If it keeps going like this the EU is gonna waste all its capital and become poor. Yeah, it looks like economy is still running, but you can't escape the laws of economics. Many don't see it because they're not into politics, but the EU, Germany, France, Italy are making an article 13 for all kind of industries, every day. Eventually you run out of capital (including willpower and time) and a slow descent become a collapse.

Of course since I'm just a nobody on a forum what do I know.

yeah cost of creating new business is going up, taxes and red tape around existing business are going up, taxes to the middle class are skyrocketing, welfare is dropping and everyone's wondering "why is Europe having a youth unemployment problem"?

Europe is not that valuable a market for advertising platforms. There is a reason why companies choose to monetize the US first before even attempting to monetize internationally and that is because US advertising revenue per impression is almost 3x what you can get in Europe.

That's not a bad thing.

I'm not arguing with that (I would also add that language fragmentation is still a problem). But it does not justifies incorrect blanket statements like above.

Nice to see Malta remembered for once :)

>> Not the biggest, but the richest

It depends on what you mean by rich. From a GDP PPP perspective there are issues on short, medium and long term when compared with other countries. For example: China is richer than the whole of the EU (incl UK). US is almost as rich as the EU. India is 1/2 and Japan 1/4.

*By rich I mean GDP PPP.

The EU isn't close to as rich as the US, the parent comment was far off the mark.

Not only does the US have about ~40% of all the millionaires on earth all by itself, its GDP per capita is 77% higher than the EU ($33,700 per capita per the Worldbank 2017 figures; versus $59,700 that year for the US). Its nominal GDP is also about $2 trillion higher, despite having roughly 200 million fewer people.

PPP is a near worthless measurement if you're a business trying to sell goods. It's the absolute last thing you'd rely on to gauge the pricing power in a market for a product or service.

PPP is worthless for a business. i totally agree. that's why i was asking the parent comment about what does "rich" mean for him.

but I agree with you that from a business perspective the US is de facto the place to be.