Why a Democratic win doesn't crash the stock market?
- Thread starter CoolTrader
- Start date
All those countries that you mentioned (except Canada) rank lower on the economic freedom index than the US. https://en.wikipedia.org/wiki/Index_of_Economic_Freedom Back in 1996 we were ranked 5, now we're 17. We've fallen a lot. Same with GDP per capita. All those countries are lower than the US except for Norway. Spain well under half that of the US. I could go on, but we have had this discussion before. And it doesn't really matter...as I have said before, it's cultural. Take a solid blue state like Oregon that has the second worst graduation rate in the country at 77%. About a quarter of all students drop out.:
https://www.oregonlive.com/educatio...cond-worst-graduation-rate-in-us-in-2017.html
Compare that to Utah which spends the least amount on education in the country and has a graduation rate of 87.4%. You can throw more money at a problem, but it won't fix it if people don't value education and productivity. That's culture. And when I describe what high school is like in America, my Indian friends laugh. They were doing in high school what undergraduate engineering programs cover here. Same with China, Taiwan, and South Korea. They have the right focus. They focus on education (useful STEM education, not something that ends in "studies") and productivity while we are too busy trying to figure out the right gender pronouns to use. They will eat our lunch. Anyhow, go back to figuring out what you were doing in 1996. No point in wasting any more time on this conversation.
Those who wish for a Scandinavia style social democracy, obviously have never been to Sacndinavia. Or if they were they are plain stupid to think that system can be adopted in the US. They should look at Venezuala because the US, in 20 years would look eerily like Venezuela.
Lol. I'm in inverses today, bought near lod and I'm not going to stop out unless they get 1pt under 52week lows. This current situation is begging for a correction or crash.
The only stocks I'm buying are cannabis, fcx plug oxy dkng etc on breakouts
That is funny! Now that we have 3 strains of Covid and unsure if the South African kind even responds to the vaccine, I am dying to see Biden and the stinky c (vp) "controlling the virus" like they have a magic wand or something. Political correctness is slowing the vaccination as the unicorn chasing do-gooders cannot decide how to be "fair" about it... you libs need to be locked up in an insane asylum.
What is so evil about Trump?
All I see is he has done good things for the Country and it's people.
I see nothing evil about him. With his perceived faults... at a minimum he's still a better choice for America than any Lefty.
This report from Sweden is interesting, and provide quite a bit of facts that are lost when the Scandinavian model is discussed in the US:
https://timbro.se/allmant/eu-versus-usa/
To quote:
"If the European Union were a state in the USA it would belong to the poorest group of states. France, Italy, Great Britain and Germany have lower GDP per capita than all but four of the states in the United States. In fact, GDP per capita is lower in the vast majority of the EU-countries (EU 15) than in most of the individual American states. This puts Europeans at a level of prosperity on par with states such as Arkansas, Mississippi and West Virginia. Only the miniscule country of Luxembourg has higher per capita GDP than the average state in the USA. The results of the new study represent a grave critique of European economic policy."
The average Swede have a lower purchasing power than the poorest group, the African-Americans in the US.
So yes, the Scandinavian model does have quite a few advantages. But it will result in a decreased living standard for most Americans, if it is even possible to implement, as the US is consisting of a huge population divided on large groups that do not have much solidarity or much in common. It is easier to run a welfare state in a country with 4 million, ethnically similar, and where there is a great deal of trust, such as in Norway.
