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by InclinedPlane 4911 days ago
More so, the economic disparities throughout the US are far less than in the Eurozone. In the US, per capita GDP between states varies by about a factor of 2 (from mid 30k to mid 60k). In the eurozone the difference is closer to a factor of 3.5 (from mid 10k to around 50k). However, even that statistic is a bit misleading due to population because a lot of the lowest per capita GDP US states also have fairly smallish populations compared to Eurozone countries. If you add up the populations of all the US states with per capita GDP's less than 40k you get a total population of about 42 million. If you do the same for the Eurozone the total population is about 140 million, or nearly half the population of the entire Eurozone. Similarly, over 30 million people are living in countries with per capita GDP less than 30k, whereas even the poorest US state is higher than that.

Also, the wealthiest Eurozone countries are not as wealthy as the wealthiest US states, by a fairly significant margin. On the whole the Eurozone ends up being on average about as wealthy, in per capita GDP, as arkansas. The whole system is in need of far greater management than the US dollar but lacks the power to do so, and in total has far less wealth to be able to spend their way out of the problem.