For those that may prefer a Socialist country

[Thinker101]

My bad, for those of you that would prefer a Socialist Democracy.

Household debt in Canada reaches highest level amongst all G7 countries.
While household debt made up 80 per cent of the size of the overall Canadian economy during the 2008 recession, it rose to 95 per cent in 2010 and by 2021 debt exceeded its size. "While U.S. households reduced debt, Canadians increased theirs and this will likely continue."

At the end of 2021 Canada’s household debt-to-GDP ratio was at 107 per cent, according to the report.

I'm sure a Socialist Democracy in the US would be totally different....yea, sure.

Household debt in Canada reaches highest level amongst all G7 countries

 

[Kruska]

There never has and there isn't a single socialist country on this planet.

You are referring to countries, presently or at times - ruled by social democratic parties. (aka lefty&Libs).
And they are ALL fucked up.
Sole exception being Norway - due to a huge oil income and therefore an immense state reserve fund - allowing them presently to bath in Lefty&Lib ideals.

 

[Thinker101]

There never has and there isn't a single socialist country on this planet.

You are referring to countries, presently or at times - ruled by social democratic parties. (aka lefty&Libs).
And they are ALL fucked up.

Canada is a Socialist Democracy.

 

[pknopp]

There never has and there isn't a single socialist country on this planet.

Nor is there a strictly Capitalist one.

 

[John Edgar Slow Horses]

Kruska and Thinker101's thinking is not a step above but several cuts below.

Most of the world, including the US, operates in a regulated social market democracy.

That is only to increase, and nothing can be done about it.

 

[Kruska]

Canada is a Socialist Democracy.

Nonsense - go and read a book to learn about the difference about socialist to social democrat
Or are you saying that Canada's government - controls and owns it's industry and economic ventures? and therefore has unhinged the free-economic system and dictates the market price for all goods?

 

[shockedcanadian]

My bad, for those of you that would prefer a Socialist Democracy.

Household debt in Canada reaches highest level amongst all G7 countries.
While household debt made up 80 per cent of the size of the overall Canadian economy during the 2008 recession, it rose to 95 per cent in 2010 and by 2021 debt exceeded its size. "While U.S. households reduced debt, Canadians increased theirs and this will likely continue."

At the end of 2021 Canada’s household debt-to-GDP ratio was at 107 per cent, according to the report.

I'm sure a Socialist Democracy in the US would be totally different....yea, sure.

Household debt in Canada reaches highest level amongst all G7 countries

If you read my insightful posts in the Canada Forum, you would have known this already. I posted these exact details a few days ago. .

 

[Thinker101]

Nonsense - go and read a book to learn about the difference about socialist to social democrat
Or are you saying that Canada's government - controls and owns it's industry and economic ventures? and therefore has unhinged the free-economic system and dictates the market price for all goods?

Is Canada Socialist? | New Canadian Life.

 

[shockedcanadian]

Nonsense - go and read a book to learn about the difference about socialist to social democrat
Or are you saying that Canada's government - controls and owns it's industry and economic ventures? and therefore has unhinged the free-economic system and dictates the market price for all goods?

The covert police state in Ontario definitely control the economy here, both within the corporations as "managers" (on shareholdees dime) and by placing barriers in regards to whom can work. I've told you all this for years but only now are some in your government understanding this. If you invest in Canada, you don't receive the best and brightest, you receive the offspring of state actors and unimpressive covert operatives. This is one reason we are on the bottom of innovation rankings.

 

[tahuyaman]

There never has and there isn't a single socialist country on this planet.

China, Laos, Cuba and Vietnam are socialist nations.

 

[fncceo]

Nor is there a strictly Capitalist one.

People often confuse Capitalism (a purely economic system) with Socialism or Communism (an economic system enforced and regulated by a political system).

Capitalism, is the idea that individuals can own goods and property, and that the same individuals are free to exchange their assets (including their labor) on an open market.

Even in the most Socialist of societies, Capitalism exists. Often as an ignored illegal system, but, at some level, people are always able to exchange that which they can claim to own for things they need or want. Often referred to as a "Black Market".

In any political vacuum, Capitalism will exist in one form or another. Socialism, however, can only exist where political power is there to distribute property from haves to have nots.

It is true that a pure Capitalist society has never existed, and most likely never will, for as long as we insist on having government (elected or unelected) have a measure of control over buying and selling. In fact, Capitalism always operates in its most pure form when it is outside of government control, such as a Black Market.

 

[John Edgar Slow Horses]

China, Laos, Cuba and Vietnam are socialist nations.

Go learn definitions, please.

 

[tahuyaman]

Go learn definitions, please.

Tell me why you disagree if you can. I doubt that you could form a coherent rebuttal.

 

[tahuyaman]

Is Canada Socialist? | New Canadian Life.

It is not a socialist nation.

 

[pknopp]

People often confuse Capitalism (a purely economic system) with Socialism or Communism (an economic system enforced and regulated by a political system).

Capitalism, the idea that individuals can own goods and property, and that the same individuals are free to exchange their assets (including their labor) on an open market.

Even in the most Socialist of societies, Capitalism exists, often as an ignored illegal system, but, at some level, people are always able to exchange that which they can claim to own for things they need or want. Often referred to as a "Black Market".

In any political vacuum, Capitalism will exist in one form or another. Socialism, however, can only exist where political power is there to distribute property from haves to have nots.

Or to the haves from the have nots?

Trump's Road to Socialism | Mises Institute

Today the Trump administration is announcing a $12 billion bailout plan for farmers impacted by the response from the Trump administration’s tariffs. As

mises.org

It is true that a pure Capitalist society has never existed, and most likely never will, for as long as we insist on having government (elected or unelected) have a measure of control over buying and selling. In fact, Capitalism always operates in its most pure form when it is outside of government control, such as a Black Market.

Getting rid of dealing in dollars will get rid of the black markets.

 

[John Edgar Slow Horses]

Tell me why you disagree if you can. I doubt that you could form a coherent rebuttal.

You are an ignoramus, as you are going to prove here.

 

[tahuyaman]

You are an ignoramus, as you are going to prove here.

You’re a mouthy little punk who can’t find his own ass with both hands. Plus you are close to being a true idiot. Back in the day people like you were referred to as a “high class moron.”

 

[fncceo]

Getting rid of dealing in dollars will get rid of the black markets.

It won't, actually. People will always find a medium for trade. In the former Soviet Union, people frequently traded in US dollars (which could be obtained semi-officially by certain government workers).

When I lived in South Korea, it was actually illegal for Korean citizens to own US currency, but it was everywhere.

With the advent of crypto currency, untraceable and nearly impossible to block, there really isn't a need for actual cash to support a flourishing black market.

 

[fncceo]

Or to the haves from the have nots?

To quote one of my favorite authors...

"When buying and selling are legislated, the first thing to be bought and sold are legislators".

-- P.J. O'Rourke

The ability of a government official to regulate, tax, or in any way control commerce is the root and cause of corruption.

Without any influence to peddle, there is no influence peddling.

 

[tahuyaman]

People often confuse Capitalism (a purely economic system) with Socialism or Communism (an economic system enforced and regulated by a political system).

Capitalism, is the idea that individuals can own goods and property, and that the same individuals are free to exchange their assets (including their labor) on an open market.

Even in the most Socialist of societies, Capitalism exists. Often as an ignored illegal system, but, at some level, people are always able to exchange that which they can claim to own for things they need or want. Often referred to as a "Black Market".

In any political vacuum, Capitalism will exist in one form or another. Socialism, however, can only exist where political power is there to distribute property from haves to have nots.

It is true that a pure Capitalist society has never existed, and most likely never will, for as long as we insist on having government (elected or unelected) have a measure of control over buying and selling. In fact, Capitalism always operates in its most pure form when it is outside of government control, such as a Black Market.

I’ve never seen anyone confuse capitalism with socialism or communism.

European countries like Norway, Sweden and Denmark are not socialist nations. They have free market economies.

nations like Cuba, Vietnam, Laos and China do not have a free market.