Quote:
Originally Posted by TheMaster
it's those same structures that enable Europe to only need 2% growth a year instead of the US's 5% to be healthy
|
So if European GDP grows at 2% per year for 50 years its GDP will increase 2.7 times. If US GDP grows at 5% per year for 50 years its GDP will increase 11.5 times. Assuming the EU and US to start at the same GDP (for ease of calculation) after 50 years US GDP will be 4.2 times higher than the EUs and growing. That would be absolute economic dominance by the US. Difficult to see your point or which institutions could possibly be worth falling so far behind.