Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Americans are NOT wealthy: The truth about the US economy
38 minutes Posted Jul 11, 2026 at 1:00 pm.
The myth that Americans are wealthy
Average wealth vs median wealth
Data on US median wealth
Wealth inequality (Gini coefficient)
Poverty and homelessness
USA vs Europe
Wealth concentration of US elites
Distribution of growth in income
GDP per capita is misleading
US GDP by sector
Imputed rent and GDP
Life expectancy, mortality, etc.
US healthcare system
US health system vs OECD
Ridiculous "Europoor" myth
Trump cuts taxes on rich
Trump family corruption
Insider trading
Myth of American dream
Outro
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38:27
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Show notes
Many Western economists and media outlets claim that Americans are wealthier than Europeans, but this is not true; it's based on a misunderstanding of the difference between average wealth and median wealth. Ben Norton explains how the extreme inequality in the US make its average wealth misleadingly look high, and why GDP per capita is not a good measurement. He debunks the myth of "Europoors", which is often spread by Donald Trump supporters.
VIDEO: https://www.youtube.com/watch?v=kzFUd8uj7pA
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