The REAL Reason Europe Is Going BROKE

Chris explores the stark contrast between the entrepreneurial mindset in the U.S. and Europe. Highlighting the cultural and systemic differences, he explains why America fosters trillion-dollar companies while Europe lags behind in creating businesses of similar scale. From financial openness to risk tolerance, Markowski breaks down what drives U.S. growth and what Europe must change to remain competitive. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris.

Speaker 2 (00:14):
Markowski doing business the United States versus Europe. I've recently,
I've talked a lot about Europe and the problems with
Europe and their inability to grow and the reasons why,
and a lot of it. Quite frankly, it is socialism

(00:35):
and it's again, it's embedded now there. And if they
want to change, if they want to get away from
being in essence, a open air museum, you know, Walt
Disney World for adults, they're going to have to change

(00:56):
their attitude. It's the reality of the situation. Again. Certain
people over there again, they know that and they're able
to take care of it. But here's some this is interesting.
All six of the most valuable companies in the United States,

(01:17):
the six most they're all worth over a trillion bucks.
They've been created in the last fifty years. There's not
a single European company valued at more than one hundred
billion that has been started over that period of time.
Now this was sent over. This was actually a bit
of a lecture by a European to again to the

(01:41):
fellow citizens of Europe about business here in the United
States versus Europe, and basically said, Okay, I'm British, I'm European.
He said, I've been spending time here in the United
States and discovered the ocean between US isn't water. It's
a mindset. Some of the truths that he put out

(02:07):
financial openness. Americans freely discussed salary deals and revenue. Europeans
are guarded and awkward on money matters, belief and possibility.
The United States big plans. What are we going to build?

(02:28):
Why not? Let's do it. Let's go in the Europe
I don't know why bother this is why we expand
and they can't get out of their way. They stifle
a rising tide mentality. Americans celebrate wins with genuine, infectious enthusiasm,

(02:57):
high fives, let's go celebrations Europe again, they cringe a
little little envious. Who does he think he is? One
attitude here in the United States lifts boats, theirs sinks them.
Focus learning how to focus. Every win is basically it's

(03:24):
shared with questions, what worked, how'd you do it? Can
you teach me successful Americans we like to study success.
Europeans they become suspect of it, risk tolerance. It's okay

(03:45):
to fail here in the United States. It's okay to
fall flat on your face. Okay, you failed. Ah, took
a swing and you miss. We actually teaches the kids
talking about, hey, how many times Babe rute stuck out? Now,
how many shots did Michael Jordan miss? That's okay, get up,

(04:06):
pick yourself up, move on. In Europe, it's like a
generational stain that we try scrubbing off behind closed doors.
A speed of execution. The United States, let's go, let's
make this happen. Let's move on this, let's go, let's
get it going. In Europe, Oh, let's be realistic. Has

(04:30):
got this issue, it's got that problem. It's gonna take
this long. Everything is a worst case scenario, every reason
not to go out and try. Britain in particular is
going to lose ten thousand millionaires this year, going to

(04:50):
lose ten thousand millionaires. The United States were forecast to
gain over four thousand where money flows again, we have
everything in place to continue to grow. Here in this country.
With that being sent, the world would be a much

(05:15):
better place, would be a much better place if Europe
was competitive, if they could pick themselves up and get
themselves out of their own way. There's almost like a
day goes by. I don't read another sad story in
regards to demographics of certain countries, and how again Greece

(05:36):
and Italy and Spain always paying people to move there
in these little towns because they're empty, they're not having kids.
It's stagnant. You need to get people excited about building
and growing again and again. It's about attitude adjustment, quite frankly,

(06:00):
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