The Problem With Italy’s Economy | Italian Economy

Italy has a long history of greatness dating back to the Roman Empire. However the country is now a shadow of its former self. It's Economy whilst not in complete ruin has some large structural problems which are set to unfold. High Debt, Low Birthrates and Low productivity spell out a potential economic crisis in Italy. The country looks to move down international GDP rankings, and stagnant real wages have taken its toll on the public. Italy elected Giorgia Meloni in 2022, off the back of some strong economic promises but can she really fix all these issues?

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[TheInvisibleHandCo]

Hey Everyone! More Videos on economics to come. In the meantime:
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[giancarlodirovasenda]

Thank you very much for giving a transparent and unbiased opinion of the Italian economy all the while being so concise. Unlike many other fatalist videos that are just there for clickbait, you underline the main challenges and solutions in a very detailed way. You clearly deserve way more followers than what you currently have.

[antoniotorcoli]

Nepotism in each and every sector, public or private, together with low wages and meager career opportunities are pushing Italy's best brains out of the country.

[henrybig]

As an italian who have been living outside of the country for career reasons for 11 years now, uk first now usa, i do notice that iN spite of all this facTs and undisputable data the quality of life in italy is higher than the places i lived to have a career

[glennnielsen]

You can't blame young people with ambition for seeking other pastures from the heavy burden the older generation has placed on their shoulders.

[xxxthirdparty]

As an Italian that migrated abroad, I can confirm all of this is true. Other factors that are not mentioned is high criminality, high tax evasion and bureaucracy that doesn't allow companies to be set up easily.

[matteneeng]

As an Italian i feel so sad about our country, once one the most important and recognized internationally, becoming nothing but a theme park for tourists with no political or economical relevance. Our strongest pros are not pros anymore while the cons are growing making our land loosing all the appeal built in centuries of history. 😞I hope one day i’ll be able to see my country to get back to the old glory it deserves.

[lucaenglishteacher]

A pretty grim, yet truthful, picture. The country has enormous potential. But corrupt politicians and a generalised aversion to paying taxes are big culprits in Italy’s economical decline. Which is a dreadful shame being such a beautiful country.

[PeyoteCoyote]

Basically the global issue is wealth hoarding over the last 50 years backed by policies to protect peoples wealth and prevent young people from being able to compete

[charliestips]

The production level for how many subs you have is insane!

[sriganesh_sharma]

As a person who studied and lived in Italy for almost 5 years, I can say that this is all true. Added to this, the rigidity they have in accepting a foreigner in the workforce.

[Fedepase]

As a young italian who reads a lot news, especially about the italian economy, I shared this video because is a perfect explanation of our current situation. Thanks a lot, you have a new sub👍

[pdruiz]

Italy is in a state of economic decline because old people have taken over the Italian nation at every rung of government and business. They don't allow competition and economic disruption from new businesses, and they swaddle themselves in very strict labor laws that make it almost impossible to fire old people. Thus young people are not given any room to come into the labor markets. The young are left to molder in highly unstable jobs without contracts or they flee Italy, taking their young energy and ambitions with them to other nations like the UK, Germany and America. The same is happening to Japan--the place is ruled by old people, for the benefit of old people. So Japan is also sinking fast economically. The basic reason why countries like the UK, Germany and America are still thriving economically is that they allow young people to come in and claim their spot in the labor markets. And in these three nations they're able to be successful career-wise and income-wise if they hustle and work hard. Old people have not taken over EVERYTHING in these three nations that are still growing.

[Snooper]

You forgot to mention the small medium size companies do not invest on innovation and tech. The crumbling side is mostly the south and not the south and center.

[uT_C]

Hi! You forgot to point out that the inequalities start from an incorrect tax levy that is poorly distributed between those who produce wealth with work and those who enjoy economic rent (homes property and financials income). Furthermore, tax evasion is a problem that no political party has really wanted to solve. Getting paid with cash and not encouraging payment with debit and credit cards shifts the burden of public spending even more onto employees. In Italy you can have 1 million euros in your bank account and not pay taxes on your house and benefit from public healthcare for free if you are over 65. It's a crazy world!

[Slowbiker]

As an Italian I’m pissed off with all the negative .they all predict the fall of Italy., but it will never happen

[Nacjo_Farmer]

Underrated channel. High quality content. I hope you get more subs because you deserve it.

[eliasre]

This is the best video on the economy of my country. Thank you for this, please upload more, I love the explanations and the attention to detail. Much love and success! ❤

[justitmoko]

Its great that Daniel Radcliffe found a carreer narrating economy videos online!

[severznk]

You forgot to mention "tax dodging" is a national sport in Italy.