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Most affluent European nations have seen net negative economic growth for the past 15-20 years, and in some cases for a generation (France and Britain). Now th
by adventured 4y ago
Most affluent European nations have seen net negative economic growth for the past 15-20 years, and in some cases for a generation (France and Britain).
Now they're commonly seeing population contraction or flattening.
They already have high taxes.
They're in deep shit and it has little to do with Capitalists taking over their healthcare systems. The math was always going to take them here. Only per capita economic growth to offset the aging and population shrinkage can save them, short of epic scale high income immigration.
30 years ago Germany's GDP per capita was ~$26,500. That's $57,000 inflation adjusted. The projected GDP per capita for Germany in 2022 is $48,000.
30 years ago France's GDP per capita was ~$23,800. That's $51,300 inflation adjusted. The projected GDP per capita for France in 2022 is $42,330.
30 years ago the UK's GDP per capita was ~$20,500. That's $44,200 inflation adjusted. The projected GDP per capita for the UK in 2022 is $47,300.
30 years to end up with a net contraction or otherwise close to flat. And these are supposedly the economic giants of Europe. In some cases it's even worse than it seems per capita, as eg France has added nine million people in that time; the UK has added ten million people.
The same scenario is playing out for nearly all the affluent European nations.
- chaostheory 4y agoThis is the best summary of what’s happening with the demographic bomb that is occurring in every developed country. It’s even starting to hit developing countries.
- deleted 4y ago[deleted]
- mmiyer 4y agohttps://data.worldbank.org/indicator/NY.GDP.PCAP.KD?locations=DE https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?location... As the World Bank dataset shows, Germany has in fact had GDP per capita growth - the 26500 figure you cite is in 2015 dollars, so it is already adjusted for inflation. GDP growth is never reported in nominal terms, but always in real terms, which is adjusted for inflation.
- pjmlp 4y agoTwo things are at play, the capitalists, and the nationalists that make everything for what would be new European citzens to be shoved away, people that could be paying for those taxes instead of caged in some camps waiting years for their future.
- unity1001 4y ago> Most affluent European nations have seen net negative economic growth for the past 15-20 years, and in some cases for a generation (France and Britain). Economic growth is a meaningless term in itself. There was so much growth in the US, and what did it do for the majority? A tiny ~1% or less got extremely rich. But the majority are not able to feed themselves. https://www.cnbc.com/2016/12/13/americas-dirty-little-secret-42-million-are-suffering-from-hunger.html https://www.cnbc.com/2016/12/13/americas-dirty-little-secret... > They're in deep shit and it has little to do with Capitalists taking over their healthcare systems. The capitalists took over the economy of entire Europe starting with Thatcher/Reagan. > The math was always going to take them here This sounds like religious sermon. There is a magical 'math', which makes everyone happy when there is 'growth'. Like how it obviously did in the US. ... That has nothing to do with it. Growth, or contraction, has nothing to do with people having public healthcare since public healthcare is run over the fraction of the GDP that people generate. If there are less people, there is less GDP, but less need for healthcare. If there are more people, you need more healthcare spending but there are more people that generate GDP. Its capitalism. Unequal distribution of wealth can never be sustained even with gigantic growth. Like the US demonstrated since Reagan.