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Macro-economy shows that EU is doing wrong as US companies outperform EU companies. Wealth/power concentration isn't due to capitalism but due to human nature
by lobocinza 3y ago
Macro-economy shows that EU is doing wrong as US companies outperform EU companies.
Wealth/power concentration isn't due to capitalism but due to human nature and society scale.
Even if success greatest factor is luck it still requires merit. By punishing success you're punishing people that put money into savings, that attempt to innovate and improve human society, that invest in promising areas. In the long term society will be stagnant. And I doubt that in the short term society will be more equal because forced distribution of wealth historically increases inequality.
- wokkel 3y agoMaybe companies, but they are not what should matter. As far as know the amount of poor people in the usa is also way higher than in Europe. If we take that into account i'd say that Europe is doing just fine.
- jganetsk 3y ago> As far as know the amount of poor people in the usa is also way higher than in Europe. If we take that into account i'd say that Europe is doing just fine. Citation needed. No, Europe is not doing just fine. https://www.noahpinion.blog/p/americans-are-generally-richer-than https://www.noahpinion.blog/p/americans-are-generally-richer...
- madsbuch 3y agothis is a strawman. you can't eat gdp per capita for dinner. yes, US people produce more waetlh for rich people. but they don't take home that wealth. try to find some statistics around spending power https://x.com/dima_heyqq/status/1758508340953448525?s=48&t=HFpDVya9Og6vdtYVsrbSrg https://x.com/dima_heyqq/status/1758508340953448525?s=48&t=H...
- fiestaman 3y agoFrom your link: Singapore – 7922 $ / month Qatar 5628 UAE – 5585 Kuwait – 5250 Switzerland – 5232 Denmark – 4894 Germany – 4667 Austria – 4484 Saudi Arabia – 4419 South Korea – 4076 USA – 4066 Canada - 4026 Sweden – 3666 France – 3556 Hong Kong – 3219 Spain – 3148 UK – 3127 Finland – 2827 Israel – 2770 Poland – 2753 Portugal – 2220 Russia – 2159 China – 1823 (urban non-private) 1053 (urban private) Thailand – 1769 Indonesia – 1051
- jganetsk 3y agoThat's all included in the article, which admittedly is behind a paywall. He goes into great detail, including purchasing power parity, means vs medians, etc. And the conclusion is the US generates more wealth for the middle class than Europe does.
- pokerface_86 3y ago[dead]
- lobocinza 3y ago> If we take that into account i'd say that Europe is doing just fine. If things are so good why Europe is being dominated by authoritarian populists?
- RestlessMind 3y agoWasn't it just last year that the richest man and the richest woman in the world were both French? A statement at "Europe" level is far too generic, especially when it comes to economic policies or quality of life. Europe includes both Norway and Moldova and the variance in the quality of life is much higher than Massachusetts vs Mississippi.
- madsbuch 3y agoI don't really understand this comment. I also feels it needlessly sets up a polarisation nobody asked for. I questioned the US paradoxes on philanthropy and meritocracy. For all I care, you can hold on to your "America first, whatever country second", "F*k yea, America" and all that.
- lobocinza 3y agoI'm not North American, the intention wasn't to polarize. I don't know what to answer. It feels like you don't like to have your beliefs questioned, so no point in talking.
- madsbuch 3y agoI am sorry about that. please question my beliefs! I am just a bit in doubt on what belief you question? you can derive from my statements that I don't think the current landscape in the US is entirely meritocraric or democratic as a single person can amass serious influence by investing in the stock market. you respond that at least the US is richer than the EU, which is probably right. But I don't understand what belief it challenges? That it should justify a less democratic or meritocratic system? please enlighten me :)