[ExI] Belief in Market Efficiency

[Stathis Papaioannou]

2009/2/6 Stefano Vaj <stefano.vaj at gmail.com>:

> I must say that I agree with Mirco on that. One cannot really compare
> Sweden (in the heart of Europe, not having known a war for centuries,
> more rich in natural resources than in population, etc.) with the
> United States - or for that matter, Russia or China.
>
> It would be like comparing Sweden with Montecarlo. Does have
> Montecarlo the best political system in the world because he has the
> highest pro-capite income? One might oppose that Fifth Avenue in
> Manhattan has probably a higher average income than Sweden, in the
> same spirit.

Mirco started off this discussion to make the point that socialism
inevitably leads to ruin, then picked as an example of this process
one of the wealthiest nations in the world which has had socialist
governments for the best part of a century.

-- 
Stathis Papaioannou