Invest Like the Best with Patrick O'Shaughnessy cover image

Samo Burja - The Great Founder Theory of History - [Invest Like the Best, EP.339]

Invest Like the Best with Patrick O'Shaughnessy

NOTE

The Decay of European Institutions and Impoverishment Predicted

The speaker predicts that European institutions will decay more than people currently expect and that significant parts of Europe may become impoverished. This is due to the lack of exceptional individuals who can make necessary adjustments in positions of power. The speaker uses the example of the European tech industry, which stagnates compared to Russia, despite Germany having fewer unicorns than Russia. Without active efforts to reform European governments, the EU bureaucracy, or key industrial sectors, Europe will continue to lose ground economically by one to two percentage points each year. Over time, this will result in a vastly different Europe, with people thinking of it as the formerly developed world.

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