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Formal-Cow-9996 t1_j2xxt40 wrote

Reply to comment by rumblemcskurmish in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

>The 2nd wealthiest member [of the EU], UK, has a GDP smaller than Texas.

I love this sentence.

By the way, California has a smaller GDP than Germany and the UK is not a member of the EU (and the Texan GDP is less than two thirds of the UK's, it's similar to Italy's). But either way comparisons in nominal terms are pretty much useless, PPP would show the actual living standards

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