I don’t claim to be an economist or even play one on the internet but let me pose a question for all, is the European Union an exercise in socialism?
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods .
2 a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
The future of Europe is faced with two paths and soon the people of
The EU has stated as some of its goals that it would like to be a political and economic power to serve as a counter to the
No greater illustration of the demarcation line between the members of the EU is the tax burden that member nations levy on their citizens. It is generally accepted that the tax-to-GDP ratio is a very accurate measure of the tax burden of a countries citizens so that will be the measure I use. The lowest tax-to-GDP ratio of the EU25 is 28.7% for
Now if one takes an every closer look at the numbers, you will find that most of the lower tax burden countries are ones that have joined recently or have system of capitalism in place with low unemployment. As the unemployment figures in “Old Europe” continue to stay high, such as
Now by this point you might be asking how does this prove or even suggest that the EU is socialist group of countries. It does not. This post stems from a conversation I had recently with a co-worker and friend. I had originally thought that the EU was blatant socialism starting to run amok across
The EU is not a collection of Socialist states just yet but it could be on its way. If the French and Germans are allowed by other members to continually have unemployment rates above 9% with GDP growth rates under 1% then sooner or later they will use their political clout to force EU member to subsidize the massive social programs that they already have in place. I wonder if the newness of capitalism played a part in many of the former Warsaw Pact nations tripping over themselves to join the pseudo-socialists in the EU. Maybe that and the inherent lack of faith in humanity that was ingrained during the years of Soviet rule are why those nations lined up to help pay for the rest of the continent’s mistakes.
Folks it comes down to the simple truth that while not perfect, capitalism is the best game in town and those on the left who bitch and moan about how bad it is should take a hard look at the numbers and then decide once and for all if they have faith in their fellow citizens. Just one more then for those on the left (short bus), life is not fair and if you’re not willing to work for it then you don’t deserve a damn thing. I have just finished “Atlas Shrugged” by Ayn Rand for the 3rd time. That book was published in 1957 and its message is truer today then ever before. Those who can't produce simply loot from those who do, and that amazingly enough describes most of
Cross-posted at Wide Awakes