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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (360664)11/28/2007 6:16:16 PM
From: tejek  Read Replies (1) of 1575053
 
East Germany grew under its dictatorship but all the wealth was siphoned off to its elite and Mother Russia. That's what happens in a dictatorship, not socialism.

Thank you for confirming my point. Remove that communist dictatorship, and you allow for greater economic growth. Yes you start out poorer but that makes higher growth easier. Its easier to have rapid growth off of a small base (except perhaps if it is so small that there is almost no infrastructure, or skilled and/or educated people, and that was NOT the case in East Germany.

Notice how growth rates in the countries in central and eastern Europe that have liberalized their economies has been high. East Germany was hardly the basket case of the communist block, so it doesn't provide an excuse for slower growth in Germany, let alone the slower overall growth in Europe.
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