Judging economic prospects of countries by their visible quality of life is like judging SV corps by their buffets. Causation goes other way
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Is someone actually doing this? As far as economic prospects go, GDP seems like a good and uncontroversial measure
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Uh, no. GDP is rife with controversy. And anybody who ever compares US to EU does this.
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I would argue that the US /EU comparison (if in favor of the EU) are about higher/equal QoL with equal/lower econ prospects.

