Buiter Says Socialist-Type Measures Would Do Well in America

The video discusses the US debt to GDP ratio, comparing it with Sweden's lower ratio. It explores the influence of socialism in US politics, particularly within the Democratic Party, and contrasts it with European social democracy. The discussion includes potential benefits of socialist policies like single-payer healthcare and social safety nets in the US. The video also addresses political polarization in the US, highlighting the challenges of alternating administrations and policy reversals.

What is the debt-to-GDP ratio of the United States as mentioned in the video?

• 104%

• 35%

• 50%

• 75%

Which country's socialism is compared to the US in the video?

• Finland

• Norway

• Sweden

• Denmark

What is one of the socialist policies mentioned that could benefit the US economy?

• Privatization of public services

• Lower corporate taxes

• Single payer healthcare system

• Increased military spending

What is a potential consequence of political polarization in the US as discussed in the video?

• Unified political parties

• Stable economic policies

• Chaotic economic life

• Increased international trade

What is a key difference between European and US approaches to income redistribution?

• Neither redistributes income

• Both have equal willingness to redistribute

• Europe has a higher willingness to redistribute

• US has a higher willingness to redistribute