Ray
Lv 6
Ray asked in Social ScienceEconomics · 2 months ago

Which Economic Block would you prefer to live in: USA or EU [''capitalist'' vs ''socialism'']?

In USA by law you can receive medical treatment [the best and most expensive in the world], but you risk going into debt if you do. USA relatively small gov. means most people have to pay their way through higher education, people risk falling into deep debt but the opportunity for economic growth is unequal. Most global tourist are American because of this & 50% of immigrants apply for USA  residency. 

 

In EU by law you can receive medical treatment [ok quality, at no cost at all], no cost no strings attached but many times a long wait time. 

EU relatively large gov. allows most people to get through higher education at no direct cost to them, though the higher tax rate is what pays for it. Essentials are mostly covered by the gov. but most people must work for a roof over their head and for any wants, though the higher tax rate yields little net profit so most live paycheck to paycheck, few get to travel or spend on luxuries [average car is small and unpractical]. 

Your preference? 

Update:

@Zirp it does when the government subsidizes educational costs. 

By size of government people do not mean how authoritarian said government is, size of government is what said government subsidizes, and how much it costs the tax payer to do so. 

4 Answers

Relevance
  • 2 months ago

    The US and the EU are both capitalist: wages system, production for profit, class of capitalist exploiters. Socialism is a classless moneyless stateless society based on production for use. 

  • Oiy
    Lv 6
    2 months ago

    You have the wrong definition of capitalism and socialism.(Richard Wolff).

  • Zirp
    Lv 7
    2 months ago

    Questions about the answerer are not allowed on Y!A

    There are no Socialist countries in the EU.

    How much you pay for higher education has nothing to do with the size of the government

  • 2 months ago

    USA! USA! USA! I love capitalism, and I support our President.

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