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An interesting list; 20 most prosperous countries (as of 2019)

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I realize that being prosperous isn't the same as having lots of money. It's more about wealth distribution. When taking into consideration factors like economic opportunities and growth, business environment, effective government with political participation, access to education, quality health care, national security and personal safety, personal freedoms and individual rights, social support and civic participation and investment in natural resources, surprisingly, America (no. 18) and Japan (no. 19) aren't all that great at sharing the wealth they have among their people.

(Wasn't sure where to post this...)

#environment #government #economic #wealth #rights #money
Jetty 7 Sep 8
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2

Level 6

Any time I see lists similar to this, the Scandinavian countries are always near the top, specifically Denmark and Norway.

I agree, after being in Scandinavia, I would absolutely live there. Sadly I never made it to Denmark, I would like to visit the Netherlands too. 🙂

@Jetty I wish I knew... if we had the exact formula then it could theoretically be replicated in other places. But that's the idealistic (maybe naive) view.

1

Level 9

I have read that one of the best things that a government can do for an economy, is to introduce a high minimum wage, in part because the spending power of large numbers raised out of poverty lifts the economy far more than the spending of rich people, which is slower and less likely to stay within the country.

@Jetty Empoyers who rely on low wages to prop up bad businesses won't like it certainly. But that only creates more trade for the good businesses, its a win win.
1

Level 9

It's obvious democratic socialist countries are the most prosperous.

2

Level 9

Interesting; Japan's high for an oriental island state because they developed excellent strategies for consumerism after WW II...making cars and electronics so dominant in the world led to their prosperity.

America is still suffering with two huge errors; destroying the native American world, and slavery.

Dominating the Native Americans (I refuse to call them the incorrectly labeled "Indians" ) didn't affect our economic situation as much as our moral strategy-

But it did encourage an attitude; we became righteous, and some would say "imperialistic".

I think that led to importing captive Africans under force; we called it slavery; and we're still suffering from racial inequality - that reflects in our economic status.

@Jetty There's always cases of the poor and struggling getting ahead. I came from a family where no one was known to have even finished High school..and I got a bachelors and Masters degree - so it happens.

But when it comes to Japan - they handled an embarrassing loss to a superpower well. They took advantage of the aid we gave them...and then went one better.

They are now far ahead of us in technology. In diet. In health care. In longevity. In alternative energy - and they're still a world power in cars and electronics.

0

Level 8

Interesting reading the criteria they used to come up with that but yeah the US ain't the greatest neither is Japan. 🙄

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