Europe and the USA are skidding into no growth (as the USSR) because they have implemented so many social programs sponsored by K Marx.
I agree they are all needed, They are great. Gosh, we should have more of them. We should not be able to work and have the government pay us!
The problem is that we cannot afford them, and we cannot afford a huge government administering all these appealing ideas.
Slow growth is typically associated with large concentration of power and large governments.
What we are witnessing is not the death of capitalism. We are witnessing the death of socialim.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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