Your methodology is sophomoric. Tiny Denmark and huge China have both enjoyed the benefits of socialism for many years. Of course, capitalism isn't failing in most economies either. We suffered a collapse due crooked mortgages by the biggest banks, a scam which wounded the economies of countries naive enough to trust the US government's bank regulations. The whole idea of an economic system failing is childish. That isn't the way history works. I'm glad you find all this amusing. Those who, like you, get all their ideas from right wing talk shows have real trouble finding anything to smile about.According to data provided by the World Bank (List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia)Denmark benefits from having a small population and enormous wealth generated by OIL. Ever heard of Royal Dutch Shell? They make money hand over fist so are ABLE to spend money on their people that the rest of the world can only dream of.ROTFL. Royal Dutch Shell plc, commonly known as Shell, is an Anglo–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. Denmark isn't the Netherlands. What grade are you in? On the other hand, Budweiser Beer is now owned by a Danish company. Denmark's wealth is not based on extractive industries like oil. Denmark has more than its share of millionaires and big, international corporations. Socialism is far from incompatible with capitalism or millionaire businessmen. The difference is the responsibility of every Dane for his or her share of the Danish community. Denmark also has a King and a bunch of noble families.Denmark benefits from having a small population and enormous wealth generated by OIL. Ever heard of Royal Dutch Shell? They make money hand over fist so are ABLE to spend money on their people that the rest of the world can only dream of.
Denmark owns pretty large quantities of RDS stock. They get dividends from them. That's one of many oil based income streams they enjoy from the petroleum market. Add to that they are the major manufacturer for the RDS and other North Sea oil based companies and it becomes quite plain why they are able to support their extensive welfare economy.
the USA ranks 9th in GDP per capita at 54,629. Denmark ranks 17th at
44,862. Why, sensible citizens may well ask, does the USA, with a gross domestic product per capita that is almost 122% that of tiny Denmark have millions of its people living in poverty with sub-standard schools for its kids, inadequate medical care, declining wage rates, inadequate retirement plans and an upward mobility index far lower than not only Denmark but most of the countries of Europe? Why is our homicide rate many times that of Denmark? Why is our incarceration rate the highest in the world? Why are mass murders, a monthly occurrence here, almost unknown in Denmark. Why are our air and water far more polluted? ... and on and on...
Talk radio blowhards pontificate about the failure of socialism. The real question is why has American free market capitalism failed so suddenly and so dramatically?
GDP is not the whole story though is it. The overall size of a population is a huge determiner of how long socialism can work. We have 10 times as many people NOT working as exist in their entire country. Why is our homicide rate so high? Black and Hispanic gang members who have brought their third world culture with them. I find it amusing that you argue a point and have either no knowledge of the exact nature of your claim, or you choose to ignore the very real differences between the USA with its population of almost DOUBLE that of the entire continent of Europe for the most part.
They have? Tell that to the 150 million that Mao had killed during the Cultural Revolution. The overwhelming majority of Chinese lived a poor pathetic agrarian existence until China eased the reigns and allowed CAPITALISM to enter into the country. Now, China is booming thanks to CAPITALISM.
If my methodology is sophomoric, yours is moronic.
Just sayin...