All financial institutions to be run by the federal government.

[Avinash_Tyagi]

Kasz216 said:

Avinash_Tyagi said:

Kasz216 said:

Avinash_Tyagi said:

Kasz216 said:
France currently has about an equal unemployment rate because we are in one of the worst economic downturns ever.

Which proves my point actually.

If you look at France they tend to have a consistant 8-10% unemployment rate.

For the US. 8 to 10 percent unemployment rates are horrific... the US is usually around 4%.

Actually it proves my point,

The reason in the US its horrific, is because there are limited safety nets for people unemployed, when you're out of work in the US you're pretty much on your own, not so in france, ironically this also shows that the US economy is much more volatile, even in a recession France remains relatively stable, while the US goes through periods of booms and busts

Booms = Much greater then France.

Busts = About equal with France.

There is a reason why France is desperatly trying to move to the right when it comes to employment... they are desperatly trying to "modernize" their workforce.

They can't pull it off though because the unions are too big.  There needs to be a good balance between unions and buisnesses.

However in bigger socialist countries, social saftey nets pretty much are forced to be employer based and not money payout based like Denmark.

Hence why they don't work in larger countries.

Unemployment is ALWAYS a problem in france.

Here's an article from 2007 that stays pretty relevent.

http://www.guardian.co.uk/world/2007/apr/06/france.angeliquechrisafis

 

And you don't even want to look at Spain's unemployment.... it's at 17% now.

No, even the busts are not equal with france though, because france still enjoys a higher overall standadrd of living, due to the social welfare, you may have people unemployed, but they aren't on the street and losing their homes and healthcare, sure they are out of work, but its not as bad as it is here, really it takes a boom for things here to be that nice, beause here you have to be emplyed or you are in trouble

Not.... really no.  They're both pretty close... it really depends on which measures you use... a lot of which involve actual socialist measures in their calculations.

Long term unemployment in the US is .04%.  There are very very few people in the US who are unemployed for long periods of time.

 

Actually the long term unemployment rate (15 weeks or more) is at 4.5% according to the government

http://norris.blogs.nytimes.com/2009/06/05/long-term-unemployment-rate-hits-record/?hp

That's a lot of people being out of work for a very long time, and heck that doesn't even include people who have stopped looking or those who are underemployed

And like my point has been, in nations with stronger safety nets, even being unemployed for long stretches is not the concern that it would be here