Steve R.
Retired
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- Joined
- Jul 5, 2006
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Romney (in running as a candidate for the US Presidency) has been lambasting the economies of Europe as an example of the failure of socialism. He is doing this, of course, to hold Europe up as an example of a failed economic system so that he can implement a capitalistic based rescue plan to restore the US economy to its former glory. I suspect that Romney's assertions are incorrect. So for those who live in Europe, what is your reaction?
Romney's assertions that economies of Europe are failures seems incorrect for several reasons. One, the populations of many European countries, to my knowledge, are in decline; so there is limited need for economic growth. Two, the populations of many European countries may be growing older. Older people do not consume as much as younger people. The lack of consumption means less need for production (economic growth). Based on demographics there may simply be NO demand for "endless" consumption that requires unrestrained economic growth.
On health care, I have heard conflicting analysis on whether the European health system is better/worse than the US health system. But from the Romney perspective, if it is socialized, it must be bad by definition. But is it?
The US economy itself provides some perspective. Romney views "stagnant" European economic grow as a sign of failure. That would appear to be wrong based on the fact that the US economy itself failed. Under blame Bush the US economy was over-stimulated and we over-consumed. The bubble then burst. The US went into a recession. So I find it somewhat disingenuous for Romney to hold Europe out as an example of failure when the US economic system itself failed.
Your thoughts?
Romney's assertions that economies of Europe are failures seems incorrect for several reasons. One, the populations of many European countries, to my knowledge, are in decline; so there is limited need for economic growth. Two, the populations of many European countries may be growing older. Older people do not consume as much as younger people. The lack of consumption means less need for production (economic growth). Based on demographics there may simply be NO demand for "endless" consumption that requires unrestrained economic growth.
On health care, I have heard conflicting analysis on whether the European health system is better/worse than the US health system. But from the Romney perspective, if it is socialized, it must be bad by definition. But is it?
The US economy itself provides some perspective. Romney views "stagnant" European economic grow as a sign of failure. That would appear to be wrong based on the fact that the US economy itself failed. Under blame Bush the US economy was over-stimulated and we over-consumed. The bubble then burst. The US went into a recession. So I find it somewhat disingenuous for Romney to hold Europe out as an example of failure when the US economic system itself failed.
Your thoughts?