Comments by "Sedna063" (@Sedna063) on "Geopolitical analysis for 2019: Europe" video.
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@tonyhawk94 I would like to remind you that Germany was dubbed the sick man of Europe from 1991 - 2005 onwards. Only the emerging markets in the east and reforms made it possible to grow again.
We don't need cheap labour (in fact, we have a lot of jobless citizens), we need specialised labour and young people because Germans get too few children.
Germany may not be a role model for you but then, Germany is not overloaded with debt, has a budget surplus and grows with good rates.
AI and robotisation, how many jobs did they cost so far? Hardly any as I recall? The good thing with capitalism is that somehow, there will always be jobs in other occupations. Essentially since the industrial revolution, skills demanded changed but there were always more jobs available. I am not too pessimistic with AI and so, I am not convinced that they lead to millions in job losses, more likely that jobs will transform.
In the end, the macroeconomics dictate France to change something. Debt reaches 97% of the GDP. Plus, what is poverty to you? Those Germans living in poverty will have enough food, healthcare, a living arrangement (if they apply for help of course) and access to schools and universities. Sure, a lot harder than for rich but they don't die on the streets.
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