Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (886872)	9/12/2015 1:15:47 PM
From: TimF	Read Replies (1) \| Respond to of 1578553

Actual Austrian government economic policy has never consistently, and probably never had all, had much connection to the ideas of Austrian economics. Austria became less prominent because it lost WWI and its empire, then it was hit hard by the Great Depression, then it was on the losing side of WWII, then it had a lot of assets sized by the Soviets, then it nationalized various industries (socialism not Austrian economics), finally it fully or partially privitized much of what it had nationalized in the 90s (as did many other countries in the 80s or 90s), which helped a bit but its still more socialist then the US is (hardly a policy pushed by Austrian economics) and it has a strong labor movement. Despite all of that its not that much of a backwater, it just isn't one of the biggest economies. Largely because it only has about as many people as New York City.