Greece looking to the right for solutions ?

Any country that has private ownership is partly Capitalist.
Then you are misusing the term Capitalism...

But using your logic, every country with at least some public ownership must therefore be partly Socialist.

Why then do you refer to such countries as operating on a Capitalist, rather than a Socialist, economy?

If it has a mixture it is a mixed economy.
Yes a Mixed Economy, as in, NOT a Free Market economy. And when something goes wrong in your beloved Mixed Economy, you immediatly blame Capitalism, i.e. a Free Market that doesn't even exist.

Unlike your light bulb example there are more than two switches, off and on but also up and down.
Up and Down? What do you mean by this? Do you not understand what a dimmer switch is?

The word Free in a free market is not a moral concept.
Yes, it is. A Free Market is FREE of FORCE, and barring the use of force from human relationships IS a moral concept.

Some markets are more Free than others.
None are Free, Most are Mixed, a few are Controlled.

But this does not mean the more Capitalism the more free you are.
Capitalism does not exist on a sliding scale. Either the government is barred from initiating the use of force against it's citizens or it is not. Either the government is strictly limited to equally protecting the rights of individuals or it is not.

Extreme un regulated capitalism is not free except for a few.
It is only under Captialism that everyone IS free because it is the only system that does not allow any individual or group, not even government itself, to initiate the use of force against others.

Mercantalism operated in a Capitalist economy and was the opposite to benig free.
Capitalism requires a Free Market and all property is privately owned.

Mercantilism required some level of government control over the economy, therefore, it was not operating on a Free Market but a Mixed Market.
Mercantilism also operated with a great deal of public ownership over the means of production, therefore, it was not operating on a Capitalist economy but a Socialist economy.

All Socialist economies are the opposite of being free.
 
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What we're witnessing in Greece, Italy, Ireland, Portugal and other parts of Europe is a direct result of their massive spending to accommodate the welfare state. A greater number of people are living off government welfare programs than are paying taxes. Government debt in Greece is 160 percent of gross domestic product. The other percentages of GDP are 120 in Italy, 104 in Ireland and 106 in Portugal. As a result of this debt and the improbability of their ever paying it, their credit ratings either have reached or are close to reaching junk bond status.

Here's the question for us: Is the U.S. moving in a direction toward or away from the troubled EU nations? It turns out that our national debt, which was 35 percent of GDP during the 1970s, is now 106 percent of GDP, a level not seen since World War II's 122 percent. That debt, plus our more than $100 trillion in unfunded liabilities, has led Standard & Poor's to downgrade our credit rating from AAA to AA+, and the agency is keeping the outlook at negative as a result of its having little confidence that Congress will take on the politically sensitive job of tackling the same type of entitlement that has turned Europe into a basket case.

I am all too afraid that Benjamin Franklin correctly saw our nation's destiny when he said, "When the people find that they can vote themselves money, that will herald the end of the republic."
 
What we're witnessing in Greece, Italy, Ireland, Portugal and other parts of Europe is a direct result of their massive spending to accommodate the welfare state. A greater number of people are living off government welfare programs than are paying taxes. Government debt in Greece is 160 percent of gross domestic product. The other percentages of GDP are 120 in Italy, 104 in Ireland and 106 in Portugal. As a result of this debt and the improbability of their ever paying it, their credit ratings either have reached or are close to reaching junk bond status.

Here's the question for us: Is the U.S. moving in a direction toward or away from the troubled EU nations? It turns out that our national debt, which was 35 percent of GDP during the 1970s, is now 106 percent of GDP, a level not seen since World War II's 122 percent. That debt, plus our more than $100 trillion in unfunded liabilities, has led Standard & Poor's to downgrade our credit rating from AAA to AA+, and the agency is keeping the outlook at negative as a result of its having little confidence that Congress will take on the politically sensitive job of tackling the same type of entitlement that has turned Europe into a basket case.

I am all too afraid that Benjamin Franklin correctly saw our nation's destiny when he said, "When the people find that they can vote themselves money, that will herald the end of the republic."

Yes...Walter Williams is excellent and always right.

http://townhall.com/columnists/walterewilliams/2012/05/30/our_nations_future
 
It appears the sources you give are American or European, The The world Bank and IMF are American institutions with some European input . How reliable has the CIA being lately. In any case your table still shows China Number 3 not a fail economy and with very prospect than Noi EU or NO 2, the USA>

You specifically stated China has the world's leading economy. This is clearly incorrect. If you have some data to prove otherwise, why not post it?

I have pointed out many factual errors you have made. This was just another one.
 
You specifically stated China has the world's leading economy. This is clearly incorrect. If you have some data to prove otherwise, why not post it?

I have pointed out many factual errors you have made. This was just another one.
I did say China was the leading economy in the world. I meant it has the best prospect of being the leading economy in the world since it is growing and the others are falling. Some economists here estimate it could be the leading economy by 2050. In the meantime even by contribution to GDP in Services Sector it is No 2 and growing. It is alreadyady NO 1 in Industrial and Agriculture sectors
untry Contribution of Services Sector in GDP (estimated for 2007) Contribution of Industrial Sector in GDP Contribution of Agricultural Sector in GDP
United States of America 78.5% 20.6% 0.9%
China 39.5% 49.5% 11%
Japan 73.3% 25.2% 1.5%
India 55% 28.4% 16.6%
Germany 69.5% 26.9% 0.9%
United Kingdom 75.5% 23.6% 0.9%
Russia 56.3% 39.1% 4.6%
France 77.3% 20.7% 2%
Brazil 64% 30.8% 5.1%
Italy 69.3% 32% 5%
The growth rate of these economies is also an important factor, and is directly related to the overall development of a specific economy. Group of Seven Countries such as the United States, France, Italy and the United Kingdom all typically have smaller growth rates - usually in the region of about 2% per annum.
By contrast, emerging economies such as India and China have growth rates of around 8% to 11%, while the ‘new’ emerging economies may experience even more blistering growth rates.
 
The growth rates in China are not real, they are building entire ghost cities in an attempt to keep their real-estate bubble from bursting as it should have in 2008. Once their real-estate bubble does burst, China will collapse hard and take down more than a few other economies with it.

I believe its cooled noticably from it's 8-11 % days. and that bubble is getting very near.
 
The growth rates in China are not real, they are building entire ghost cities in an attempt to keep their real-estate bubble from bursting as it should have in 2008. Once their real-estate bubble does burst, China will collapse hard and take down more than a few other economies with it.
The USA has many ghost cities Factories and businesses with no people. They include Detroit, Baltimore, part of Chicago and even San Jose. At least China in growing the ghost cities will soon have people, those in the USA are dying
 
The USA has many ghost cities Factories and businesses with no people. They include Detroit, Baltimore, part of Chicago and even San Jose. At least China in growing the ghost cities will soon have people, those in the USA are dying

they did not build Detroit and nobody came, it was there and died as a direct result of leftist government and unions. ditto Chcago, Las Vegas etal. China is building new cities sans demand. not apples to apples, more like apples to refrigerators.
 
they did not build Detroit and nobody came, it was there and died as a direct result of leftist government and unions. ditto Chcago, Las Vegas etal. China is building new cities sans demand. not apples to apples, more like apples to refrigerators.

Most accurate. Leftism is killing the nation and has killed many once great American cities. But, the lefties think the killing is caused by too much capitalism, when it is apparent too much Socialism and Liberalism is the killer.

How can they be so wrong so often?
 
It isn't just the cities they are killing. Look what's happening to the youth in those areas. Chicago reported another weekend of over 40 shootings.

Did you happen to see O'Reilly's show with the Illinois Rep. Joe Walsh?

Video here
 
The USA has many ghost cities Factories and businesses with no people. They include Detroit, Baltimore, part of Chicago and even San Jose. At least China in growing the ghost cities will soon have people, those in the USA are dying
Dog and Gip are correct that Leftists have been the downfall of once great cities here in the US but there's another point that needs to be made... Several of the ghost cities in China have been around for a decade or more and still don't have people. They are falling into disrepair as a result of having no residents to maintain the buildings and infrastructure. So the claim that they will "soon have people" is merely wishful thinking without a shred of evidence to support such a claim.

Now, back to an earlier question that I think is important... You acknowledge that every economy has some level of Socialism, i.e. some degree of public ownership, and they all operate on Mixed economies... So, why do you not refer to every country as operating on a Socialist, rather than a Capitalist, economic model? It seems that when things appear to be going well in a given country, you credit the country for having a Socialist economy, but when things appear to go badly, you blame the problem on Capitalism. Is capitalism a scapegoat for every problem in the world?

Furthermore, every complaint you have made about "Capitalism", cronyism, bailouts, subsidies, etc., are all examples of things that are not permitted under a Capitalist system but are the norm for Socialist systems and Mixed economies.
 
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Most accurate. Leftism is killing the nation and has killed many once great American cities. But, the lefties think the killing is caused by too much capitalism, when it is apparent too much Socialism and Liberalism is the killer.

How can they be so wrong so often?

they choose to be so irrespective of the facts
 
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