Earlier quoted context omitted.
And yet standards of living in Europe are comparable to those in the US, and preferable at the median. Our attention is captured by speculative valuations of unicorns, and yet people actually need real stuff made, drugs developed and made etc. Europe does perfectly well in many non winner takes all sectors where English language and network effects are less relevant. The political instability created by the US neolib…
Europe is much much poorer than the US, actually. https://pbs.twimg.com/media/F3PGpsrWEAEiplB?format=jpg&name=...
Unless you want to say that the US was much poorer in 2017 than it was in 2022 that's a fairly ridiculous statement.
Also, the highest productivity places in the EU have much lower hours worked per capita than the US, with Germans on average working 25% less than Americans and the EU as a whole working 13% less than the US.