Originally Posted by Jesus H Christ

Where did it all go wrong?

Like the core of everything. Energy. Two types of energy, oil that fuels industrial growth and labor. The Europeans never had a chance as we Americans control most of the fossil fuel markets by consumption and our military. China and India have the monopoly on cheap labor. In short, China and India are in an industrial revolution with our technical advancements, intelligence, and limitless supply of cheap labor.

This is why companies like Apple and their stock are so valuable. Their labor costs are 1/10th of what they'd be if made in the EU or the US. Also, companies and corporate heads will shed their citizenship for tax reasons and become cloud corporations and actually get government subsidies from countries to employ management there.

Where is this all going?

Globalization as the worlds being carved up into segments like any Corporation. Europe has exhausted most of their natural resources as they rarely if ever develop anything new. Better yes, new no. They've lived in a social excess for so long they actually feel entitled and why the EU is breaking apart. A simple comparison is Greece, a 55 year old factory worker can retire and receive a pension and full medical and in China, nothing in comparison.

Meaning, Europe and the US must crash because of globalization as it has to get so bad publicly, that our workers must shed any entitlement to compete with global labor as even skilled labor is not a valuable commodity anymore due to technology. This will never happen in the US or EU as politician would never be elected if they told the truth. So we'll just keep printing (defibrillator) until we all collectively acknowledge, hey it's fucking dead, lets rebuilt and move on.

That's our future and if you can't figure it out by now, well you're ignorant.