Who Says We Can’t Make It On Our Own? #NationalDivorce

Britain—Like France and Spain—Is Poorer than Mississippi. Yet, No One Questions Those Countries’ Right to Exist

Britain—Like France and Spain—Is Poorer than Mississippi. Yet, No One Questions Those Countries’ Right to Exist

Over the past year, pundits and columnists have been forced to keep asking why Europe’s economy is stagnating and falling behind the US economy. Many of those asking the question are Europeans. One European headline reads “Why Europe is falling behind the USA,” and Le Monde tells us that compared to the United States, “The gap with European living standards has never been wider.”

The gap between US and European living standards has been noticeable for some time, and some European countries aren’t even keeping up with the poorest states in the United States. That is, when we look at measures of income, states like West Virginia and Mississippi compare favorably against European countries like France, Italy, and the United Kingdom.

This has led to what some observers of international macroeconomics call the “Mississippi Question.” The question goes something like this: “is my country poorer than the poorest state in the United States?” The poorest state is presumably Mississippi, and if your country is worse off than Mississippi, that’s evidence that your country has nothing to brag about in terms of its standard of living.

Whether deserved or not, the Mississippi economy has been deemed by some as a benchmark for what not to be, and the comparison has become more popular over the past decade. About ten years ago, British journalist Fraser Nelson suggested that when we compare foreign GDP per capita between European countries and US states, we find that the United Kingdom is poorer than Mississippi. This idea has never set well with British policymakers, of course, and the matter…

See More at Original Source

Fight Censorship and Help Spread Mockingbird Non-Compliant News! Like, Share, Re-Post, and Subscribe! There’s a lot more to see at our main page, Dixie Drudge

Deo Vindice Resurgam! #FreeDixie