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Kelzie said:Actually Western Europe is a social democracy.
Social democracy, democratic socialism...please explain the difference.
Kelzie said:And they are not "stagnating" either. They have a higher standard of living than the US. Nice try though Kandhar.
A select few Western European countries have a higher standard of living than the US, but the majority do not. Regardless, that has nothing to do with a country stagnating. Stagnation means the country is not IMPROVING its economy; it has nothing to do with its current standard of living, as both Germany and North Korea are stagnating.
The American economy grows an average of 3% per year. The Euro-zone averages about half of that, because of less economic freedom. But the biggest economic growth in the world comes from Asia, where former socialist and communist countries are liberalizing their economies and, as a result, growing their economies at breathtaking speeds nearing 9%.