|
|
Re: Obama's win - good or bad for the US/the world?
Posted:
Nov 7, 2012 4:30 PM
|
|
On Wed, Nov 7, 2012 at 12:25 PM, Wayne Bishop <wbishop@calstatela.edu> wrote:
> I personally believe that it is a disaster...Think the US right behind my state of California right
> behind the glories of modern Greece.
>
Think instead the glories of modern Norway and Scandinavia in general
IF this country had the guts to go there:
Per capita, the US is not the world's richest nation - for every year
of the past many decades, in fact. For every year of the past many
decades, most of the countries of socialist-capitalist northern Europe
have had larger per capita nominal GDPs - and more upward income
mobility with the percentages of their populations being entrepreneurs
ever higher than the US. See some of the most recent data on this:
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
The US now has only half the percentage in 1977 of its population
being entrepreneurs. Because of regulations taken off the banks
starting with Reagan in the 1980s and ending in the 1999 repeal of the
Glass-Steagall Act, entrepreneurial democracy is quickly getting to
the point of no longer existing in the US (without these regulations,
the banks can now make more money more quickly more easily doing
something else than lending it to ordinary people to start or expand
keep going a small business). It exists much more in other countries -
see the below on Norway, the richest country in the world per capita
outside of some very small countries with *citizen* populations of no
more than a few hundred thousand - most much less.
And roughly in 1990 Norway (the most socialist of these
socialist-capitalist countries) blew right past the US in per capita
PPP GDP and on average has been pulling away ever since. (It's nominal
per capita GDP is now twice as large as that of the US.). On Norway:
"Moral economics -> world's highest living standard and greatest
happiness"
http://mathforum.org/kb/thread.jspa?messageID=7633652&tstart=0
http://www.goinglobal.com/articles/1079/
Quote: "Considered the ?promised land? for the unemployed of Europe,
Norway boasts low unemployment, high salaries and continued job
creation."
|
|
