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The Effects of Socialism in the Collapse of the European Market

August 23rd, 2011 by admin

Karl Marx, the writer of The Communist Manifesto, never believed that communism was meant for Russia or China. He always expected for it to rise in the Western parts of Europe. Ever since his time, and even during the height of the Cold War, Europeans have always had a relationship with Marx’s vision. Socialism in its many forms, however, have also lead to many problems for Europe. The major example of this is the current crisis with the Euro-zone. Today, the economy of Europe, and even the economy of the rest of the world, is being damaged by the high levels of debt that European countries hold. This debt is the result of high levels of government spending in healthcare, education, both public and private unions, and pensions. All of these are socialist policies meant to spread wealth. This also has the effect of making it harder for businesses to function like they do in the American capitalist system. Now, in this time of economic hardship, countries like Germany, which is more business friendly than other European countries, have given money to more socialist countries in order to prevent a disaster. The European Market is falling apart and socialist ideas are partly to blame.

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