> high energy consumption
Just to address this separately: there is effectively energy rationing in several European countries, where the government intervenes to prioritize who should receive energy first (e.g., the Netherlands and Denmark).
Just to address this separately: there is effectively energy rationing in several European countries, where the government intervenes to prioritize who should receive energy first (e.g., the Netherlands and Denmark).
And Japan, South Korea, and Taiwan are also energy poor states that have been able to maintain capacity.
The energy excuse is true for some manufacturing processes like automotive in CEE which were pants that were built in the 1990s to 2000s and leveraged Russian ONG, but is a red herring for a lot of other manufacturing processes in Europe.
European states have a coordination problem as Draghi pointed out 2 years ago.
https://spectrum.ieee.org/taiwan-semiconductor
https://www.datacenterdynamics.com/en/news/tsmc-could-accoun...
Solvable but we need to be much smarter and redirect the fossil subsidies to reducing risk for grid-scale batteries and adding more grid capacity.
But yeah, we have one party that is most often in government that just loves privatisation, taxing workers more and the rich less, etc. and engages in a lot of short-term thinking. Apropos short-term thinking, one of them was a prime minister for 14 years and cut defense spending and did not even consider increasing spending when Russia invaded Crimea. And now he is the secretary general of NATO. Talking about failing upwards. Though he is probably primarily chosen for being able to communicate with Trump.
Water. Energy. Public transport (which is partially privatised). Healthcare has been a disaster.
Same thing for the UK but the results there were much much worse, especially the water (Brexit made it 10x worse). It was driven by the actions of the Unions in the 1970s (where they were taking the mickey) but of course went way way way too far. What was needed was to tweak the system such that the unions couldn't blackmail the Labour governments. Not to break it all up and sell it off for pennies on the dollar.
But no, this failure is due a mixture or privatisation and politicians looking no further than the next election, leading to structural underinvestment.
Oh, and the energy transition going faster than even the most forward looking scenarios anticipated.