(May 19, 2023 at 4:58 pm)Ravenshire Wrote:(May 19, 2023 at 9:54 am)Dmitry1983 Wrote: Europe has high welfare spending and low GDP growth rate. China has low welfare spending and high GDP growth rate.
And yet, quality of life in Europe is generally higher that the quality of life in China.
Europe is becoming weaker and less relevant and won't be able to survive in a competitive world.