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this post was submitted on 03 Oct 2024
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Europe
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Overregulating, no. Regulation almost always protects people from harm. We don't need to harm people more to get better economic results.
Underinvesting, absolutely. The EU's self-imposed austerity keeps preventing increased public investment. As a sovereign currency issuer the EU can do a lot more public investment in any area that has underutilized resources. A shift away from neoliberal and towards Keynesian economic policies.
Keep looking at metrics that don't tell you what you need to know and you're gonna keep making the wrong conclusions. GDP isn't a metric of how people are doing which is what matters and Europeans are doing significantly better than the US for a unit of GDP for multiple reasons.
Doubt.
Just waiting for the other shoe called "therapy" to drop.