Friday, October 29, 2010

On Affluence

Living in Morocco it is easy to forget about affluence. Reading The Economist, listening to Planet Money’s podcast and checking the BBC’s News webpage, one could get the idea that since the global recession began, things have been bad, economically speaking, in America. And yet, to someone who has lived in the countryside of Morocco for a year, things could not be farther from the truth.

While in Morocco you forget about cars and everyone having their own. You forget about smart phones and ipads and people being able to afford airplane tickets. Needless to say, when compared to the trees and donkeys that Moroccans own, things in America are booming, even if this week’s Planet Money Indicator is 1.2% annualized GDP growth.

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