Organizers of an annual satirical award for scientific achievement are shifting for the first time from the United States to Europe due to concerns about winners and others being able to get visas.
Does it though? The Euro is the second strongest currency in the world and Europe has a strong banking system. There is very much a chance it takes over the role of the USD. Also Europe is much richer on a per capita bases then Russia or China and much more open to migration. It is for example impossible for most everybody to become a Chinese citizen. So there is a strong chance that Europe starts brain draining the rest of the world even more. This is actually an example of that in a way. This might well end up especially bad for Russia, if they loose the war against Ukraine. That most certainly will end up crashing the economy and lead to mass emigration. That somewhat already started.
The EU does not have a strong enough central government to take this role. Not as long as any country the union can veto any action they want. They can’t even give aid to Ukraine despite like 90% of the EU agreeing to do so.
It’s taken them thirty years of work to even get the ability to do electronic credit transactions and they MIGHT get it done in the next couple years.
And yet, the Eu has given the largest aud of all to Ukraine so far. Hungary makes a fuss and things complicated but the EU can always fudge around it, it just causes a slight delay.
Does it though? The Euro is the second strongest currency in the world and Europe has a strong banking system. There is very much a chance it takes over the role of the USD. Also Europe is much richer on a per capita bases then Russia or China and much more open to migration. It is for example impossible for most everybody to become a Chinese citizen. So there is a strong chance that Europe starts brain draining the rest of the world even more. This is actually an example of that in a way. This might well end up especially bad for Russia, if they loose the war against Ukraine. That most certainly will end up crashing the economy and lead to mass emigration. That somewhat already started.
Whereas fortress Europe welcomes basically anybody?
There are only about 10,000 permanent residents in China. Compared to say Germany, where that figure is at 2.6million.
So compared to China, Europe is basically welcoming everybody.
The EU does not have a strong enough central government to take this role. Not as long as any country the union can veto any action they want. They can’t even give aid to Ukraine despite like 90% of the EU agreeing to do so.
It’s taken them thirty years of work to even get the ability to do electronic credit transactions and they MIGHT get it done in the next couple years.
For most issues the EU uses qualified majority, which does not allow vetos. The main excpetions are taxation and foreign policy.
So, you know, the two most critical elements to becoming a global financial and economic hub.
And yet, the Eu has given the largest aud of all to Ukraine so far. Hungary makes a fuss and things complicated but the EU can always fudge around it, it just causes a slight delay.