Comments by "Paul Aiello" (@paul1979uk2000) on "EU moves to suspend funds for Hungary | EU tests democracy sanctions for the 1st time | WION" video.

  1.  @123_1  Lol these comparisons are funny, I mean seriously, you're comparing a rich developed country like Germany to a country like Hungary that's developing and getting a lot of help from the EU, I mean seriously, if they were not growing faster than the rich developed EU countries, they would never close the gap and a big part of the idea of being in the EU is to help these developing countries to become modern rich ones. The real problem is for Hungary and for any developing country is that there are limits to that growth, what I mean by that, they'll never catch up to the likes of Germany if they don't do enough reforms to modernize and that means being more open and democratic, this is the case for any developing countries and it's the reason why western countries are so successful because they are open, stable, have enough freedoms to allow innovation and freedom of expression, which allows a lot of growth in the economy. To get a bit of an idea of that, look at Italy, a modern country and yet they are slipping behind other modern countries, when you look closely, they have a lot of corruption, lack of reforms and too many regulations which are not allowing the economy to breath and grow. Success in an economy comes down to a well-educated population, that has enough freedoms to explore and do what they want, throw in democracy, a well-balanced system and you will get a lot of economic growth, so yes, Hungary is growing more at the moment but the reality is, they are starting at a lower bar so it's easier to grow, now if they were modern and still growing at that rate, now that would be impressive, but it's a lot harder to grow when at the top whereas climbing the ladder is much easier because the modern countries already have the blueprint there for you, it's just a matter of those developing countries emulating and doing the reforms needed to allow that growth. Hungary are setting in motion policies that longer term will hurt its economic growth, this takes time, many years, just like we are seeing in China, the current government is reversing a lot of the good the last government did, it's taken many years but now we are starting to see the damage it's having on the economy, same in Turkey.
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