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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: RetiredNow who wrote (262649)7/21/2010 2:01:02 PM
From: tejekRead Replies (1) of 306849
 
But if we move too far towards socialism or jettison our free markets with never-ending bailouts and Keynesianism, then religion will be the only thing we have left, because class mobility will be a thing of the past.

See......this is where things get a little sketchy. From the cradle, we are taught that capitalism is good; socialism is bad. US good; Europe bad. You want to upend a discussion on capitalism just throw the word, socialism, into the mix and the conversation quickly comes to an end.

The truth is some of the most prosperous and capitalistic nations in the world are in Europe.......the very continent we are taught is made up of dangerous socialists. Germany is the second largest exporter of products after China and ahead of the US. Denmark has one the lowest unemployment rates in the world and was hardly touched by the Great Recession. Norway and Sweden have much less poverty per capita than the US.

What US capitalism has become is a tax haven for the rich. Its why the rich from other countries emigrate here. And why that may be all good for the rich, I will not for the life of me understand why middle class Americans get all misty eyed when another foreign, rich arse pulls up stacks and moves here.

The capitalism we endorse going forward should benefit all Americans, not just the rich.

Oh yeah, some of my best friends are Germans......so sue me!
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