Eye-opening overview, the poorest US state Mississippi has higher GDP than France or Italy, the second poorest higher than Canada or Germany.
Will people in Europe and Canada realize that left green overregulation, bureaucracy and redistribution is making them much poorer? pic.twitter.com/0VzN3SdFPf
— Michael A. Arouet (@MichaelAArouet) November 21, 2024
Mississippi, America’s poorest state, outpaces France and Italy in GDP. The second poorest, West Virginia, has a GDP larger than Canada or Germany. These figures aren’t just surprising; they reveal a stark disparity in economic outcomes driven by policy choices.
Europe and Canada face mounting economic stagnation. Overregulation, excessive bureaucracy, and aggressive redistributive policies stifle growth. The European Central Bank (ECB) warns that the green transition will demand trillions in investments, threatening GDP growth and price stability. Climate-focused fiscal policies, while well-intentioned, risk crippling economies already under strain.
Canada’s climate commitments tell a similar story. The country has pledged to slash greenhouse gas emissions by 40-45% by 2030 but remains far behind targets. Meeting these goals would require massive economic shifts, potentially slowing GDP growth and raising costs for businesses and households.
Mississippi’s unexpected GDP dominance highlights the power of economic freedom. Policies fostering less regulation and greater resource development create an environment for growth, even in states with high poverty levels. Meanwhile, Europe and Canada’s struggles illustrate the risks of prioritizing green policies over economic competitiveness.
Sources
www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240526~ef011def12.en.html
www.ecb.europa.eu/press/economic-bulletin/focus/2024/html/ecb.ebbox202402_08~ce78a64ada.en.html
www.ecb.europa.eu/press/economic-bulletin/focus/2024/html/ecb.ebbox202401_04~92ad3c032a.en.html
www.politico.com/news/2024/11/21/climate-plan-cop29-wihout-us-00190827
www.nationalobserver.com/2024/11/18/analysis/canada-emissions-GHG-climate-pollution-EU
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