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European Industrial Apocalypse: How Brussels Bureaucracy Crushed Manufacturing
754 sats \ 9 comments \ @TomK 2 Dec econ
The European manufacturing sector lies in intensive care, a victim of self-destructive policy decisions that have systematically dismantled industrial competitiveness. Latest S&P Global data exposes a brutal economic reality: manufacturing indexes are cratering at unprecedented rates.
Key Devastating Metrics:
  • German industrial PMI: 43.0 (Critical contraction zone)
  • Eurozone manufacturing index: 45.2 (Deepest decline in years)
  • Employment reduction: Sharpest since August 2020
  • Price deflation: Fastest decline in 15-year period
The root cause? A perfect storm of bureaucratic overregulation and strategic incompetence. EU sanctions against Russia have been nothing short of economic self-sabotage. By cutting access to cheap Russian energy, Brussels has effectively kneecapped European industry's global competitiveness.
The data screams a harsh truth: Energy costs are the lifeblood of manufacturing. By prioritizing political posturing over economic rationality, EU policymakers have transformed a competitive industrial powerhouse into a relic of former economic glory.
Hyper-complex regulations, green transition mandates, and geopolitical virtue signaling have replaced pragmatic industrial strategy. The result? European manufacturers are being systematically priced out of global markets.
With production volumes, new orders, and employment all in freefall, the EU's regulatory straightjacket has become an economic death sentence.
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87 sats \ 6 replies \ @Satosora 2 Dec
Over regulation will kill any society, and as history shows, germany wont be the first or last.
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20 sats \ 5 replies \ @Undisciplined 2 Dec
It is astonishing to watch in a culture so similar to ours.
It hits closer to home than reading about the collapse of Rome or the decline of China hundreds of years ago.
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28 sats \ 4 replies \ @Satosora 2 Dec
The usa is going down that path, too.
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20 sats \ 3 replies \ @Undisciplined 2 Dec
With any luck, America has either turned around or at least gotten onto another path.
We'll see.
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13 sats \ 2 replies \ @Satosora 2 Dec
Yes. We will see what this new president does. Maybe he will be able to steer the ship better, maybe not.
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20 sats \ 1 reply \ @Undisciplined 2 Dec
Very mixed signals so far
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40 sats \ 0 replies \ @Satosora 2 Dec
Yes l know. But biden isnt doing any better especially after pardoning his son. Im actually surprised he even remembers what he said before. His health has declined so much.
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21 sats \ 0 replies \ @Solomonsatoshi 2 Dec
There is truth in this. But it is also more complex. Yes European bureaucratic over regulation and incompetence are real factors. But equally there is another side to this. Who is now consuming all that Russian oil and gas that the EU refuses to buy? China. They get it at a discount on world prices and because of the sanctions Russia is now highly reliant upon China. Chinas government has a cohesive and effective strategy and is gaining from the Ukraine war on economic and strategic fronts. Chinas ability to both ignore USD/SWIFT sanctions and to supply Russia with a comprehensive range of manufactured goods and services demonstrates how China can now provide a comprehensive trade alternative to any nation - and other nations are watching. The days of USD global hegemony are numbered as Russia and Iran are already entirely caught within Chinas monetary and trade orbit. As for the EU- its economic problems are essentially its inability to compete with Chinese manufacturing. China controls the raw materials and manufacturing of a wide range of strategic supply chains and China does it all cheaper and more efficiently than Europe or the USA. China has won the trade war- all nations must trade with it, or suffer loss. The trend is clear ~ the decline of Western/US hegemony and the rise of China.
Libertarians will struggle with this reality because they discount the importance of the nation state in the wealth of nations...but the strategic importance of nation state power projection in the wealth of nations is obvious if you look at history and the current state of affairs.
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0 sats \ 0 replies \ @0xbitcoiner 2 Dec
With production volumes, new orders, and employment all in freefall, the EU's regulatory straightjacket has become an economic death sentence.
Do you have any charts showing this? Thanks
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