Deindustrialization in Europe?

There has been a lot of press on how Europe is facing deindustrialization, where manufacturing employment is in terminal decline and the continent can no longer compete due to high energy prices, economic competition, and other factors. In today's video we try to work out if Europe is doomed and should pivot towards tourism - becoming the worlds museum.

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[Private-GtngxNMBKvYzXyPq]

For a time I worked for a US firm that was doing energy trading. My role was that I built a high performance computing cluster that they used to track pretty much every node and line on the US power grids with history of same as well as current and historic weather conditions. They developed predictive models to help determine what trades to make. It soon became apparent that limited supply of transmission capacity was the biggest contributor to profits. In other words, for some players there is a strong disincentive to upgrade the power grid and they profit from keeping us all dangerously on the edge. Given my experience, I am always skeptical about claims that upgrading power systems is too expensive. Just one anecdotal observation. Respectfully submitted.

[michaelandersonDTLA]

Hey Mr Boyle, Some of your younger viewers might only be aware of Will Smith as a movie star and the guy who slapped the host of the Oscars. So I felt it was important to note that Will Smith was initially part of popular RAP duo. (DJ Jazzy Jeff & the Fresh Prince), and thus this video does indeed align with your channels primary purpose.  Cheers! ☘️☘️☘️

[WhimsicalShark]

We are turning off Nuclear power plants....we are idiots

[rising_crust]

Now you’re a rap news AND a car design channel.

[jiiyl]

European countries should watch Italy, which appears to have started on the path of being a museum country, with an economy dependent on tours, museums, and pickpocketing.

[ishonk]

Single-handedly solved Volkswagen's and Germany's economic problems with a power point slide. Patrick is The Man.

[davianoinglesias]

How Environmentalists and Big Oil joined hands against Nuclear power is a topic that deserves several scientific papers😅

[rjsale]

Great to see you joining the new era for Eropean industry that is focused on PowerPoint engineering.

[atd]

I as a european citizen actually am among the few owners of a clothingcompany/brand with manufacturing owned by me as well, while also being manufactured in the Netherlands. 🇳🇱 Lets bring it back guys

[josenoventa]

Germany is now getting the full Detroit treatment, as described in E. Michael Jones' "The Slaughter of Cities". The same forces are at play.

[realruppert]

The most stupid move from Europe over the last 40 years was accepting to transfer manufacturing knowledge (built thru high costing superior education and R&D) to China in promise of having access to it's domestic market. Now Europe has no longer manufacturing knowledge nor access to China's domestic market (it never really had). Screwed !
And frankly, i dont blame the politicians, but the doctrinal macroeconomist who counsel politicians at the time. They were a bunch of idiotic neoliberal coconuts who seemed to really believe that the whole population would get a superior degree and that we would build a dominant economy around it. No more need for common manufacturing sector. Yeah, shure.

[LucasFerreira-cqqz]

If nobody works and earns money, who the hell is gonna buy all their stuff?

[byroncudworth]

"More complicated than Will Smith's marriage" 😂

[EvilMAiq]

You build wealth by producing goods and services that other people are willing to pay for. All other strategies are attempts to scam an investor by obscuring this basic principle.

[Mightydoggo]

Doesn´t surprise me, especially in Germany. It´s literally impossible to start a company, *any* company without VC or other substential financial backings.
But even if you could, the running costs for compliance, documentation, etc. are huge, before you even start making profit.

There´s zero reason to take that risk, even if you could, which most people can´t anyway.

[StevieFQ]

Ppl don't necessarily like the ipad on the dash. They hate the crapy yet overpriced infotainment systems being pushed out by car manufacturers.
Another example of the auto industry's failure to address customer's needs.

[RCTBR]

If only there was a form of energy that is clean, efficient and that has been around for over 50 years already! Maybe even something that can be done with uranium, I don’t know.

[Atombender]

Volkswagen is struggling because they were betting BIG on EV's. Now that the subsidies are gone, people would be paying almost €10k for the same car. And given the limited range, lack of charging spaces and other inconvenciences, customers aren't interested in overpriced and underperforming cars.

[ttystikkrocks]

Mr Boyle, you might protest that you're not a car designer but you've absolutely nailed the reasons why the VW ID Buzz will fail; it's far too expensive and doesn't at least have a PHEV option in the lineup. The other design aesthetics you mentioned are worth further study, too. Best be careful, Sir; people might get the idea that you know what you're doing!

Seriously, keep up the great work.

[MattheoBorey]

VW completely forgot their clients. Greetings and respect from germany. :)