Why is Europe in the danger zone? Why has socialism failed its people?

Google is your friend.

http://en.wikipedia.org/wiki/List_of_countries_by_inequality-adjusted_HDI

 

You are very mistaken, R34.

You did not read the information correctly.

"Welfare state" capitalism is the same thing as neoliberal socialism!

Since the rise in popularity of the New Right and neoliberalism, a number of prominent social democratic parties have abandoned the goal of the gradual evolution of capitalism to socialism and instead support welfare state capitalism.[7] In recent years, several social democratic parties (in particular, the British Labour Party) have embraced more centrist, Third Way policy positions.

 

You are very correct, Mac.

By the way, have you noticed most of the liberals in this group suffer from the malady of "Class Envy"!

"I love old Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright."

 

These discussions were very good.

"Thanks to the foolish and very costly policies of socialism "most of Europe's major countries are heavily indebted. The economy has slowed to a crawl; the latest IMF forecast (perhaps optimistic) puts next year's growth at about at 1 percent."

"The root cause of the problems in Greece and, to a lesser extent, in Portugal, Ireland, Spain, and Italy is spending beyond their means. As a precondition to membership in the European Union, countries pledged that their budget deficits would not exceed 3% of gross domestic product (GDP) and that sovereign debt would not exceed 60% of GDP."

"Since early 2010, there has been tremendous uncertainty regarding the outlook for the economies and sovereign debt of peripheral Eurozone members, notably Greece, Portugal, Ireland, Spain, and Italy. Belgium could be added to this list as well, because of its political uncertainty and growing fiscal burden. The global recession of 2008–2009 exacerbated longterm structural and economic issues in these countries, including: public sectors that were excessively large in relation to the overall economy, unsustainable social entitlement programs, and fundamental misalignments in wage and price levels relative to more competitive members of the currency union."

 

Wrong.


No one ever forced any bank to make a loan they didn't want. In fact, the banks kicked and screamed until they were allowed relax the rules beginning in the Carter administration. Reagan tried to fix it was blocked by a Democratic congress who believed house prices would always go up.

And check for yourself. Under whose administration was it that Traveler's and Citicorp were allowed to merge illegally? The 1998 merger with a smiling Bill Clinton giving the go ahead was exempted for a year in which time the banks "convinced" congress to remove the Glass-Steilgel act....

That's where the 1998 melt down happened, when Clinton signed a bill allowing banks to become "too large to fail."

You may want to rent the film "inside Job" where you will find that the same people involved in that are now working for the government.

 

You are very correct, Lil Mike.

For some reason, liberals in this group cannot bring themselves to believe and accept that Europe has clearly demonstrated that "socialism" is now proven as a failed economic experiment!

“The problem with socialism is that you eventually run out of other people's money.”
― Margaret Thatcher

 

Why is the US in the danger zone? Why has capitalism failed its people?

 

Simple answer. the power of money and greed has allowed some (not all) of the EU countries to be suckered into the manipulation of those who have a lot of money and now the government is losing control of the government.

It is like capitalism. And in the socialist countries that are in trouble, they allowed their government to be taken over by the greedy rich in their own countries, and from greed abroad. Also, some got suckered into the wars of the USA and isreal.

 

Again, you are very mistaken, Clint Torres.

The capitalist countries like the USA are doing just fine, thank you! It is the socialist countries like Greece, Italy and Spain and Portugal who are in big trouble!

In fact, these countries are in such bad shape, their major banks are selling the government bonds of these countries and using this money to purchase US government bonds!

 

Not so, The usa and it's investors are doing the same thing here.
Perhaps the investment markets of the USA appear to be doing fine, but the economic condition is a lot different than the wealth markets of investors. And I don't know where you get your information on the Economic condition of the USA, but it is not correct. The USA has been stagnant for the past 12 years, almost no growth, and no growth potential, not to mention the unemployment, and massive debt of each individual State. The Sate of California has a debt larger than Greece. Florida has a debt as large as Italy.

The USD has declined for the past 12 years, and there is also wide spread poverty. If your media does not show it you may need to take a look at your investment portfolio if you have US investments. China is allready cautious on the USA for the past 3 years.

 

You are very correct, sec.

The liberals in this group love to blame the USA for everything that goes wrong in the world.

 

Ha-Ha!

Very good response, sec!

 

You come from Britain and you are Obamanizing the US? Blame everyone else except your own stupid Socialistic policies.

Capitalism didn't fail. The US Government, led by untrustworthy morons like Barney Frank and Chris Dodd, did. When added to the poorly run quasi-privatized Fannie and Freddie, dangerous times were guaranteed.

Socialism failed. Big time. Blame yourselves. You allow unelected bureaucrats in Belgium to control your currencies, economies and lives.

WTF did you think was going to happen?

 

Because there is no free lunch and the golden geese have had enough...

 

'Everyone', Buzz, being the universe of cocktail party revolutionaries and folk with their hands out from the far left.

 

Socialism is like the tendency to not study for your exams.

Capitalism (and studying) are rough, they take discipline, but it pays off. It is easy NOT to do it though, as easy as it is to depend on the government for everything-, but this causes extreme lack of self-esteem and hence lack of self-progress on the individual's part.

And when self-esteem and self-progress wane, the individual becomes troublesome and non-productive. At this point, government (or parents) must step in to FORCE the subject to obey.

Socialism (not studying) still won't work though. People need goals, not handouts. Only then will they grow.

I'm not supporting the ultra-rich though. I think it is despicable that anyone should have a multi-million dollar income while there are hungry families. But Socialism isn't the answer. Tightly regulated Capitalism is. I don't mean tightly taxed companies. I mean companies should be stopped from offshoring or exporting jobs. They NEED their tax money to keep growing, but they must grow HERE IN AMERICA!

 

A bunch of far left academics get together in a room and produce an index reflecting the universe of 'free' goodies and massive government so as to justify more 'free' goodies and more big government, with those self same far leftists influential and pampered.

 

I suppose the Pope would count as 'far left' out there in the right-wing backwoods. Funny how McCarthy managed to put the fear of God into whole generations: he was MUCH more effective than Stalin. Imagine anyone who can seriously talk about the EU as 'socialist'. Weird!

 

You are indeed correct, JIMV.

The Democrats want to "kill" the goose that lays the golden eggs!

And that goose is "capitalism"!

 

Ha-Ha!

You are very correct, JIMV.

The "Buzz" will not have a response to this comment!

 

Curious... last I heard, London -- not New York -- was the world's capital of fraud. How many banking scandals have gone through London? MF Global, AIG, Lehman Brothers, etc. "The City" is even less regulated than Wall Street.

And the UK has just further displayed it's solidarity with the banks at the recent Brussels summit earlier in December, which is causing massive ripples throughout the entirety of the EU. America had nothing whatsoever to do with that.

There is plenty of blame to go around. And, unfortunately, the robber barons aren't as pettily preoccupied with borders and little lines on maps as your ilk is. (If they were, then perhaps America would have been spared in the most patriotic of manners.) To quote an old maxim: "Physician, heal thyself!" The "structure" (I use this word loosely) of the entire global economy is rotten to the core -- and Europe is just as worthy of blame as is the United States!

 

Socialism like liberalism fails for the simple reason that people would rather take from the community rather than give.

 

You are very correct, texmaster.

Unfortunately, here is a perfect example.

I Got 15 Kids & 3 Babydaddys-SOMEONE'S GOTTA PAY FOR ME & MY KIDS!!!

[ame="http://www.youtube.com/watch?v=bavou_SEj1E"]I Got 15 Kids & 3 Babydaddys-SOMEONE'S GOTTA PAY FOR ME & MY KIDS!!! - YouTube[/ame]