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Why America's economy is soaring ahead of its rivals

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Re: Why America's economy is soaring ahead of its rivals

#91

Post by JohnFen »

spiderfarmer wrote: post #31
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

As a US citizen, I look with envy on the quality of life in many EU countries.

Re: Why America's economy is soaring ahead of its rivals

#92

Post by RestlessMind »

spiderfarmer wrote: post #31
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

> The EU is number one in quality of life and that’s all that matters to me

Probably it is time for you to learn the plight of fellow Europeans then. The society is stewing for quite some time now, for example https://en.wikipedia.org/wiki/Yellow_vests_protests

The symbol has become "a unifying thread and call to arms" as yellow vests are common and inexpensive, easy to wear over any clothing, are associated with working-class industries, highly noticeable, and widely understood as a distress signal.

Rise of far right parties across Italy, Germany, Hungary, Poland, France and many other countries is another clear signal that EU's quality of life may not be great for everyone there.

Re: Why America's economy is soaring ahead of its rivals

#93

Post by spiderfarmer »

RestlessMind wrote: post #92
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

> The EU is number one in quality of life and that’s all that matters to me Probably it is time for you to learn the plight of fellow Europeans then. The society is stewing for quite some time now, for example https://en.wikipedia.org/wiki/Yellow_vests_protests The symbol has become "a unifying thread and call to arms" as yellow vests are common and inexpensive, easy to wear over any clothing, are associated with wor…

Being number one doesn't say it's good for everyone here. It says more about how bad it is in the rest of the world.

Also, here in The Netherlands the yellow vests were mostly conspiracy theorists who would pull something to protest against out of thin air. That movement died down pretty quickly.

Protests here are almost always against (perceived) government overreach. In most countries even being able to protest is considered a luxury. That's why you don't see that many in the US.

Re: Why America's economy is soaring ahead of its rivals

#94

Post by nickpp »

tossandthrow wrote: post #88
WalterBright wrote: post #44

Earlier quoted context omitted.

> endure unstable employment conditions It's also correspondingly easier to get another job. In Europe, making it hard to fire people means it becomes equivalently harder to get a job in the first place.

While it sounds great to add some zero-sum game to it, it is not entirely precise. > For all its economic power, the US has the largest income inequality in the G7. Had the job market been a zero-sum game like you propose, then the income inequality would not have been so dire in the US.

But said income would've been much lower - like in Europe.

Europe "solved" inequality by effectively limiting the upper range. Meanwhile the lower tier is just as low (or lower) than in the US.

People would still rather emigrate to the poorest state of the USA than Bulgaria or Romania.

Re: Why America's economy is soaring ahead of its rivals

#96

Post by nickpp »

JohnFen wrote: post #91
spiderfarmer wrote: post #31

Earlier quoted context omitted.

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

As a US citizen, I look with envy on the quality of life in many EU countries.

You can look closer, if you want. The EU is cheaper and cheaper for the American tourists.

And please make sure to visit some of the Eastern European countries, like Romania or Bulgaria too. They are part of the EU as well.

Re: Why America's economy is soaring ahead of its rivals

#97

Post by NeinMiez »

spiderfarmer wrote: post #31
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

[dead]

Re: Why America's economy is soaring ahead of its rivals

#98

Post by loxodrome »

spiderfarmer wrote: post #31
roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

The EU is number one in quality of life and that’s all that matters to me. If we work just hard enough to maintain and maybe even improve it, other countries can do their pissing contest.

I’m an American living in France for the past two years and cannot wait to move back to the USA. The taxes are so extreme and salaries so low that no one can even invest in the stock market. If I stay here, I will be able to leave virtually nothing to my kids when I die. The EU can take its 5 weeks of vacation and go fuck itself.

Re: Why America's economy is soaring ahead of its rivals

#99

Post by amsechi »

roenxi wrote: post #14

This is an interesting take, because it contrasts with GDP PPP [0] which is suggesting that America is in fact being overtaken by its rivals although it has managed to outpace the EU. China is claiming to already be ahead and India is well on track to gain absolute economic ascendancy relative to the US. And I expect that Asia is going to start developing some serious military muscle on the back of that because they…

[flagged]

Re: Why America's economy is soaring ahead of its rivals

#100

Post by doctorpangloss »

thomassmith65 wrote: post #22

That's an excellent summary of the economic state of the world. This excerpt is depressing... The challenge for other advanced economies is not just replicating America’s dynamism. It is to do so while retaining their cherished social safeguards. For all its economic power, the US has the largest income inequality in the G7, coupled with the lowest life expectancy and the highest housing costs, according to the OECD.…

> American FA*NG 'enshittification' and cheap Chinese plastic junk

Another POV is that the services and software that does the design, marketing, logistics, testing, certification and etc of the plastic junk is more valuable than the plastic junk, and all that stuff is made in the US. It’s still labor, sometimes it’s even bespoke one off software labor which might as well be manufacturing, the thing that it is not is factories. I don’t know why factories above all else are glorified. There is lots of labor in services.

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