Re:Why America's economy is soaring ahead of its rivals
by makk on Wednesday December 04, 2024 @04:27PM
(#42322220)
3. Can the US endure at all when the current path feels unsustainable for most of its citizens?
Re:Why America's economy is soaring ahead of its rivals
by nec4b on Wednesday December 04, 2024 @04:57PM
(#42322487)
Millions voting with their feet don't think that.
Re:Why America's economy is soaring ahead of its rivals
by bpt3 on Wednesday December 04, 2024 @05:37PM
(#42322839)
> 1. can Europe maintain its social benefits and living standards with such anemic growth (that is, is the goal of more humane and equal society compatible with a robust economy)
This is already being answered by reports like the one in the FT
> 2. can the U.S. preserve its competitiveness and overall GDP performance if it imposes more regulations/taxes designed to reduce income disparities, provide more social services, etc.
No, because it will turn the US into a country like all the ones mentioned in question 1
But the story does acknowledge this shortcoming, and that part is pretty stark:
"For all its economic power, the US has the largest income inequality in the G7, coupled with the lowest life expectancy and the highest housing costs, according to the OECD. Market competition is limited and millions of workers endure unstable employment conditions. "