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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (209420)10/30/2004 6:35:35 PM
From: tejek  Read Replies (1) of 1578124
 
So it shows the US as the 2nd most competitive economy in the world and the most competitive large economy. That's hardly a slam on the US or an endorsement of socialism.

The Scandinavian countries are more socialist then the US, but public spending as a % of GDP is not the only measure of how the government interferes negatively in the economy, and even in this measure there has been a reduction from former high levels. There is also the regulatory burden, labor law flexibility, and many other factors. And government is not the only factor. Except in a truly socialist/communist state the goods and services are produced by the private sector and while obviously the government has an impact (sometimes a large impact) on the private sector, it isn't the only thing that determines competitiveness.

It shows that their blending of socialism and capitalism works very well.

ted
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