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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

#251

Post by sirbutters »

mesk wrote: post #227

I'm thinking a lot lately about which country would be best for my future, and somehow US is never there. Maybe for me without family yes, but otherwise I see it like there, I would be one illness away from bankrupcy, one crazy kid with a gun away from family tragedy, one away from . Sure, being in top 10% is cool, but will my kids be also so lucky? And the middle class in the US already thinks they are struggling (h…

"hence the last vote".

You are implying that logic fits the results. It doesn't.

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

#252

Post by tjahsg »

These opinion pieces are so tiring. Talking points:

- The sanctions induced energy crisis exists, but is not the reason.

- The lazy Europeans are the problem.

- We need more tech.

- Trump will ruin everything.

All of this is false. There is no mention of the dollar status as the reserve currency, which enables the reckless U.S. deficit spending while shielding it from the consequences.

There is no mention of German industries, which had been productive, closing or moving abroad after the Nord Stream sabotage by one of Germany's "allies".

There is no mention that tech is overvalued and not a panacea. Russia does have Yandex as a Google replacement and it does not help. China has Baidu. So tech in the U.S. has been inflated by printing money, which the EU and China cannot do.

I expect more from a European newspaper than just telling Europeans to work harder.

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

#253

Post by aftbit »

mesk wrote: post #227

I'm thinking a lot lately about which country would be best for my future, and somehow US is never there. Maybe for me without family yes, but otherwise I see it like there, I would be one illness away from bankrupcy, one crazy kid with a gun away from family tragedy, one away from . Sure, being in top 10% is cool, but will my kids be also so lucky? And the middle class in the US already thinks they are struggling (h…

Anywhere in the world, you might be "one away from ." That's not a US-specific thing. The US is better at some things and worse at others. Obviously we all make these choices on different merits, but IMO don't live in fear.

Being in the group of people who has a choice of countries to live in _and_ being in the top 10% in the US puts you in the top 0.1 to 1% globally. Enjoy it while you can!

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

#254

Post by timomaxgalvin »

DataDaemon wrote: post #80

You are so lucky to be born in the USA: - Easy to do business - Great economy, high salaries, and funding - English native speaker, so you can speak with everyone and everyone can speak with you The EU is in a deep hole, with socialism and green communism next.

The EU is not in a hole. The US is just doing very well.

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

#256

Post by dennis_jeeves2 »

anon291 wrote: post #185
hmmm-i-wonder wrote: post #178

Earlier quoted context omitted.

>This, combined with America's relative freedom from prejudice, is an unstoppable juggernaut. It is absolutely insane how easy it is in the United States to be handed money with limited liability to go and do whatever you want with it. This is a true blessing, and we see it not just in venture capital, but in the plethora of small businesses, as well as the plethora of credit (for better or worse). I was with you unt…

As the child of non-white immigrants to this country... I simply disagree. We faced more discrimination in the country my parents left than we did here. My father was unable to be employed due to his skin color and social status in his native country, and became successful mid-level exec here in America, was given a mortgage, etc. Capital is available for people here without reference to social standing. Is it perfec…

>We faced more discrimination in the country my parents left than we did here.

Correct.

In most of the non-immigrant parts of the world there is discrimination that pales in comparison to what is supposed to be there in America. Most native born Americans have no clue how good they have it, despite things being as bad as it is.

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

#257

Post by ricardobayes »

naming_the_user wrote: post #148
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.

This feels like a huge generalization to me. The US, UK, EU and realistically most developed countries I would say have fairly similar quality of life within margin of error. I've travelled a fair amount and everywhere is basically the same. For an individual it's really going to come down to lifestyle and what you prefer. Some people like urban living and walkability, if that's you then you probably want Japan or ol…

https://en.wikipedia.org/wiki/City_quality_of_life_indices

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

#258

Post by thomassmith65 »

doctorpangloss wrote: post #100
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…

What I was driving at there is that we have seen a general shift (probably due to market consolidation, monopolisation, etc) away from quality and customer satisfaction. The plastic goods are just one tangible artefact.

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

#259

Post by eikenberry »

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.

This is assuming nation-state conquests are out of the picture.

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

#260

Post by eitally »

mesk wrote: post #227

I'm thinking a lot lately about which country would be best for my future, and somehow US is never there. Maybe for me without family yes, but otherwise I see it like there, I would be one illness away from bankrupcy, one crazy kid with a gun away from family tragedy, one away from . Sure, being in top 10% is cool, but will my kids be also so lucky? And the middle class in the US already thinks they are struggling (h…

This is the kind of comment written by someone who only knows a country from its headlines. The US, as a resident, skews wildly from the popular narrative in many ways much of the time -- regardless who is in charge.
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