I am sorry, Mike, but I disagree. Capitalism is a nonsense word just as Socialism is. There is pretty much no society on earth that doesn't practice "capitalism" in some form. The whole of the EU, for example. But the examples of democratic socialism/capitalism so far seems to deliver a decent and fair society. My usual best example of this is Germany. What I try to do is provide evidence of alternatives to the benighted 'Murrkins living in misery gazing at their navals and slinging words around that provoke one side or the other.
Feel free to share it around:
Fun Facts Germany:
- German Federal Budget 2010-2020: 6 surpluses, 1 breakeven, 1 deficit (2020 because of COVID, subsidizing all salaries at 60%)
- US Federal Budget: Last surpluses under B. Clinton 1998-2001, 2002 Bush tax cuts take over and....down it goes
-German Balance of Trade: Never had a deficit
-US Balance of Trade: Last surplus was 1975
-W. Germany's absorption of E. Germany was the economic equivalent of the US absorbing Mexico
-Before the absorption of the 1.2mm ME immigrants, in 2014, 1/4 of Germany are immigrants, mostly Turkish, E. European, and S. European
- Usually between 2nd and 3rd fewest workweeks in the world: 34.7/year vs. 43 for the US
-6 weeks federally mandated vacation, all paid sick leave, 1 year paid maternity leave, 6 months paid paternity leave
-universal means-tested, hybrid public/private HIGHER quality healthcare than US
-fully funded federal retirement
-Education pre-school to graduate degree or professional/practical training and internships FREE and PAID.
-the most unionized country on earth or tied for that honor
-renewable energy federal investment to 2015: $150bb, the equivalent of the US investing $1.9TT, currently invests ~$12b/year
-renewable energy: 51% in 2020, USA: 20%
-comprehensive fast, clean, comfortable, convenient, affordable public transportation
-top quality infrastructure...best roads, bridges, tunnels, etc. in the world by all measures
2020 Stats for Comparison-----------
German Population: 80.62mm
US Population: 318mm
German Land mass: 137,983 mi² (slightly smaller than Montana)
USA Land mass: 3.797 million mi² (27 times larger than Germany)
German Natural Resources: small amount of coal, tiny amount of oil, otherwise practically none, agricultural "museum"
US Natural Resources: Vast oil, gas, ore and other mining, timber, vast coast line with fisheries, vast agriculture
German GDP: 3.86TT
USA GDP: 21.43TT
German Manufacturing as a percentage of GDP (excluding construction): 19.11%
US Manufacturing as a percentage of GDP including construction): 11.39%
German Manufacturing employment as a percentage of employment: 26.78
US Manufacturing employment as a percentage of employment: 8.5%
German Export Size vs. US: in 2011 and 2013, out-exported the US. Prior to 2009, regularly out-exported the US and China
German Exports 2020: $1.489 trillion
US Exports 2020: $1.665 trillion
German Top 10 Exports:
Machinery including computers: US$260.7 billion (17.5% of total exports)
Vehicles: $243.7 billion (16.4%)
Electrical machinery, equipment: $158.7 billion (10.7%)
Pharmaceuticals: $90.4 billion (6.1%)
Optical, technical, medical apparatus: $79.3 billion (5.3%)
Plastics, plastic articles: $63.2 billion (4.3%)
Aircraft, spacecraft: $42.3 billion (2.8%)
Mineral fuels including oil: $34.2 billion (2.3%)
Articles of iron or steel: $31.3 billion (2.1%)
Other chemical goods: $26.3 billion (1.8%)
US Top 6 Exports:
Machinery including computers: US$361.6 billion (15% of total imports)
Electrical machinery, equipment: $343.5 billion (14.3%)
Vehicles: $254.4 billion (10.6%)
Pharmaceuticals: $139.5 billion (5.8%)
Mineral fuels including oil: $130.1 billion (5.4%)
Gems, precious metals: $107 billion (4.4%)
Optical, technical, medical apparatus: $90.9 billion (3.8%)
Furniture, bedding, lighting , signs, prefab buildings: $65.5 billion (2.7%)
Plastics, plastic articles: $62.5 billion (2.6%)
Organic chemicals: $55.9 billion (2.3%)
http://www.tradingeconomics.com/germany/government-budgethttps://www.cia.gov/library/publications/resources/the-world-factbook/https://data.oecd.org/https://data.worldbank.org/imf.org/en/Datahttp://www.worldstopexports.com/https://www.bioenergyconsult.com/
etc.
