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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: XBrit who wrote (24602)10/17/2004 4:04:58 PM
From: GraceZRead Replies (1) of 306849
 
,i>There are a few other countries with policies of wealth redistribution which are far more aggressive than practiced in the USA. Actually, every other advanced country. Those countries are not noticeably collapsing.

At what price though, at the price of giving up social mobility which I don't think most Americans wish to give up. That and the fact that redistribution makes everyone a little poorer. Aside from that, the most aggressive country that practiced redistribution of wealth was the Soviet Union and they took almost 90 years to collapse. Meanwhile an entire generation had to live through Hell.

Probably the most capitalist nation has been Japan and they have the highest per capita GDP of any of the large economies and a more equal distribution of wealth than most Socialist European countries.
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