alt Hacker NewsThe EU is an ongoing experiment as well.
Europe’s biggest problem, I think, is its lost mojo. There’s plenty of good ingredients, plenty of challenges too. It can still go either way. Hell, at this rate it might outperform simply because US and China blow up due to domestic problems.
The thing about mojo is that it’s super hard to predict. It might stay where it is and Europe’s share of global GDP might decline to nothing. Or it might rekindle out of nowhere due to some impulse.
Either way, middle democracies are a somewhat threatened species now, and from their individual PoV an imperfect union might be much better than efficiently staying on their own.
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There are deeper structural problems when you look at the incentives inherent to government driven society.
While I do appreciate and even support the idea that the immense wealth available on planet earth should be more evenly distributed, and people should mostly be focused on raising families, deepening their philosophy, and perfecting their craft... (some societies in Europe are pretty laid back in terms of hyper-productivity culture)
Regulation is possible without paralyzing industry. Laws about the internet are possible without stifling freedom. Central planning is possible without crashing the economy so bad you end up with a regime change. It all comes down to execution and for the most part, it's been a series of failed experiments.
As much as I want a happy future for Canadians and Europeans, I just don't see the odds being super favourable.
> Europe’s biggest problem, I think, is its lost mojo.
Europe's biggest problem is that every decision can be vetoed by one of the member states. Which in practice means that the EU has very little power.