alt Hacker News>Significantly less free than in the US, and correspondingly less prosperity.
Which measures of freedom became restricted in the EU following the GFC that led to the prosperity of the EU diverging from the US?
Replies
WalterBright • yesterday at 6:12 AM
One problem is you cannot fire people in the EU. This makes for companies being very slow to hire, and inefficient allocation of workers to jobs.
Free markets are chaotic, and are constantly reallocating resources from less efficient uses to more efficient uses.
Regulations that impede that make for lower prosperity.
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US per capita gdp has been higher than Europe since 1960, and the gap has steadily widened: https://m.statisticstimes.com/economy/united-states-vs-eu-ec...