So in talking to my friend about Austria, I did a little bit more ‘research’ (awesome) on the country and discovered that the Austrian economy does pretty okay for itself. I admit that I know nothing about economics, except for an inkling about the nature of currency: that it should equal unequivocally the amount of work it takes to create an item/product instead of equaling the amount of ‘value’ that a person/persons arbitrarily think it’s worth; discrepancies between these two manners of thinking result in financial depressions and in some instances, socialist ‘worker’ revolutions. Anyhow, for some reason, however, a few European nation states, like Austria and the Netherlands, have maintained their economies despite the excessive debt that some of their neighboring countries have acquired over the years.
In addition to these few European countries, China and Japan are obviously booming economically, while Pakistan and India are, themselves, blooming. I’m convinced that the economic success of these nations has less to do with their trade practices or how they regulate their currency than with the homogeneity of their populations. I’m generalizing, tremendously, but perhaps due to sharing cultural staples, some nations find capitalism easier and more lucrative than others. And yes, despite its lack of social democracy, China’s economic practices are indeed capitalist.
Perhaps some of the European markets are failing due to their rapid cultural heterogeneous-ization. The United States is in this boat also. This is the ‘conservative’ message that will never be spoken of except by Michael Savage. It’s the white elephant in the room, so to speak: shared language, tight borders and a homogenous culture are requisites for a nation’s maintaining its integrity, economic and otherwise…. blah blah blah blah… but it’s true, it seems.