Comments by "Joey" (@Joey-ct8bm) on "Why Europe's Economy Is Falling Behind Everyone Else" video.

All the big american tech countries actually have their headquarters in Europe. All their money flows to Europe because of tax evasion. It's also the reason they don't need big tech companies so much. Europe is already benefitting. The EU is actually the second biggest exporter of the world after China. Growth is low because the EU already has the infrastructure. China's growth is high because they don't have the infrastructure. There's room to improve. So growth isn't everything. So long you've growth you're doing fine.
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The apple, google and microsoft headquarters are all in Europe. They all say it's in America, but the tax is being payed in Europe. Long live tax evasion. The EU is the second biggest exporter of the world above the US and below china. Not even counting the UK and Switserland. Debt is also much lower than the US. We may have lower growth numbers, but we don't borrow the make growth. Some debt numbers of some EU countries are a third what the US has.
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Debt in 95% of EU countries is lower than that of the US. Quality of life is also much higher in the EU. In export Europe also does better than the US. China has a lot of growth for instance because they started from the bottom. GDP per capita in China is 10000 dollars. Luxembourgh GDP to capita is 115000 dollars. Ten times that of a person in China. What are we comparing here!? Europe is overall the best place to live period. No doubt about it.
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@Mr_MikeB Because Luxembourgh is the richest country per capita on earth and it's in Europe. It's also a taxhaven for Apple and big tech. It's where the actual headquarters of Apple is and where the money flows through. Latvia has a gdp of 17000 dollars per capita. Still higher than anything China has. I would choose the poorest country in Africa. Africa has the most room to grow. You'll only will be running out of drinking water. Forcing you back to Europe.
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@Mr_MikeB Growth nummers don't say nothing. It doesn't say how rich the people are. The underdeveloped countries always have room to grow. Places like Qatar or so rich because of oil and gas. They don't have something else to offer. Those are gonna be the countries that are gonna be in decline when every country makes their own energy. In 50 years countries like Saudi Arabia, Russia and Qatar are gonna be competing with each other to sell oil in instead of setting the price, because the demand will drop massively. In 50 years time the whole west will be off gas for houses and cars will run on electricity. In 2030 car manufacturers in Europe already announced to make only electric cars. Even Ford and General Motors announced it for 2035 in the US. That's gonna drop prices to a new low for energy. We might even have selfdriving cars, but that's another topic.
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@Mr_MikeB The GDP per capita is higher in Qatar, but does that really count if that money belongs to one family.
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@Mr_MikeB Qatar is a monarchy! The Al Thani family is richer than Elon Musk.
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@Mr_MikeB The difference is that the Al Thani in Qatar are the government. They make the policies and are the general of the army. The government also controls most of the Royal British family money. The Al Thani family is also 4x as rich as the British royal family.
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@Mr_MikeB They're but they don't control the country. You said it well.. The prime minister! Qatar doesn't have a prime minister, just a sheikh. Hamad bin Khalifa Al Thani is prime minister and general of the army. He's the ultimate ruler. In theory the queen of England could start a war. Technically the Queen's power to declare war is one of her prerogative powers, which have been in the possession of the reigning monarch for centuries. But as the Constitution Unit at University College London (UCL) outlined on its website, these powers are now mainly the in the remit of Government ministers. Qatar hasn't got a constitution that restricts his powers.
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@Mr_MikeB All monarchies are similar because they are monarchies. Doesn't mean their power is the same or their countries are the same.
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@anibeto7 GDP China $19.91 trillion. EU 17.09 trillion. 17.09 trillion is just the EU. Most of the UK isn't counted. All these countries aren't counted too. Iceland, Monaco, Georgia, Andorra, Ukraine, San Marino, Liechtenstein, Switserland, Norway, Albania, Macedonia, Montenegro, Serbia, Turkey, Bosnia and Herzegovina, Kosovo, Moldova, and even Vatican City. If you look at GDP per capita the EU has a average of 4× more than China. A country like Monaco, Liechtenstein or Switserland has 10× more.
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@billybob3302 Freedom will always win to oppression. It's gonna go like this. Ukraine will be free of Russia. Next Belarus is gonna free. Then Russia and after that China. You can't control people forever. The Soviet union collapsed like dominos. This will continue in the next decade until it's China's turn.
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