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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

#801
post #655

Us Europeans are more 'detached' from the economy than people are in the USA. We basically coast along. We don't live on credit, but debit, and most people have zero investments outside their house. We're content and risk adverse and don't care much for the stock market (even though many people's pensions are tied to it). In places where higher education is cheap, or even sometimes free (like Sweden), there's less pr…

> The EU single market is largely a myth from the perspective of wanting to start a successful company that can compete internationally. It's not any easier now than it was before the EU existed. This is simply not true. There is freedom of movement for workers which means it's easy to recruit top talent across the continent. Remote work is also much simplified. There's no friction moving goods and company assets acr…

>Remote work is also much simplified.

No it isn't. Or more exactly, not my experience. Nobody hires remote workers in Austria for example due to labor and tax laws discouragin this.

If by simplified remote work you mean B-2-B contract from rich countries hiring cheaper labor in Poland, Bulgaria, etc then sure.

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

#802

Us Europeans are more 'detached' from the economy than people are in the USA. We basically coast along. We don't live on credit, but debit, and most people have zero investments outside their house. We're content and risk adverse and don't care much for the stock market (even though many people's pensions are tied to it). In places where higher education is cheap, or even sometimes free (like Sweden), there's less pr…

All the points you listed apply to India as well, with its multilingual states and conservative scarcity-driven mindset. Yet entrepreneurship is growing here at rates never witnessed before.

Indians don't coast like Euros. Average standard of living is much lower in India which motivates them to do things to raise it.

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

#803
The US dollar is the world's reserve currency So countries keep huge stores of dollars in their reserves because they need it for trade Then what happens is the US starts the money printer to pay for US government services This inflates the dollar and means that everyone who holds the dollar has lost value

Including Americans who are paid for their labour with dollars and do not own assets

So wealthy Americans/companies see an influx of money, asset prices rise and every other country gets poorer relative to the USA

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

#804

Earlier quoted context omitted.

So the people who are fed up with how things are currently going are according to your argument here either - manipulated / brainwashed - entitled / spoiled - outliers (the few who have it bad are too loud). - the problems can’t be fixed anyway - don’t realise how much worse it was in the past ? I disagree that the sentiment of the general population is not a useful indicator of how good things are going for the gene…

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

#805
post #588

If you go to the doctor with a problem and get a blood test and they say that everything looks fine, but you don’t feel fine, then you don’t say: “well the numbers are right, I should feel fine”. Rather you try to find what the numbers aren’t capturing, because you know something is wrong. Same with the economy. The perception of the economy being bad is really pervasive as demonstrated by the last election, and perc…

More so when the blood test is measuring something that was deemed important 100 years ago and doctor is ignoring all the advances in the field since then.

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

#806

Earlier quoted context omitted.

> The EU single market is largely a myth from the perspective of wanting to start a successful company that can compete internationally. It's not any easier now than it was before the EU existed. That's not exactly true. The single market has been a great thing for companies producing physical products. That's also what was in mind of the people who designed the single market. They wanted to unify standards for physi…

the fact there is no EU single market for services is why I was not concerned on a long term basis for the UK economy as a result of leaving the EU the UK is a service based economy, all growth from the next century is going to come from services, not by increasing cheese exports or trying to compete with the Chinese on battery production almost all UK startups branch out to the US before they try the continent no si…

>all growth from the next century is going to come from services

Why do I feel like many workers in the service industries are gonna be unemployed or working for pennies in the future following this hype leading to labor oversupply of service workers, while the likes of tradesmen will be making more money? There was even a south park episode about this.

The UK is already heavily fractured between the rich service based City of London and the rest of the country being relatively poor by comparison, especially the areas that suffered industrialization and haven't recovered and need constant subsidies from London.

Min-maxing a society like that doesn't usually end well but usually in some dystopian way, like rich workers needing to driver everywhere to avoid the masses of unemployed homeless people on drugs roaming the streets.

Not everyone can be a hot-shot banker or AI engineer, we should have career paths that can fit every level of skill and intelligence.

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

#807

Us Europeans are more 'detached' from the economy than people are in the USA. We basically coast along. We don't live on credit, but debit, and most people have zero investments outside their house. We're content and risk adverse and don't care much for the stock market (even though many people's pensions are tied to it). In places where higher education is cheap, or even sometimes free (like Sweden), there's less pr…

"The EU single market is largely a myth"

People in the UK might disagree now.

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

#809

Earlier quoted context omitted.

Perception can be manipulated in many ways. People get used to things and give for granted things that used to be luxuries a few generations back (see "hedonic treadmill") Combine that with active participants who control the media landscape and have a vested interest in painting a bleak picture so they can be the ones fixing it. And then of course there is the fact that things are of course objectively hard for many…

So the people who are fed up with how things are currently going are according to your argument here either - manipulated / brainwashed - entitled / spoiled - outliers (the few who have it bad are too loud). - the problems can’t be fixed anyway - don’t realise how much worse it was in the past ? I disagree that the sentiment of the general population is not a useful indicator of how good things are going for the gene…

Yes, people readily concerned with the defensiveness of their position are easily manipulated. The conviction towards or against a position is the subjective basis open to modification.

A battery of competing measures compared against historical trends are almost certainly the best gauge of how things are.

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

#810

Us Europeans are more 'detached' from the economy than people are in the USA. We basically coast along. We don't live on credit, but debit, and most people have zero investments outside their house. We're content and risk adverse and don't care much for the stock market (even though many people's pensions are tied to it). In places where higher education is cheap, or even sometimes free (like Sweden), there's less pr…

> The EU single market is largely a myth from the perspective of wanting to start a successful company that can compete internationally. It's not any easier now than it was before the EU existed.

Everything I've heard from small UK businesses post-Brexit says that the EU single market is actually pretty useful.

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