Reply to UK, Italy, France quality decline, now poorer than all 50 states

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So basically, Europeans are "poorer" on average according to per capita GDP numbers, yet have nearly a decade higher life expectancy than the poorest states in the USA, higher literacy, and much more leisure time.

I think a lot of us would rather be "poor" Europeans by these standards.[/quote]

I don’t think taxing us more and chilling our [b]innovative ecosystem[/b] is going to make us happy. But I think it’s inevitable that we’re going to give it a try. We’ll see how it goes. [/quote]

Do we actually have an “innovative” ecosystem?  A tiny handful of companies control almost everything in this country, from what we eat to where we shop to what we watch on tv.

If I go to Europe or almost any other country there are actual small shops on almost every corner instead of mega chains like what we have here.[/quote]

Only 46 companies have driven the vast majority of stock growth over the last 100 years.  I am not sure if that counts as proof of an innovative ecosystem or not.  We are just a bigger market.[/quote]

Oh, the US is vastly more innovate and dynamic than anywhere in Europe. Are you genuinely clueless or a knee jerk America hating DC progressive? On every economic metric the American economy blows all of Europe out of the water, from economic value, corporate earnings, salaries. innovation (yes, innovation). Of course Europe has its economies and companies and FYI the American S&P 500s are mostly internationals nowaways and have large footprints in Europe too. But American companies really lead the world in innovation. What you're talking about is a function of the dynamism of the American economy that we're top heavy, which is awesome. Because it means billions and billions in R&D.

The European economic model is structured differently from the US, it prevents genuine competition and dynamism, especially at the top end, it's far more inflexible, which stifles growth. It's been like that since WWII when the consensus was to protect labor at the expense of growth. There's a reason Silicon Valley and NYC finance are crowded with European expats. And the gap between European earnings and American earnings, both personal salary and corporate earnings, has only worsened in the last decade. Significantly.[/quote]

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