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Canada, Australia, the UK, Asia, and the EU don't have the tech sector we do. If you look at the largest market cap stocks in all those countries they're ancient, many old banks and in some cases energy companies. Meanwhile, in this country, Apple, Microsoft, NVIDIA, Google, Facebook, and Amazon combined are worth over $10 trillion, or more than the total of any other country's publicly traded companies.
In other words, the United States has a concentration of brainpower that is unlike anywhere else in the world.
And brains are the single greatest creator of wealth in the 21st century.
I saw that news report yesterday. I was living in Germany for most of the past 3 years up until September, and I often saw or read news reports there on how Germany was at risk of losing manufacturing to other countries (like the US) where lower energy costs were available. This headline confirms that.
Energy costs in Germany are many times higher than most parts of the US, and companies that require a lot of energy (natural gas or grid electric power) for manufacturing are looking for options. The US has already lost a big chunk of domestic industrial production of consumer goods to Asia or Mexico, but Germany still produces a large percentage of consumer goods. I would not be surprised if at some point the new Miele plant will produce goods not only for sale in North America, but might even export back to Europe.
I saw that news report yesterday. I was living in Germany for most of the past 3 years up until September, and I often saw or read news reports there on how Germany was at risk of losing manufacturing to other countries (like the US) where lower energy costs were available. This headline confirms that.
Energy costs in Germany are many times higher than most parts of the US, and companies that require a lot of energy (natural gas or grid electric power) for manufacturing are looking for options. The US has already lost a big chunk of domestic industrial production of consumer goods to Asia or Mexico, but Germany still produces a large percentage of consumer goods. I would not be surprised if at some point the new Miele plant will produce goods not only for sale in North America, but might even export back to Europe.
It's not all bad news for manufacturing in Germany.
No one mention Greece,at first the Greeks look forward to being paid in Euro than its own currency,then it finds out businesses do not think Greek labor and products are worth its asking price in EU,in fact it is hurting its business.
As for an aging population spending less and producing less,the younger generation are rather conservative compared to us,they dont carry 5,10,20 dept stores and bank credit cards,and they do not carry a balance .
They keep their cars longer,and the houses are smaller,fast food is not as popular and they shun debt,like their parents do.
Oh,the average households do have $700 in savings .
Industries in Germany Overview: Industrial Production 3D Printing Industry
Additive Manufacturing
3D Printing Industry in Germany
Germany is an international 3D printing powerhouse. The country's global leadership in 3D printing innovation and manufacturing make it a favored destination for additive manufacturing projects.
The 3D printing industry, or additive manufacturing (AM), is a hugely growing sector around the world. The manufacturing industry has been quick to adopt 3D printing technology, with considerable untapped potential in the small and medium-sized enterprise sector.
My last gig was developing and manf 3D full color printers. Plenty went to Europe.
Because of their traditionally lower volume Manf (compared to Asia), 3D printing can fill a lot of variety and low volume manf needs. At least Europe still has the infrastructure and skillset to manf. Not so in USA, Canada, and UK. Those countries cannot flip a switch and restart manf. It's gone, except for the importatioon of green card holders who have hard skills in manf.
^^^^
Thanks for that, I was unaware. I still think the Mittlestand will be a net loser. Mittlestand markets particularly in Africa and Asia will find it easier, cheaper, and more convenient to do their own 3-D printing.
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Israel is also a 3D printing tech center. I would imagine the well funded countries will retain their technology and talent and be the 3d printing services for lessor capitalized nations.
It's a new and niche service that has a high barrier to entry, as materials and technology rapidly changes. You don't want to be stuck with a $500k USD 3yr old antique sitting in the corner.
I have a 9 yo neighbor that runs a 3d printing service, an he ships international.
Last week we hosted a youth craft market and there were several 3d printed products. One 12 yo sold out his $1600 inventory in under an hour. I'm glad there are plenty of youth and young designers pursuing AM. Europe will be at the forefront. It's critical to their future, they'll be there. And leading in their innovation and contributions.
The European quasi-socialist system works as long as you have a significant workforce to takers ratio willing to pay into the systems. Since the Euros didn't have kids and they haven't had immigration at the level of the USA, they are too old and stagnant and their taxes and regulations stifle innovation. Were I european, I would be seriously concerned.
I'm not very optimistic about the future of Europe unfortunately.
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