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Nevermind the much higher poverty rate in USA when compared to Germany.
http://www.leftbusinessobserver.com/IncomePoverty2004.html
Among the thirteen major countries shown, the U.S. has the third most unequal distribution of income, behind Mexico and Russia, and the third-highest poverty rate, behind those same countries. The richer countries can be thought of as falling into three groups:
? The predominantly English-speaking (Australia, Canada, UK, U.S.), which are the most unequal and also have the highest poverty rates (average Gini: 0.322; average poverty rate: 13.8%); Israel?s numbers are similar. These generally have the most minimal welfare states and least regulated economies.
? The continental European countries (France, Germany, Italy, Netherlands), with lower poverty rates and less income inequality (Gini: 0.283; poverty: 9.1%). They?re generally more generous and less liberalized than what the French like to call the Anglo-Saxons. Taiwan?s numbers would put it in this class, were it in Europe.
? Scandinavian countries (Sweden, along with two countries not shown in the graph, Finland and Norway), with low poverty rates (average: 6.1%) and the most egalitarian income distribution anywhere (gini: 0.272). They have exceedingly generous welfare states?and quite high-tech economies nonetheless. - Posted by: the_seb Posted on: 09/14/06 You are currently: a Guest | Members login | Terms of Use
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