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Originally Posted by Illuminaughty
Look at there spending relative to their size. It's not sustainable.
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Sure about that?
https://www.ft.com/content/5acbe3b5-...20db9?mhq5j=e3
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A debt milestone for Denmark.
The country will pay off its last foreign currency loan worth $1.5bn today – ridding itself of any FX debt obligations for the first time in at least 183 years.
Denmark’s overall debt-to-GDP ratio is one of the lowest among Europe’s major economies, standing at 38 per cent and is expected to fall to around 36 per cent in 2018 according to the European Commission.
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Meanwhile the U.S. stands at 73.8%.
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Look at how the USSR turned out.
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Okay but the USSR was a command economy that spent a fortune on their military and whose funds were also often redirected to their corrupt, authoritarian oligarch. Not really a shining example of Marxism or modern day democratic socialism.
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What great innovations come out of Socialist countries? There needs to be incentive.
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https://en.wikipedia.org/wiki/Scienc...e_Soviet_Union
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The following Soviet scientists were recipients of a Nobel Prize.
Physics[edit]
1958 Pavel Cherenkov, Ilya Frank and Igor Tamm "for the discovery and interpretation of the Cherenkov effect"
1962 Lev Landau "for his theories about condensed matter, particularly about liquid helium superfluidity"
1964 Nikolay Basov and Aleksandr Prokhorov "for fundamental work in the area of the quantum electronics, which led to the construction of oscillators and amplifiers on the basis of the maser laser principle"
1978 Pyotr Kapitsa "for his fundamental inventions and discoveries in Cryophysics"
2001 Zhores Alferov (RU) "for the development of semiconductor heterostructures for high-speed and opto-electronics" (working in the time of the USSR)
2003 Alexei Abrikosov (RU), Vitaly Ginzburg (RU) "for innovative work in the theory about superconductors" (working in the time of the USSR)
Chemistry[edit]
1956 Nikolai Semenov For outstanding work on the mechanism of chemical transformation including an exhaustive analysis of the application of the chain theory to varied reactions (1934–1954) and, more significantly, to combustion processes. He proposed a theory of degenerate branching, which led to a better understanding of the phenomena associated with the induction periods of oxidation processes.
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And that doesn't even address the fact that the Soviets basically went from what was essentially a completely agrarian society to a fully industrial one in one generation. That's ridiculous by any measurement, and doubly so when you consider the size of the country.
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You posted a measure that doesn't have an equal playing field and doesn't represent the whole picture.
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Okay, so I'll ask you again, what is a better statistical measurement? Your argument seems to boil down to "if a socialism country fails, it's because of socialism, but if a capitalist country fails, it's because of other underlying problems."