Now that Greece, Portugal, Spain, and Italy are going broke, liberals are revising their theory that "socialism is working in Europe" to say that "socialism is working in Germany, Norway, and Sweden." Wow, that's super. They realize, don't they, that those countries have a trade surplus? http://www.tradingeconomics.com/Economics/Balance-Of-Trade.aspx?Symbol=NOK If we want to adopt that style of "socialism," that means we have to give up buying cheap imports at Walmart. Because those countries don't. Walmart tried to open stores in Germany and they failed. German's wouldn't accept it. There are also no Carrefour, Testa, or Asda stores there. No big box stores selling cheap imports from China or Indonesia to take away the jobs from the domestic economy. Do liberals really want to adopt that kind of socialism? Because that would be great with me. We could finally end free trade and start bringing back jobs to the USA. Reality - no, they are not in debt. They are creditor nations. http://www.tradingeconomics.com/Economics/Current-Account.aspx?Symbol=NOK http://www.tradingeconomics.com/Economics/Current-Account.aspx?Symbol=SEK They may have a national debt on their government bugdet, but that is not really a concern. The USA was very prosperous in the 1960's and early 70's, when we were a creditor nation with a trade surplus, but we had a national debt.
Politics - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
None of the countries you discuss in your question are socialist countries. Thanks for playing, though.
2 :
Well that is the trade off for building a middle class in which people can earn a decent living and we have to give up some cheap products, than yes. Economic growth from free trade is worthless if it only benefits the rich and impoverishes everyone else.
3 :
Actualy Norway and Sweden are deep in debt. Not as much as Greece but it's coming soon
4 :
It is called culture my friend. If the majority of your people are hard working and intelligent (Germany, Sweden, and Norway) you have a much better chance of succeeding than a country whose people are lazy and stupid (Greece, Spain, Italy).
