Europe's Unemployment Rate

[Japher]

I am trying to point out that Europe is a socialist economy which discourages private buisness, which may account for the 5% diff in the US employment rate.

[DanS]

And so I ask again: And the US isn't a socialist economy?

[Dracon II]

It never ceases to amaze me just what can be called socialist with a straight face nowadays...

[Japher]

And the US isn't a socialist economy?

And I again I tell you...

what's your point?

You think dellusions keep ppl from trying or not trying?

[Seeker]

You mean socialist as in all forms of private enterprise forbidden and collectivized agriculture, with all all means of industrial production owned by the state, like in NK? The US didn't look very socialist to me. All these farmers and enterpreneurs running around with the delusion they 'own' their enterprises. I guess it's all one big deception?

Or is this about what some call 'social democracy'?

[DanS]

I would like to know why you think socialism has anything to do with it. Sweden has a better unemployment rate than the US, after all.

[Spiffor]

Originally posted by Kidicious
I agree that monetary policy is too tight, especially in Germany. You don't think that loose monetary policy in Europe could work like it works in the US though do you?

Many here do (it works in the UK as well, which is in the EU. Can't get more obvious than that). But try to explain it to our genius central bankers

BTW, the monetary policy is the same for all countries of the Eurozone. It's decided by the ECB alone, so there's no variation among countries.

[chequita guevara]

Originally posted by DanS


I would guess that Europe has a similar %-age of population under arms versus the US.

Not quite, IIRC, but the U.S. counts people in the military as being part of the workfoirce and as being employed. Other countries do not, so it would tend to lower our UR vis a vi them.

[Bosh]

The statistical methods that the Europeans use to calculate unemployment rates are radically different than the ones that Americans use, probably the "real" rate in Europe is still somewhat higher but using official statistics is comparing bananas and plantains...

[Sikander]

Originally posted by DAVOUT


Sure, only 0.24% or 60000 persons of the active population is incarcerated in France (instead of 2% or 2.500.000 in the US), therefore the unemployment rate would decrease by 1.74%.
Unfortunately, this would require 440000 more criminals, a quantity that cannot be presently produced nor delivered by the criminal industry.

[Sandman]

Originally posted by Japher
I am trying to point out that Europe is a socialist economy which discourages private buisness, which may account for the 5% diff in the US employment rate.

'Europe' isn't socialist. I mean, it just isn't.

[Donegeal]

Originally posted by Sandman


'Europe' isn't socialist. I mean, it just isn't.

Correct, but it far more so than the US....

Maybe my troll wasn't so much of a troll...

[Dracon II]

To paraphrase Tyler Durton:

Just because Europe has stuck more feathers up its butt, doesn't make it more of a chicken than the US...

[Spiffor]

Originally posted by DanS
I would like to know why you think socialism has anything to do with it. Sweden has a better unemployment rate than the US, after all.

I think it has to do with the idea that only unfettered capitalism can be a good climate for businesses, and that only such private businesses (which pay little taxes and do whatever they want) create jobs.

[Drogue]

This reminds me more and more how far the UK is from the EU economically. We have 2.7% unemployment (claimant) or 4.8% (ILO), and have been quite buoyant while Germany and France have been facing problems, deficits and high uneployment.

I always wonder why? I know our business cycle is a bit different, but I think some of it has to be attributed to New Labour and Gordon Brown. After 8 years, with many world problems economically, the UK has done very well, and still is. Scarily, I think I may even end up voting Labour in a few weeks, even given my history as a staunch liberal.