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It may fall slower but it also keeps falling... US' GDP is now 80% higher than EU's. The usual retort is that Europeans are not chasing money and prefer to have
by mytailorisrich 2y ago
It may fall slower but it also keeps falling... US' GDP is now 80% higher than EU's. The usual retort is that Europeans are not chasing money and prefer to have good quality of life, healthcare, etc. but this misses the key thing that if your income falls behind little by little at some point you will no longer be able to afford those things... we're already seeing it.
- croes 2y agoThe usual resort is that the EU fears debt. Just compare US debt rising to US GDP rising.
- diggan 2y ago> we're already seeing it. Where exactly are we seeing this? AFAIK, most people in Europe still has access to healthcare, and still be able to have a job + free-time, with parental leave and more. Has that disappeared from any countries where it used to exist? I think the constant worry and focus on GDP is a great example of the differences of mindset between Americans and Europeans. As long as "number goes up!" is true, Americans seem to think that most things are fine and working alright, while a European might be more focused on things on the ground and around them in their daily life, rather than judging their quality of life based on how the economy is doing for the rich people.
- mytailorisrich 2y agoYou are both missing my point and perfectly illustrating it.
- verzali 2y agoYeah but you guys can't even afford to buy eggs...