Posted on 06/05/2008 9:26:38 AM PDT by MARKUSPRIME
The Association of European Chambers of Commerce in Brussels warned that the transatlantic gap had widened yet further in the past five years by all key measures, despite the pledge by EU leaders at the 2000 Lisbon summit to transform Europe into the world's "most dynamic knowledge-based economy" by the end of the decade.
The EU-wide umbrella group, known as Eurochambres said the EU's overall employment rate was still stuck at levels attained by the United States in 1978, chiefly due to an incentive structure that discourages women from working and prompts early retirement by those in their fifties.
It found that the European Union's research and development levels were achieved by America as long ago as 1979, while the lag time on per capita income is 18 years. advertisement Click to learn more...
"It will take the EU until 2072 to reach US levels of income per capita, and then only if the EU income growth exceeds that of the US by 0.5pc," the study said.
Europe=FAIL
Obama and the democrats could do it in four years.
Europe will have to dump its overload of 3rd world types who insist on dragging down existing societies to the level of Sha’riah.
There must be some mistake.
Europe is vastly superior to the United States in every way. Have we not been assured of this great truth my the Media and the Democratic party for decades?
Cap and Trade is your friend Euros. That will close the gap by 50 years.
Yep they will be muslim dominated soon enough.
That's going to be a problem as the percentage of Muslims in the workplace increases. An economy cheated of half of its productive participants by religion is at an inherent disadvantage in competing with one that isn't. Bernard Lewis made that case 20 years ago.
However, this somewhat dark projection assumes that the U.S. is not going to undergo a serious decline in productivity, when there is a serious potential of it doing precisely that: nonsensical environmental strictures, for one example, insupportable social services for another. These would be self-inflicted wounds but that doesn't seem to be worrying too many people promoting them at the moment. We may well be forced to re-learn the same lessons that Europe has, and that can turn things around in a hurry.
[quote]The EU-wide umbrella group, known as Eurochambres said the EU’s overall employment rate was still stuck at levels attained by the United States in 1978, chiefly due to an incentive structure that discourages women from working and prompts early retirement by those in their fifties.[/quote]
These aren’t good things? Frankly, I would rather know my kids were being taken care of properly, and that I would get to be able to enjoy my retirement rather than drop dead within a couple of years of getting my pension, or worse, end up being found face-down at my desk, but that’s just me.
Unfortunately, in a British context, it simply isn’t true, more under Nu-Labour, more and more women are being compelled by financial reasons to take a job rather than raise the children, with the consequence that they end up as latchkey kids who are left to drag themselves up.
As for retirement, people are being forced to retire later, again for financial reasons, and the fact that companies are doing away with final salary schemes, often right from under the feet of employees who are nearing retirement age..
Which is why they are all so keen on “climate change” and “global taxes”, etc.
Heck, just listen to the Maxine Waters comment during the hearings with the oil companies. This is what is deep in their minds. Government running oil, health care, family matters, social matters, you name it.
The EU are just the Sovs without all the tanks.
The deep problem is that the underlying legal system of Old Europe is based in the awful French Code Civil, and outgrowth of Napoleonic Law that is itself an outgrowth of Roman Law.
It stinks as a legal system.
England and the US, especially the US, have been blessed by having the origins of our legal system in the Common Law. It is a system that permeates our society, encouraging innovation, investment, and personal achievement.
The Code Civil, however, is just the opposite, and it likewise permeates the structure of the EU. It is based on notions loathsome to Americans, such as power coming from a government elite, not the people; that activities not authorized by law are inherently unlawful; the assumption of guilt until innocence is proven; and that the purpose of government is to micromanage the small things, even as the big things are ignored.
Unfortunately for us, many Americans are enamored with the foul Code Civil, and encourage its promulgation, instead of the Common Law. One of our worst mistakes in Iraq was to try and preserve their Code Civil based legal system. It will be a burden and a misery to them, stifling their return to prosperity.
Had they not been hobbled by this inferior legal system, their economic and social recovery would have been twice as fast.
Brussels is doing its level best to extinguish the Common Law in England, though it will be terribly hard, and the English people will have to suffer greatly to have their liberties and sense of freedom taken away. But with the complicity of the English leaders of both parties, it will eventually happen, and the English will be subservient to Brussels, slaves to the undemocratic elites who rule.
The Norse nations, with their legal origins in Viking Law, will be an even harder nut to crack, and will take a century to deprive of their liberty. But the EU is determined to do this as well.
On the plus side, if America can just stop its own fools in both parties (and on the Supreme Court) from embracing the Code Civil, we will continue to dominate the world, as our Common Law based society is so much more efficient, everyone else will be left in the dust.
The self-appointed elitists in the US will lust for it always, thinking themselves nobility. And this is why it is always a good reason to keep them from power.
The only “Europeans” having enough babies to sustain the population levels are Muslim immigrants.
Spain, Greece and Italy will be unrecognizable compared to today. England will be even more dysfunctional than at present. France will likely be a fascist state. And I don't know where Germany is headed.
Poland, Hungary, the Czechs and a few others may find a way to develop into economic successes, but I doubt they'll be willing to carry the dead weight of western Europe at that point.
The goal is to force women to abort their babies, leave the home for work, have the state raise the remaining children, and destroy marriage.
In other words, destroy the Judeo/Christian culture.
Then they will have wealth.
Dare I hazard a guess and say you’re not a fan of us then?
;)
Writing us off already are you?
As you talked of England, might I ask you what has happened to the rest of the UK? I mean, you left them out of your argument, so are you suggesting they 1707 Union will have been dissolved? The nations are so intertwined that what affects on, affects all.
Or, did you simply get your geography mixed up?
Actually I am a fan of the UK. My family originally came from Kent,England. What I loath is the loss of sovereignty to the EU and the foaming at the mouth anti-US garbage thats been going on for decades. My allegiance is to the US and when people continually spit on my nation it tends to harden ones feeling towards said party.
My business is curretly being bought by some guys from the UK with a much larger corporation. They’re running from the political correctness, the multiculturalism, the basic stupidity of socialism to the US.
Unfortunately, our nation is also following in that direction- they have the advantage of a 10 year time machine, as they put it the other day. They know where we’re heading, and how we’re going to get there. They also understand how to position their business as things start circling the socialist drain.
We would do well to lisen to people like this- we have a few right here on FR, such as Scaniaboy, who’s seen it first hand in Sweden. He sees where we’re at and where we’re headed, and EU socialism is no picnic.
That’s an interesing perspective. Do you hae some resources to study that out?
Can’t please everyone i suppose.
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