Comments by "Paul Aiello" (@paul1979uk2000) on "Why Southern Europe is Finally Outperforming Northern Europe" video.
-
Yeah, I feel GDP numbers is a poor indicator on quality of life in a country, for instance, the UK and US over the last 2 decades keep bragging about how well the economy is doing, yet, yet for the average people, things seem to be getting worse not better, probably the reason Brexit in the UK happened and why so many support Trump in the US, a lot of people are not happy with how things are.
Then, when you look at European countries, many of them dominant the top 10 quality of life indexes, and it's clear we need a new measure for measuring wealth and quality of life in a country, ideally, from the bottom up, because by improving from the poor to middle classes, you improve all of the society, I think that's where GDP numbers are failing and where the US and UK is messing up, there's too big of a divide in wealth and quality of life among the people.
I mean seriously, Estonia has a better quality of life compared to the US going on many of the indexes, you have to wonder how that is possible when Estonia is still developing and catching up to western standards, but it really does indicate how GDP numbers don't tell us much about what the quality of life is like in a country that it's quite misleading.
2