Why is america richer than europe

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However, that would require conveying the following facts, many of which the Times has previously misreported:. Many other factors correlate with the economic conditions of nations and individuals, but the above are some key ones that give the U.

The Times makes other spurious claims about the U. Out of the frying pan into the fire. Not quite alone in the wilderness. Terrorists or freedom fighters: What's the difference? The Principle of Subsidiarity. How Christianity Created Capitalism. Power Corrupts.

Human Capital and Poverty. Population Growth Benefits the Environment. James D. Agresti is the president of Just Facts, a think tank dedicated to publishing rigorously documented facts about public policy issues. His writings have been cited by numerous major media outlets, academic publications, think tanks, and government entities.

Jim holds a Bachelor of Science in Mechanical Engineering from Brown University and has worked as a designer of jet aircraft engines, a technical sales professional, and chief engineer of a firm that customizes helicopters. He is the author of Rational Conclusions , a meticulously researched and scholarly acclaimed book evidencing factual support for the Bible across a broad array of academic disciplines.

Listen to Acton content on the go by downloading the Radio Free Acton podcast! Event Details. Pajser above is to the point. Some high productivity countries like many in Western Europe show a preference for working less than Americans, thus producing less. Collective provision of some goods like health care, public transport and public leisure facilities may help to sustain this model.

In his post Scott does not clearly say why it would be intrinsically superior to use marginal available hours to work and consumer more rather than do non-productive activities.

Scott — one of the flaws in analyses such as this is the comparison of a small country both in terms of land area and population with a much larger one. In addition, there is a vast difference between the natural resources of Denmark v. Would not a much better comparison be between Denmark and a state of the same size and population?

Population of Denmark is roughly 5. Of those, MD is the closest in terms of geographic size. But the one area that the difference remains is financial security. My wife always fears that we will lose the advantages we have, and unless we have saved tons, then we will find ourselves starving and hopeless.

Compared to Europe, you go back to the welfare state. So the fantasy solution is some form of stratification. I always feel like much of Europe still believes in the nobility in their hearts. But if your happiness depends strongly on security at whatever level, then floor-setting becomes far more important than ambition and competition.

Brandon, I was thinking in terms of the EU, which includes some poorer countries like Portugal and Poland, but not Serbia. It makes no sense to compare a large diverse country like the US to a small homogeneous European country. Looking at the overall EU adds some ethnic diversity. Different ethnic groups have different productivity levels.

Pajser, None of those claims apply to Europe, which entirely misses the point of my post. Obviously it makes no sense to compare America to Denmark. It would make more sense to compare New Hampshire or Utah to Denmark, and those states would come out ahead.