Comment by smokedetector1
Comment by smokedetector1 17 hours ago
What you are describing is only one way of living a comfortable life. It is not an "objectively better" life than someone who has enough money to meet their needs and finds balance and joy in other places. For example, more fulfilling work, more opportunities to vacation, more peace of mind in a more communal society, better access to nature. Money only "objectively improves" your life up to a certain point.
Another tendency I find anti-intellectual is appealing broadly to "science" or "economics" to make claims that neither field supports.
Is GDP per capita a good measure or individual wealth in a country? If you don't like GDP, is PPP a good measure? If not PPP, what measure do you like? How have those measures changed over the past 20 years? How much did America's value on that measure change in the past 20 years? How much did Europe's?
When I speak of "science", I'm only speaking about using numbers to measure and compare. As it turns out, it doesn't really matter which metric you use. GDP, PPP, you name it - America went up substantially more than Europe over the past 20 years. A continent that used to be an economic peer is now a few notches poorer. If the trend continues, by the time I'm old, Europe will be poor compared to America, full stop. Just another region full of third world countries.
You can read https://ecipe.org/wp-content/uploads/2024/05/ECI_24_PolicyBr... if you like or find your own sources. All the ones I've found say the same thing about the last 20 years. But if you can find some that say Europe is improving its economic standing compared to America, I'd be interested in reading them! I'm very open to having my mind changed by evidence!