Quote Originally Posted by Kagemusha View Post
Furunculus, You are simply toting the same Thatcherian principles i mentioned before in earlier post. You are bringing up ideas of certain click as some sort of "truth".

If your line of thought was without faults.Your equation would actually work, but it does not. If you look at the list of most competitive countries in the world.You see it dominated by countries that base their economies in mixed economy.Take a look:
kaga, i have seen nothing to persuade that the statement below is not true:
once government spending rises above about 25 per cent of GDP, for each additional percentage point of GDP the government spends, growth is around 0.1-0.15 per cent lower per year.
plus, the points about demographics are definately a post thatcher phenomamen, and only serve to compound our growth problem.