Celebrating humanity's flourishing through the spread of capitalism and the rule of law
14 May 2014 Leave a comment
in applied welfare economics, entrepreneurship, labour economics, liberalism, politics - USA, technological progress Tags: Piketty, poverty versus inequality
The French are poorer that the 3rd poorest American state: Arkansas. The EU-15 as a whole would qualify to be the 49th poorest American state.
The rich in Europe are poor by American standards. The poor in the USA are middle class by European standards. The European middle class has smaller houses, few cars and few consumers durables that the average poor in the USA.
via Super-Economy: Dynamic America, Poor Europe and Tino Sanandaji
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