Hacker News Reader

Comment by mhh__ | Hacker News Reader

You absolutely can grow your way out of a deficit - France is maybe the most regulated liberal economy in the world? It's designed not to grow

If you can keep energy costs down and get out of the way there will be growth. It's a thing that happens when people do business and make new things.

View on HN

There is growing without regard to the lower 95% (china, India, USA) which is great on paper, but arguably not great for the population. I'd say the EU, Australia, and a few other countries have done it significantly better - it's just a significantly harder approach to balance.

Edit: and probably not as effective, which risks being overtaken by others, I suppose.

I hate to be a China apologist, but I’m not sure why you included them in that list. Bottom 95% is living in conditions unimaginable to a generation ago. Of course they have humongous problems, but in general, they have lifted everyone up by ignoring views of the rest.

The amount of growth the "95%" have seen in china is huge!

Also American peasants / lower tier white collar workers are usually richer than fairly well off Europeans... You cannot even begin to comprehend how much wealthier the US is in some ways - and remember how totally dysfunctional the US economy is in many limits i.e. if Europe could just be as _bad_ as the US it would grow much faster.

A poor American might be richer on paper than a European, but on surveys the poor American feels worse off. And they're not wrong: free medical care, the social safety net and less inequality are massive benefits that don't show up on the balance sheet.

fax. this always gets left out of discussions.

Yes apart from showing up in almost literally every "umm , we don't do THAT in Germany" back and forth on this very question

Reply on news.ycombinator.com