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McFadden5252
Registered: Jun 2012
Posts: 32 |
09-19-12 07:16 PM
Can somebody in detail break down the difference between European Socialism versus Keynesian Economics being displayed in America today? Keynesian economics is often dubbed "soft socialism" and from my knowledge European Socialism is a "mixed economy" as well. In the US we are now more of a mixed economy ourselves. Please help me understand the major differences between the two and break it down for me.
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Ripley
Registered: Aug 2004
Posts: 2063 |
09-19-12 08:04 PM
Quote from McFadden5252:
Can somebody in detail break down the difference between European Socialism versus Keynesian Economics being displayed in America today? Keynesian economics is often dubbed "soft socialism" and from my knowledge European Socialism is a "mixed economy" as well. In the US we are now more of a mixed economy ourselves. Please help me understand the major differences between the two and break it down for me.
Keynesian Economics, also known as Demand side economics is the mistaken belief that government spending can stimulate demand.
European Socialism is a state of economic deterioration wherein which the "takers" in a society significantly outnumber the "producers" due to some sort of initial economic calamity that turns a productive society into an entitlement society, which further triggers an all out economic death spiral into a complete economic self-destruction.
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McFadden5252
Registered: Jun 2012
Posts: 32 |
09-19-12 08:13 PM
Demand is infinite.. There will always be demand. However, Supply is finite. If you produce, there will be consumption of your goods/services. I believe in supply side economics. Supply spurs job growth, more capital, more investment, more factories, more jobs. I see what you are saying but we are rapidly becoming a nation of people who believe they are Entitled to everything so what differs us from European socialism?
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Ripley
Registered: Aug 2004
Posts: 2063 |
09-19-12 08:51 PM
Quote from McFadden5252:
Demand is infinite.. There will always be demand. However, Supply is finite. If you produce, there will be consumption of your goods/services. I believe in supply side economics. Supply spurs job growth, more capital, more investment, more factories, more jobs. I see what you are saying but we are rapidly becoming a nation of people who believe they are Entitled to everything so what differs us from European socialism?
All the civilized societies as the they give voice to the downtrodden and the oppressed (almost always the dumb and the lazy) set themselves in motion go get to that eventual point where the democratic process itself becomes a danger to the vitality of the Republic. America is at that decisive point at this moment in time.
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Opulence
Registered: Mar 2012
Posts: 75 |
09-21-12 11:59 AM
Quote from Ripley:
Keynesian Economics, also known as Demand side economics is the mistaken belief that government spending can stimulate demand.
European Socialism is a state of economic deterioration wherein which the "takers" in a society significantly outnumber the "producers" due to some sort of initial economic calamity that turns a productive society into an entitlement society, which further triggers an all out economic death spiral into a complete economic self-destruction.
Your definition is European socialism sounds a lot like what's taking place in America today. The takers outnumber the producers, and we live in an entitlement society.
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piezoe
Registered: Jan 2006
Posts: 4954 |
09-21-12 07:06 PM
Quote from Ripley:
Keynesian Economics, also known as Demand side economics is the mistaken belief that government spending can stimulate demand.
...
A specific example might add credibility to your statement. 
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