That is not the case in these regions anymore.

Now, that might not sound like a big deal to you. But do you know what the investment rates are of the kinds of societies Americans are increasingly jealous and desperate to get to — Canada, France, Germany, Scandinavia — because they work? 50%. In other words, more than twice America’s. Why do these societies have all those nice things — functioning healthcare, transport, retirement, education that won’t bankrupt you, decent media, affordable homes to live in, all the things Americans don’t? Because they invested at a much, much higher rate, for all of modern history.
Is the Democrats’ Climate Bill a Turning Point for America?
1.6K
31
umair haque
Joseph Lambert
·Follow
Aug 8, 2022
--
That is not the case in these regions anymore. The European sovereign debt crisis of 2009-2012 forced these regions to implement austerity measures, which reduced the investment rate to the same rate that America has. Greece and Spain had the highest debt-to-gdp ratio of any EU country during the crisis.
--
--
Written by Joseph Lambert146 Followers
·61 Following
No responses yet
Help
Status
About
Careers
Press
Blog
Privacy
Terms
Text to speech
Teams