
Is France poorer than America? You don’t have to ‘walk around’ to know.
TL;DR: Columnist Megan McArdle argues that while macroeconomic statistics showing the U.S. outpacing Western Europe in GDP per capita are often dismissed as an illusion due to Europe's superior public aesthetics and leisure time, America possesses genuine material abundance and innovation that structurally subsidizes European living standards.
Although, the author tries to explain her views, she misses on several fronts. GDP doesn't follow PPP and the value system of the respective citizens. The author further diminishes the quality of her observations by comparing numbers against Mississippi. Americans in Mississippi are poor, a large number cannot afford healthcare and suffer from chronic illnesses, things that are not challenges faced by French citizens.
Additionally, overall GDP says nothing about distribution of wealth. Another factor the author conveniently sidesteps.