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The Absurd GOP
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 (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. Europe is becoming weaker and less relevant and won't be able to survive in a competitive world. (May 19, 2023 at 10:33 pm)Rev. Rye Wrote:(May 19, 2023 at 11:15 am)Helios Wrote: GDP growth rates alone are not the sole indicator of a good economy and as i said China,s economy is slowing and it had to essentially burn itself out to get were it is. A reckless policy of growth at any cost is not sustainable nor good long term economics, And it's lack of a safety net is starting to bite it in the back side as pressing domestic issues crop up China has been trying to ignore. Quote:The ideal GDP growth rate is between 2% and 3%.Your source seem to be wrong. US historical average GDP growth rate was almost 4% much higher than now.  RE: The Absurd GOP
May 20, 2023 at 12:02 am
(This post was last modified: May 20, 2023 at 12:04 am by Rev. Rye.)
How far back are you going and where’s your source?
Comparing the Universal Oneness of All Life to Yo Mama since 2010.
![[Image: harmlesskitchen.png]](https://i.postimg.cc/yxR97P23/harmlesskitchen.png) I was born with the gift of laughter and a sense the world is mad.  (May 19, 2023 at 11:33 pm)Dmitry1983 Wrote:(May 19, 2023 at 4:58 pm)Ravenshire Wrote: And yet, quality of life in Europe is generally higher that the quality of life in China. Nonsense. Playing Cluedo with my mum while I was at Uni: "You did WHAT? With WHO? WHERE???" (May 20, 2023 at 12:04 am)The Valkyrie Wrote:(May 19, 2023 at 11:33 pm)Dmitry1983 Wrote: Europe is becoming weaker and less relevant and won't be able to survive in a competitive world. Most European countries are below that "ideal" 2-3% GDP growth rate which is caused by wasteful welfare spending
Meanwhile, in the real world, the EU as a whole had a growth rate of about 3.5% over 2022.
Comparing the Universal Oneness of All Life to Yo Mama since 2010.
I was born with the gift of laughter and a sense the world is mad. RE: The Absurd GOP
May 20, 2023 at 1:00 am
(This post was last modified: May 20, 2023 at 1:06 am by Dmitry1983.)
(May 20, 2023 at 12:58 am)Rev. Rye Wrote: Meanwhile, in the real world, the EU as a whole had a growth rate of about 3.5% over 2022. They were recovering from recession caused by pandemic. For the last 20 years most European economies had 0-1% growth rate.  (May 19, 2023 at 11:33 pm)Dmitry1983 Wrote:[citation needed](May 19, 2023 at 4:58 pm)Ravenshire Wrote: And yet, quality of life in Europe is generally higher that the quality of life in China. Mighty bold claim for someone who refuses to back up their bare assertions.
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(May 20, 2023 at 10:46 am)Ravenshire Wrote:(May 19, 2023 at 11:33 pm)Dmitry1983 Wrote: Europe is becoming weaker and less relevant and won't be able to survive in a competitive world.[citation needed] https://en.wikipedia.org/wiki/The_World_...Statistics ![[Image: 640px-1_AD_to_2003_AD_Historical_Trends_...e_East.png]](https://upload.wikimedia.org/wikipedia/commons/thumb/9/9d/1_AD_to_2003_AD_Historical_Trends_in_global_distribution_of_GDP_China_India_Western_Europe_USA_Middle_East.png/640px-1_AD_to_2003_AD_Historical_Trends_in_global_distribution_of_GDP_China_India_Western_Europe_USA_Middle_East.png)
The lesson being that europe should be more like china...or?
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