Re: The Long March From Yenan to Barclays
On Jul 26, 2007, at 5:35 PM, dredmond@efn.org wrote:
According to Eurostat, the EU-27 racked up 11.558 trillion EUR in
2006, US was about 10.550 trillion EUR, roughly a 10% difference.
The EU-27 is an even less coherent entity than the EU-15, which is
less coherent than the euro zone. The U.S. is a single nation-state
with a single currency and legal system. There’s an almost 10/1 ratio
between the PPP per capita GDP of the richest and poorest countries.
There’s nothing like that with U.S. states. They speak, what, a score
of official languages among them? They all watch different TV, read
different publications, go to completely different school systems,
etc. There’s no common military or foreign policy. The comparison of
the U.S. to the EU-27 is kind of ridiculous.
Doug