Enlightened ramblings of a minarchist libertarian with Objectivist tendencies

Friday, July 23, 2004

EU vs US

I have discussed the many differences between the EU and US in several different forums (both American and European) and thought I would talk a little bit about it here.

Here is a very interesting study by a couple of Swedish economists comparing the EU and the US in terms of economic prosperity. It is 49 pages, but a very interesting read and written for the most part in easy to understand lay terms for those of you without much knowledge of economics.

Many of you will probably find that you are familiar with portions of the study as it briefly made the news several months ago. It is not all encompassing, but a good starting point on understanding how our divergent views affect our quality of life.

I was previously aware of the disparity between the US and Europe having traveled extensively in Europe, but I don't think many in Europe understand it or the reasons behind it. If they did, they would understand the real way to help people is to bring everyone to a higher level, even if it means continued economic disparity, rather than "equalizing" everyone at a lower level.

I think it will also important that the study was conducted by Swedes rather than Americans. Of course, it probably received even less press in Europe than it did here.

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