[ SECRET POST #2498 ]

[case]

⌈ Secret Post #2498 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 03 pages, 053 secrets from Secret Submission Post #357.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

[ariakas]

No, not an American, just someone who knows what words mean.

If your state regulates its financial sector and redistributes wealth through mandatory unequal taxation to social welfare programs, it is a socialist state. Virtually all modern states do this, including the US. This does not preclude it from being a democracy. "Democracy" refers to the form of government, "socialism" refers to the economic system. Democratic socialism is the term you're looking for, comrade.

[(Anonymous)]

DA

This - though the US and the rest of the world seem to be sort of edging towards the same thing, since an economy that's too heavy on the socialism is very hard to support [See...well. The debt most of the countries referred to here have racked up. While not exclusively due to the services they offer, those do contribute pretty heavily to it.]

[(Anonymous)]

*hard to support when the biggest economy in the world doesn't regulate its housing market, putting in place a sequence of events that leads to a GFC.

There, fixed!

Also, Australia has more social welfare services than America and is doing pretty well post GFC with a relatively low percentage of debt per capita and the likelihood of being out of debt completely within the next few years, no matter which political party runs the show. While America is hugely in debt, not least due to a war that was fought for both ideological and economic reasons. Which just goes to show that there are more factors at work in the global economy than 'socialism putting countries in debt'.

[ariakas]

Yeah Canada came out of the GFC much better than the US - and has much lower debt - due to precisely those socialist polices. I.e. tight banking regulations where speculation to that degree with no oversight was impossible.

It's the war debt that's absolutely crushing America right now, though, and what purpose did it serve?