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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (150863)	9/4/2002 10:52:42 AM
From: TimF	Read Replies (2) of 1586320

At least 90% of the people work in Germany......complaints re income taxes are no more widespread than they are here in the US. destatis.de Shows a labor force participation rate of 80.1% for men and 64.9% for women. If you mean rather that the unemployment rate is below 10% then your right its about 8% but its consistently been above the rate in the US. oecd.org My point was not that people in Germany don't work or complain all the time but rather that they are less likely to take risks to make new startups and do other things that would make their economy more dynamic because the expected returns are less due to higher taxes and greater regulation. They are less likely to take risks to make a fortune if most of the fortune goes to someone else. Countries that have socialistic leanings seem to run very well. I don't expect Norway or Sweden or Germany to collapse anytime soon. They have enough capitalism to generate the wealth to pay for the socialism. If they where predominately socialist they probably would either collapse or stagnate. In any case they don't run as well as they could if they had less socialism. Tim

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