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by Veelox
450 days ago
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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 |
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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.