pmaitra
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Yay! @Mad Indian is back. I welcome you with your favourite smiley.Nordic state's successes are over rated. They only show the statistics which show them in good light and not the ones which show them in bad. For instance, at the moment, American house hold income is about 1.5times that of the Nordic ones and still it is growing at a healthy rate of 3% because, US is much more capitalistic than the Nordic states. Nordic states have plateaued and will remain so , so long as they are socialist.(Read market socialist and not pure socialist)
And Market socialism does not destroy the economy like the communist economy destroys it like it did in USSR. But it makes the economy static like it did in the western world. Sure you will have lower poverty, but you will also have no further growth/progress in the economy.
So, if the nation wants to grow and prosper at the cost of inequality or does the nation wants to reduce inequality at the cost of growth and prosperity is a choice for each individual country.
That said, I would rather India be a rich, prosperous and growing (albiet with inquality) than be a poor old bugger with good quality
All right, now that the exchange of pleasantries is over, tell me, what according to you is Market Socialism, what according to you is Pure Socialism, and what differentiates Market Socialism from Pure Socialism?
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