| Turkish said: is socialism bad in EU? mericunz need to ask themselves that |
Well, looking at Greece, Spain, Portugal it can be bad. Welfarism, represented by France, is a burden. The best economies in Europe are those with the least regulations and the freest markets (more free than the U.S even), despite their welfarism (U.S militarism makes up for its lack of welfarism in drain on economy.) The EU sucks out a lot of these economies, though.
Do remember though, the U.S is still third in standards of living and HDI, many states surpassing the best European states by a significant amount (economically the analogy of U.S state to European state is much more valid than politically.) So for a country of 300 million, the U.S is doing pretty well, but it will decline with the loss of economic freedom that has happened over the last decade.
In the U.S; however, we observe that the states with the freest markets are also the ones with the most growth. It makes much more sense to look at the local situation than at vastly different countries with vastly different cultures and political systems.
