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Most of Europe is Poorer than the US
- Thread starter Ifallalot
- Start date
Yes, their GDP Per Capita is 3x that of Capitalist utopia and Laissez-faire promised land, Somalia.
I just want to revisit this sentence and urge everyone to think about it in a historical context
Let me know when you stop laughing
I didn't know Somalia even had a GDP. That's great news. As soon as they adopt Western Culture in the Judeo-Christian tradition they'll probably start making things that poor Europeans want to buy!
Technically I think they take things poor Europeans already bought by commandeering the vessels those things are on and re-selling them to the highest bidder. Capitalism at its finest!
Savvy?
You made it sound like Europe is the one who gets the welfare, when it's states with bases and DoD contractors.
Seems to me that ifall is trying to convince everyone that America is Great Again, thanks to Trump. One of the Trump defenses is: It shouldn't matter what Trump did, because he helped America so much.
Ignore the fact that this article came out in April of 2016. Ignore the fact that the "average consumption" data quoted in this article was from 2014.
Ignore the fact that this article came out in April of 2016. Ignore the fact that the "average consumption" data quoted in this article was from 2014.
Europe seems relatively solvent lately. The U.S. debt-to-GDP ratio is at about 106%. France's debt stands at about 98% of GDP, while Germany's debt has fallen to about 62% of GDP:
United States: https://tradingeconomics.com/france/government-debt-to-gdp
France: https://tradingeconomics.com/france/government-debt-to-gdp
Germany: https://tradingeconomics.com/germany/government-debt-to-gdp
.
United States: https://tradingeconomics.com/france/government-debt-to-gdp
France: https://tradingeconomics.com/france/government-debt-to-gdp
Germany: https://tradingeconomics.com/germany/government-debt-to-gdp
.
tell me more about how the Democrats were racist slave holders, Charming Fallphisticate
.
United States residents are more reckless with spending. We hold a smaller percentage of our personal incomes in savings. Perhaps it's a measure of how confident we are of future economic stability. Perhaps we're just less responsible.
United States 7.9%: https://tradingeconomics.com/united-states/personal-savings
France 15%: https://tradingeconomics.com/france/personal-savings
Germany 11%: https://tradingeconomics.com/germany/personal-savings
.
United States residents are more reckless with spending. We hold a smaller percentage of our personal incomes in savings. Perhaps it's a measure of how confident we are of future economic stability. Perhaps we're just less responsible.
United States 7.9%: https://tradingeconomics.com/united-states/personal-savings
France 15%: https://tradingeconomics.com/france/personal-savings
Germany 11%: https://tradingeconomics.com/germany/personal-savings
.
That is actually not true. There is a growing upper class in N Korea.
You might want to get that TDS checked out. This has nothing to do with Trump
The bases and contractors keep them from having to spend on their own defense.
Sure, it's a way to create hegemony as well, but they wouldn't be able to pretend they're this peaceful, post-military society if NATO and the UN wasn't being funded on US taxpayer backs