Comment by spacebanana7
2 days ago
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.