Nearly 15% U6 unemployment. Collapsing labor force. Falling real incomes. 15% on food stamps. Massive fiscal mismanagement in every respect. Endless QE just to fund the government. 0% interest rates just to reach 1% GDP growth. Healthcare is clearly moving toward a completely socialized approach over time and completely away from any free market solution. Taxes are extremely high, between federal and state; typically higher than supposedly socialist European countries. America also has more economic regulations on the books than any other country (and that's rapidly expanding). The largest land owner in America is the government, by a drastic margin. Half of all mortgages are held by the government. And on and on.
Doesn't get any more old European Socialist than what America is today. It would be fiscally impossible to go any further.
$6.4 trillion in total government expenditures.
Largest welfare and entitlement programs.
Nearly 15% U6 unemployment. Collapsing labor force. Falling real incomes. 15% on food stamps. Massive fiscal mismanagement in every respect. Endless QE just to fund the government. 0% interest rates just to reach 1% GDP growth. Healthcare is clearly moving toward a completely socialized approach over time and completely away from any free market solution. Taxes are extremely high, between federal and state; typically higher than supposedly socialist European countries. America also has more economic regulations on the books than any other country (and that's rapidly expanding). The largest land owner in America is the government, by a drastic margin. Half of all mortgages are held by the government. And on and on.
Doesn't get any more old European Socialist than what America is today. It would be fiscally impossible to go any further.