Old And In The Way
March 11, 2003 6:24 PM Subscribe
Old And In The Way. Their economy has lost any resemblance of dynamism, their military might has shrunk to the point of irrelevance, and their society is regressing towards a centrally planned socialist political system. Now with their standard of living dipping below even the poorest sub-group of Americans, is Europe a dying continent, with all its glory days already way behind it? [more inside]
posted by VeGiTo (38 comments total)
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and
"We have conventionally thought of Europe as having about the same standard of living as Americans. This is less and less true. For the European Union as a whole, GDP per capita is presently less than two thirds of U.S. levels. America's poorest sub-groups, like African Americans, now have higher average income levels than the typical European."
[disclaimer: I am not American]
posted by VeGiTo at 6:26 PM on March 11, 2003