This general consensus is part of why Trump gets support for his recent trade and defense comments and actions. Also, from an economic perspective the US has been successful and has poured that success into different buckets than Europe would prefer but that's fine, let the US be the US and let Europe be Europe.
Numbers for anyone curious
US gdp per capita ~$82.7k
EU gdp per capita ~$41.1k
GDP of Mississippi and Bavaria, Germany are about the same.
You would be simply insane to think that Bavaria wasn't far far wealthier than Mississippi though.
This doesn't show the limits of either the US or European ways of life but rather GDP itself as a figure. It has it's uses but that's it. Lay people are far too dependent on GDP as a meaningful indicator of wealth. Professional economists use a variety of metrics to compare and contrast different areas and systems.
All that GDP per capita and there are still hungry children in West Virginia and single mothers that can't afford to eat healthy food because of their medical debt.
s_dev|11 months ago
You would be simply insane to think that Bavaria wasn't far far wealthier than Mississippi though.
This doesn't show the limits of either the US or European ways of life but rather GDP itself as a figure. It has it's uses but that's it. Lay people are far too dependent on GDP as a meaningful indicator of wealth. Professional economists use a variety of metrics to compare and contrast different areas and systems.
skyyler|11 months ago
Shame.
pjc50|11 months ago
MattGaiser|11 months ago
“We’re rich” is not a reasonable defense against hurting people, yet it is consistently what Americans choose as their defense.
PartiallyTyped|11 months ago
All evidence shows the US is a failed democracy.