Tag Archives: Politics

The UK Has Killed COVID, and the US Is Close Behind

The UK has vaccinated faster than almost anywhere on earth:

And it’s working! Cases have fallen off a cliff, dropping by almost 90% in just two months:

The US is actually not far behind the UK in vaccinations per person anymore, although we were significantly behind until recently. And we are actually putting out more doses per capita than the UK at the moment. So, this gives us an idea of what we have to look forward to. If anything, our results should be even better because a more contagious variant is more widespread in the UK than here.

Indeed, we’ve seen cases fall by 2/3rds over the same period:

To me, this seems like an incredibly powerful endorsement of Brexit and the Johnson government, neither of which I ever thought I’d favor! But the rollout in the EU has been pathetic. Meanwhile, as an American, I’ve been looking upon the UK with envy.

Bottom line: the vaccines really are working, and we have an amazing summer to look forward to!

For more on COVID and vaccines, check out these posts:

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“Boris Johnson” by EU2017EE is licensed under CC BY 2.0

Europe Is Falling Behind the US, and It’s Going to Get Worse

A huge untold story of the world today is how far Europe has fallen behind the US economically in recent decades:

Here are the 2019 numbers (in 2019 dollars, again World Bank) US: $65,297. UK $42,330. That’s 35% less than the US. Or, the US is 54% better off than the UK.. France: $40,494. Italy: $33,228 That’s 50% less than US. Or the US is 96% better off than Italy. China: $20,261.

And it’s been getting steadily worse. France got almost to the US level in 1980. And then slowly slipped behind. The UK seems to be doing ok, but in fact has lost 5 percentage points since the early 2000s peak. And Italy… Once noticeably better off than the UK, and contending with France, Italy’s GDP per capita is now lower than it was in 2000.

More here.

So why is this happening? Regulation and lack of investment in IT in the services sector are chief suspects.

I definitely noticed this difference when I went to Paris for the first time in the fall of 2019. I was expecting a gleaming city, but I was surprised at the poverty I saw. There were panhandlers at the airport, which I’ve never seen in the US, and a lot of crumbling buildings and down-and-out people. It was rather sad. However, I enjoyed my time there a great deal, and would recommend their delicious food and superb art highly.

With the vaccine rollout in Europe going far more slowly than in the US, I think they will fall much further behind, and quickly. Other parts of the world will be wide open while they’re still locked down.

On the bright side, this could provide a great opportunity for the UK to catch up, since it has outpaced the US, China and almost every other country worldwide on vaccines. Their speed and innovative policies, like delaying second doses of vaccines, have impressed me a great deal.

For more on the economy and financial markets, check out these posts:

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Photo: Image by Nocturnales is licensed under CC BY-NC 2.0