This report by a Swedish thinktank compares the economies of the United States and the European Union, and Europe doesn’t fare too well. It’s written in a very accessible style. I used to think that, if I were poor, I’d much rather be living in Europe than the US. Now I’m not so sure — by some measures, America’s poor enjoy a higher standard of living than the EU’s middle class. Of course, it sucks to be poor anywhere in the world.