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0 pointsWarmWash4d ago0 comments

Europe is in a borderline catastrophic economic situation. I wouldn't use them as an example, because it ultimately just illustrates my point more. Lots of people are aware of Europes excellent quaility of life, far far fewer (but thankfully including Euro leaders) are aware of the existential financial situation and forecasts.

Europe was supposed to have a vibrant tech scene and a globally competitive technology stack (go back 40 years). But it doesn't. It also doesn't really have a growing economy. Or much ability to defend itself. Or much ability to power itself. Or much ability to finance itself.

Europe has a very impressive social systems, absolutely, but it's important to recognize the incongruity between what these countries promise, what they will need, and what money they actually make.

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virgildotcodes3d ago

EU debt to GDP is ~80% avg across member states, US is ~123%.

US CPI 3.8% as of April, EU HICP 3.2% as of April.

IMF projects 2.3% growth US vs 1.1% growth EU in 2026.

Not sure I would say the EU is in a borderline catastrophic economic situation and the US is not?

If both are in catastrophic situations (it seems one could fairly make that assessment in either case), then again we’re back to “all societies are unstable, would we like to be pragmatic and compassionate during our brief moment of stability or vindictive and self destructive?”

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