this post was submitted on 19 Jan 2024
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The European Union’s remarkable growth performance relative to the United States (www.bruegel.org)
submitted 9 months ago by [email protected] to c/[email protected]
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The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards

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[–] [email protected] 40 points 9 months ago (24 children)

The European Union suffers from numerous weaknesses compared to the United States, including the lack of European tech giants

I for one do not mind that the EU legal environment does not lend itself easily to forming megacorporations. There is a lot of great innovation coming from the EU. The development of Lemmy is for example funded by the EU public sector.

On the topic of the article, I wonder how much of our economy is still restrained by still existing protectionism and division between member states. There is free trade, yes, but we still speak different languages and moving to work between countries is still not as easy as moving between US states.

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago)

There is a lot of great innovation coming from the EU. The development of Lemmy is for example funded by the EU public sector.

How does Lemmy affect GDP though, how many work places has Lemmy created? The article is about economics, after all. And what's the actual innovation? It's based on a W3C standard and is essentially a clone of reddit. There's no innovation.

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