Netherlands: Digging Deep Into The Dutch Economy
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- čas přidán 4. 10. 2021
- The Netherlands is among the top 20 biggest economies in the world, and a GDP per capita of over fifty thousand dollars.
There is this topic that individualistic societies are more likely to gain economic success collectively. The government traditionally had a higher regulatory role in the economy. It remains highly regulated but still a ‘market economy. In fact, it is arguably often referred to as the birthplace of modern capitalism with a history of The Dutch East India Company..
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The video also discusses "Tulip Mania" and "Greater Fool Theory”.It also discusses Groningen gas and it's impact on the Dutch economy as well as "The Dutch Disease".
The video also discusses certain behavioral economics aspects, employment rate, part-time employment, income inequality, wealth inequality, welfare programs and spending, household debt and housing, population density, tax havens and corporate tax avoidance, importance of Rotterdam, EuroZone and the possibility of Nexit, Agricultural innovation & Wageningen University, and Doughnut Economics.
#thenetherlands #dutch #Amsterdam
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The real reason why the Netherlands are wealthy, is because they send a “Tikkie” for everything directly afterwards.
Hahqhhqhqhqhqhqhhqh
Not realy
Lekker man
😂😂😂😂
hahahahaha
High rents is not only an issue in Amsterdam, but all over the country.
Rents are high buying a house is basically impossible at this moment :(
@@The_oli4 "Student loan debt will not affect your chances of getting a mortgage." -The government
"Hmm, yes we can see you earn x euros a month and you saved y on your bank account, buuuuuuuuuuuut that student loan debt..." -The bank
"Hmm, yes if I buy these houses here and leave them empty, I can wait for the land to appreciate in value over time due to demand." -The speculant
"Hmm, yes I will pay 20-50k over value to buy your house. Thus also inflating the value of the houses of your neighbors." -The landlord
"Hmm, yes lemme just buy some more houses to pay less taxes on my literal fortune." -Prince Bernhard Jr.
God, I love my country. :(
@@VarietyPieClassified what makes it even worse is that I for example paid of 20k already but it is still looked at as if I have the full dept left instead of just a portion of it :(
Yeah, they really are. I'm in the Randstad and the size of my flat for the rent I pay is laughable.
@@The_oli4 The system is flawed, dude.
Hope something will change soon, but I guess only time will tell. :/
Either way, we're all gonna make it brah. :)
Don't forget the dutch had colonized Indonesia in South East Asia for almost 350 years handle by the VOC (Vereenigde Oost-Indische Compagnie), the VOC at that time was the biggest trading company in the world, they sell the spice and crops from the colonized country. you can imagine how rich the Dutch for taking 350 years selling their colonized product.
and then Hitler and the german army came, we were poor as fuck.
1970 discovered gas field under the dutch land. this gave us modern welth
@@patnewway528 And next the Dutch government decided to give their gas away for next to nothing in another effort to be the best boy in class. And that's why Dutch taxpayers have to pay for the devastation of the houses in Groningen while the companies that profited all those years suddenly have declared themselves not liable. And the Dutch government has decided that the culprits of this disaster are not liable and the blame is on the taxpayer.
We said sorry for that 👴🏼
😣
And that's just one part of the NL's colonial history.
As an American, after working for a Dutch company for 7 years and with many Dutch people during that time, I have such deep respect and love for the Dutch. They don't do "uptight" or work their people to exhaustion like in the US. Very forthright, too, which I love. We could learn a great deal about life from the Dutch that would create a happier environment for living and work!
Very often Dutch work environments entail severe bullying- know a lot of burned out Dutch friends.
@@PS-ic4bpstill compared to other nations we do quite well
@@PS-ic4bp that is everywhere
Btw nobody in the Netherlands dances on clogs, just wanted to say that.
Edit: okay okay okay, some people. It's more of a rural thing.
Depends haha, where i live people walk on clogs 24/7. a couple of guys i know even walked "'de vierdaagse" on clogs.
Most do
@@dannyvste Where do you live than? I didn't think anyone still wore those.
I wear clogs, but I don't dance on them. They're quite useful for my job.
@@jaymills6691 Small village in gelderland, loads of farmers. but yea alot of people walk on them daily.
high rents for students is a problem all over the country
Not necessarily true, it's mostly the shortage in housing that is the issue.
Move to a village and it'll be alright
@@josselinolopesneves6882 Unfortunatly thats not true. Even in smaller towns rent is skyhigh right now. I cant even find a room or appartment for less than €750 in Zuid Gelderland.
That's not a problem the students themselves are a problem. 🙃
@@AnaisAzuli I live in Groningen, and in a remote village called Delfzijl, there are apartments that cost 350 a month for rent
I'm a Dutchie living since the 1990's in Australia.
What often strikes me as the biggest difference is the Dutch direct way of communication. If we have something to say ... we just do it direct to the person / entity who needs to hear it.
In contrast most Aussies prefer to talk 'about' someone and not 'to' someone. Resulting in miscommunication - stagnated communication processes and ... large scale failure.
Example:
In the Netherlands exists the 'product responsibility code' : a seller of say a magic machine is responsible for its good functioning. The seller can not redirect the buyer to the manufacturer to get the problem solved - the seller 'Is Responsible' and must in turn address the wholesaler of the product who must fix it. This may sound like a silly example at first sight - but just think about it:
By enforcing responsibility the whole chain of the sale all the way back to the manufacturer benefits: the product becomes better.
Combine this with the Dutch directness of communications and we have a recipe for success:
Every one is so used to communicate direct and demanding quality products and service that in the Dutch way of thinking there simply is no room for blaming for failures.
Here in Australia it is mostly the opposite: Indirect communication is rife , demanding quality a sin and the result:
Even in Sydney potholes are the standard !
So true
Prima voorbeeld
I'm Indonesian we have dark past with the Dutch but to be honest I always admire Dutch efficiency to do things, the way you explain that Aussies like to talk about someone and reluctant to say something directly is exactly the same with indonesian, instead solving problems it will create another problems and I hate it so much. 😂
if you tell a Dutchman that he is doing something wrong in his job, for example, and tell him how it can be improved, he will not see it as an insult, but as a gift
@@jeroenpoepaanzijn Perfectly observed. But not everyone is 'up to that' - in standup comedian Wim Sonnevelts parody 'de humor ligt op straat' [theHumor can be found on the street] he yells to a man standing on a ladder to repair the roof "hey man you're dong it wrong" - interested in improvement the man comes all the way down , ask what he does wrong , whereup 'Sonnevelt' in his drunk manner says " You should some one else have to do it for you and you could have a beer" .... and that is a recipe for an instant street fight ... highlighting another treat of the Dutch : Don't fool around !
I did miss the part of the Technology hub in and around Eindhoven. Where ASML is the biggest supplier in the world of lithography machines which produces the chips in all electronic devices. It started off small, but grew to be the number 1 player in the world
Untill you hear BELASTINGDIENST
Bruh
Hahaha
Huurtoeslag
Klopt
Fuck de belastingdienst
As a Dutch person, reading the thumbnail made me laugh immediately.
hahah same!!
Ik ook
Same
Me2
Same :)
I think you nailed it, especially in the beginning when you said, "if you are Dutch.." and "please share your opinion...̈, that was a stroke of real insight into the Dutch spirit. Oh, and cudos on the "bedankt". I couldn´t tell if you were Dutch.
Hah,share ur perspective here yet.
This seems to be a very interesting place, I hope I can visit sometime in the future. Seeing and sharing places like this is why I love traveling and make videos so much! And please keep up the great job! Subscribed!!
the high rents though, the prices are starting to get unreasonable big and it actually starting to become a serious concern.
Frrr (i’m from the Netherlands btw)
The problem is that there are more people wanting a house than there are houses available
h (I’m from the Netherlands btw)
Just look at the fuel prices... They're insane and I know some people who own attractions at the kermis. They actually shut down the lights for a short time to save money because it all runs on diesel... It's insane
Not starting it already is
The house i bought 2 years ago was 254k. A 4 bedroom 2 bathroom house really nice house
But if i were to sell my house now i could get over 400k
as a dutch person i can say that the only reason i work over time every day 7 days a week is 100% to buy either more weed or more stroopwafels
Weeeeeeed weeeeeeeeeeeeeed gasoline kinda smells good???!
straight facts
@@MrPenguinmakesvideos no?
stroopwaffel addict
or both..good combo
Dank u for making this amazing video about the Netherlands, very balanced and in depth. This is a very good introduction to our country
Thank you for watching 🙏
Tysm! Im dutch ans i rlly feel special when people make vids about our small country!
"High trust in government" that ship has sailed very far now.
That ship has been full circle a couple of times already lol
@@sxiz yeah, i think it is now in orbit and not showing any signs of coming back any time soon 🤦♂️
What is an natural stap in our evolution.
The government is shady and invests more in other shady businesses then fixing their own issues.
But it will all change soon enough. Relative seen with the eternity of time.
Hoi
@Thierry Parte while strangly enough it sometimes seems rigged.
Voting for people who can vote on topics what an small selection of other people can vote on. (And they decide)
Aka the first room.
Buying houses and rent is way too high in the netherlands there are many other factors that people struggle in the netherlands
Renting not in the North-East.
Crazy prices indeed
right
This is corruption! fuck this country
I'm 22 and I just want to live on my own, rent is crazy here in Amsterdam :(
i've worked in the netherlands, and in other countries, and i must say that their work ethics, organizational eficiency, unclogged comunication ways are the reason
plus the underlying understanding of their work force, it's needs, basic or not and the freedom to do whatever you want if it doesn't interfere with the others liberties.
This is a good introduction to the economy of the Netherlands. Do consider making one on the semiconductor industry in Taiwan as this is of strategic importance now. Thank you.
The Dutch firm ASML makes the machines that make the semiconductors - they are way ahead!
But what makes the Netherlands so wealthy? As a Dutchman living in South Africa, my perspective is that the Dutch look for opportunities to grow (not just to get rich quick), they are inclusive (rather than turning their backs on problems), they have serious resource constraints which forces them to develop opportunities rather than just exploit the next resource, they fix problems at all levels (instead of letting them pile up), they are down to business rather than political which means challenges get addressed instead of digressing into personal emotions, they are time conscious which means things get done, they are efficiency mad which means things get done cost effectively and sooner rather than later, they want value for money, they hold people accountable which means corruption is not rampant. There is a strong culture of education and protestant hard work. When things are done, they are done at a high quality standard, which allows them to fix one issue and then move on to the next instead of having to fix the same problems again and again.
true the answer to why we are wealthy here is becouse we used the time whare we could still steal recoures to the maximum and the colonies that where created to provide tea coffee spices gold silver later aluminium chocolate etc have been put under pressure to keep providing the materials for price that is not conform to our market
.the rest of it yeh dutch say just do your job , we work
Wie is er rijk dan? En op wat voor wijze? Grootste deel van Nederland is slaafs en geestelijk dood.
@@faramund9865 het fundamentele antwoord is dat diegenen die zich beschouwen als rijk, rijk zijn. En funny enough komt rijkdom hen vervolgens toe (niet andersom). Ragnar hoort niet bij die groep. Ik heb discussies over dit onderwerp met Nederlanders en we zijn het erover eens dat je met een laag inkomen voor Nederlandse begrippen moeite hebt om rond te komen. Economen zoals de maker van deze video slaan de plank mis met gemiddeld inkomen per capita. Je kan zeggen dat het gaat om wat je per Euro inkomen aan waarde kan genieten in je leven, wat ons weer terugbrengt bij onze ervaring, want wat is waardevol? Over het algemeen kun je toch beter arm zijn in Nederland dan in Zuid-Afrika (wat is “rijk”?). De andere helft van die vraag is terecht: “wie” is rijk? En wederom is mijn observatie dat in Nederland een groter deel van de bevolking rijk is dan in Zuid-Afrika. Kortom, de ongelijkheid is in Nederland niet zo heel slecht, en de armsten zijn relatief goed af.
@Ragnar Kittenbrok “goedkoop”, hoe werkt dat precies in relatie tot een lokaal inkomen? Ik woon in Zuid-Afrika om heel andere redenen dan geld, en als Nederlander kan ik meer geld verdienen dan de lokale bevolking. Aangenomen dat jij je identificeert met de armen, kom lekker deze kant op om perspectief te krijgen op hoe slecht je het hebt! Zie hoe goedkoop het hier is met wat hier wordt gezien als een laag inkomen.
@Ragnar Kittenbrok Mijn struggle is welke nieuwe leasebak ik moet uitkiezen. Tesla Model 3, Polestar of toch Hyundai Kona. Wat zijn jou struggles dan?
And it has the best bicycle infrastructure in the world. Nationwide
Less energy usage country in the world.
USA Energy hungry country in the world.
And the best weed
Also the best stoplights
And the best swearing
And it's the best place in the world for all types of criminals, sexually obsessed wackos and other dark minded losers. As long as they pay their taxes and stick to the speed limit of course.
Very useful introduction about Netherlands, thx.
Well... that was surprisingly nuanced and well researched. Not sure dedicating a large portion of the start of the video to tulip mania is all that useful, but it's a minor niggle. Also, keeping superficial but consistent tabs on financial development within my country, I must admit I've never heard of this doughnut model, so I'm not sure how pervasive this, let's put it mildly, philosophy, has yet become. In any case, good video, I'll do my part and share it in my circles.
My grandfather went to the Netherlands to study in 1971. He too was impressed by the marvellous engineering and their economy. I remember him telling me how many Dutch people would joke and say "God created land, except Netherlands!" Because of their sea level issue.
God created the world, but the Dutch created the Netherlands*
I have never hear anyone say that tbh
@@thomasappelflap4433 Yea,Yea,Yea, Biggest Economy??? By ROBING the World, Exploiting the poor and bringing Genocide to the world!
@@VN-je7rf Schools must be improved then, the phrase ''God created the world, but the Dutch created the Netherlands'' (or variations) are so well known.
@@numap4701 Every country has done so in the past, that is why it is the past. Not trying to justify it, it was horrible.. But name one thing that the Netherlands does today, that is as you describe because at the moment you just seem like an angry dum-dum without arguments. Anger doesn't suit you, or anyone for that matter.
It seems to me to be the result of science and the liberation of the mind. With so much land on the world, the Netherlands is protecting its tiny land and trying to grow it. What they've done in this little land is incredible. Science, art, agriculture, architecture, democracy, freedom and so more. Greetings from Turkey, beautiful people of the beautiful country.
Wonder if the Turkish people exported Tulips 🌷 to the Dutch during the mania.
Freedom is gone here my friend.
The netherlands is becoming a pile of crap without any freedom.
@@user-sf3fq6ov3b helaas wel..
Dont forget we still have a lot of probl3ms the goverment isnt that good
We have more people from other countrys
Thanks for the explanation. Very nice to know about it.
thanks chap, good video!
Small note: the VOC was at its prime in today's money, more worth than Apple, Amazon, and Google combined
Yeah but they were basically assholes to black people
@@antrinh9671 they were the first-ever company selling stock to investors. Which let to the first ever 'profit over everything' mentality. To get a crew for the ship they'd just empty the pubs at the harbor, about 2/3 wouldn't survive the trip. And since they needed profit asap they would force anyone to trade with them exclusively, for prices that they considered 'fair enough'. There are multiple examples known of farms having all their trees cut down or simply entire villages being killed if they expected that they'd traded with the Spanish or British.
And yeah, they'd enslave people everywhere. Rape them, kill them, sell them. Yet we still have statues of their captains and consider it our 'golden age'...
@@antrinh9671 not te be rude or anything, but that was probably every major western country at that time
@@rvdpadt All the things that you discribe are truely awful… Can you tell me where you got the info about killing whole villages if it was “expected” that they had traded with Spanish or British merchants?
Samuel Claessens Sorry maar hij heeft helemaal gelijk, hij praat over de slachting van de Banda eilanden.
We are a rich country because we pay €2.11 per liter gasoline and nobody cry.
Correctie €2.15 euro
Sheesh
I bet it's deliberate, meant as a policy to incentivize people to be more frugal
I would cry if I didn't own an electric car xD
@@tu12896 €2.15 euro de liter oh my... daarbij slaat de laatste crisis bij in het niet.
Very good ecnomic information with images particularly flower field.
proper content gents !!!
Have you ever crossed the border into Belgium by car? If so, did you notice the potholes on the road? Trash on the highways and poor lights on the road? Giving you the feeling that you’ve just entered a 3th world country? Well, the belastingdienst is the reason we have a well maintained infrastructure!
And the reason we have the "toeslagen affaire". hunders of children being kept away from their parents and leaving thousends of parents in dept and unjustified poverty
Most Southern Europe are very fast declining.... Brussels is Dirty like Paris and Southern Italian Cities.... Could you imagine that at the Brussels main Train Station, Ppl were defecating and urinating on the Floor in a broad day light in the 21Century? Touts roaming every where at the Stations as well. But when I got to Rotterdam I was marvelled by the Level of SANITY in every corner of the City.
Also worth understanding that if many of your people get around by bike you have less traffic on the roads. Less traffic on the roads means less money is needed to maintain the roads.
Actually the people who are workin on the roads are the reason for it. The belastingdienst only makes sure they get the money... :p
@@mounirh8229 it's still 100 times better over here then let's say across the border of Russia Moldavia Poland middle east
The Netherlands is a great country for companies. Because of the low taxes and deals being closed. However, normal citizens pay too much tax, which means that life is not exactly pleasant for certain groups.
@@Cr1tical86 You are not well informed about the reality Mr or Mrs crappy.
this right here.
@@Cr1tical86 so because some people are unlucky due to lets say complications, we have a low standard?
this standard is basically printed in our DNA and pushed upon us by the government because we have no other choice but to live with complications that are given to us by mother nature/at birth.
standing with our backs against the wall, trying to survive another day.. another week.. maybe another month.
you have no idea it seems.
it gets worse over time as well, while our gas prices go through the roof to warm our houses, to cook, to have warm water.. we are forced to choke and live from a dime a day which in this country is close to impossible.
Facts
@@Cr1tical86 jij snapt het
Though it does mention it in passing, and does show it in every shot, what this video underplays (in its script, not filming) is the quality and amazing scale of the Dutch infrastructure. This must be highly significant to the efficiency of economic operation and hence wealth of the country. It amounts to a mania (as it may be seen by the non-Dutch) for continually rebuilding things: roads, railways, canals, bike paths, dams, dykes, bridges, internet, utilities, ports and airports ever better and more efficient than before. This uniquely intense public investment in infrastructure must have its origins in the way the Dutch were always threatened by the sea, leading to an understanding of the necessity of pooling resources to build using public funds for the good of all. You can see references to it in history going back to the middle ages, so it is not new. It is also connected to the density of population of the country, with people living very close together, leading to less of the individualistic ‘my home is my castle’ attitude than is found in the (otherwise rather culturally similar) Anglophone countries, with far less emphasis in the law on the sacrosanct nature of individual property, which makes it basically easier for the state and local government to do this spectacular stuff everywhere.
this is a good point. I go often to Spain, a country that I l really like and that can build beautiful things, both old and modern. but one thing i notice that they NEVER reserve money for maintenance. (ok except maybe in the most important areas like city centers and rich business parks) but all the rest, it will be build with quality stone, and look nice and then 20-30 years later will look shabby and in disrepair. No matter where you go. potholes in the street, tree roots grow through the pavement, walls cracking, paint gone....
I was in awe when I saw the hundreds of bicycles parked in the parking structure. I live in the automobile capital of the world Los Angeles , Ca and I sometimes get lost and couldn't find my parking spot in places like the mall. I spent a week in Amsterdam about three years ago. Love those canal boats. . . .I think they're romantic.
Are you sure the Dutch are willing to work on weekends? Barely get anything done on Friday afternoon lol
I myself also always work on the weekends! 🇳🇱
@@ishaannag4545 I personally go to the office on saturdays! I'm from Utrecht.
Hahaha true
I do, in my garden, in my house and to help family and friends. But not for a wage. My wages are high enough to only work forty hours a week, so why work more? If the job is satisfactory, that is. If it is not, and you want to climb the corporate ladder, you invest in ambition with more hours.
@@reuwnen then you're the second Dutchman who told me so! lol
46% of Dutch households earn 28k per year. This is shamefully low compared to the costs of living. The Netherlands are rich, the vast majority of its citizens, aren't. Check out the data on Dutch Economy by the World Bank.
The median gross salary is 36k per person. So I don't know if this is true. If a household has 2 adults then the median household salaray would be 72k.
After Tax, then its as you say, 28k, but with a household with 2 working adults it would be 56k a year after tax.
That is because people accept to work for a low price. If you say a higher rate there are a ton of morrons who will work for less...
Most women work parttime though. Taxes are also very high. The energy bill is rising constantly because they want to go "green". This year alone the Gas price is going up by €900 a year on average. That is €75 a month, which is *very* significant for a lot of people. And it keeps on rising, alongside rents and gas prices are around €2/liter now too. I calculated today that if you have €2k/month AFTER tax (which a lot of People don't, unless they're Higher educated or are in the right field with experience). Then you would maybe have €200 left to spend on "fun" stuff/clothes etc. (Without saving). If your rent is €800 that is, which it isn't in larger cities (€1000-€1100 is "normal" there and at 2K a month you earn too much to get any help from gov). RIP. Good luck.
With the first Gas price I mean Gas for hot showers, heat, etc. The second I mean fuel prices*
@@Sam-ko8mt well you make it sound worse than it actually is. That € 900 price increase for the gas bill is huge indeed, but that was the worst case scenario, not the average scenario (that would be around €500 / year if you have a flexible gas price rate (still massive ofc), many people have a fixed rate and are not influenced by the price increase (yet)). Also, it is not cause by people wanting to go "green" as you call it. Prices of gas go up because demand goes up, but supply can't keep up. Demand grows due to economic recovery from the covid crisis, hoarding by countries/companies because a cold winter is expected and speculation because of that. Supply is down due to maintenance at Norwegian gas fields, a cold spring, problems with the Russian Nordstream pipeline and lower offered gas amount from Russia. And yes, CO2 emission rights are getting more expensive, but an average family uses about 1.500 m3 of gas, which results in 2,7 tonnes of CO2. With a price increase of €30 / tonne that would be a € 81,- price increase per year, significant but only a relative small part of the total price increase.
Good for you for going to study there and now working there.
I left the Netherlands not because I didn't like it but because I wanted to know what it is like living in other countries, I do miss it and a lot of things which I took for granted are not so normal in other places.
I moved east to the Czech Republic in 2019 and have been in lock-down here ever since (kind of a shut in) growing up in the east of the Netherlands every day there were fields with animals, I'd take the bike to forests the pool friends or school.
Going anywhere further public traffic was my first choice and I hated 2 hour drives in the car to family in the bigger cities, the city never appealed to me it was loud and so busy but not gezellig, it wasn't fun or welcoming.
Healthcare was never a concern and the only worry I had about school was which direction or field I wanted to study in.
If I had stayed I would have no doubt been happy with what I had, I'm confidant I would have learned a lot of the same lessons I have learned after leaving just without the first hand experience.
Experiencing it however did leave a good impression, I am proud of the Netherlands, it's not perfect but it does a lot of things right.
Our history has many unpleasant stories but I believe as long as you can condemn evil as evil you aren't evil, I do also believe because of the head start we have enjoyed that it comes with an obligation or responsibility to use that advantage for the good of others and this is again something where I am happy to see dutch engineers around the world fixing problems with their knowledge and technology.
Our current politics might be a bit of a mess but that might just be the times we live in, I see crazy wherever I look in terms of leadership.
For the future I hope we will maintain our culture and heritage and stay proud of our identity as a Dutch people, as long as we continue to work hard for a better community for us all then there is nothing wrong with standing tall proudly as a Dutch man should.
They exploited IMMIGRATRANT s
The high rent isn't just in Amsterdam these days, it's pretty much everywhere due to a shortage of rentable homes.
Hi are you Dutch?
@@celticharry5744 Yes.
@@Razer5542 Its actually a combination of not building enough, foreign investors buying houses and more 1 person familys. The goverment must start investing in higher apartment blocks.
It’s corruption by your government, preventing to new homes from being built. As simple as that.
I am Polish, but the Netherlands is one of my favorite countries. I have nice memories of the time spent there.
poland is better lol. NL is expensive
@@MilankoDebil More expensive means higher income.
I understand that. That's why we have so many unemployment, most workers are from Poland. Cheap...
And I'm duel national Dutch/Scottish, been in Scotland for 72 years now, with only a few short spells back in Nederland. Still got a soft spot for NL, especially Utrecht. People may, just like people everywhere, find it hard to have the standard of living they are sure they need, but what I see when I visit The Netherlands is well dressed, well fed, generally healthy people who appear to be good at making things work. Ik heb mijn moeder taal niet totaal vergeten al maak ik alerlij taalfouten er in.
@@eddiedutch1306 pvv tokkie , wij Nederlanders werken gewoon als watjes heeft niks met de Polen te maken🤫
As a Dutch person, I would like for you to know that your correct pronuciation of the word "bedankt" triggered my fight-or-flight response
😅😂
As an economist, this video made me curious. And you did an amazing job. It is fast, not boring, accurate, highlighting good points and bad points. In short: great job!
Thank you 🙏
As a dutchie, I can say he missed a lot of details and clearly focused on "The Randstad", even though the Netherlands has 12 provinces instead of 3.
It's the people. I worked with Netherlands people for seven years. Their approach to work is something midway between the Germans and the Americans. In Canada, the Dutch are regarded among the most highly respected immigrants.
That's so great to hear, I'm going to move to Canada in a few years
I think this might be a remnant of the Calvinistic work ethos. Dutch people often forget they work to live and not live to work.
As someone who has just popped out of that, I can tell you, it´s not a pleasant state of mind to be in. But it does create anxious people that are law-abiding and never feel they are useful enough or worthy, so that can be very handy. My mantra to ween people of this is: "you are enough, you do enough, you bath enough" Most people are quite happy about their personal hygiene, so the last one gets a laugh, driving home how self-made the painfull other feelings are and punching through the wall of self disparagement.
I lived and worked in the Netherlands way back in 2000. I still cherish the memory. Great nation and great people.
@Grand Ralph The Euro made travelling easier, and no redundant money in the wallet when the vacation ended. Price comparison is easier, no calculator needed. No exchange of money costs, but hey i guess tou want to go back to the gulden, het kwartje en de stuiver.
did we hire you, are you a coder? Woerden?
We are the best, Netherland's my country❤
@@erikaverink8418 jij bent me echt een potje teringdom. inlfatie van 500% in 20 jaar... GJ!
@@McBurner Het moment dat je iemand teringdom noemt heb je het argument al verloren. Je hebt tevens geen argumenten dat het met de euro te maken heeft. Of reken je nog steeds terug naar het gulden tijdperk ?
Volgens uw argument moet er gemiddeld 25 % inflatie zijn geweest in de laatse 20 jaar (500/20= 25) is dat waar of heeft iemand leugens tegen je verteld ?
Voor je domme (echt domme) one liners plaatst, weet dan ook zeker dat het waar is. Wie is er nou dom hier ? Mijn stem gaat naar u en uw informatiebronnen,
Originally I'm Egyptian not dutch but i been living in the Netherlands since 2020.
I love the Netherlands specially Den haag, Truly fantastic country. As software engineer I had the chance to work and reallocate to different European countries.
Comparing it with personal experience in France / Belgium / UK where i settled for few years, Netherlands is truly is another level and much better in many aspects.
All love to the Netherlands ❤.
How did you entered to ue?
@@ruffivermell5953 lol companies look for me . I don't. When you're high tech skilled like me you will understand what I mean and how I came
@@ahmedshoman8891 thats cool, I read about people who came with papers for work and had burocracy problems, even with the legal way they were "deported" and then refugees who did nothing except some criminal act could stay, same with illegal immigrant wich ar millions and nobody cant "deport" them easly. I dont like or really hate that doble standards simply as that
@@ruffivermell5953 it's all about which environment you choose for yourself and put yourself into.
Indeed such crap exists in almost all the countries but not in my case. High tech and IT is very demanded . Personally as highly skilled migrate in NL I get benefits even higher than dutch to encourage people like us to be here
We traveled and stayed in the Netherlands for 6 weeks two summers ago. Most of the young Dutch families we spoke with in the cities couldn’t afford to purchase a house and many are sharing housing or apartments. The quality of life is better than in the U.S. and the food is great. But daily living expense are high and many young people are priced out of real estate.
As a Dutch person who used to live in Groningen I can say that the gas fields are a really controversial topic because it has lead to earthquakes in the region and many people who live there feel like the wealth escaped Groningen to go to the Randstad which is the cluster of cities around Amsterdam, Rotterdam, Utrecht and The Hague
The Groningen gas fields is also one of the reasons our country is rich
indeed, however, the largest problem was with the government not helping the people that have a damaged or collapsing home, it took a long time, lots of paperwork, second opinions and then when things where fixed more earthquake damage came and it all started again. If the government had a pro active approach, had build-ed lots of earthquake proof houses for the people, that would have made a large difference. by the way its a part of the Groningen Countryside, the City of Groningen was only effected by an earthquake a few times, while, the countryside has several quakes a year, slowly taking a brick building a part.
All true but I hate the word ‘earthquake’ for this because its nothing like a quake. It’s the ground collapsing because of the gas sucked out of the ground forming a hole. Earthquake is the wrong defenition for this bro
@@SpyxlMC They described it as a train driving through your livingroom.
I’m not born here but I moved here 5 years ago and I have to say- I agree
Heya, to the question you pose about a nexit. The only way that would happen would be if eighter the PVV party from Geert Wilders or FvD from Terry bauttet would come to major power. And with how splintered our political landscape has become I doubt it would ever truly happen. Especially since both parties can't find any cooperation among the other parties.
As for the the rest it was a great vid. And a nice analysis in our economy.
Good educational information.👍
Interesting as usual. Wish you cover Belgium.
The best story of Tulip Mania was of a young man on return from a merchant venture to the colonies wanted some onion to eat with his eggs. So he stole what he assumed to be a small onion from a stall. As it turned out, the "onion" was a tulip that was worth more than the ship he had spent the last year on. He was sentenced to life in prison!
I didnt know😂
good grief
This is an urban legend though. It doesn’t make sense to leave such values lying about for anyone to take it.
dont lie on the internet
they dont even grew in the same season I PITY THE FOOL WHO MADE THIS UP
Nice video, posted a few weeks back, I do feel it skips over a few hot topics rather quickly:
- housing bubble
- energy dependency since shutting off the natural gas flow in Groningen
- growing political problems with not being able to found a new government in more than 6 months
- breakdown of educational system
Breakdown of educational system?
@@divat10 In the past decades investment in education has only gone down (cutbacks and relatively less budget per student). Also the education itself reverts away from gaining factual knowledge towards learning how to find the information you need when you need it.
Make it 1 year without government. But don’t worry Belgium was once for 5 years without government. So, we aren’t winning yet 😂
@@Vluggejapie2 if you mean student loan, it should be 100% on whomever wants to study. You can’t expect factory workers to pay for your medical education, can you? And in return when you become a doctor, you would charge them €100 per consultation.
@smurfiennes blue
One, i am pretty sure it is not what he is talking about.
Two, currently when studying to become a medical doctor in the netherlands you have to pay back all of your student loans, there is just no interest on the loan itself. Any student loan requested for a HBO or WO study is to be payed back in full by the person who took out the loan.
Three all consultations for general medical problems should be covered under your base insurance which is manditory to have as a dutch citizen (maybe some costs fall under "eigen risico").
My exact feeling after living here for 29 years.
''The analogy I came up with is that being Dutch and living in this country is like working in the family business - you'll never get fired, your upside is very limited, and your downside is non-existent as long as you follow the rules. Don't be the black sheep of the family, make sure to get married and have children at the appropriate age, attend all the birthday parties, and you'll never have to leave the bubble. It takes real balls to be a renegade here. Nobody is stepping out, nobody is rocking the boat, everyone is trying to keep everything gezellig, which in the end creates a soul-crushing sense of dullness, like a winter’s day in the Dutch “countryside” (a swamp with cows in it).''.
If you prefer violence and extreme inequality, you can always go to the US.
Amen. I busted out of that cycle though. There are people that do, but overall, you’re right. Living in the lap of this ‘luxury’ makes one lazy.
@@groomboek1978 Why the US and not russia ? Or why not Romania ? And outside of Europe, why not Brazil or China ? Only the US exists for you ?
Wat is dit voor slap gelul. Je land de schuld geven wanneer je geen leuke vrienden kan vinden ahaha
I consider this to be impressive. Could you please tell me more. My ancestors left Nederlands and settled in Żuławy. Tell me please more. You impressions are valuable.
19 seconds into the video. Wow. Veemkade. My very first job was at Blaauwhoedenveem at the age of 16 back in 1967. Thanks for the memories from a Dutchman in Colorado. 😎
I'm Dutch and impressed by the knowledge and well thought over commentary about our small country. Only thing I didn't hear was the profound knowledge of languages here especially English. That's also a plus in connecting with people and to trade.
Wauw meneer Maty. Wat een goede comment
This is true. Everybody speaks English, unlike where I live right now in Germany.
Haha!!! Wat een onzin.
Thank you for mentioning language knowledge! I am an American of Dutch descent, and blessed to have a long family history. My 7th great grandfather, Henry Jacob VanValkenburg, was born in New Amsterdam (New York) in 1640. As a child, his family's neighbor was an Indian interpreter. Around 1680, he moved to Fort Orange, or Beverwik (Albany NY), where another neighbor was also an interpreter. Beaver furs were traded with the Indians, primarily by children, because of laws preventing adults. He traveled the Colonies, settling with the Swedes in New Sweden (Maryland). He spoke Dutch, French, Swedish, Finnish, English and five dialects of Algonquin Indian language. He was a trusted "middleman" between traders, as are the Dutch of today. My son is, purely coincidentally, also a language Nerd.
@@wilfredvanvalkenburgh2874 Sure, the more languages you speak, the more international business you can transact. That's why the USA is on a downward trend because the vast majority of Americans speak only English. I speak 4 languages but feel most comfortable in either Czech or English and I recently visited Egypt where I was shocked at how many of the Egyptian people there speak English AND Czech. Shocked! Only 11 million people worldwide speak it, and we have one of the tiniest diasporas of any European country. That tells me that Egypt is probably a more interesting long-term investment than the USA.
Viva nederlands and greetings from Cyprus .
Every country has its speciality but the Netherlands has something extra .
You got that wrong , everyone knows it's London that's why they had brexit , London is the money laundering capital of the world .
As for Cyprus that was put a stop to around ten years ago .
You wrong tho. Gouverment is taxing us to death. Theres even a tax to keep renting prices on homes higher. Homes that are ment for people who have less money. Just 1 of the bs things
Every country has economic problems , under capitalism we have to accept this .
I was referring to the country and its people and what they have achieved , and beleive me the Netherlands is one of the best countries in the world .
@@roddychristodoulou9111 out of curiosity, how come you have such a high regard of the Netherlands? Did you live there yourself?
No I have not lived there , but my hobby is major engineering and the Netherlands has done some outstanding work in this area .
It's also one of the richest countries in Europe , I know every country has problems and issues but the Dutch people in general are the happiest in Europe .
Dank aan ons handelsmentaliteit! En ode aan de Goude eeuw!
Thanks I am impressed and I have visited the Netherlands
Coming from Korea where everything’s based on tradition and nothing really makes logical sense, it feels like basically everything in NL is based on scientific/philosophical knowledge so everything makes sense.
Unless you see the government
The reality is that no country is really based on scientific/philosophical knowledge. Science nowadays is so complex that scientist like me often have to focus on one narrow subsection of their field. And are nowhere near expert on other fields.
Imaging then how little lawmakers know about different scientific fields. Just look at how the corona crisis was handled here in Europe. Mostly just on popular opinion and guided by tradition.
Of course they ask experts, but the problem often is that most experts acknowledge that their point of view is just one of many based on contradicting evidence. So even when there is a scientific consensus. People will always point out that maybe scientist are wrong. So this means science is almost intrinsically confusing, and then it has to be interpreted by people who don't understand shit about it to make laws ;)
The dutch is wealthy because they stole from my ancestors and other cultures smh 🤦🏾♀️
@@CHRL.Shirin het was niet oke vind ik maar,
als jullie de zelfde macht en kennis hadden als ons hadden jullie het zelfde gedaan….
En anders zaten jullie nog in de steentijd…
En wij wilde gewoon handelen maar jullie hadden niet veel dus gaf jullie koning/opperhoofd ons slaven.
@@nlluke5207 ik praat niet alleen over de slaventijd. Ik heb het over het hele plaatje. Im not going to start a discussion with your proud self cause its going to be “just another” slavery discussion. En gezien je al praat in “jullie” en “wij”, Jullie houden ervan om letterlijk te nieuwsgierigen, bemoeien en zoeken tussen zaken die niet van “jullie” zijn om daar een slaatje uit te slaan. De ene noemt het opportunisme, de ander noemt het bemoeizucht, en genoeg noemen het diefstal. Whatever you wanna call it, fact is that it runs through your dna, that’s how you guys are programmed and that’s your style of moving through life. Kennis of niet sommige dingen hebben gewoon met het stukje respect te maken. Maar die manier van handelen domineert, so they cant help it 🤷🏾♀️
The dutch privatization was meant to lower prizes for public services, but the opposite happened. The government decentralized taxes, but thus the control on tax was lost causing more taxes and more individual tax rises. Likewise tje difference between poor and rich became enlarged because this cost rises left less income to invest in life development. Since that time polititianss are stopping holes instead of regulate
Got to love Thatcher and her privitization frenzy, right?
The actual cause of the high rents, besides the current asset and stock bubble worldwide, is actually a tax on social rents, ie rents below € 752,33. Below that rent, rent corporations pay extra taxes of about €1600 per year per home, removing most profit they make on them. This disincentivizes them building or developing more social rent homes. Meanwhile, if a private investor buys those social rent properties, refurbishes them a bit, and rents them for € 1000 a month, those taxes change to €160 per year per home. It's a CRAZY bad incentive.
@@martinos9334 Actually, people are way to hard on Thatcher. From an economic standpoint it had to be done. Those companies were run really inefficient. The UK had dramatically mishandled their social programs. Socialism can work to a certain extend, but it most definitely didn't work in the UK, not in the way they were trying to do it. You don't find politicians like that any more, that actually look at the long term consequences of their policies. I don't say she didn't do things wrong, or that she was a nice person, but the privatisation was needed.
Everything that goes private gets more expensive. It has never been any other way. Companies want to make profit, even if it's over the backs of others.
the high prizes has nothing to do with the economy but the lust for money by our government they are scum.
As a Dutch freelancer it’s really demotivating seeing these big companies use the Netherlands as a tax heaven while I see 31% of my profits disappear in thin air…
My trick is to not count them as profits until you´ve payed taxes. Then you won´t be disappointed. Treat the government as an irritating, but necessary cost. Because those are just the rules and we´ll have to deal with them. If it is not them, it´s another type of organized crime, which might turn out worse. It´s a package deal in which we can be freelancers, which, good or bad, suits our temperament. If I learned anything from this movie, it´s that without the tax haven, the economic climate would change drastically. It´s all interconnected and you really can´t change one thing, even if you had the power to do so.. so why dwell on it?
well, you can apply the same tax rules as the big companys do. Just make sure you don't make profit. Like a business lunch every day with a new company to do a job for ;) There is 30% of feed write off from the business. Stay in hotels for conferencing -> housing from business. and the list goes on
@@Ludifant word!
Very good documented
Thank you 🙏
"Bedankt for watching the video!" That really got me! Great video my dude, it was really interesting!
Thank you 🙏
@@EconomicRaven you are loco my friend
The country is rich, but we the people ourselves are not necesarrily prosperous. A lot of taxes and unless you bought your house over 20 years ago your rent or mortgage is insanly high. Living here is getting more expensive by the day.
Still it’s better than the US. Even more funny, in the end we pay less taxes than US citizens and get more in return. Go figure.
@@HerveMaas depends on where you are in the US.
And more and more people are coming to the Netherlands. Something that they shouldn’t do.
I think it is a problem you can see in almost every country nowadays.
@@HerveMaas No. You pay more taxes than a regular US citizen with worst salary.
i speak dutch and english but i live in netherlands and there is where i still live now but i love that you made a vid about netherlands where i was born and where i live!
the biggest reason why the dutch agriculture is so successful is the farmers them selfs there stubbornness is what kept the sector alive and is the reason the government started to look at ways to make the sector bigger and better to make more money of of it and thats how we became the leading experts in agriculture
I think this is a good and concise analysis of our economics. I always am a bit suspicious of such videos at first, since there are many scams on CZcams, but you have positively surprised me. Well done!
Yes!!! There's a lot of CZcams creators who have false info. They prioritize quantity over quality.
Rich on crime just like the British and French who killed countless other people and colonized countries and forced starvation and famine on them ; like how British is rich with $45 trillion stolen money from India which is now a poor country and eventually transferred that huge wealth to the settlers in USA
Tulip 🌷 came to Turkey from Kazakhstan, actually. But not many people know that part of history. 🙂🙏❤️🇰🇿 Wild tulips grow in Kazakhstn.
Tulip came from Central Asia. The end.
But Kazakhstan where not so clever to sell the product as local speciality …. The Dutch did and got richer.
@@furiousdoe7779 we gave it to Turkish. Since they come from same tribe we treated them as our brothers. Kazakhs truely believe in respect and promised words. It was like that forever. Dutch got 🌷 onion from Turkish in exchange of gold. I am happy that Kazakh tulip is known now through Dutch. Love from Kazakhstan 🇰🇿❤️🙏🏻
Thank you, from the United States. I had heard that my Dutch ancestors had gotten tulips from Turkey, but now I know where Turkey got them. I have also heard that the ancient Egyptians used onions as a form of money. Do onions also grow wild in Kazakhstan? Do you think the Egyptians might have gotten them from Central Asia? I've heard DNA testing has shown mummified falcons from Iceland were found in Egypt. This suggested the Ancient Egyptians traded with Vikings, or those who traded with them.
@@wilfredvanvalkenburgh2874 thank you for your message. Yes, tulips are wildly grown in Kazakh steps.
good morning , my life journey and career started when I visited the Netherlands in 1984!!!.Made great friends, experiences in agriculture and many many more. Today Im 67 and more to come out of this relationship. In Sha Allah
The division between rich and poor has also touched Holland. And yes, there is hidden poverty in that country as well.
It was never not there, you think we learned our divide and conquer tactics without testing them on our own enpoveridged classes first then think again
it's not even really hidden, and it's getting worse :(
Best (short) video on Dutch economics I've seen so far, gg
Thank you 🙏
Should be played in all mid school classes!
Disposable household income is dropping drastically each year. It is becoming alarming now. everything has become quite expensive. House prices, energy prices, insurance prices, grocery etc have risen sharply.
It’s not how much you earn, it’s always been how much you spend. I’ve seen in poor countries, hawkers can send their kids to uni with zero help from their government
It´s quite a drop from what we are used to, but we can still manage. I wouldn´t call it alarming yet.
The dutch are very practical minded and are always searching for solutions against low costs. I have an online education business in The Netherlands. Many Dutch businesses dominate the online education market in the world as well. Dutch people are highly organized. You can see this in infrastructure and buildings as well. They are good planners and innovative. Where there's money to earn, you'll find dutch people, with practical, cost-effective and innovative solutions.
Interesting. I enjoyed the historical nature of this video. 🌷 ⚘️ 🌹 🌳
Most of the Dutch are not rich. They can manage, but now, with the gasprices are going sky high many people will get in trouble. The rent on a house is expensive, health insurances are very expensive, taxes are way up. Over all it may seem so but there are many people who struggle.
Enge vlogger wel
@@LilPhonkOtt Flikker op man, laat haar lekker vlogs maken. Als zij het maar leuk vindt.
@@snaakie lekker tom 👍
My mom is contemplating on buying an electric stove because of the rising gas prices even though we just bought a new one. It's just not feasible anymore
Thank you for your honest reply 🌻
Really enjoyed the video here in Breda. Heard you briefly mention the 'nexit' proposal and I really hope we can avoid that. Import/export is the name of the game in the Netherlands. We still have trucks in England that can't cross the border because of paperwork issues. And they had years and years to prepare for it, we will not do better by making trading with us harder for other countries.
They are earning from centuries through one of the oldest profession in Amsterdam. Its never going to fail or dried out.
The Dutch East India company ruled Indonesia (by the usual colonial methods) for 200 years before it went bankrupt, forcing the Dutch government, who had previously ignored the rumours of atrocities committed by the company, to go in and take over the administration for the next hundred years. What caused the bankruptcy? Mostly corruption within the company, Batavia was a long way from Amsterdam. On the positive side, the Dutch left hundreds of beautiful buildings and the rudiments of a modern railway and road network. The Dutch Royal family apologised for some of the past misdemeanours only a few years back.
The Netherlands is an evil colonial state!
Correctie 400 jaar is het👍
yeah you think after almost 4 millenium we'll get something out of the colonization at least something like what the ex british colonies becomes today, but noooo. corruption reigns, ethics discrimination...good job..
Aaah the Netherlands rich because that's country stole from Indonesia. 350 year's they colonialism of Indonesia with suffer of Indonesian people's. So sad 😢.
The quality of these videos are unreal thanks for the awesome content
Thank you 🙏
Would have loved to hear the mentioning of "Brainport" which is the smartest region in the world with giant hightech companies like ASML and NXP
You wish, smartest region in the western world is Cambridge, MA.
Seoul, Tokyo, Shenzhen all have more innovative companies than the Netherlands as well
@@turgayy.3839 The Smartest Region in he world in 2011 was Eindhoven Netherlands, Known as Brainport, idk about 2021, or if it is Cambridge I didn't find any data for 2021. Also more innovative companies does not equal better companies in the sector, but I am not knowledgable on such matters reagrding quantity vs quality in tuhis sector of the economy
@@roderickgerard7853
If you believe that kind of nonsense then you are called a “normie”.
Now go and get your soy latte coffee.
@@andriesquast2028 bro if you can't backup your claims it's called being uneducated, whilst generalising people shows your inability to see past what social media and news tells you
@@turgayy.3839 Yeah, I wonder why the 3 of the biggest cities in the world have many innovative companies. Keep crying your country is declining. Besides, the Netherlands has better relations with SK and JP than wherever you live will ever have, so it really wouldn't matter.
Bedankt
The largest Dutch colony was Indonesia and the Netherlands was very dependent to the plantations before diversify their economy. It was a gruesome process of exploitation.
Yak betul bro
Living here 5 years, when he said “transport relatively inexpensive” i screamed 😭
Dutchman here. The high household debt is in large part because anyone who can afford it buys a house. It is considered a great investment as house prices are amongst the highest in the EU and are currently rising by 15-20% a year. This is due to a ‘perfect storm’ of a severe housing shortage, new European co2 regulation which makes it difficult to build new ones and a shortage of skilled laborers. Very low interest rates and mortgage payments entitling home owners to tax breaks further build a case for keeping an amount of debt.
Sorry, but that's leftist political talk. Buying your home is a smart investment because you effectively `freeze` your monthly payments whereas renting will confront you with increasing costs keeping up with inflation. There is also a small tax advantage as the net worth of your home is taxed lower than money in the bank, especially now that it gains practically no interest at all. Obviously there is also no benefit whatsoever in the price of your home becoming higher as you can't sell it without requiring replacement (which has risen by at least the same factor).
With respect to these rising prices, the main cause for that is income disparity levelling enforced by the government. The truth is that in leftist thinking home ownership should not exist at all, however they endorse it because studies have shown that people tend to treat both their home and neighbourhood better when it is their property compared to having it in use. That doesn't change the fundamental thought though that people who can pay more should in fact pay more. Thus when mortgage interests drop and cause the resulting monthly payments to become lower than the rent for homes that are reserved for poor people that would be considered extremely undesirable. And that is the sole reason why prices are significantly higher today than a few years ago.
It's an illusion rich economy ,the 10 percent of the rich have the 70 percent from country s wealth and the rest have debts .The future from the students and starters looks bad with this bubble houses situation.If things done change the new generation without not rich parents they will have big problem s...
Look how expensive becomes becoming "green", while no one stop China from contaminating what they want
@@punjabiman6951 but sometimes also with incomes also you cannot buy a house ?.?.i don’t understand where the success from this country…?
@@KM-qx7pn ATM, the house market is fcked.. example i bought a new house 6-7 years ago, im at a
surplus value 300k+.. that is cool for me but not cool for the younger generation. avg. new house here are about 400-500k. and they predict it with increase a other 6-7% due the low stock on the house markets..( i think it will take a other 5-6 years) And the succes from this country are from the big companys like shell,Unilever, Philips, PWC, and many bank companys.
Thanks!
Looking forward to seeing Bangladesh learning even MORE from their happy, happy Dutch Cousins !!😂😮😅😊😅🎉🎉🎉🎉🎉❤❤
Not having mountains, canyons and deserts every 20 meters also really helps I think
It certainly does. Our country is incredibly flat, so transporting goods and finding suitable land for something new becomes easier.
Norway says Hallo
I dont think thats an excuse. Creating a country beneath and under sealevel is more challenging then living in the mountains.
Well we created land out of the sea. That's not easy to do either. Countries with a colder climate somehow are richer. Look to Norway.
@@QuandarNl As I said
This channel is on its way to become a gem 💎
Thank you 🙏
it is a gem.
Just got from my European cruise, visited Amsterdam, Volendam, and Marken. Gorgeous state with nice people and delicious cheese. I feel like I want to retire there. The infrastructure feels so ahead of the US, where you need a car almost everywhere
While mortgages themselves aren't a bad thing for individuals, it is the banks who carry the mortgages and trade in derivatives that are at risk. We have seen the damage in 2008 with the US market tanking badly on the back of these fancy zero down payment type of lending products. Hope the Dutch Banks are managing their exposures well!!
do a video on the Portuguese economy
the Raven will fly over Portugal soon!
I worked in the Netherlands (which I will probably go to work again), in the Greenhouses which the good thing is they give a place to stay but paying weekly about 90€, and it would be 1/4 of my monthly income, and was kind of "lucky" to think that people giving about 1600€~ for Rent + electricity and such..
I was in Leiden in June, and boy was I impressed with the country.
My brother Paul and I are part Dutch on our mom's side of the family.
So.. why is the NL so rich? It would have been better focusing on a single aspect of the Dutch economy rather than copy paste a bunch of information taken from Wikipedia and put them in a video just for the sake to make one.
Well it is mentioned very briefly. The Dutch were among the first to have large colonies to exploit. Or as he called it "the birthplace of capitalism."
Yea this video tells very little about the Dutch economie and isn't coherent at all. Also dedicating a third of the video about tulpmania(although a fun story) tells absolutely nothing. The Dutch disease also a interesting phenomenon but tells also very little about anything right now. It's like giving a school presentation in first grade.
@@quarionilphukiir3583 What the hell are you talking about. NL is rich, because it is one of the most important trade country in the EU. Many people from the Netherlands were clever and bought German houses, which gives them good rent. And they reinvested their money clever: they bought shares of companies world wide, a lot in Germany again. The 30 biggest german companies give a lot their profit to foreigners, because they bought shares there (not bc of WW2): mostly to Chinese, US-people, GB-people and people from the Netherlands.
Yeah true
@@quarionilphukiir3583 the idea that western nations are rich due to colonies is so outdated. after WW2 virtually every western european nation was devastated, plenty of countries are on par with us despite not having colonies (Norway - Korea - etc etc). colonies mattered very little in the end.
Great video, kind of dissapointed you didnt talk about seed breeding and export, but the rest was very informative
I know nothing about economy but I really got impressed by your explanation and detailed information you delivered. Although it was really hard for me to understand what you were talking about but I want to sincerely appreciate your remarkable work. I think I have to watch this video multiple times to grasp those information and ideas, but it really worth it. You helped me to see how economics of a country is evaluated by the experts.
🤓❤️
Leuke video's