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>The nationalist slur at the end of your comment was totally unnecessary though. Is highlighting the fact that the US is the largest economy considered a slur?
by hueving 10y ago
>The nationalist slur at the end of your comment was totally unnecessary though.
Is highlighting the fact that the US is the largest economy considered a slur?
- jacalata 10y agoThe comment about taking siestas was saying the US is the largest economy because people in other countries were lazy. Did you really think that it was the other half of that sentence being objected to?
- thr0waway1239 10y agoTo add some perspective though, because the US is the largest economy, the notion of working harder to achieve similar results to the US is quite the aspiration for the developing countries. Not to mention geeks like me (and probably others here) who are endlessly fascinated by how much easier it is to go from idea to prototype to production to profit in the US compared to just about every other country on the planet. The commenter could have just said that the 25% extra hours worked each week compounded into a much larger economy and omitted 'siesta'.
- eyelidlessness 10y ago> how much easier it is to go from idea to prototype to production to profit in the US compared to just about every other country on the planet Is that true? I honestly don't know, but my intuition is that it's true for a certain subset of projects and not others. Even if it is true, is the origin of that truth "working harder"? I sincerely doubt that. If I had to guess, the availability of capital is the leading cause. And that capital came from somewhere, but it wasn't all hard work.
- thr0waway1239 10y ago> Is that true? I honestly don't know, but my intuition is that it's true for a certain subset of projects and not others. Good point. I cannot offer you proof, although if you polled people who have lived in multiple countries, including the US, you would probably find a majority of them agree. Also, at the very cutting edge of technology, I think even small things can kill ideas, and the US probably does the least damage to the idea while it is taken from germination to profit. Maybe it is that small subset which has a cascading effect on the rest (e.g. Google, whose extraordinary financial success in search certainly cascaded into many things which touch people's lives directly). Interestingly, I have made this comment at what is sleeping hours in the US but is more closer to work hours in many other places around the world. And till now this is the only comment which has raised this question despite HN's global audience - not that I am not glad you asked the question, I am just saying that it is not meeting with a ton of resistance (yet). On the other hand, I wouldn't be surprised if my point is completely refuted with a mountain of evidence in the next few hours :-) > Even if it is true, is the origin of that truth "working harder"? I sincerely doubt that. My point is that everything is a sort of multiplicative factor when it comes to the size of the economy, and a nation where people are working nearly 25% more time than other nations (or at least the ones being compared here) can be a pretty significant boosting factor, especially when it is combined with the availability of resources and the productivity associated with what is called "human capital". > If I had to guess, the availability of capital is the leading cause. And that capital came from somewhere, but it wasn't all hard work. Not to say that the US has never made mistakes, I think they have at various times abused the power of their economic and military strength for mobilizing capital to their advantage (to put it really mildly). I don't know how to account for its effect.
- UncleSlacky 10y agoThis study (looking at the "Entrepreneurship & Opportunity" column) for 2015 shows Sweden at #1 and the US at #11: http://www.prosperity.com/#!/ranking http://www.prosperity.com/#!/ranking
- JoeAltmaier 10y agoIts a point of view. Partying all night and sleeping half the afternoon is definitely not an indicator for productivity. PC objections aside.
- drewrv 10y agoThe US has a larger population than any individual EU state. Comparing GDP per capita is fairer and puts the US between 9th and 13th worldwide, behind a few european countries. https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
- adwn 10y agoTo be fair, wealth from natural resource extraction should be discounted for the purposes of the current discussion. This would remove Qatar, Brunei, Kuwait, Norway, and the UAE from the top of the list. But then again, it would also lower the US quite a bit, so I guess the comparison is difficult. Besides, "the EU" does not exist when it comes to work/leisure regulation and attitude.
- allendoerfer 10y agoThe others on the list, which do not have oil, are inflated, because they have foreigners working there, who increase the GDP but do not count to the population. Essentially a part of Switzerland's and a big part of Luxembourg's GDP per capita belongs to Germany.
- PeterisP 10y agoUSA is much larger than any European state, but if we're looking at a whole union, EU has a larger economy than USA. Despite paid vacations, siestas and stuff.
- bravo22 10y agoAlso US leapt ahead while most of Europe was recovering from a devastating war.
- ionised 10y agoThe US was kind of like starting a game of Civilization on Chieftain difficulty with industial tech level, with oceans on two sides, natural resources abound, peaceful ally to the north and weaker country to the south.