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38 sats \ 4 replies \ @Satosora 3 Jan \ parent \ on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending econ
Are they that much poorer?
From what I gather, their system seems to be working.
Happy people, less time at work, not super rich.
The poorest US states are similarly prosperous as the wealthiest European nations (not counting the weird little city states).
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Take @TomK's posts to heart. Europe is in free fall.
We got used to thinking of Europe as a peer to America, but it's collapsed to around half the average standard of living.