administrator Site Admin
Joined: 28 Dec 2005 Posts: 11979
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Posted: Fri Dec 12, 2014 6:29 pm Post subject: Government on Economies/Dynamic Scoring |
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PeakTrader:
I think, we need to look at the overall scoreboard.
For example, Western Europeans, even with thousands of years of accumulated wealth, live in smaller houses, drive smaller cars (or ride bicycles), have fewer shopping malls, etc. than Americans.
They lag the U.S. badly in the Information and Biotech economic revolutions.
Per capita GDP is over $10,000 a year lower in Western Europe compared to the U.S..
When government tries to solve problems, it too often creates more problems than it solves.
And, although each government program, in isolation, can be a net positive, the aggregation of those programs can be negative.
Certainly, we don't fully understand how hundreds of major forces interrelate and interact in a large, dynamic, and diversified economy.
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