SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (360671)11/28/2007 6:23:19 PM
From: tejek  Read Replies (1) of 1575014
 
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.

Again, no country where freedoms are restricted grows at its pontential whether the economy is capitalistic or socialistic. The only exception I've seen is China. And I have to believe that freedoms are expanding in that country.

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.

That's because W. Germany did something stupid......it brought the E. German Deutsch mark up to par with the W. German Deutsch mark all at once. Instead of making the E. Germans feel equal, all it managed to do was prevent new investment from going into E. Germany like what was happening in the other E. European satellites. Hence, it has taken E. German longer to turn than countries like the Czech Republic and the Baltic Republics. And btw, several of the former satellites continue to struggle......Poland being the prime example. Many of its young people are emigrating to other countries because they can't find work in Poland.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News