Comment by gib444
2 days ago
Why does any country or bloc need to learn lessons about "falling behind" the US?
Why is that the yard stick?
I certainly don't spend all day dreaming of F150s, McMansions, the psychopaths leading silicon valley, 9 lane highways, US style PE, and world-class fascist politicians such as Trump
Dear lord
A couple of decades ago both France and Britain had higher per capita GDP than the US. Now they are significantly behind.
Similarly top European companies used to rival American companies in profitability, power and valuation. There’s not really an equivalent of FAANG/ NVIDIA in Europe, just ASML and LVMH.
We French still get higher life expectancy, more free time, free education and healthcare... GDP per Capita is a terrible metric.
Not claiming that everything's sunshine and rainbows over here, but at least we aren't ruled by a proto fascist pedo actively ridding the country of its democratic institutions and destroying public service after public service to give more wealth to his pedo friends.
Most of the GDP per capita divergence has happened since 2008. My same comment could’ve been written when Biden was president.
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The US is also falling behind Chinese manufacturing. They had to ban Chinese cars because legacy American automakers couldn't compete.
China just recently had to ban their own companies from selling cars below cost.
It's not a clear win for China, their car companies are struggling.
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