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Left wing Keynesian economics failing, page-26

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Scott th Ratbag

58,308 Posts.

666

15/03/23

14:58

Post #: 66780332
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Originally posted by BCCanuck: ↑

"Govts are running some weird hybrid model of capitalism/socialism, it can't work."

You are exactly right with your observation. Socialism, universal basic income schemes, quantitative easing (i.e. printing money), subsiding green energy schemes that can't work efficiently, bailing out failing banks with taxpayer funds etc cannot ever work.

In short, socialism always fails when it runs out of other's money.

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so you're saying that the Morrison decisions to support the economy during covid was wrong?

we don't have socialism in Aus. we are a social democracy..... and entirely different kettle of fish.

look up the definitions and see for yourself.
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