Earlier quoted context omitted.
EU productivity is already lagging its peers. Being locked out of having the most cutting edge technologies will further plunge the block into a productivity decay. Less productivity means everyone in Europe will get poorer, with declining living standards. This is not an outcome Europe can afford, especially considering its aging workforce. There is no silver lining to this. The EU has to stop strangling its most pr…
> EU productivity is already lagging its peers Source! > Less productivity means everyone in Europe will get poorer, with declining living standards We have some of the highest living standards in the world. In caparison to the U.S.A. in particular, it's like a utopia. > There is no silver lining to this. The EU has to stop strangling its most productive industries with onerous regulations, and allow markets the free…
Give it a few more decades of compounding lagging productivity, and that will no longer be true.
> The silver lining is American cultural imperialism is ended in Europe, and we live how we want to over here. There are different ways of living, with different values.
Productivity has nothing to do with cultural imperialism. China has dramatically increased their productivity, and that story has nothing to do with American imperialism