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by lotsofmoney
1037 days ago
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An insane amount of money, world hegemony, and a very high standard of living. I’m not sure the average European appreciates just how comfortable life in the US is. And the average American doesn’t know that things they take fir granted are luxuries even to Western Europeans. Outside of a handful of small countries with specialized economies, European income per capita is at or below per capita income in even the poorest US state. Even the vast majority of poor people here have iPhones and cars and can afford to run their air conditioners at 68F all day. |
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World hegemony: mostly a function of the post-WWII situation, combined with our willingness to spend absolutely insane amounts on our military and use it to impose or at minimum encourage US interests globally.
Very high standard of living: the US has one of the highest GINI coefficients world wide, so only a median comparison (which is quite hard to develop) really conveys the differences accurately. Large swaths of the USA (notably Appalachia and also the desert southwest) have a substantially lower median standard of living than most of Europe.
Anyway, even if your claims about the USA were true, that by itself doesn't connect them to the VC risk/reward culture under discussion.