In next 20 years,will EU become poor like Africa?
Deindustrialization of EU |
Devaluation of Euro
|https://m.vk.com/@petri.krohn-rand-weakening-germany-strengthening-the-us
The relative prosperity gap between the two will certainly close. Europe has an advantage of already having a society with stable governments and populations used to living in a prosperous society for long. But obviously the current gap is just historical. Given enough time it will certainly close, and unlike the US, the EU is less focused on growth and more focused on policies for equality and other QoL metrics, which might hurt the EU in longer term.
They'll just keep finning US tech companies when they're low on cash.
By what mechanism does the VKontakte source propose this should occur?