I live in Germany, which by some accounts, is the third largest economy, and we have literally no answer for what is next, economically. Neither in the public nor private sectors. Nobody is investing, nobody is building new things, nobody even knows what to do next. But the story is the same throughout Europe as far as I can see. All industries hope to keep selling the same old shit. But the 3rd world is catching up. They can manufacture goods that are just as good, and for much cheaper. Heck, some can even do it cleaner too, since they have access to cleaner energy sources. But we also have no real 21st century income streams.
It looks to me as though, only the US and China are undertaking really innovative projects.
Is my reading of the situation flawed? I would love to have your input.
According to Varoufakis, Europe missed the bus on cloud capital (=big cloud platforms like amazon, meta, twitter,…) and the race is currently playing out between US and China.
IMHO, it missed the boat on everything to do with tech, and tech is basically 21st century capitalism. The only tech in Europe are secondary services like booking.com that ultimately depend on primary services (Google Search, Youtube, Facebook Platform, Twitter, …etc). I agree in large part with Varoufakis. Although he is “on the left” he has better investment sense than all the suits who control European capital.
The suits who control European capital are Americans. People like Von Der Leyen and Shultz, or in my country Ireland, Harris, work for American interests. You see it in everything they do. They’re not stupid or lacking sense.
This “elite capture” is so complete that when the US is caught spying on Europe’s leaders, there is a deafening silence in the media. When the US blows up Nordstream pipeline and everyone knows it, even average Europeans stay silent.
The enslavement of Europe will be studied by psychologists in the future.
OK back up a minute. When did this become common knowledge? That’s the second time it’s been mentioned in this thread but the first time I’ve heard about it. I’ve had things going on - please fill me in.
I thought it was always common knowledge? If you mean they’ve admitted it well no they haven’t. But nobody honest can pretend that they seriously deny it. They threatened to do it on multiple occasions and there are no other plausible suspects.