> Most affluent European nations have seen net negative economic growth for the past 15-20 years, and in some cases for a generation (France and Britain).
Economic growth is a meaningless term in itself. There was so much growth in the US, and what did it do for the majority? A tiny ~1% or less got extremely rich. But the majority are not able to feed themselves.
> They're in deep shit and it has little to do with Capitalists taking over their healthcare systems.
The capitalists took over the economy of entire Europe starting with Thatcher/Reagan.
> The math was always going to take them here
This sounds like religious sermon. There is a magical 'math', which makes everyone happy when there is 'growth'. Like how it obviously did in the US.
...
That has nothing to do with it. Growth, or contraction, has nothing to do with people having public healthcare since public healthcare is run over the fraction of the GDP that people generate. If there are less people, there is less GDP, but less need for healthcare. If there are more people, you need more healthcare spending but there are more people that generate GDP.
Its capitalism. Unequal distribution of wealth can never be sustained even with gigantic growth. Like the US demonstrated since Reagan.
Economic growth is a meaningless term in itself. There was so much growth in the US, and what did it do for the majority? A tiny ~1% or less got extremely rich. But the majority are not able to feed themselves.
https://www.cnbc.com/2016/12/13/americas-dirty-little-secret...
> They're in deep shit and it has little to do with Capitalists taking over their healthcare systems.
The capitalists took over the economy of entire Europe starting with Thatcher/Reagan.
> The math was always going to take them here
This sounds like religious sermon. There is a magical 'math', which makes everyone happy when there is 'growth'. Like how it obviously did in the US.
...
That has nothing to do with it. Growth, or contraction, has nothing to do with people having public healthcare since public healthcare is run over the fraction of the GDP that people generate. If there are less people, there is less GDP, but less need for healthcare. If there are more people, you need more healthcare spending but there are more people that generate GDP.
Its capitalism. Unequal distribution of wealth can never be sustained even with gigantic growth. Like the US demonstrated since Reagan.