every measurable metric except for Gdp and consumption which isn’t really a win at all.
So much of US GDP is tied up in the FIRE sector anyway. Housing is overinflated. Insurance is overinflated. Tech is crazy overinflated. It’s something of a joke to say the US is outrunning China when US businesses are touting triple-digit P/E ratios following decades of low-interest borrowing and bailouts.
And with all the consumer goods prices skyrocketing, you have to wonder how long American excess consumption can even last. $4/gal gas isn’t going to be any kinder to the US Automotive market today than it was during the Bush Admin.
Lushed_Lungfish@lemmy.ca 20 hours ago
Oh I don’t know. I think America still leads China in school shootings.
MrShankles@reddthat.com 19 hours ago
Shots fired!
ivanafterall@lemmy.world 17 hours ago
Also obesity.