how much does the economic cycles affect socialist countries?

[OS]

It's pretty clear that the business cycle causes pretty rapid changes of fortune for those of us in the US. How about for european countries?

 

[sandorski]

I can't really say for Europe, but it seems that the US has higher highs and lower lows than Europe. I don't know if it's easy to compare though, since the US has been and will continue to be an Economic power house that affects the Global Economy more than the Global Economy affects it. Europe's economy is still quite fragmented between the various countries, though that will continue to mold into a single economy. One day such a comparison will likely be much easier.

 

[ReiAyanami]

but europe enjoys 17.5% sales tax, $3-5/gallon gasoline, 11.4% unemployment rate (germany), and in most of the EU u aren't allowed to work more than 6 hours a day (no overtime pay ect...)

 

[Goosemaster]

The economic cycles usually even out when regarded from a long-term perspective. Because of this, the slow ogre that is socialism is only affected by only the largest happenings in our economic cycles. Other than that it keeps humming a long like a fiat. You ahve to kick it sometimes but it runs pretty steady.


See here in the states we have what are called "domestics".....yeah, that's a real word. Sometimes you have to kick 'em for them to go fast. Sometimes they just die on you. In the long-term however, they provide you with a roller-coaster ride of excitement unlike a slow yet predictably-indistrubtable Opel or fiat

 

[Muzzan]

11.4% unemployment rate (germany),

Obviously the former DDR has nothing to do with that 😉

and in most of the EU u aren't allowed to work more than 6 hours a day (no overtime pay ect...)

What?

 

[freegeeks]

Originally posted by: ReiAyanami
but europe enjoys 17.5% sales tax, $3-5/gallon gasoline, 11.4% unemployment rate (germany), and in most of the EU u aren't allowed to work more than 6 hours a day (no overtime pay ect...)

bs for the bold part

 

[Skyclad1uhm1]

Originally posted by: freegeeks

Originally posted by: ReiAyanami
but europe enjoys 17.5% sales tax, $3-5/gallon gasoline, 11.4% unemployment rate (germany), and in most of the EU u aren't allowed to work more than 6 hours a day (no overtime pay ect...)

bs for the bold part

You forgot some.

Unemployment rate for germany is about 10.4% I think, Dutch sales tax is 19%.

 

[Orsorum]

Do Socialist Countries Suffer A Common Business Cycle?

 

[freegeeks]

Originally posted by: Skyclad1uhm1

Originally posted by: freegeeks

Originally posted by: ReiAyanami
but europe enjoys 17.5% sales tax, $3-5/gallon gasoline, 11.4% unemployment rate (germany), and in most of the EU u aren't allowed to work more than 6 hours a day (no overtime pay ect...)

bs for the bold part

You forgot some.

Unemployment rate for germany is about 10.4% I think, Dutch sales tax is 19%.

yeah i know but VAT and unemployment rate is different from country to country but these 6 hours a day and no overtime pay statements are just the biggest bs of the day

edit: I also noticed that it's always the americans who are whining about the sales tax and the $4 gallon gasoline in Europe -- wtf --
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