5 ms·
Economic ills? Well consider that numerous other developed nations have large amounts of state-owned industry and that if anything their economies are stronger
by jolux 10y ago
Economic ills? Well consider that numerous other developed nations have large amounts of state-owned industry and that if anything their economies are stronger than ours.
- WalterBright 10y agoConsider a 25 year return on investment in the economy. Adjusted for inflation and including dividends, it's about 9% for the S&P 500: http://www.moneychimp.com/features/market_cagr.htm http://www.moneychimp.com/features/market_cagr.htm Are there any developed economies with a higher figure?
- ACow_Adonis 10y agoTo be fair, most other developed nations don't have the American military or a worldwide reserve currency either...so comparisons are kinda moot...
- damptowel 10y agoHow much of that is due to capital flight from economies which are actively downsizing their public investments?