Quote:
Originally Posted by TripletDaddy
My point is that comparing Europe to the US is a bit disingenuous given that their economies are all rooted in principles of monarchy, royalty, etc.. The US was founded on principles of democracy and capitalism.
If you were to put them all on a continuum, with Monarchy at the right and Democracy (or republicanism) at the left, Europe has gradually shifted from the far right towards the middle. Given Europe's roots, of course it will tend to be more socialist than the US.
The US never really was purely on the left, as I pointed out earlier, because we have always had a system of taxation in place, and welfare/social programs for quite a long time. So we are moving from the left towards the middle.
I personally do not believe that we would ever move past the middle because it simply is not in our DNA to do so.
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WHat does that mean, to say an economy is founded on principles of monarchy? IN terms of the function or structuer of their economies, what ius different becasue they were founded on principles of monarchy?