GDP is a measure of productivity, which is (normally) corrected for inflation.
The point you are making is exactly the reason why this problem is so existential for Europe. QoL is good, so nobody wants to change anything, or feels the need to.
But structurally, Europe is not sound and European leaders know it (Just look at the surge in rhetoric about Euro independence). Do you know the story of the ant and the grasshopper?[1] Europe is in a 50 year long post soviet era summer. Most young (and now even middle aged!) Europeans only know summer, so it's going to be incredible difficult to get them to collect food for this mythical thing called "winter".
Can you provide convincing evidence that this is the case? What is the winter that is coming? And that your proposal will prevent it? And what exactly is your proposal anyway?
North Koreans think the outside world is going to collapse because they aren't doing what North Koreans are doing, but it's all just propaganda. You need to distinguish what you say from this.
The surge in anti-EU rhetoric seems to be mostly coming from US propaganda bleeding over, and is still a minority.
People have been predicting the immediate collapse of Europe and the immediate collapse of the USA for decades.
Nobody on the ground, who actually buys groceries, trusts official inflation numbers. How much apparent GDP growth is actually just unreported inflation? I saw some food getting 50-100% more expensive over the last 5 years, which is 10% per year. What was GDP growth? Less than 10%...
Many topics condensed into a single comment to conserve rate limit.
> People have been predicting the immediate collapse of Europe
Have they? I thought most were predicting stagnation and slow decline? Which has been the cast for the past >15 years. Europe is just being left behind..
> trusts official inflation numbers
Because they are unwilling to read and learn what these numbers mean and how they are calculated?
> What was GDP growth? Less than 10%...
Well… reported GDP growth is always adjusted by inflation.
This is not a fair question. The roaring 20s had no idea The Great Depression was coming. Most people didn't see the 2008 crash happening. Ukraine signed agreements with Russia to not be attacked. In 2019, no one was worried that their country couldn't produce face masks or mRNA vaccines.
IMHO, the only foreseeable disaster now is climate change and CN/TW conflicts. I'm not smart enough to model the downstream effects of those events and how Europe should be preparing for them.
The USA is forcing TSMC to at least shift some of their output to US soil.
> anti-EU rhetoric
I don't know what you mean by anti-EU rhetoric. Americans have no problems with the a centralized governance for Europe. Generally speaking, we are taught the EU is a good thing Europe (and the USA), because we want strong allies.
Just like how the EU got upset with Greece for poor fiscal responsibility, the US is concerned about the EU's military investments, tech development, and general economic output.
> trusts official inflation numbers
I think you're comparing apples and oranges. The inflation numbers are not supposed to represent any one individual's on-the-ground's inflation numbers. For example, Washington state adding a gas tax might not show up in the national inflation numbers, but if you're a long distance trucker, you're definitely experiencing inflation.
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Anecdote with heavy sampling bias: When traveling in Southeast Asia, I met tons of Europeans complaining 5 day work weeks is too much and 30 days of PTO isn't enough. One woman in her 30s took an additional month off of unpaid leave so she could have a second holiday in Laos, Malaysia, and Thailand.
IMHO, Europeans should be developing their own tech / biotech / military, instead of demanding 4 day work weeks, and 60d holidays.
The point you are making is exactly the reason why this problem is so existential for Europe. QoL is good, so nobody wants to change anything, or feels the need to.
But structurally, Europe is not sound and European leaders know it (Just look at the surge in rhetoric about Euro independence). Do you know the story of the ant and the grasshopper?[1] Europe is in a 50 year long post soviet era summer. Most young (and now even middle aged!) Europeans only know summer, so it's going to be incredible difficult to get them to collect food for this mythical thing called "winter".
[1]https://en.wikipedia.org/wiki/The_Ant_and_the_Grasshopper