alt Hacker NewsIreland is richer if you look at labour income, too. I agree that its GDP numbers are a bit weird.
China is poorer than the EU.
> The regulations put in place in the 30s after the great depression were relaxed by Reagan, and unsurprisingly it lead to the reemergence if financial crisis after half a century of financial stability.
The US had inane financial regulations right from the start. And I'm not sure what you are smoking: have you heard of the Great Moderation? See https://en.wikipedia.org/wiki/Great_Moderation
> China is poorer than the EU.
Per capita, so far. But it used to be a third-world country and it's now the industrial superpower.
> The US had inane financial regulations right from the start.
“FDR didn't exist”.
> And I'm not sure what you are smoking: have you heard of the Great Moderation? See https://en.wikipedia.org/wiki/Great_Moderation
Dude, the “great moderation” is about inflation, business cycles and macro trends more generally, not about financial markets stability.