socialism in America.

Discussion in 'Economics' started by zdreg, Mar 21, 2018.

is socialism coming to America?

Poll closed Apr 30, 2018.
  1. yes

    12 vote(s)
    41.4%
  2. no

    9 vote(s)
    31.0%
  3. yes in the form of crony capitalism

    6 vote(s)
    20.7%
  4. yes in the form of too much regulation

    2 vote(s)
    6.9%
  1. Wish it were mine. It is required reading I recon. I've used that list as the before-we-start-stuff on the projector teaching my occasional university class (trading, not economics) and in my I.T. career if I recall.
     
    #151     Mar 24, 2018
  2. NeoTrader

    NeoTrader

    As predicted...;)
     
    #152     Mar 24, 2018
  3. By me, yes.

    To be fair, the USA gingos piss out the other inhabitants of "America" by monopolizing the term.

    So what is it like living in a weakly functioning American country? Do you think that gives you some useful insight here? That Brazil can't make democracy work very well, capitalism or socialism? Beyond a being a mess.. what do we have to learn from your experience there?

    Facts, not personal opinion I'm using there.

    https://en.wikipedia.org/wiki/Democracy_Index
     
    Last edited: Mar 24, 2018
    #153     Mar 24, 2018
  4. I guess I think differently. But I can truly care less what Donald Trump says or our government does. I just want to get paid.

    America is great to me and I enjoy living here in America. I have no issue with our government. They can do whatever they wanna do. It does not bother me what the government does. I just want to get paid.
     
    Last edited: Mar 24, 2018
    #154     Mar 24, 2018
  5. NeoTrader

    NeoTrader

    Again, as I predicted, the evasion continues... Again, Stop evading my arguments and answer them without your usual personal BS...After that we can talk about Brazil.;)
     
    #155     Mar 25, 2018
  6. LukeZen

    LukeZen

    I agree with this. Where are you from Slart?

    Not quite the case, at least in appearance:

    World ranking of countries by their average IQ

    World ranking of countries by their average IQ.png

    If you take a look at the QS world university rankings you will see there are a lot of socialist countries with high average IQ that, according to those rankings (THE and ARWU are almost the same) are scoring really low.

    Let me ask you something about the socialist countries you were referring to, lets take Denmark and Finland: they are scoring pretty high on the economic freedom of world index for example. I know you mentioned those are not pure socialist countries as pure socialism wouldn't work, but aren't those countries more tilted to classical liberalism than socialism if you take in consideration their economic freedom, which is an important factor?
     
    #156     Mar 25, 2018
  7. That map seems very inaccurate, probably a lot of missing data IMHO however..

    I am from Ireland and Denmark, also the US, at least in early upbringing.

    I avoided IQ for a reason, not because of some namby pamby liberal stuff but because it is only a good measure under controlled conditions. There are a LOT of different IQ tests and even the standardised ones vary somewhat in translation. I can't see the numbers being trusted on closer scrutiny.

    University rankings may have a bias but at least there are multiple competing ranking orgs so some pressure to find some equivalency of measurement. No perfect measure of course.

    Saying some culture is more liberal or more socialist.. there is not accurate label. We tend to anthropomorphise countries into a type of person, it does not work but in our heads.

    At what point in time? Most European countries have multiple parties, not an enshrined two party system. Governments must work in coalition, it is quite a bubbling cauldron, you just get runs of this style or that, or one labeled Labor but actually not. Between the US and Europe, "conservative" means very different things. Attached the joke I posted before. Only academics have terms defined so there is common understanding to progress an idea.

    I lived in and visited in 43 countries now, not including airports. The countries you would want to live in have people who largely trust each other. Predictability of behavior (good or bad) will do fine if true trust is not available.

    It seems that the US is being forced into a political mitosis, particularly in the Republicans. http://www.telemachusleaps.com/2015/04/political-mitosis-in-america.html

    No more trust, the bedfellows are too polarised. Once there are six-eight significant enough parties in the US, European capitalistic/socialistic/conservative liberalism whatever may become dominant.

     
    Last edited: Mar 25, 2018
    #157     Mar 25, 2018
  8. jinxu

    jinxu

    Why is China's IQ so high?

    It would make sense that if China has the highest IQ in the world and they are a socialist country. Then socialism is a good thing.
     
    #158     Mar 25, 2018
  9. Neuroway

    Neuroway

    Hmm... Why is China testosterone level so low, jinxu? Your correlation of socialism and China is childish at best, dumb at worst. Without mentioning your conclusion.
     
    #159     Mar 25, 2018
  10. Guys, you are missing a key piece of evidence. Economic systems cannot be seen in a vacuum. You also need to look at the subject society. Societies where you find high ethical work standards, where people have higher levels of trust among the populace at large, will then tend to succeed in the long run, regardless of the economic system used.

    I posted this last summer for those who didn't get a chance to read it.

    "The real key to Scandinavia’s unique successes isn’t socialism, it’s culture. Social trust and cohesion, a broad egalitarian ethic, a strong emphasis on work and responsibility, commitment to the rule of law — these are healthy attributes of a Nordic culture that was ingrained over centuries. In the region’s small and homogeneous countries (overwhelmingly white, Protestant, and native-born), those norms took deep root. The good outcomes and high living standards they produced antedated the socialist nostrums of the 1970s. Scandinavia’s quality of life didn’t spring from leftist policies. It survived them.

    Sanandaji makes the acute observation that when Scandinavian emigrants left for the United States, those cultural attributes went with them and produced the same good effects. Scandinavian-Americans have higher incomes and lower poverty rates than the US average. Indeed, Danish-Americans economically outperform Danes still living in Denmark, as do Swedish-Americans compared with Swedes and Finnish-Americans compared with Finns. Scandinavian culture has been a blessing for native Scandinavians — and even more of one for their cousins across the ocean.

    No, Scandinavia doesn’t “violate the laws of the economic universe.” It confirms them. With free markets and healthy values, almost any society will thrive. Socialism only makes things worse."

    https://www.bostonglobe.com/opinion...list-utopia/lUk9N7dZotJRbvn8PosoIN/story.html
     
    #160     Mar 25, 2018