| HappySqurriel said: A couple of questions ... If you have a country where the top 5% of earners makes $45,000 or more and the bottom 5% of earners makes $10,000 or less that has twice the "Social Mobility" than a country where the top 5% of earners makes $135,000 or more and the bottom 5% of earners makes $20,000 or less, in which country are the poor people worse off? If you have a country where the debt to gdp ratio is growing by 2% per year which has a higher social mobility than a country where the debt to gdb ratio is shrinking by 2% per year, in which country are the citizens worse off? There are no easy answers to this, but I wanted you to consider that a couple of years ago Iceland was one of the great examples of a social democracy. |
I fail to see how those questions are relevant to the discussion. It's not like you have to choose one or the other. High levels of social mobility tend to go hand in hand with economic prosperity.
The US has been hit by the recession just as hard as Iceland, while most of the liberal welfare states around the world are doing much better. So what exactly is your point ?
