EU legislature is an actual corpus of laws. It’s imperfect, but it’s arguably better than having a guy that can block a model or threat companies because they crossed him.
The US has a guy who occasionally can screw things up for a few weeks, but who will be gone in a while.
You have it upside down: the innovation and the stuff is the valuable thing, the laws are there to help us organize ourselves a bit after the fact. They're always a secondary concern to the extent that the vast majority of civilization is working with one another, doing material things wherein the law usually is there as a backstop.
There are some ugly things here and there but by and large - 'cookie settings' has not materially improved people's lives - and not nearly as much as the innovations on the web themselves.
Doing is primacy, regulating is always secondary, with only a few exceptions.
The EU is in really really bad shape on industrial issues on a continental scale - 'too many regulations' is actually not a root cause (it's a big drag, but not root), but it's also not for the most part some kind of advantage.
You see the same thing play out with defence and other things.
Having to beg the US for help with Ukraine, for Patriot munitions, Starlink, advanced intel, for 5th Gen gear, mid range ballistic missiles - it's an existentially disempowering posture.
Human rights won't matter in the areas where the Russians have conquerd or destroyed. Again, here EU/Euro governance issues loom large.
'Do the thing' then as you go along, think about some guardrails or whatever, but the 'do the thing' is the hard part that deserves most of the focus.
Exactly. Europe makes the process and bureaucracy the end itself rather than understanding that they are one part of a means to an end, of actual innovation. People don't call Europe a mausoleum for nothing.
Exactly, it’s quite funny that everyone equate US and US legal system to Trump. The founding fathers created a constitution that can whit-stand and survive people like Trump and still the Republic would thrive. Trump would be gone in few years but US would still be there like it has been for the past 250 years for the people by the people.
On the other hand EU started as an economic union and has rotten into a behemoth that tries to control every aspect of Europeans. It was not created by the people for the people, rather a bunch of bureaucrats to exert their power and establish authority. At the start EU has done a lot of good things as an economic union, but at its current form, it does more harm for the growth of Europe rather than helping
The founding fathers created a document that was already struggling with modern realities prior to Trump. 250 years is not a particularly impressive amount of time for a country to not fall apart.
Care to elaborate on concrete examples on where it struggled? 250 years is quite impressive even if you don't believe it or not because only a handful of countries in the whole world has an older constitution.
>250 years is not a particularly impressive amount of time for a country to not fall apart.
250 years is older than almost every country in Europe (by that I mean current borders and form of government, not the ancient historical ones).
Most were monarchies or various forms of dictatorship till only a few decades ago and finally settled on their current borders only after WW2 or the fall of the USSR or the Yugoslav wars.
For example Spain had its first democratic elections in 1977 and then the UK was dealing with "The Troubles" sectarian conflict in northern Ireland. Europe always was a powder keg around forms of governance, culture, religion and sects. All that is not something that goes away overnight just because EU membership happened.
In contrast, 250 years of continuous governance and conflict free stability is super impressive by that standard.
"250 years is not a particularly impressive amount of time for a country to not fall apart." ?
Sure it is, it's very impressive.
What other nations have lasted that long?
Chinese Dynasties usually collapse within that range.
Aside from the UK, maybe Sweden (?) which have been fairly contiguous, most nations are more short-lived. France is on it's 5th Republic in the same time-frame.
America is way more than the gong show in charge right now.
Most of the 'tests' of it's integrity are due to really just that one guy.
But you're right to point out inherent problems with the Union.
Because EU is not a 'right wing flag waving' entity, we don't really think about it in terms of 'nationalism', but the EU has among the loudest, most clearly visceral and virulent nationalist supporters.
You can say anything you want about national governments but critique of the EU is met with a lot of rancour.
I've worked for EU bodies, it's full of well meaning people and it has tremendous value as an economic unions, but as a political entity it has existential flaws, too many to name, and it is absolutely an elitist project and it absolutely has a 'regulate first' attitude, which is quite upside down.
'Doing The Stuff' matters 10x more than 'Talking About The Stuff'.
Some effects of Brexit began right after the referendum (eg a business investment flattened since 2016).
2019–2020 are the worst years to start a comparison, because the UK uses a different accounting method to measure the government's contribution to GDP. So, COVID looks much worse in the UK and the recovery looks much better.
Business investment did not flatten after the referendum. Nothing happened after the referendum and the economy continued to grow, with unemployment falling to record lows.
Compare vs the prediction by guys like Portes, the author of the essay: "In the short term, we expect that a vote to leave would result in a significant economic downturn, with unemployment rising by up to 1.7 per cent"
People like the author have no credibility. When they say things like, "Most serious estimates now suggest that UK GDP is several percentage points below where it would otherwise have been" they don't address the fact that "serious" people previously made many failed predictions. Like always in academia, continuous failure is not considered disqualifying for the job.
Some people predict that asset prices will only go up compared to wages so if you buy a house today you'll be rich by the time you get old. There's a whole cult built around "SP500 grows 10% YoY".
And I don't buy into it. When I sold my late fathers home, about 30 years after he had originally built it, I sold it for a bit less than he had paid for having it built.
So no: Asset prices not necessarily always go up. It depends significantly on where you build/own and how that area develops over your lifetime.
But - this deferred gratification - paying a morgage now to pay less rent in the future is clearly a bet towards a future in retirement where one has less disposable income, so it makes - from my vantage point at least - sense to invest now to have more freedom later.
Others have freedom now - and need to potentially scale down later. Both are valid positions imho.
> your politicians hate independent people so they are not gonna encourage it
Your politicians are actually subsidising the rural lifestyle with direct and indirect transfers. Eg in Europe, you can buy land, leave it more or less abandoned and cash in agricultural subsidies.
The problem with this is that private health insurance is very cheap because there is an NHS that takes care of emergencies and does more than 50% of the rest. So your taxes keep your health insurance premia low.
Otherwise a comprehensive health insurance wouldn’t cost 200£ a month per person (I just requested a quote from AXA, as a 45 year old with no health problems, adding all packages, unlimited specialist visits and no excess)
Yeah, there's a reason why it's a standard perk for tech employees - they're dirt cheap to insure.
I'm a bit older than you, and the taxable value of my PHI is £140/month. I've not looked into what that covers, or what the excess etc is, and have never even considered making use of it.
And why would I? When I needed treatment in a hurry, I was blue lighted to Barts and spent two weeks in their ITU getting world-class care free of charge, with not a single thought given to cost or having to call my insurer to ask permission for particular treatments or whatever. Thank fuck for the NHS!
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