Economic Tidbits

From http://christianinfobomb.com/phpBB3/viewtopic.php?f=7&t=14200


Remember FULL freemarket and privatization / corporatism proponents always tell you that such societies go broke etc, cannot compete, for decades norway is only goign further away from teh rest of the wealthy nations, PLUS enlarging funds and having an enormous budget surplus in the midst of the worst financial / economic crsis ever!!
Norway and a handfull other countries ROVe the oppsoite, prove them all wrong!! Norway can compete!! They built up society and everything is up and running, no problems financially....no poverty , universal healthcare, they have it all and STILL do better then any privatized 100% free market system. This is a bad example for ron Paul for example,that's why he never mentions it, it doens't fit in his marketing political picture that he has to sell you!!
Norway is Iceland before the crsis without those obscene debts and funds and reserves!! It's the best country of ther world to be!!
It also beats Switserland, who has a very laizes faire economy ala Rn Paul's style economy ( low taxes, private insurance, small govemrent)and is dropping fro decades, cannot keep pace and is becoming average in the list of advanced nations.
Switserland is also nowhere to be found with best healthcar,e education or anything, cause privatization doens't work!! Plus that the pricelevel is very high in Switserland and in comparisson they have not much left disproportionally, they might pay less taxes, but high prices and lots of insurances( insurances like in the US)
Purchasing power in many other countries with a lower income per head of the population is equal as in Switserland now.
Switserland is loosing steam for decades. I was there in 1989, then they said they where too expensive, now it's 20 years alter and they only lost their former advantage over other wealthy nations.
-Flying Dutch


_____________________


Top 20 wealthiest countries per GDP:

http://en.wikipedia.org/wiki/List_of_co ... P_(nominal)_per_capita


Quote:
1 Luxembourg 113,044
[b]2 Norway 95,062[/b]
3 Qatar 93,204
4 Switzerland 67,385
5 Denmark 62,626
6 Ireland 61,810
7 Iceland 55,462
8 United Arab Emirates 54,607
9 Sweden 52,790
10 Netherlands 52,019
11 Finland 51,989
12 Austria 50,098
13 Australia 47,400
14 Belgium 47,108
15 United States 46,859
16 France 46,016
17 Kuwait 45,920
18 Canada 45,428
19 Germany 44,660
20 United Kingdom 43,785

MY COMMENT, FOR PEOPLE WHO ARE IN FAVOUR FOR AUSTRIAN SCHOOL OF ECONOMICS:

The Norwegian economy is an example of a mixed economy, featuring a combination of free market activity and large state ownership in certain key sectors. The state has large ownership positions in key industrial sectors, such as the strategic petroleum sector (StatoilHydro), hydroelectric energy production (Statkraft), aluminum production (Norsk Hydro), the largest Norwegian bank (DnB NOR) and telecommunication provider (Telenor). The government controls 31.6% of publicly-listed companies. When non-listed companies are included the state has even higher share in ownership (mainly from direct oil license ownership). Norway is a major shipping nation, and has the world's 6th largest merchant fleet, with 1412 Norwegian-owned merchant vessels (2009).

Most in the absolute top are countries with universal healthcare and more or less simular systems as in Norway.
It proves Ron Paul is wrong and he's wrogn for decades based on economic models, if he was right, thsoe countries should be heavily indebted compared to fully privatized countries, loosing steam, growing less and production woudl destroyed comapred to such privatized societies...not happening!! Only going further away.
Norway's GDP per head is competing with the Us decades before, little higher, little lower, now double for a few years and expanding only!!
Finland too, you only have to take in account that Finalnd collapsed when the USSR collapsed, it lost 25% of it's export at once. Denmark.

Sweden is a bit different, it's the most socialized country, it performs relativly bad, loosing steam, was far above most, loosing more and more, still moving higher away from the Us, despite performing bad. Also a bad example for ron Paul, even sweden!

My country is also an example, theNetherlands ( Holland) it's a mixture of 3 systems, the Anglo Saxon, German and Scandinavian system.
There's more privatization last 10 years then in Scandinavia, and that's the bad part, all that did damage. but like i said, it's stil mixed. so according to ron Paul's system we shoudl do worse then the Us, but GDP was 30-40% lwoer then in the US for quite along time, right now 15% higher. Never happened before. the Netherlands was the welthiest country of the world in 1981 for a while. With a 15% higher incoe per capita than the US, then it slipped back with a terrible recession the Netherlands had of heavily overspending and an obscene welfare state, like Sweden or beyond, that destroyed the economy, and a goverment after it was repairing it, only by massive cuts of expenditure for years, so that basicly did a lot of damage. Then it took years to come back, now it's in the top of the wealthiest again....like in the end of the 1970s. indeed, we had the dutch disease, that is whee you economically get too dependend on one sector of economy, that was gas for the Netherlands. Russia has this aswell. norway avoided it, being smart making funds in good times...expanding it. Why Norway is better then the Netherlands is because they exactly didn't make all those mistakes the dutch goverment and private partners did!!


-Flying Dutch