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nkmnz 2 days ago

GDP EU ÷ GDP US in 2011: ~1

GDP EU ÷ GDP US in 2024: ~0.66

I will give you exact sources for the claim later once I'm back at my laptop, but rest assured: these numbers don't lie. And militarily... really? We're a joke. We cannot even defend our neighbor from being invaded without extensive US help.

immibis 2 days ago | parent [-]

GDP, as it's measured right now, is mostly just measuring unreported inflation plus money printing.

Edit: Real wages are mostly measuring unreported inflation but not measuring money printing.

nkmnz 2 days ago | parent [-]

I wont argue that those two things don't exist, but can you show some proof that GDP is measuring nothing else than ("just") those two things, and that there are meaningful differences between the EU and the US with regard to these two things? Is there no unreported inflation and no money printing in the EU? If that were true, we'd see massive devaluation of USD vs. EUR.

Also, if you don't like GDP, you can just look at real wages – same picture.