4 ms·
Problem is, most of that US GDP is going to a few billionaires. There's a massive impoverished underclass in the US, who are not going to be able to drive much
by malermeister 3y ago
Problem is, most of that US GDP is going to a few billionaires.
There's a massive impoverished underclass in the US, who are not going to be able to drive much consumption.
GDP is an incredibly reductive measure.
- _dain_ 3y agoevery country has an underclass. there is no rigorously defensible way to say that americans are poorer than europeans. none whatsoever.
- malermeister 3y agoEvery country has an underclass, the US one is just much bigger proportionally compared to the US one. This map speaks volumes: https://en.wikipedia.org/wiki/List_of_countries_by_income_equality#/media/File:Map_of_countries_by_GINI_coefficient_(1990_to_2020).svg https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...