[eertami]

Interesting, because this sounds like wild speculation - yet you've stated it as if it is a cold hard fact. Do you have any sources or statistics to back this up?

In 2018 the Swiss financial sector accounted for 9.1% of GDP. For comparison, in 2018 the US financial sector accounted for 7.4% of US GDP. To claim that it is _entirely_ banking is just plain wrong. To insinuate that there is no innovation elsewhere, (but there sure is in good ol' America), is just insulting.

>Financial markets in the United States ... In 2018, finance and insurance represented 7.4 percent (or $1.5 trillion) of U.S. gross domestic product[0]

>Switzerland’s financial sector ... as a share of gross domestic product (GDP). In 2018, it represented 9.1%[1]

[0]: https://www.selectusa.gov/financial-services-industry-united...

[1]: https://www.swissinfo.ch/eng/gdp_switzerland-s-financial-sec...

[loeg]

Somewhat more true of Luxembourg than of Switzerland.

> Luxembourg remains a financial powerhouse – the financial sector accounts for more than 35% of GDP - because of the exponential growth of the investment fund sector through the launch and development of cross-border funds (UCITS) in the 1990s. Luxembourg is the world’s second-largest investment fund asset domicile, after the US, with $4 trillion of assets in custody in financial institutions.

https://www.cia.gov/the-world-factbook/countries/luxembourg/... (2020)

[inter_netuser]

Sweden, Denmark, Finland and Iceland apparently all have higher median annual incomes than the US.

Why is it that nice places to live have such horrible weather?

[guythedudebro]

Bad weather incentivizes industriousness

[inter_netuser]

Strong argument against global warming?