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Simply tying some European countries isn't really that great a performance when the U.S. is so much more productive overall. For example, our PPP GDP per capita is 20-25% higher than Canada's. So if Canada edges us out in terms of median income, even just barely, that's not a great showing.


Well, it's necessary to remember what GDP actually measures, and that's the sum of all economic transactions. This does not necessarily make a country richer or improves its quality of life. For example, if the US healthcare system operated on the same level of efficiency as the average European one, the US GDP would instantly shrink by at least 5% (probably quite a bit more). There are lots of things that the US does inefficiently (not always a bad thing, some inefficiency is the price of freedom).

As Robert Kennedy once put it:

"Too much and for too long, we seemed to have surrendered personal excellence and community values in the mere accumulation of material things. Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product - if we judge the United States of America by that - that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman's rifle and Speck's knife, and the television programs which glorify violence in order to sell toys to our children. Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans."




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