Hacker News new | ask | show | jobs
by brlittle 6685 days ago
Yes, I understand that.

I maintain that it doesn't support your argument that our economy is being dragged down. You may argue that it's not growing at the rate you think it would, and I can respond by arguing that the resulting society isn't one I'd want to live in -- that's a different discussion. But the general trend of growth year over in real GDP (http://www.ers.usda.gov/Data/Macroeconomics/Data/HistoricalR...) is not evidence of being "dragged down." The trend is broadly up.

Regarding your second point, this is a canard. The fact that the 10 largest, most successful economies in the world (in fact, most if not all of the top 20) incorporate elements of socialism (most to a much greater degree than the US) demonstrates that mixed economies can, and do, succeed. Your initial argument at least implies that a mixed economy is not a successful one. If I read that incorrectly, please tell me, because by most metrics, mixed economies are not only surviving, but prospering.