America vs Europe

[andrewducker]

Those of you that are interested in economics (there must be one of you, at least) will be interested in this discussion of the differences in GDP for Europe and America.

At first glance, Europe's GDP is only 77% of the US, but once you notice that Europeans work much shorter hours, that the cost of keeping vast numbers of Americans in prison is included and that the US spends vastly more on heating/cooling themselves to cope with their extreme temperatures, the differences come out as far less.

Comments

[heron61.livejournal.com]

And despite the fact that the plutocrats who rule the US maintain otherwise, greatly increased benefits for workers, state sponsored health care and similar things that should be basic rights and not dreams of luxuries (like they are in the US) clearly do not destroy the profitability of European industries.