Subject:
|
Re: What happened?
|
Newsgroups:
|
lugnet.off-topic.debate
|
Date:
|
Tue, 20 Jul 1999 00:08:39 GMT
|
Viewed:
|
1000 times
|
| |
|
|
In lugnet.off-topic.debate, Larry Pieniazek writes:
> You were getting on about how great Europe is compared to the US. My
> point is that the US economy, having just went through a period of some
> deregulation, and a period in which a number of new industries sprang up
> faster than the government could figure out how to tax/regulate them is
> a bit insulated from the business cycle (which is caused by government
> intervention in the markets. Business cycles are not a "natural and
> inevitable" thing) and thus is booming.
I'd strongly dispute that. Business cycles have been happening for
centuries, since long before Governments started interventionist
economic policies. To a large extent those interventionist policies
in many countries started in response to the fact that it had become
apparent in the 1930s that trying to leave a pure free market didn't
work, and had contributed to the Depression.
> You also said that we cannot compare the US and Europe. So I'm comparing
> two euro economies...
Good start. Unfortunately there are so many factors that influence how an
economy performs that you're not going to be able to learn much
from just picking out a couple of economies. You'd be able to
'prove' almost whatever you want to prove by careful selection of the
countries. So so far I can't see that you've managed to answer my
earlier assertion that there are left wing and right wing Governments
that have succeeded economically, as well as left wing and right wing
Governments that have failed.
> The Republic of Ireland didn't have a lot of terrorist strikes lately,
> no? I'm not referring to the occupied territories, but the independent
> part. So no, it's not because of bombing cessation that it's booming.
>
> Rather, it's because the RoI is less regulated/taxed than the average
> euro state (despite silly regs about granting pub licenses)... and FRG
> is MORE regulated. Hence the disparity in economies. Germany stagnates,
> Ireland booms. So much for planned economies and the socialist
> wonderstate.
The fact that Germany is still trying to recover from having absorbed
the former communist East Germany has probably got a lot more to
do with Germany's current problems.
Simon
http://www.SImonRobinson.com
|
|
Message is in Reply To:
 | | Re: What happened?
|
| You were getting on about how great Europe is compared to the US. My point is that the US economy, having just went through a period of some deregulation, and a period in which a number of new industries sprang up faster than the government could (...) (25 years ago, 19-Jul-99, to lugnet.off-topic.debate)
|
433 Messages in This Thread:
(Inline display suppressed due to large size. Click Dots below to view.)
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
