| ▲ | embedding-shape 3 hours ago |
| Yeah, we've realized that, that's why we keep iterating on the union :) |
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| ▲ | tick_tock_tick 36 minutes ago | parent | next [-] |
| Has it been effective though? The EU used to have a bigger GDP than the USA in 2008 now the USA is over 50% larger. Member nations are still dragging their feet on doing much of anything in the Draghi report and it's unclear if that will ever change. |
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| ▲ | bootsmann 5 minutes ago | parent [-] | | This is a commonly cited stat but it is mostly an exchange rate phenomenon that disappears when you adjust for purchase power. If you go by comparing GDP in dollars the EU recovered almost half this gap last year simply from the dollar dropping in value. |
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| ▲ | lazide 3 hours ago | parent | prev [-] |
| My point is rather than almost anything can be made smooth if you have enough $$ pointed at making it so. One of the biggest issues with small economies is that they don’t have the capital spent to make it easy to do things yet; which is friction that helps keep them small. |
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| ▲ | yencabulator 2 hours ago | parent [-] | | This is so ridiculously contrary to a Northern European existence that it's just funny. US is ridiculously more bureaucratic with lots of back office papers shuffled around by humans. US tax filing is hard to even describe to someone who never lived there. Official procedures can be made smooth by valuing them being smooth. | | |
| ▲ | lazide an hour ago | parent [-] | | You just pay. All the problems are known and have workarounds, it just involves money. That’s my point. It doesn’t have to be nice or clean or smooth, if there is a known solution which someone can just throw money at, at scale. The harder problem with these smaller countries and economies, is people haven’t figured out how to do that yet. So you end up having to track down x or y random lawyer, then hope they don’t screw you, etc. | | |
| ▲ | yencabulator 37 minutes ago | parent [-] | | That's a very American approach. Just enable a grift economy existing purely because the original thing was bad. The Nordic approach is to make the original thing better. The end result is less wasteful. | | |
| ▲ | lazide 20 minutes ago | parent [-] | | Also smaller. The ‘waste’ also counts towards GDP, as long as the money keeps moving. Lots of people have built homes and families off it. What really slows an economy down is when money stops moving. | | |
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