World News

22055 readers

146 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

Europe has fallen behind America and the gap is growing (archive.is)

submitted 1 year ago by emerty@feddit.uk to c/news@beehaw.org

6 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] BlueNine@beehaw.org 1 points 1 year ago

After the 2008 financial crisis (when the article claims the divergence started). The US and the EU chose different paths. The US chose bailouts and the EU went with austerity. Both were very unpopular, but one of them was also stupid. Helping the “wrong” people, it turns out was a better choice than trying to actively hurt all the people.

I’m sure there is a lot of other factors at play but EU governments getting religion about belt tightening and small-government in ‘09-‘12 was phenomenally stupid.