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originally posted by: CIAGypsy
a reply to: BlastedCaddy
And in the meantime, the government is shelling out money it doesn't have for socialist programs like Obamacare. At some point the country is going to be bankrupt and the government credit will end.
This cycle is NOT sustainable.... But until they have reached that point, they will continue to bankrupt those of us who don't live in a non-ecnonomically-sustainable cycle so that we can't dig anyone else out.
The ONLY thing that is keeping the US afloat right now is the Petro Dollar. Once that gets hijacked by China/Russia, it will be sayonara...
originally posted by: johnwick
Some folks just lack the ability to learn.
Insanity-doing the same things over and over always expecting a different result-Einstein
I mean it isn't like it has been tried and failed basically every single time in history it was tried.... Oh wait, it has failed every single time it was tried... Nvm
Only in the scandanavian countries has it worked, and there are tiny, with tiny populations, and they practice.... Dumb dumb dumb..... Capitalism still..... Hhhmmmmm
Scandinavia’s hard-left turn didn’t come about until much later. It was in the late 1960s and early 1970s that taxes soared, welfare payments expanded, and entrepreneurship was discouraged.
But what emerged wasn’t heaven on earth.
That 1976 story in Time, for example, went on to report that Sweden found itself struggling with crime, drug addiction, welfare dependency, and a plague of red tape. Successful Swedes — most famously, Ingmar Bergman — were fleeing the country to avoid its killing taxes. “Growing numbers are plagued by a persistent, gnawing question: Is their Utopia going sour?”
Sweden’s world-beating growth rate dried up. In 1975, it had been the fourth-wealthiest nation on earth (as measured by GDP per capita); by 1993, it had dropped to 14th. By then, Swedes had begun to regard their experiment with socialism as, in Sanandaji’s phrase, “a colossal failure.”
Sweden has been repealing its welfare state post-crisis. Norberg says the country has become "successful again, but only after a new reform period, with more deregulation and free trade than in other countries." Taxes have been cut, school vouchers allocated, and the pension system partially privatized as Sweden distances itself from its welfare-state past.
Sweden and the other Scandinavian countries have experimented with very big government and semi-socialist ideas. There's just one problem: That experiment coincided almost perfectly with the region's only sustained period of economic decline over the last 100 years.
Sanders' image of Scandinavia is just like the rest of his policies: stuck in the 1970s. Until that decade, Sweden and Denmark had grown much faster than other European countries and had become richer than most other countries on the planet, in large part by limiting government and embracing markets.
During the past few decades, the Nordic countries have gradually been reforming their social systems. Taxes have been cut to stimulate work, public benefits have been limited in order to reduce welfare dependency, pension savings have been partially privatized, for-profit forces have been allowed in the welfare sector, and state monopolies have been opened up to the market. In short, the universal-welfare-state model is being liberalized. Even the social-democratic parties themselves realize the need for change. Curiously, the American admirers of Nordic-style democratic socialism pay no heed to any of these facts.