well let's grab our global more of the biggest most important trading blocks on the planet ,by hand julie old-world to Europe to tackle dong mbak daddy of all trade bloc the most successful economic slash political organisation of states in modern times if not for all times challenging the very nature of the nation state concept itself. Yes, that yet any union you. if is the most shine or best most also most compelling most intriguing entity all all right now but didn't permit trademark standpoint but so it is so awesome why didn't i start with this one fires history but now after i went through the rest of the planet bedtime is so big and so complex and so complicated and has evolved into so much more that i had to tell wait till the and get to it now and i'm gonna try to this is briefly as possible because i'm going to talk about the european union great detail once we get to work europe reject first and foremost
uh... it is a trademark it did it's kind of hard to see that today's world because the e_u_ has so much more but it is first and foremost a trade block that's how it started and that continues to be its undisputed strength of this talk a lot of other things i have some people disagree with a lot of things that he was doing i'm talking about people within the e_u_ bob i have a lot of things it does nobody is arguing that the trade stuff is that everybody thinks that trade is also has made a riches all it's great at with twenty-seven states now in its membership anne it's a economic juggernaut in the world its g_d_p_ is somewhere in the neighborhood of sixteen to seventeen trillion dollars here that you did you call the member states economy simply altogether under it you were brought that would bebiggest single economy on planet earth it bigger than the united states g_d_p_ again as if you take the e_u_ as a senior hole which increasingly the world does and that's why i want to talk about some here it's just so much more than three blocked mailto it boggles the mind is fast becoming what on-call the united states of Europe but i'm getting ahead of myself as usual why did this twenty-seven states juggernaut this huge entity which is impacting all parts ofthe globe now why did it start in Europe in a wor Barclaycard because the europeans for very long time have actually now i have been working together economically or politically had not been challenging the idea of the nation state perpetuating conflict between each other between their barry individual nation states you might have heard a few of these conflicts end world war one or world war two or out thousand other wars in european history here were forced to suffer through a class and that high school so this is a area of the planet which for most of its history has collided with itself has destroyed itself time and time and time again and when you have a low-tax and smaller wars between just one or two countries back
in the olden days of some twenty years ago there's death and destruction but it really to the death and destruction of the twentieth century to put a cap on all this madness world war one was bad enough which a level of europe but when world war two occurred everybody realized they were not there lived through world war three so it really was the spark that started the e_u_ was perpetual conflict
which led to alternate ultimate destruction the twentieth century which got european bankers thinkin
and saying how can we not do this again uh... we sign treaties with each other in the past week believed signed off at appeased up in the past a promise not to attack each other and eight never worked how can we now in the twentieth century really bind ourselves together so that we can't go to war with each other again as a really smart people came up with the answer economically bind yourself together format union as it were and economic yet again and what you're talking economically it will cost both parties money to attack each other's so you won't do it long story short
and it's worked out very wellnow they give you no longer story knowledge of india the short version uh... and uh... nineteen fifty one nineteen fifty two days after world war two ended road tour in nineteen forty-five and europe was low level to destroy and the entire cotton and had to be rebuilt wellwe need to rebuild the company uh... heehee dot have your buildings in industries and bridges and roads and you need uh... spiel and cold calls a major energy source of the time cd energy and he needs to go to rebuild all the stuff so nineteen fifty one nineteen fifty two so very forward-thinking countries basically got and economic union packed together i'll call the e_c_s cstanding for the european colin steele community now again it's business plan on trade it wasn't free trade it yet uh... it was more than economic you need to control these crucial resources and he's countries got together said hey look let's not compete with each other for these resources we all need them we all need this stuff to rebuild and we don't want to immediately get back into a competitive thing again we just did that in world war two so let's work it too to control and regulate these crucial resources i got so much concerned that you know all the time line all the acronyms here but i do want to know who the original six work who signed a cdc asi back in fifty one uh... it's what i call the really european core band and still now and the original six france ,Germany, Italy , Belgium nederlands anna luxembourg of the real continental core of power they work they still areand they're the ones that kinda started this let's work together to rebuild now a this union involved over time uh... they had an atomic l european atomic energy agency they created 'cause call wasn't enough for the new atomic energy so they created that under the stock onto the same umbrella yacht and they caught up in nineteen fifty seven said he was kind of merge these things together are collins the opening at our top thing and you know what let's not start talking about opening up borders for trade we've got our economy is back on now in the fifties let's start opening trade with each other lowering tariffs lowering trade barriers we can all make more money in our country's go for it and that's when they may be ec so they see the e_c_ the european economic community or just the e_c_ the european community whichever i don't care but that was part of the nineteen eighty seven nineteen fifty-eight and displaying his just continue to grow ever since then that's the basic mechanics of how it worked and it just kept getting bigger and bigger and bigger for last decades and decades and decades by nineteen ninety three is when they adopted the formal european union title that you know no in today's world and at the same time they had the intent to create an account of currency which of course they have not done our current comic economic policy of political union where they don't like a parliament for the entire continent a
legislative body common military procedures and maneuver story to be worked out while all these
countries all have an individual military we don't want them fighting anymore remember
or military together as well wow i mean that's a major big-deal very quickly see that it's gotten it beyond a simple economic union started as kind of a not real free trade union but economic union
emerging to a of free trade pact which merge into all whole lot more and there's been major expansions along the way as more more countries in europe said hey can i can we can actually
signed up to resign up now why would i be why would i continue to grow awhile but other countries one into this union of the original six mode trash facing driver any economic union and we've talked about it is that it does prove itself very quickly when you lower terrace you increased trade between countries everybody gets richer and the original course six got in the fastestand other a country singer cycle we want to know that you can come on let's free trade with the entire block not swine continued
to grow and grow and grow into this sixty and a half trillion dollar g_d_p in today's world but you might also ask yourself well i mean i can see what luxembourg once again fastball airport how do you see my porch go once and therefore wineries countries want to stay and i mean think about this germany is uh... number four a comment by earth now was numbered three back then our friends is a top ten economy u_k_'s in top ten connie why would a wrench countries wanted because dudes in today's world then i want to get richer to do and the free-trade block is the best be able to do that and and we're going to go it alone even germany being the number four economy on planet earth couldn't compete with the united states one-on-one jaata smack they want 31 to ask what happened good they compete with rising china right now uh... the chinese back not so much less belgium nine blueprint that now as i can compete with the u_s_ or china but as a single collective economic even
rihanna they can't and they did what can be evil is the single biggest economy our planet earth and it does compete with the other uh... big boys like the u_s_ china japan they even with gene raising the roof and raising the bar ever read a lot of interesting questions too yes it here's a cake ashtray block
he has a free movement of goods and services but there's virtually no tariffs at all i know of between any goods between any of the member states anymore and on top of that three movement of labor
three movement uh...people yarrow lab that's the big unique thing that they started and not many other trade blocks have done it yet but some of them are thinking about it once you are a team member the people in your country can freely walking to all the other twenty seven member states
go for it you don't even need a passport they phased out passports so do you have to resolve those meetings were ne