201–210 of 767 posts
Here’s a better comparison. The thing that really hurt the Eurozone was the 2011 - 2013 recession that the US did not experience. Plus there’s a slower growth rate even in the good times. https://freedomandprosperity.org/wp-content/uploads/2022/02/... That said, these numbers are very misleading and do not show well what a person’s life looks like in the US. By my own anecdotal estimation, in the EU low and medium in…
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Was the UK included then excluded from the data? Perhaps explains the stagnation in the data How much does the FED has printed vs the ECB? How much of EU's economy was affected by the US extraterritoriality legislation? https://www.rferl.org/a/1095057.html https://twitter.com/RnaudBertrand/status/1665370246126125060
The chart says "Eurozone". Either you
1) didn't read the chart, or
2) don't know that the UK was never a part of the Eurozone.
If 1), read the discussed thing the next time before discussing it.
If 2), never speak about economics in public again.
Earlier quoted context omitted.
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I’d like to point out that the open door policy to refugees came because Europe was trying to escape the demographic trap and the collapse of the social safety net. The hope was that young refugees would become net positive GDP contributors for decades, an idea borrowed from the US. If that has failed, it’s due to a failure of integration. Europe can actually be quite a racist place and in many ways the US is better…
whose failure? Why are Europeans the default racists? The US is not even integrated and is going through large scale migration right now that has never happened before so the success of US integration is still too early to say. What does integration look like because the US has ethnic enclaves, everyone knows that.
It's absolutely right that the US promoted demographic change to Europe who followed along but the migrants lack the skills who arrive and I don't think this even solves the problem. It may exacerbate the demographic trap for various reasons.
Earlier quoted context omitted.
> I’d like to point out that the open door policy to refugees came because Europe was trying to escape the demographic trap and the collapse of the social safety net. Also, the US was bombing a couple of Middle Eastern countries then: creating the said refugees who could reach Europe on foot and/or boat, but not the American mainland .
It’s true, but as cold hearted as it is, they didn’t have to let them in. Poland sure decided to pick and choose. The Greeks are not having it either. One day there will be a massive wave of climate refugees rushing out of the uninhabitable zone and there will be US soldiers in the border guard towers with flamethrowers. The US will welcome immigrants when it suits them and roast them when it doesn’t. As I am in Berl…
Are you talking about Canada?
This is a bit of a frame trap. Here’s another metric: ==2021== Life expectancy in EU: 80 Life expectancy in US: 76 ==Rolling back to 2008== Life expectancy in EU: 79 Life expectancy in US: 78 What’s the point? Maybe GDP isn’t the most important indicator. The US can double it’s GDP by making healthcare more expensive and extracting every last dime from the elderly, but can it actually improve quality of life for peop…
What's the point of living an extra few years either? I'd rather die at 70 after having lived a healthy life, than 80 and suffered the last 10 years
Earlier quoted context omitted.
"- Your access to crazy advanced cancer treatments that are making progress at almost miraculous paces" If things were improving "exponentially" like you claim, our lifespan would be accelerating and these "miraculous" treatments would allow us to live 100s of years. What's actually happening is our lifespan is not increasing, and in some years has been decreasing. >>maybe you're depressed But if these "miraculous" "…
When I was a child in the early 90s, the likelihood they gave my mother to survive leukemia was slim to none. It was essentially a death sentence. And she died. Now if you get leukemia in 2023, it's something close to a 70% survival rate over 5 years with significantly better treatments. That seems dramatic to me.
This is a bit of a frame trap. Here’s another metric: ==2021== Life expectancy in EU: 80 Life expectancy in US: 76 ==Rolling back to 2008== Life expectancy in EU: 79 Life expectancy in US: 78 What’s the point? Maybe GDP isn’t the most important indicator. The US can double it’s GDP by making healthcare more expensive and extracting every last dime from the elderly, but can it actually improve quality of life for peop…
What's the point of living an extra few years either? I'd rather die at 70 after having lived a healthy life, than 80 and suffered the last 10 years
Earlier quoted context omitted.
In 2008 the dollar was historically cheap (70% of current), now it's pretty expensive. This swing is the main driver of this whole thing and means that yes, PPP is superior for looking at growth. Not ideal, but much better. Cheap imports are great for consumers, but a currency losing 20% certainly doesn't mean its economy has magically contracted 20%. If anything a weakish currency stimulates internal economic activi…
PPP cannot be used to measure growth at all on any level. https://www.oecd.org/sdd/prices-ppp/purchasingpowerparities-... Also GDP, GDP PPP and every other economic benchmark is calculated using CID - constant US dollar; specifically to avoid skewing results due to fluctuating exchange rates.
Unfortunately that does not make it the best place to live.
This is a bit of a frame trap. Here’s another metric: ==2021== Life expectancy in EU: 80 Life expectancy in US: 76 ==Rolling back to 2008== Life expectancy in EU: 79 Life expectancy in US: 78 What’s the point? Maybe GDP isn’t the most important indicator. The US can double it’s GDP by making healthcare more expensive and extracting every last dime from the elderly, but can it actually improve quality of life for peop…
What's the point of living an extra few years either? I'd rather die at 70 after having lived a healthy life, than 80 and suffered the last 10 years