It would lead to some inflation, but not inflation that would outweigh the wage increase, Yes you'd have double wages for the people producing goods and services too, but you wouldn't have people spending double the amount of money, also you'd simply have to take a cut in profits and executive pay.
History proves you wrong. Massive wage increases actually leads to the opposite, meaning lower wages. The reason is because massive inflation harms the economy.
And what makes you think executives will take a cut in profits and executive pay. They are not doing a charity, when inflation is high they are going to increase their salaries too.
Yeah, those "economic freedom" measurements are bull****, Norway has a lot of economic freedom BECAUSE of left wing policies, I want it to be easy to set up a buisiness, all leftists do, thats why we support labor unions, and the commons.
Norway has very high taxes, huge amounts of public ownership, strong unions, and so on, obviously they went more neo-liberal in the 90s (as everyone else did), but the wealth of Norway was built from the 40s, and Norway was run essencially mostly by the Labor party since then. These Measurements (especially by the Heritige foundation) don't tell you much, since their criterium are very biased and ingore all sorts of stuff, actual policies are what I care about.
Switzerland has strong unions too, they also have a very large public sector, and has managed to retain their manufacturing sector.
No, all leftiest do not want it to be easy to set up businesses. It is much harder to set up a business in California than in Texas. Leftiest want regulations of start ups to prevent predatory companies, and that increases red tape. And start up is only one of their indicators. Do leftists want to reduce labour regulations, making it easier to fire employees? Do leftists want to reduce regulations on trade, allowing foreign companies to outcompete local products? Do leftist want to reduce government? Do leftist want lower taxes? Do leftists want to reduce public ownership and have weak unions?
Cause that is what the index is measuring. The argument that Norway has right wing policies due to left wing policies makes zero sense. No, what you care about is results. You see that Norway has the best welfare state in the world, and hence brand it left wing. But they have the best welfare, because the system is not totally left wing. I however look at policies, and Norway is in the middle in Europe. For instance France is to the left of Norway. In France they adopted a 75% tax rate. The only party who want to do something similar in Norway, got 1% of the vote. You said Norway has really high taxes, but not really. For 167% of average income, Norway has a tax rate of 43%. Belgium is at 61%.
Norway is number 14 of 34 in the OECD.
Relative to the rest of Europe Switzerland does not have strong unions or a very large public sector. But their wages is higher. That seem to conflict with your theory that big government increase wages.
Brazil is very left wing, look at the actual policies and not the rhetoric, Venezuela has improved SIGNIFICANTLY since Chavez, especially with lowering poverty, and increasing economic participation (Yes they have problems, but so does every economy), the same with Bolivia.
No, Venezuela economy is total garbage and even on relative poverty Venezuela
does not do well. BTW, their absolute poverty rate is miuch higher than indicated, because the black market and offical currency do not match.
That was proven to you before where I gave you actual data, and you did not respond to any of the data. Also Brazil is in no way as left wing as Venezuela.
Chile has had a right wing president for 3 years, prior to that it was 20 years of socialist and leftist governments that brought Chile out of the dark Pinochet hole, and did tons of social-democratic reforms, and tons of social spending and public economic policies.
I thought you said you did not look at rethoric. Those social democratic leaders in Chile are keeping Pinochet right wing policies. Just look at economic freedom rankings and Chile is way above the rest.
So Chile is very right wing, Venezuela is very left wing, and Brazil is somewhere in between. So how come Chile is doing so much better than Venezuela, and brazil is somewhere in between. If socialism worked so well, then Venezuela should be the best performing economy.
You obviously don't know anything about Singapore, the state owns an equivalent of 60% of the economy in state holdings ... You don't hear about it, because corporations LIKE this and don't complain about it being an "impingement on the market" ...
So if the government owns a lot, then you are left wing? I am more interested in actual policies, such as labour regulations, welfare, crime sentences, business regulations, minimum wage, taxes, etc.