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$5 Submissions · 10-22-2008, 08:09 PM

Much has been said about the prospects of an Obama presidency and the threshold it represents in the US' political economic evolution. IF Obama's policies do move the US towards a more collectivist future, is it necessarily a bad thing? Do developed economies necessarily have to evolve to a more collectivist solution?

Let's take Europe's experience for example.

Plus side: Socialized health care. Welfare/unemployment/vacation/job protection benefits.

Negative side: Higher unemployment. Lower GDP growth. Higher taxes. Sometimes erratic delivery of 'guaranteed' services

10-22-2008, 08:09 PM	#1 (permalink)
$5 Submissions Senior Member Join Date: Jun 2006 Location: Global Posts: 1,921 iTrader: 4 / 100%	Would a "europeanized" America be a good or bad thing? Much has been said about the prospects of an Obama presidency and the threshold it represents in the US' political economic evolution. IF Obama's policies do move the US towards a more collectivist future, is it necessarily a bad thing? Do developed economies necessarily have to evolve to a more collectivist solution? Let's take Europe's experience for example. Plus side: Socialized health care. Welfare/unemployment/vacation/job protection benefits. Negative side: Higher unemployment. Lower GDP growth. Higher taxes. Sometimes erratic delivery of 'guaranteed' services __________________ Make More Money off Downloaders They UPLOAD - You Make Money