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47 sats \ 5 replies \ @Undisciplined 11 Mar \ on: The Rise Of Euro Socialism econ
Wow! I've never seen a chart like that before. I imagine it's pretty similar across the major European countries?
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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