Cranialscrewtop

Cranialscrewtop t1_j2v0i3z wrote

Reply to comment by hydrOHxide in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

Exactly. Poor in NY is a different income than North Dakota. Same between countries. That's what makes the World Bank's data more meaningful, not less.

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Cranialscrewtop t1_j2tqm09 wrote

Reply to comment by tkenben in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

A British politician complaining about how european banks print money. There's a lot of romanticizing of Europe, but the banking system is global. https://www.reddit.com/r/Damnthatsinteresting/comments/102ifuh/our_banking_systems/

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Cranialscrewtop t1_j2tfqmd wrote

Reply to comment by Queensthief in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

IThe US poverty rate at present is 12.8% source: https://www.census.gov/library/stories/2022/10/poverty-rate-varies-by-age-groups.html

At present only 4 of 27 EU countries are lower than the US average. Even Germany, the financial powerhouse of Europe has a poverty rate of 15.8%. Source: https://data.worldbank.org/indicator/SI.POV.NAHC?end=2020&locations=EU&start=2019

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Cranialscrewtop t1_j2s6agz wrote

Reply to European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

I like the EU philosphy. It's also true that the US economy has signifcantly out-performed the EU economy, and not just in so-called mega-corporations (of which the EU has a few, too). But as a whole, measured by metrics of employment, growth, inflation, etc. I would be interested in thoughts on this.

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