RE: Communism good for US?
September 24, 2011 at 9:19 am
(This post was last modified: September 24, 2011 at 9:21 am by Justtristo.)
(September 24, 2011 at 1:32 am)ReB Wrote: I think if the US were going by a Socialist / Communism government, it will not only get the economy in better shape, but end the 9.10% of Americans without jobs. With factories being built (for jobs), and more exports (from factories) will slowly get the US out of its $14.71 trillion dollars in public debt. This also will turn the US into a classless nation, this means, equality. That can solve healthcare issues. Agree, or no? Why or why not?
I forgot to mention... Heres your proof
Comparison of all-in-all debts owed
US: About 250%
Russia: 79%
You see where I'm going with this?
Please read up the economic histories of countries which have implemented state ownership and control of industries. Such as Cuba, Former Soviet Union, China before economic liberalisation in the 1980's, North Korea and even cases like India or Great Britain where the government control over the economy was a lot less than those countries above.
Having an extensive welfare state does not make a nation's economy socialist, unless it had at the same time a lot of state ownership and control of the economy. I think America can balance it's budget and eventually pay down it's debt, it just needs to cut spending (currently at 38.9% of GDP) and increase taxes (at the moment 27% of GDP).
undefined
