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by Workaccount2
207 days ago
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GDP is a measure of productivity, which is (normally) corrected for inflation. The point you are making is exactly the reason why this problem is so existential for Europe. QoL is good, so nobody wants to change anything, or feels the need to. But structurally, Europe is not sound and European leaders know it (Just look at the surge in rhetoric about Euro independence). Do you know the story of the ant and the grasshopper?[1] Europe is in a 50 year long post soviet era summer. Most young (and now even middle aged!) Europeans only know summer, so it's going to be incredible difficult to get them to collect food for this mythical thing called "winter". [1]https://en.wikipedia.org/wiki/The_Ant_and_the_Grasshopper |
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North Koreans think the outside world is going to collapse because they aren't doing what North Koreans are doing, but it's all just propaganda. You need to distinguish what you say from this.
The surge in anti-EU rhetoric seems to be mostly coming from US propaganda bleeding over, and is still a minority.
People have been predicting the immediate collapse of Europe and the immediate collapse of the USA for decades.
Nobody on the ground, who actually buys groceries, trusts official inflation numbers. How much apparent GDP growth is actually just unreported inflation? I saw some food getting 50-100% more expensive over the last 5 years, which is 10% per year. What was GDP growth? Less than 10%...
Many topics condensed into a single comment to conserve rate limit.