Question: 1 . Do you consider that the measure ( dividing real government spending by nominal GDP ) is a good measure of socialism as per
Do you consider that the measure dividing real government spending by nominal GDP is a good measure of socialism as per Weiss, LThe myth of freemarket capitalism versus the rest? Why, or why not?
According to Bower public spending as a percentage of GDP on average, is much higher in wealthy democracies than in emerging economies. Why do you think this is so
Bower states that the United States has almost entered the normal range of Western European socialism using the above measure however, the United States enormous spending on the military may skew the calculation Excluding military spending, the United States is socialist. Aside from the measures given by Bower what evidence is there that Europe has a more socialistoriented economy than the United States?
Debate the validity of the argument in the context of South African economic policy and the economic crisis.
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