This surprising story
says that once you adjust for purchasing power, the three poorest countries in Western Europe are Denmark, Norway, and Sweden.
My hunch--I think it's more than a hunch--is that all of the moguls in the U.S. pump up the average income and make up for the poor people who don't do their part when it comes to making money. The average standard of living may be lower in Scandanavia, but there is far less income/wealth inequality in these countries and there is more uniform access to things like basic health care and school. Such an egalitarian society (which I'm totally in favor of) probably retards economic growth--I wonder if Scandanavian growth will ever slow so much that the people will there clamor to do away with their welfare state and be all callous like us.
-Daddy Brooklyn 11:49 EST |