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starbucks4ever (97.36)

The big-enders vs. the little-enders

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October 31, 2009 – Comments (3)

Discussions like this always remind me of the great debate between the big-enders and the little-enders, who can never come to an agreement about the right way to break an egg.

Socialist outcomes: a) Sweden, b) USSR, c) North Korea

Capitalist outcomes: a) England, b) Chile, c) Nigeria

Conclusion: a country's success or failure depends on the choice of economic model. Not.

3 Comments – Post Your Own

#1) On November 01, 2009 at 10:01 AM, whereaminow (22.06) wrote:

zloj,

I think either way you slice it, if it is the Rule of Law you are better off than the Rule of Men.

David in Qatar

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#2) On November 01, 2009 at 1:27 PM, MichaelMolenaar (< 20) wrote:

The primary economic model adopted by a country is the largest determinate of how a country will grow or shrink. Countries that value initiative, individual freedom, and rule of law will always prosper more than those that value collectivism and centralized control.

England, Chile, and Nigeria and not purely capitalist states. The United Kingdom, for example, has socialized medicine, and a corporate tax rate of 28%. The UK, like most of Europe, has larger government when compared to the United States. Nigeria is also definetly not capitalist, if you want to do anything bussiness oriented you have to jump through ten thousand hoops and spend at least as much on bribes. 

To get the clearest picture, think of the relatively most free economies in the world, like Singapore or Hong Kong, and compare them to areas with large government. Prosperity always follows with the freest market.

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#3) On November 01, 2009 at 1:41 PM, starbucks4ever (97.36) wrote:

"Prosperity always follows with the freest market"

Prosperity always follows with an honest government, regardless of the type of the market. Any impartial observer can see that all first-world countries have one thing in common: these are the countries where you can't bribe the president. And all third-world countries also have one thing in common: these are the countries where the president will happily sell you the land, the water, the air, and the treasury if only you agree to make your payment in cash and under the table. This is the ONLY dividing line and there aren't and will never be any other criteria.

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