Cory Doctorow on Nostr: It's common for Americans to write off Europe because its "economy isn't growing" the ...
It's common for Americans to write off Europe because its "economy isn't growing" the way the US economy is. Piketty points out that this is a mirage: American economic growth is due to rising prices and plummeting wages, which is great for the share price of giant American companies whose cartels and monopolies make everyone except the tiny number of Americans with substantial stock market portfolios much poorer.
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Published at
2025-02-18 17:42:27Event JSON
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