Question by gws35: What IS socialism? An escape from poverty, or a luxury for prosperous exporter nations?
Take your pick from the following list of nations, and decide which ones have a successful form of socialism, in your opinion:
All of these countries, other than France, have a trade surplus. France had a trade surplus up to year 2000.
Successful socialist nations DO NOT depend on imports, like the USA does. Or if they do, they export even more to pay for them and maintain a positive trade surplus.
Socialism is a LUXURY reserved for nations that successfully sell their products to the rest of the world.
Which is oddly a very capitalist thing to do for such supposedly socialist nations.
Euro/Canadian “socialism” is a social agenda, not an economic policy.
This brand of “socialism” relies on a healthy CAPITALIST economy to pay for the social programs.
They need the income from exports to sustain the high taxation of their citizens.
And the citizens depend on the trade surplus to generate enough income for them live on after the high taxation.
Here, check the economic statistics for these countries for yourself:
Norway Balance of Trade
You can select a different country in the box at the upper left corner.
9 out of 10 supposedly “socialist” nations are exporters, or they were up to 2008.
And the ones that are not exporters are deeply in debt. Switch to “Current Account” to see if the nation is a creditor nation (positive current account balance) or a debtor nation (negative current account balance).
And don’t forget to check the stats for the USA and China, for comparison purposes.
THE BOTTOM LINE: The USA would have to cut WAY down on its imports if it ever hopes to adopt Euro/Canadian style “socialism.”
Answer by Shawn
You pretend to work.
We pretend to pay you.
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