Alpha13 saidAs it turns out the European paragons of socialism are all bankrupt. It was a clever scam to use a government to fund an unsustainable life style and then move the debt to the next generation. Our financial cliff is the same story . Bill Clinton says our financial ills started 30 years ago when financial accountability was dialed out of the political mind.
Yes as proven by Sweden, Denmark, Norway and all those other northern European socialist hellholes on the verge of financial collapse...
Er, be careful what you wish for - the economic histories of these countries are far from clearcut - they started out wealthy but have also undergone considerable structural reforms (read: deregulation, and privatization) to get to where they are -
It has also helped that they are relatively small countries population wise. And then there's this - a study, granted about 10 years ago pointing out that the average Swede was poorer than the average black American - the poorest socioeconomic group in the US.
Uh, this is actually my point... from a purely american conservative standpoint these countries are extremely "socialist." However, upon actual inspection, you see how they have found ways to maintain both economic competitiveness and extremely strong social safety nets and still have low levels of debt.
If someone is going to bring up European socialism as a cautionary tale, they can't just ignore the countries that don't fit their spin...
A comparison of income is meaningless without normalization for standard of living... Does it matter if Swedes make less, if they don't have the same basic expenses (healthcare, child care, etc)