulation big players like the EU and US put out there if they want to be in those markets, most will bend over backwards to do just that, this is the advantage of a big market like the EU and US, something China is quickly building on having. We should also remember, if Facebook takes a hardline on the EU, other governments could take a hardline on Facebook because I doubt any government would like corporations thinking they can dictate terms to a government, basically, if Facebook was to pull out of the EU, it wouldn't end just there, other governments would likely step in on getting tough on Facebook, it's a chain of reaction that I doubt Facebook want. Also, doesn't this seem kinda ironic with the US trying to ban TikTok and Wechat on security grounds and now the EU is basically saying they want data on its citizen to be held in EU countries whiles also not allowing them to send that data back to the US, likely because they don't trust companies to pass that data onto the US government, the irony in all this is funny and a lot of countries could jump on this with it opening up a big can of worms if we are not careful, something the US started could come to bite them on the arse.
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It's more like 450 million but yeah, good luck to them if they do that lol, other companies will be more than happy to fill that void Facebook leaves behind, I mean really, a market that size would be a big opening for other companies to capitalize on and use that against Facebook around the world.
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@aryanbhuta3382 It's not the genetic makeup of the food that's the problem, it's the stuff they do with it in the US that is the problem, especially for Europeans.
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@viperking6573 Pretty much every country is like that, just that the EU is more bold in making it known. Besides, one man's regulation is another standard, in other words, regulations are needed for higher standards and safety measures from food, workers rights and countless other things, the less regulations, the more control companies have to get away with whatever they want, a bit like we see in the US, that's a place I wouldn't want to live.
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@ewoudalliet1734 The EU has limited powers in that as most is still with its members, as for high tech, I do think EU countries need to invest a lot more in that, at least on the surface because Europe is already in high tech in many areas but they are not in many areas of well known brands, especially on the internet, that really does need to change because they've got more than enough resources to make it happen.
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@viperking6573 Overall no, at least not with northern European countries and as I said, I lived in both the EU and US and purchasing power was about the same overall, it's just done differently where the US has less taxes but gets much worse public service whereas EU countries have more taxes but gets a much better public service. For me, the real key difference I saw from EU countries and the US is wealth gap, in the US, there is a much bigger wealth gap from rich to poor compared to EU countries, in the EU, I have never seen a homeless person on the street, in the US, I saw a few. But in any case, the overall standard of living is high in both but I do feel the EU system looks after the lower and middle classes better, in the US, I sense that if you are down on your luck, you could be in real trouble unless you have friends to help you out, the support network from the government is quite weak in the US compared to EU countries. So both regions are great but having lived in them both, Europeans don't realize how lucky they have it which is off because boy do Europeans like to complain about everything lol but maybe that is the reason why things are better, the people are more willing to stand up to their governments and in time, that delivers better quality for the average citizen whereas in the US, I got a sense that the people seemed to be subdued by the system and not willing to fight it any more.
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