This whole Europe = Good, USA = Bad narrative is bullshit of the Leftist “I hate my own country” variety. Virtually nothing Umair Haque says is true, and every claim he makes needs to be fact-checked against a reality that bears little resemblance to his dystopian world-views. Lets take the claim that Europeans are more wealthy than Americans: that can be checked against readily available per capita income data:
Americans may be poorer on average than Luxembourg, Switzerland, Norway, Iceland or Ireland, but are wealthier than Denmark, Sweden, Netherlands, Austria, San Marino, Finland, Germany, Belgium, France or the UK. That’s on a per capita basis. As an economy, the United States is Number One. Since Donald Trump was elected, unemployment is down, especially Black, Latino and women’s unemployment: all the lowest since statistics were first recorded, and wages are growing in real terms for the first time in 40 years. Umair thinks this is the fall of the USA, and the death of Capitalism? Nothing could be further from the truth. Capitalism is the only known engine for generating new wealth, and it is doing just that.