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Krugman is a statist. The truth is that GDP per capita growth has been much slower in Europe than in the US since 2008 — except in a few countries that adopted
by Findeton 1y ago
Krugman is a statist. The truth is that GDP per capita growth has been much slower in Europe than in the US since 2008 — except in a few countries that adopted a more free-market approach, such as Poland, Switzerland, or Ireland.
- rbanffy 1y ago> GDP per capita growth has been much slower in Europe than in the US GDP per capita is a crude indicator that doesn’t capture the distribution of the GDP among the population.