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20 sats \ 5 replies \ @Undisciplined 3 Jan \ parent \ on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending econ
All three are substantially poorer than America. There's tremendous loss in transfer systems. Not to mention that the politicized nature of the transfers ensures that prosperity will not be the primary aim.
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38 sats \ 4 replies \ @Satosora 3 Jan
Are they that much poorer? From what I gather, their system seems to be working. Happy people, less time at work, not super rich.
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20 sats \ 3 replies \ @Undisciplined 3 Jan
The poorest US states are similarly prosperous as the wealthiest European nations (not counting the weird little city states).
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25 sats \ 2 replies \ @Satosora 3 Jan
Are they really? Maybe I need to change my perspective a bit.
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20 sats \ 1 reply \ @Undisciplined 3 Jan
Take @TomK's posts to heart. Europe is in free fall.
We got used to thinking of Europe as a peer to America, but it's collapsed to around half the average standard of living.
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42 sats \ 0 replies \ @Satosora 3 Jan
That is what I grew up thinking. Have the royal families screwed it up that much?
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