Comment by LunaSea
8 hours ago
I can agree in some ways but the issue remains (as an European) that our collective economies don't really grow anymore.
So there might be more competition, but it's either marginal, or it's to weak to compete with other international companies (like the once in China for example).
Why do they need to grow? Unlimited growth is normally classified as cancer. The only real need for growth is because of unsustainable economic practice.
> The only real need for growth is because of unsustainable economic practice.
Our whole retirement social system is based on growth.
Europe has been "stagnating" at about ~80% of American productivity levels for decades now. However, if your reference is growing and your ratio is roughly constant, that means you are growing too.
I don't mean compared to the US but in absolute GDP numbers.
States are more in more in debt and what was once a great social system in most EU countries is slowly moving to privatisation and higher costs like the US.