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The example of France shows how socialism has progressed in the eurozone. The major stages are followed by phases of consolidation in which the government share only grew in small steps, but the trend was always positive. And the socialists knew only too well how to exploit and capitalize on every crisis and build up their state apparatus.
The construction of a gigantic state apparatus, an exuberant welfare state, which is only possible with the printing press, manipulated interest rates and if a market economy alternative can be suppressed (hence the military occupation of the USA by Euro-globalists) has systematically decomposed the productivity growth of the private economy on which everything is based. This went hand in hand with the build-up of gigantic national debts, the collapse of which is now looming. The weaning of Europeans from their cherished favorite child, the all-knowing and rule-making state, will be terrible.
Wow! I've never seen a chart like that before. I imagine it's pretty similar across the major European countries?
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Exactly. It's the march toward comunism
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It's undeniable that public spending is higher in Europe because of the political and social system, but it would be important to decode this spending to get a better idea.
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I'd wager the spread between the US and Europe maps pretty closely to the spread in GDP per capita between the two.
It matters a little what the government spends on, but in general government spending has approximately zero value. It should be thought of as a deadweight loss to the broader economy, as a first approximation.
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What you say makes sense. I found some data on France here that might help shed some light on the expenses.
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Top. Thank You
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It's not only possible with a printing press. (Sovereigns derive ton more income from taxes than from printing money).
Moreover, the French treasury doesn't benefit from ECB printing money.
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