How a New Jobless Era will Transform America

trumper

Member
1559

Jan 6th 2012, 17:20:31

Originally posted by Pontius Pirate:

Originally posted by trumper:

"According to a report from the Organization for Economic Cooperation and Development, over the past 30 years, inequality in Sweden, Germany, Israel, Finland and New Zealand has grown as fast or faster than inequality in the United States, even though these countries have very different welfare systems. "
http://www.nytimes.com/...risis-economics.html?_r=1

So, yes, socialism is evil, or at least eviler =p.

I don't understand the point, are you trying to use this to justify increasing inequality in the US? Sweden's still the most equal country in the world as measured by the Gini coefficient and all of the countries listed are more equal than the US. There's "room" to expand inequality there without jeopardizing the minimum quality of life that people in Sweden believe everyone should be entitled to (and Americans don't).

So it will level off you're saying? Post taxes/transfers, the Gini coefficient has grown 30% in Sweden in last 30 years. In the US it's grown 12% in last 30 years. I believe the point of the author was that socialism didn't cure the ills of rising inequality. If you stop and think about it, considering all the heated rhetoric about robber barrons of the 21st century, you would expect the increase in inequality rate of the US to surpass that of Sweden, yet it's actually about 15% less (6% growth over last decade in Sweden vs 5% in the US). We'll see what happens in the future I suppose.

Edited By: trumper on Jan 6th 2012, 18:20:57. Reason: forgot to add part
Back To Thread
See Subsequent Edit