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Considering many people in Russia consider that those were the good times - better times than today, anyway - it's not clear that the anecdotal evidence supports your point.

Besides, the ability to make and distribute consumer goods isn't in itself a particularly useful measure of the health or value of an economy.

We don't actually have a useful model of what a healthy economy does look like. Mid-century social democracy probably comes closest, but the - apparently - inevitable slide into economic dictatorship by the non-proletariat has to be considered a bit of a flaw.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Dec 14th, 2011 at 11:20:42 AM EST
[ Parent ]
Of course I'm coloured by the Scandinavian perspective, but from that perspective, things have never been better.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Dec 14th, 2011 at 11:28:37 AM EST
[ Parent ]
Isn't the Swedish economy in CA plus due to trade with Germany?

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Thu Dec 15th, 2011 at 02:55:41 PM EST
[ Parent ]
I'd say Sweden has a CA deficit with Germany.

Exports (2010)--SEK 728.2 billion (U.S. $102.9 billion). Imports (2010)--SEK 687.6 billion (U.S. $97.2 billion).

Major trading partners, exports (2010)--Germany 10.1%, Norway 9.9%, U.K. 7.6%, U.S. 7.3%, Denmark 6.5%, Finland 6.2%, France 5.1%, Netherlands 4.7%, Belgium 3.9%, China 3.1%.

Major trading partners, imports (2010)--Germany 18.3%, Norway 8.7%, Denmark 8.5%, Netherlands 6.4%, U.K. 5.7%, Finland 5.2%, Russia 4.9%*, France 4.8%, Belgium 3.9%, China 3.9%.

* This is mainly oil, especially heavy/sour gunk which we process into motor-grade diesel a the refinery in Lysekil.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Dec 15th, 2011 at 04:03:47 PM EST
[ Parent ]

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