5.6% (2004 est.) is Sweden w/ a 3.6% (2004 est.) growth rate and a small population by any standard. purchasing power parity - $28,400 (2004 est.)
USA = purchasing power parity - $40,100 (2004 est.) 4.4% (2004 est.) growth rate.
That means the average american earns nearly double the average Sweden and that the growth in that income is almost a full point higher then the sweden.
Most of the "robber baron era" had there positions protected by contracts and laws they help create linking the government to their companies and protecting their monopolies. Thusly it was indeed the involvement of the government that aided in their power.
(no subject)
http://www.cia.gov/cia/publications/factbook/geos/sw.html#Econ
5.6% (2004 est.) is Sweden w/ a 3.6% (2004 est.) growth rate and a small population by any standard.
purchasing power parity - $28,400 (2004 est.)
USA = purchasing power parity - $40,100 (2004 est.)
4.4% (2004 est.) growth rate.
That means the average american earns nearly double the average Sweden and that the growth in that income is almost a full point higher then the sweden.
Most of the "robber baron era" had there positions protected by contracts and laws they help create linking the government to their companies and protecting their monopolies. Thusly it was indeed the involvement of the government that aided in their power.