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Cheryl H's avatar

Funny coincidence, I have watched several YouTube videos recently of Brits favorite things about America. Number one air conditioning, number two ice cubes. The videos have fascinated me, I have watched British, German, and French ones and they all have very similar takes. Many of them have reminded me that America is magnificent despite our politics.

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David Woods's avatar

Our vocabulary includes many words to describe political-economic systems, including: capitalism, laissez-fair, socialism, communism, fascism, social-democracy, the Nordic system, and so on. I've gotten into raging debates over what these words mean. Really, it should come down to just one, rather objective factor: how much does government control the economy? A lot, or a little, or something in-between?

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