What Happens When Europeans Find Out How Poor They Are? (opens in new tab)

(wsj.com)

2 pointsharambae6d ago2 comments

2 comments

Nothing will happen if the comparison is the US, everyone here knows Americans have money and yet somehow seem to struggle even more.

In the ways that matter politically (PPP/capita not nominal), the change to the ratio is noise:

http://www.wolframalpha.com/input/?i=gdp%20ppp%2Fcapita%20us...

What can matter is comparisons with our own past, our own present. We don't want 60k American SUVs, they don't fit on our roads anyway; but we do want a clement home and easy transport, and may very well blame our leaders for oil shocks caused by America attacking Iran.

dotcoma6d ago

Upvote if you too, a 'poor' European, would rather stay on this side of the Atlantic.

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