Stocks of Socialized Countries Outperform U.S. Since Reagan Era

[sixmile]

Put THAT in your 'free market' pipe and smoke it!

http://www.huffingtonpost.com/2011/06/22/stocks-socialized-us-countries-reagan_n_882270.html

'American traders aren't likely to take kindly to the suggestion that big government might be good for the stock market. But data from a paper on the job- and income-growth of top earners shows that stock prices in some socialized countries, relative to themselves and adjusted for inflation, have done considerably better than those in the U.S over the last two and a half decades.'

snip

'The authors conclude that big government might not actually stand in contradiction to a productive economy: "Countries with typically high levels of government involvement in the economy, such as Sweden, Denmark and Canada, do not appear to have experienced stifled economic growth relative to countries where government involvement is more limited, like the US," the report says.'

more at link

[Drale]

1. This does not suprise me one bit. /nt

[sixmile]

2. Pass it on

Put it in your holster for debate should you need it.

!

[xchrom]

3. Recommend

[RainDog]

4. so, if politicians really want to revive the economy

...they need to invest in infrastructure jobs here - b/c that's what those countries do, too. they've made plans to switch to x % of their energy from renewables and have put money into building that sort of infrastructure.

college is accessible via a sliding fee scale - and you have to have the grades and the work ethic to get into them.

Iceland found out the hard way that using the American system is the way to economic disaster.

oh, and the conservatives ALWAYS trot out the boilerplate response that those countries are smaller with less diversity - to which I have to say - so fucking what. diversity is only a problem if you're a racist fuck.

[bbinacan]

5. I see too many problems here.

Most notably the time frame, as was mentioned in the article. The other problem could be government sanctioned monopolies in Europe. Think of the products that only can be identified by the region. Things to ponder.

[fascisthunter]

14. face it... uber capitalism without socialism is backwards

and does nobody any good, unless you are in the investor class and you are greedy and don't mind watching your own countrymen and women struggle for nothing.

[eallen]

6. But not socialist. Those social democracies value their healthy capitalism...

Those nations are social democracies. <i>Socialized</i> might be a good term. But not socialist. Socialism requires that the means of production isn't privately owned. So no stock market.

:hippie:

[murphyj87]

7. Canada creates more jobs.......

Canada has created an average of 3.5 per capita private sector jobs for every US created per capita private sector job for over a year.

US unemployment rate for May was 9.1%, Canadian unemployment rate for May was 7.4%

In 2008, the Toronto Stock exchange fell 35%. In 2008, the Dow Jones fell 46%.

As far as "diversity", it's the US which is a "melting pot" while Canada is a "cultural mosaic", if you mean a diversity of people.

Canada has one person per capita, exactly the same as the US has, as far as population size is concerned.

[murphyj87]

8. Server burp I guess, duplicate

[indepat]

9. Capitalism run amok in a climate of laizze-faire governance produces the likes of the great

depression and this great present-day thingy with so many of the characteristics of a depression. And without fail, it produces extreme income inequality, concentration of wealth among the relatively few, and widespread unemployment and poverty among the masses. :patriot:

[Hydra]

10. "Water proven wet..."

"More at 11..."

Seriously. Capitalism is about getting the most profit out of an exchange, which requires someone or many someones to take a bath so someone else can make an obscene profit.

ie: Competition has many losers and co-operation has many winners. Long term, that will always pan out.

[econoclast]

11. Think corporate taxes might have something to do with it?

In 1981 US corporate tax rates were lower than or equal to most other OECD countries. While US rates have dropped from 50% to about 39%, the rest of the OECD has fallen even more so that now the US has the highest rates in the OECD ... By a wide margin. Not surprising then that the stock prices in those countries have grown faster than in the US.

[fascisthunter]

12. Proof our Economic System is a BS scheme

[Hawkowl]

13. No shit? Like China? .nt

[fascisthunter]

15. CHINA is Socialist? LOL...