[Alberta's Child]

The Milken Institute did a study a few years ago about prospects for U.S. employment growth, and they cited Germany as an example of an advanced industrial economy. Here's the list of "positive" attributes they cited of the German economy:

1. a socialist government
2. a highly qualified labor force
3. developed infrastructure
4. a large and new capital asset base
5. minimal corruption
6. a high level of innovation

You'll notice that "low labor cost" is not among these. And you'll notice that Item #5 is sorely lacking in many parts of the U.S.

Comparing the U.S. to a highly homogenized modern socialist state in Europe doesn't do much to explain our competitive advantages and disadvantages compared to Asian countries.

[Count of Monte Fisto]

Comparing the U.S. to a highly homogenized modern socialist state in Europe doesn't do much to explain our competitive advantages and disadvantages compared to Asian countries.

Maybe not but it puts to bed the Free Traitor lie that having an advanced economy automatically means that American workers are out of a job.

[Olog-hai]

“Minimal corruption” in a socialist state?

And that’s aside from Michael Milken’s soiled reputation.