What Would a Socialist America Look Like? We asked thinkers on the left—and a couple of outliers—to describe their vision

What would A socialist USA look like

  • 1) Cuba or Venezuela

    Votes: 2 33.3%
  • 2) Canada or Australia

    Votes: 4 66.7%
  • 3) Nordic Region

    Votes: 0 0.0%
  • 4) oh hell we all know it will look just like Vermont

    Votes: 0 0.0%
  • 5) exactly like the army and the us postal service maybe amtrak or the veterans administration

    Votes: 0 0.0%

  • Total voters
    6
Jun 2018
741
237
Toronto
#51
While the EU is far better place to live than many other spots in the world, but you're picking a bad time to defend its economy. It has Germany, and will soon lose the UK. After that, here are the remaining EU countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

... there are a few reasonable economies in there (Netherlands, Finland), but there are far more that are best described as a hot mess.

Having Germany is an asset, so is the UK leaving. That are two big positives for the EU project IMHO. The EU might get into big troubles only if the franco-german alliance gets into trouble. That is the reason why the next german chancellor will be Karrenbauer btw. The Germans will try to salvage at least that. I still believe that the EU will keep going, but we will have to wait and see. At any rate the problems are not related to overspending in the nordic countries, which we were discussing, because there is no such thing.

As for the list of the other countries, they are all big fans of staying in the EU. There are some rebels on individual issues like the hungarian Orban on immigration, the poles on some legislative measures, but ask Orban if he wants to leave, the answer will be resounding no. The people want the EU, they are not as stupid as part of the brits, who btw leave because of some former glorious empire pride, the economic interest is what keeps the whole circus going.
 
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Dec 2018
1,366
478
New England
#52
Having Germany is an asset, so is the UK leaving. That are two big positives for the EU project IMHO. The EU might get into big troubles only if the franco-german alliance gets into trouble. That is the reason why the next german chancellor will be Karrenbauer btw. The Germans will try to salvage at least that. I still believe that the EU will keep going, but we will have to wait and see. At any rate the problems are not related to overspending in the nordic countries, which we were discussing, because there is no such thing.
One can still overspend and balance budgets. There is no one right answer to the question "what percentage of GDP should be extracted from a country's economy?" One thing I can say is the tax situation in Europe gives them competitive issues in the global economy. Most large, global corporations actively seek to avoid creating new jobs in Europe that are not sales & marketing related. The cost of labor there is exceptionally high.
 
Jun 2018
741
237
Toronto
#53
One can still overspend and balance budgets. There is no one right answer to the question "what percentage of GDP should be extracted from a country's economy?" One thing I can say is the tax situation in Europe gives them competitive issues in the global economy. Most large, global corporations actively seek to avoid creating new jobs in Europe that are not sales & marketing related. The cost of labor there is exceptionally high.

Again, there is no common EU budget, except for some contributions to keep the Brussels administration going. The individual countries decide about taxation levels, only for the euro-zone there are some criteria about financial policy that everybody agreed to:

Euro convergence criteria - Wikipedia

For now they all seem to be doing alright. We will see how things will develop next year in april.

Here are the austerity measures they are implementing to remain competitive:
Austerity Measures in the EU - - A Country by Country Table

Compare these numbers with the US and you will see some really interesting trends.
 
Jun 2018
741
237
Toronto
#55
One can still overspend and balance budgets. There is no one right answer to the question "what percentage of GDP should be extracted from a country's economy?" One thing I can say is the tax situation in Europe gives them competitive issues in the global economy. Most large, global corporations actively seek to avoid creating new jobs in Europe that are not sales & marketing related. The cost of labor there is exceptionally high.

So what? The american mcburger economy created a class of underpaid suckers who brought you Trump and who knows next. The europeans can bring taxation down if they get into big troubles, which Macron actually did to appease the protesters. You barely cope with the current trickle down paradigm.
 
Sep 2018
6,579
1,086
cleveland ohio
#56
Yes, that is why the EU is failing and falling apart. They have overspent.
and what makes you think Europe has fallen apart? In 2017, North America fell behind Western Europe to become the second most prosperous region in the world. Prosperity in North America declined faster than in any other region in 2017. This decline was driven by weakening Social Capital, Personal Freedom and Safety and Security. North America: Falls in latest rankings :: Legatum Prosperity Index 2018
 
Dec 2018
1,366
478
New England
#58
So what? The american mcburger economy created a class of underpaid suckers who brought you Trump and who knows next. The europeans can bring taxation down if they get into big troubles, which Macron actually did to appease the protesters. You barely cope with the current trickle down paradigm.
The American economy is the strongest in the world and has been for quite some time, though I don't have the slightest idea what you mean by "mcburger economy;" it's almost as if you have a disdain for entry level jobs.

And France will lower taxes (which is distinctly different from abandoning new ones, BTW) when it begins to shrink the size of its government; good luck to them with that.
 
Dec 2018
1,366
478
New England
#59
Again, there is no common EU budget, except for some contributions to keep the Brussels administration going. The individual countries decide about taxation levels, only for the euro-zone there are some criteria about financial policy that everybody agreed to:

Euro convergence criteria - Wikipedia

For now they all seem to be doing alright. We will see how things will develop next year in april.

Here are the austerity measures they are implementing to remain competitive:
Austerity Measures in the EU - - A Country by Country Table

Compare these numbers with the US and you will see some really interesting trends.
Sorry, no. European labor is not competitive with most of the rest of the world. The high cost is but one factor. Then there's the absolute byzantine labor laws that make it nearly impossible to fire someone, even for cause. I stand by my statement; most companies actively avoid creating new jobs there; it's why their unemployment numbers (and especially their labor participation rates) are almost always worse than ours.