
Bulkboy
Mecca V.I.P.
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This sounds great on paper. Human nature will interfere. You guys are just as delusional as those who think communism is achievable.
sigh
repped=)
This sounds great on paper. Human nature will interfere. You guys are just as delusional as those who think communism is achievable.
sigh
No regulations or governance would be chaos. For example the only phone company would be verizon in America and we would all get rapped. Took regulation to finally start competitive practices there.
What about cable companies and all the issues that caused in the past with no regulation.
Libraries, elementary to highschool, 911 would be ran by corporations and would cost us the consumers money other than just the small taxes we pay for those services.
Would you like to pay monthly fees to have the service of firemen in case your house caught on fire?
This sounds great on paper. Human nature will interfere. You guys are just as delusional as those who think communism is achievable.
sigh
what enormeous natural resources does sweden sleep on may i ask?
alot of countries have enormeous resources(saudi arabia, china, russia) that doesent automatically make them prosperous and successful. its a question of prioritizing and political will.
Stockholm, Sweden. Do you think America would be better off with a Swedish-type welfare state?
This question tends to evoke strong reactions from both the left and right, yet few understand Sweden's economic history and the revisions it has been making to its welfare-state model in recent years. Sweden was a very poor country for most of the 19th century. The poverty of those years caused many to emigrate from the country, mostly to the U.S. Upper Midwest.
Beginning in the 1870s, however, Sweden created the conditions for developing a high-growth, free-market economy with a slowly growing government sector. As a result, Sweden for many years had the world's fastest-growing economy, ultimately producing the third-highest per capita income, almost equaling that in the United States by the late 1960s. Sweden became a rich country before becoming a welfare state.
Sweden began its movement toward a welfare state in the 1960s, when its government sector was about equal to that in the United States. By the late 1980s, government spending grew from 30 percent of gross domestic product to more than 60 percent of GDP.
Most full-time employees faced marginal tax rates of 65 percent to 75 percent, as contrasted with 40 percent in 1960. Labor-market regulations were introduced to make it very difficult to fire workers. Business profits were taxed heavily, and financial markets were regulated heavily.
By 1993, the government budget deficit was 13 percent of GDP and total government debt was about 71 percent of GDP, which led to a rapid fall in the value of the currency and a rise in inflation.
These policies and outcomes greatly diminished the incentives to work, save and invest. Economic growth slowed to a crawl. Other countries that avoided the excess spending, taxing and regulation of Sweden grew more rapidly, leaving Sweden in the dust. Sweden is still a prosperous country, but far from the top, and its per capita income has fallen to just about 80 percent of that in the United States.
Would you like to pay monthly fees to have the service of firemen in case your house caught on fire?