Quote:
Originally Posted by Nate the great
And yet the US has a higher per capita GDP than any country in Europe except Norway, Luxembourg, and Lichtenstein without having your healthcare system.  |
Only depending on the methode of calculation. And in most european counties the quality of living indicator is higher or at the same level as in the us.
The problem with the GDP is for example tht unproductiv parts are also part of it. The US has a 50% higher military expendures- which also moves the GDP higher. Also a lot of the GDP of the US is borrowoed as the high double deficit shows whreas in most europen contryies the natinl savinf as shown in the Saving rates is higher then the national dept!!