Though I've largely given up on trying to convince people about the realities of economics with reason, evidence, empiricism, and logic, for my own personal sake I like to check in on various countries to see which economic models are working. And today I decided I'd check in on the left's favorite exception to the "Socialism Kills Nearly Everything" rule - the Scandinavian model.
To be honest, I was expecting their average economic growth to be slightly better than the US. This was in part because of our pathetic economic growth rate (which does not beat population growth) and Norway's oil (which would not only pull up their average, but is also the single most convenient fact about Scandinavian socialism leftists purposely ignore). But I was surprised to see the left's favorite economic children not even being able to beat the US's already pathetic economic growth:
It should be noted (and the left is already tripping over their organic coffees to point this out) that Sweden is the only country to average a growth rate above 2% (perhaps rape is good for economic growth after all). But that exception considered, the Scandinavian model looks pretty, well, horrible. They're only averaging around a 1% economic growth rate, a rate that is not going to help maintain/realize their socialist utopias, and only 60% their evil capitalist US counterpart.
But before we start breaking out American flags, chanting "USA," smugly assuming this is a point for capitalism, you have to step back and realize...
1. The US is NOT a capitalist nation, but is by all measures a mixed economy model like our Scandinavian counterparts and
2. The above economic growth rates, even Sweden's, still suck.
In short, we're doing a "who's got the biggest economic dick contest" amongst the smallest-dicked economies in the world - socialist ones.
Any visit to the OECD will show there are countries who are much more capitalist than the US and it's socialist sisters. You will also find out these countries have economic growth rates averaging around 4%, 5% even 9%, doubling, tripling, even quintupling the left's lazy economic growth. Russia, China, South Korea, the Baltics, even Mexico, all posting economic growth rates the United States used to.
I've done a much more thorough economic analysis of this, and this development is nothing new or shocking. Lazy people who live and parasite off of a dwindling productive class will result in slowing, and inevitably, contracting economic growth. The government by it's nature doesn't produce anything of value, and as more and more people view it as a source of income, or even employment, any country that pursues this economic policy will end. This isn't opinion, this isn't biased "right wing talk," it's merely pointing out simple economic realities.
Of course, the real problem the West has is not economic, but psychological. We've raised three full generations who are so ignorant and stupid, they actually think they have a right to do whatever they want and food, clothing, and shelter will magically fall out of the sky.
And it will for a time.
But understand this economic "manna from the heavens" is simply other people's work and production being forcefully redistributed by the government. And once the parasitic class out-consumes the productive ability of the productive class, that spigot will be turned off.
And then the real fun begins!
Enjoy the decline!