Is Sweden A Socialist Country?

This morning I was investigating whether Sweden is a socialist country.   Why?  Well, having just seen many accusatory commentators on Fox News claiming that we are “becoming a socialist country like Sweden”, I decided to put on my investigative cap and do some research.

The first question that came to my mind was:  Is being like Sweden a bad thing?Read More

Richard CummingsIs Sweden A Socialist Country?

The Economy: A Definitive Answer?

After being a country for nearly 250 years, and seeing examples throughout history, is there not yet a definitive answer as to what makes the economy work?

I ask this on the heels of viewing ABC’s This Week with Christiane Amanpour this Sunday morning. On the episode, we had the same old tired rhetoric with the stodgy Republican saying “cut taxes” and the uncomfortable Democrat saying “create government programs”. I often just turn these programs off now because it is the same “solution” each week with similar words coming out of the partisan mouth of the week.

But I wondered today: After all of this time of being a country, and examples throughout history, isn’t there yet a definitive answer for what makes an economy work? Can we not look at times when the economy was growing and thriving and say, “That’s it. That worked! Let’s do it again.”Read More

Richard CummingsThe Economy: A Definitive Answer?
Countries With The Highest Quality of Life

Income Equality and Standard of Living | Does Income Equality Lead To A Higher Standard of Living?

In this article, we will take a look at countries with high income equality and ask the question:  Does high income equality lead to a better standard of living?

I recently wrote an article about socialism in Sweden.  With Barack Obama trying to implement higher taxes on the rich, the arch-conservative Fox News threatened that we would become the next “socialist Sweden” if this were to happen.

I found this to be a bit of an empty threat given that Sweden always tops the list of countries with the highest standard of living.  In actuality, Sweden is not a socialist state and in many respects exemplifies a more capitalist bent than we have.  What a shocker-Fox News lied!

In writing this article about Sweden, I came across two graphs that are quite telling.Read More

Richard CummingsIncome Equality and Standard of Living | Does Income Equality Lead To A Higher Standard of Living?

Living In Uruguay–Richard’s Freakonomics

Richard’s Freakonomics

Tattoos, Uruguay, and World Economics

I met a girl named Maria the other day which is not unusual because a large number of girls here bear that name.  What was unusual is that Maria had a tattoo, or as Vince Vaugh’s character in Wedding Crashers says, “might as well be a bullseye”.Read More

Richard CummingsLiving In Uruguay–Richard’s Freakonomics