Socialism always works
“...equitable treatment means we all end up at the same place.”
--Kamala HarrisArgentina began the 20th century as one of the wealthiest places on the planet. In
1913, it was richer than France or Germany, almost twice as prosperous as Spain,
and its per capita GDP was almost as high as that of Canada. Until the 1930s, the
French used the phrase ‘‘riche comme un Argentin’’ to describe the foolishly rich.
The century’s golden beginning was followed by far less prosperous decades. Over
the last 100 years, Argentina’s place in the hierarchy of nations dropped
precipitously, falling behind not only Europe but also many of the growing
countries in Asia.
Why did a nation that was doing so well end up doing so poorly? Argentina’s
mediocre 20th century performance matters not only for students of Latin American
economic history. That performance stands as a warning to the world. No country is
too rich to fail
Introduction to Argentine exceptionalism
Edward L. Glaeser1 • Rafael Di Tella1 • Lucas Llach2
In Venezuela everybody is in the same place. Poor.
If you don't want to be poor you have to accept that people are different and some will be very very rich but everybody gets better.
How does economy works
There are 2 people in the World Adam & Eve
Eve makes 100 & Adam makes 10 a year , difference 90
GDP grows at 10%
Eve makes 110 & Adam now makes 11, difference 99
inequality grows with growth. The rich guy grows more in USD than the poor guy, both end up better. If there is a big recession the rich guy suffers a lot and the poor will starve.
This is Socialism Basics, it always works , everybody ends poor .
“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” —House of Commons, 22 October 1945, W Churchill
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