| ▲ | palata 3 hours ago |
| A lot deeper than active wars and energy supply issues??? Europe's economy has been slowing down since 2007, which is the peak of conventional oil. The problem of Europe is that is doesn't have access to abundant energy like the US does. The US likes to think that they have a better economy because they are smarter/work harder, but the reality is simple: abundant energy makes the economy. |
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| ▲ | pjerem 3 hours ago | parent | next [-] |
| If you measure economical performance with PIB per capita, yeah, for sure, US has a better economy. If you measure with anything else useful like (healthy) life expectancy or happiness level, state of the democracy, etc... like if you think the the economy must serve the people and not the other way, I'd say Europe is way more successful despite the real issues. Actually, I'm baffled at how US performs poorly for their people given they have abundant energy. Norway and Iceland also have abundant energy and their people are seeing the benefits. |
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| ▲ | WarmWash 2 hours ago | parent | next [-] | | >Actually, I'm baffled at how US performs poorly for their people given they have abundant energy. You feel that way because the media (and the internet) is hyper focused on the bottom 50% of Americans. The households with 2 people earning <$40k per year each. If you look at the higher brackets (you have to look because "Americans in the 75th percentile live great" is not a clickable story) America is a better place to live if you work a job that pays well. The plots for "comfortable living vs income" in the US and Europe are different, and that difference is endlessly arbitraged and any boring news day to pump out another "Life in Europe is better" story. | | |
| ▲ | pjerem 4 minutes ago | parent [-] | | Sorry but I don't share your view. A society where the bottom 50% can't live a decent life is just dysfunctional. I don't care which country is best for the riches (and actually, Europe is good for the riches), I care that the economy is there to allow everyone to live a decent and meaningful life. |
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| ▲ | gedy 2 hours ago | parent | prev [-] | | > I'm baffled at how US performs poorly for their people given they have abundant energy. Norway and Iceland also have abundant energy and their people are seeing the benefits. It's just a totally different scale of comparison that does not work - those Nordic countries are smaller than many counties in US states. It's like comparing Iceland to Santa Barbara, etc. |
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| ▲ | WarmWash 2 hours ago | parent | prev | next [-] |
| The problem Europe has is an allergy to people making money. Oil prices aren't what drove every Euro tech worker to San Francisco for 25 years. |
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| ▲ | RandomLensman 2 hours ago | parent | prev [-] |
| If have a hard time linking a slowdown from 2007 on to oil instead of the GFC. |
