2004-06-22

Europe vs the USA



This is a disturbing document; among other things - you'd be scared to read that Belgium, if incorporated into the USA would rank among the 6 poorest US States....

The USA is richer than Europe...
The odds are,Europe will be a long time catching up with the USA
Many European countries have lower per capita GDP than the majority of states in the USA
High incomes coupled with low taxes mean high private consumption in the USA