"By almost every and any measure, we are all better off than 30, 40 or 50 years ago - Chinese, Americans, Indians, Europeans, almost everyone. There IS a subset within those places that has benefited less, or even gone backwards, no doubt."
I think you could doubt this for European and Americans. Yes, you have scientific progress. You can afford a hand-held super computer now. You can afford a car with 150 HP. You may get treatment for a disease that would have killed you 30 years ago. But:
- 50% youth unemployment rate in Spain?
- Out of control house prices due to asset price inflation?
- Central Banks Zero interest rates with unknown consequences.
- And ever rising retirement age due to basically bankrupt retirement funds (yes, we live longer too)
- Out of control health care costs in the US
- Totally out of control big brother regulations
Once you were able to buy a house, a car, health insurance and raise kids with a single income.
I think you could doubt this for European and Americans. Yes, you have scientific progress. You can afford a hand-held super computer now. You can afford a car with 150 HP. You may get treatment for a disease that would have killed you 30 years ago. But:
- 50% youth unemployment rate in Spain? - Out of control house prices due to asset price inflation? - Central Banks Zero interest rates with unknown consequences. - And ever rising retirement age due to basically bankrupt retirement funds (yes, we live longer too) - Out of control health care costs in the US - Totally out of control big brother regulations
Once you were able to buy a house, a car, health insurance and raise kids with a single income.