COLUMN. To win the cultural and intellectual battle, Europe must staunchly defend its model, writes the economist in his column, dismantling the narrative of a 'declining' continent.
The top 10% of Europeans own roughly 56% to 75% of total wealth (depending on the specific region), while the bottom half of the population holds as little as 2% to 5%.
Most poor countries have a wealth distribution more like Russia than the West.
One illustration is that, despite the massively higher costs and shitty exchange rates on top of that, poor country elites send their kids to the West for university no problem.
Of course, there’s different kinds of EU members. I’m not sure how they all stack up.
The top 10% of Europeans own roughly 56% to 75% of total wealth (depending on the specific region), while the bottom half of the population holds as little as 2% to 5%.
Aren’t they better stats than most other places?
You don’t have to be ill to get better
Most poor countries have a wealth distribution more like Russia than the West.
One illustration is that, despite the massively higher costs and shitty exchange rates on top of that, poor country elites send their kids to the West for university no problem.
Of course, there’s different kinds of EU members. I’m not sure how they all stack up.