Comments by "Jeremy Barlow" (@jeremybarlow2291) on "" video.
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If economies are measured in purchasing power parity per capita, the USA is 62% higher than the EU, but the US data is skewed by the fact that like in the rest of the developing world, the US has pockets of extreme wealth and extreme poverty, those disparities in the developed world in Europe and much of the rest of the developed world like Japan, Singapore, China, South Korea, Canada, New Zealand and Australia have mostly been softened through the social safety nets and other smart policy considerations ignored by crony capitalist oligarchies dominant in the developing world like the United States. When comparing GDP is measured as PPP equivalent, China outpaces the USA by 24%, and there are countries in Europe which dwarf the USA in real GDP per capita as well, Ireland, Switzerland, Luxembourg and in those countries PPP is essentially 1:1, so they are beating the USA massively.
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