The public policy blog of the American Enterprise Institute

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Discussion: (7 comments)

  1. Keep on spreading that capitialistic conservative propaganda & dogma!

    1. RonRonDoRon

      And what are you spreading? (I’m picturing the old-fashioned manure spreaders I used to see in farm country.)

    2. Kevin,

      You are an excellent representative of the brainless left, bleating your thoughtless drivel.

  2. Vic Volpe

    Mark, I agree with what you say. But since the New Deal it’s been called a “Mixed Economy” — Government and the Private Sector. Was also called by Ike, the Defense-Industrial Complex. There is a role for government; but, we are over-regulated — Jerry Brown said it in his State of the State.

  3. Che is dead

    “A factual analysis of these four areas reveals a modern-day America that is much closer to a European socialist-style economy – like Germany, Denmark, or Sweden – than to a capitalist frontier.” — Mark Perry

    Hey! Let’s leave Sweden out of this:

    “Sweden has reduced public spending as a proportion of GDP from 67% in 1993 to 49% today. It could soon have a smaller state than Britain. It has also cut the top marginal tax rate by 27 percentage points since 1983, to 57%, and scrapped a mare’s nest of taxes on property, gifts, wealth and inheritance. This year it is cutting the corporate-tax rate from 26.3% to 22%.

    Sweden has also donned the golden straitjacket of fiscal orthodoxy with its pledge to produce a fiscal surplus over the economic cycle. Its public debt fell from 70% of GDP in 1993 to 37% in 2010, and its budget moved from an 11% deficit to a surplus of 0.3% over the same period. This allowed a country with a small, open economy to recover quickly from the financial storm of 2007-08. Sweden has also put its pension system on a sound foundation, replacing a defined-benefit system with a defined-contribution one and making automatic adjustments for longer life expectancy.

    Most daringly, it has introduced a universal system of school vouchers and invited private schools to compete with public ones. Private companies also vie with each other to provide state-funded health services and care for the elderly. Anders Aslund, a Swedish economist who lives in America, hopes that Sweden is pioneering “a new conservative model” …” — The Economist

  4. Funny how both our Coporations AND our Social Overlords in Washington are the only two groups who seem to be doing just fine with things the way they are?

    Why would either want to initiate any real change to the current status quo?

  5. Citizen B.

    Excellent article by professors Perry and Hemphill.

    Whatever happened to the push to lower the U.S. corporate tax rate, which even President Obama has mentioned?

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