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26 sats \ 8 replies \ @Satosora 3 Jan \ parent \ on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending econ

What happens when a government invests in their people? Are there any societies like that?

20 sats \ 7 replies \ @Undisciplined 3 Jan

No, because governments don't have their own resources to invest.

The closest to "investing in their own people" would be massive wealth transfers from one group to another. There are plenty of governments like that.

38 sats \ 6 replies \ @Satosora 3 Jan

I meant more along the lines of investing taxes and such into the people so that the nation grows as a whole. Norway, Sweden, and Finland come to mind, but not sure exactly if that is correct.

20 sats \ 5 replies \ @Undisciplined 3 Jan

All three are substantially poorer than America. There's tremendous loss in transfer systems. Not to mention that the politicized nature of the transfers ensures that prosperity will not be the primary aim.

38 sats \ 4 replies \ @Satosora 3 Jan

Are they that much poorer? From what I gather, their system seems to be working. Happy people, less time at work, not super rich.

20 sats \ 3 replies \ @Undisciplined 3 Jan

The poorest US states are similarly prosperous as the wealthiest European nations (not counting the weird little city states).

25 sats \ 2 replies \ @Satosora 3 Jan

Are they really? Maybe I need to change my perspective a bit.

20 sats \ 1 reply \ @Undisciplined 3 Jan

Take @TomK's posts to heart. Europe is in free fall.

We got used to thinking of Europe as a peer to America, but it's collapsed to around half the average standard of living.

42 sats \ 0 replies \ @Satosora 3 Jan

That is what I grew up thinking. Have the royal families screwed it up that much?

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