Friday, July 03, 2015

Taming another socialist

Just shot down another socialist wannabee with this reply. It was too easy. He chucked in the towel and went running.

Here is my reply to his assertion that socialism leads to a higher standard of living.

To Alex....The most widely used measure for Standard of Living is the Human Development Index (HDI). The index tracks life expectancy, education and per capita income. In the 2011 numbers (which I believe are the latest stats) the US is tied for third with the Netherlands and falls behind Norway and Australia in the listings. Norway’s economy is given a severe boost by its oil revenue that is spread out over a population smaller in number than Massachusetts. This can easily skew the analysis. Australia has more of a free market economy than the US as per the 2015 Index of Economic freedom and is hardly a socialist state (Neither is Norway for that matter contrary to popular belief). New Zealand, Canada, Ireland which placed 5,6 and 7 all have very free economies. To the contrary the most Socialist of all Western European States: Greece, Portugal, Spain and Poland have HDI rankings of 29, 41, 23 and 39.
Of interest is Spain whose unemployment rate has been consistently high and now sits at a staggering 26%.
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