Could Europe get 'very, seriously dirt poor' in 10-20 years? AI competitiveness cited as key factor
teortaxesTex · x · 2026-10-23
johnloeber argues Europe risks becoming very poor over the next 10-20 years, citing: heavy industry uncompetitive against China (automakers rapidly losing ground), services industry uncompetitive against AI, no natural resources or regulatory hurdles blocking extraction, no access to the new economy (no AI, no data centers, uncompetitive energy), and client states stuck in one-way welfare ratchets that make spending reallocation nearly impossible.
teortaxesTex adds that Europeans believe they're entitled to "brand value," "IP revenue," and "established relationships" — but if those lose salience, their standard of living could erode quickly. The author argues this under-contemplated scenario ends, taken to its logical conclusion, with many countries far poorer.
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