The IT revolution and southern Europe's two lost decades
Can&#x27;t speak for all southern countries in EU but here are my impressions.<p>* At least from the people I know during the summer productivity drops because everyone is on a vacation to the seaside.<p>* People here seem to much more enjoy live. It is much more common to see young people just hanging around and socializing than doing anything productive.<p>* Tourism is usually the priority for those counties, not IT. This leads to high number of seasonal workers. Lots of people don&#x27;t want to work in factories and offices. They just work a few months during the summer in the tourism and during the rest of the time they enjoy life and do nothing.<p>* EU allows everyone to work everywhere and smart people want to be part of the technological hubs of Europe which just happen not be here. It is the same as in USA. I haven&#x27;t heard about any startup from Kansas, but plenty from Silicon Valley.<p>My two cents for the situation. EU has poured lots of money to these regions but very few productive things have come out. People just learned how to manipulate the system to get more funds. They are not thinking how to solve real problems and make people lives better, everyone is just trying to get money, spend them and then asks for more. The funds should be restructured to allow entrepreneurship grow. You cannot make inefficient system better by just giving it more money, you need to change the system.