(November 6, 2019 at 8:21 am)Deesse23 Wrote:This model included low taxes.(November 6, 2019 at 3:44 am)Dmitry1983 Wrote: I'm teaching you about your economic model not your country. It's totally ok because most people in western countries have no idea how their economies work.
I'm ok with ordoliberalism since it includes sharp reduction in taxation.
Yeah, and taxation is irrelevant (like most things you say) to your original point of "capitalism = no social programs = big growth, and vice versa", which i refuted by pointing out Germanys economic model of post 1945
Quote:You also claimed that China has an economic growth rate of 9,4% on average (without telling for which timeframe), which i showed to be untrue by pointing out that Chinas growth rate is under 10% and sinking for at least 10y.I explained to you that low growth of world economy is caused by global financial crisis.
Quote:You also kept being silent after me pointing out that big growth is quite easy to achieve when you start of from a pretty low economic standard.Brasil has same GDP per capita as China but their growth rate is 1% for last 10 years.
https://tradingeconomics.com/brazil/gdp-growth