A decade later, Putin re-nationalized it again 2.3 Examples ● True communist states? ○ No ○ But Cuba and North Korea are still trying ■ pretending ○ So they have ● Venezuela ○ Hugo Chavez ○ He’s been trying very hard with minimum success ○ Government place very heavy hand in redistributing social rights and benefits ● Saudi Arabia ○ Politically definitely not left, it’s monarchy ○ But economically left ○ Very liberal ○ Saudi arabia controls oil for the people ○ If you are citizen it’s basically free ○ College is free in Saudi Arabia, and they will send you abroad paid ● Brunei ○ Sits on oil ○ Made trillion of money ○ They provide everything for the citizens ○ Walt disney world next to capital ○ If you are born in Brunei you have a lifetime admission ● Sweden ○ Open socialist state ○ Provide tons of social benefits ○ When women is pregnant, 2 years of paid days ○ How do they pay? No oil. ■ They don’t control resources, but they tax very highly ■ Income tax is 25 to 30 % ■ Sale tax is very high ■ Vodka and cars ■ they do it very well ● China ○ NOT communist (economically) ○ They have been moving to the right, embracing capitalism ○ They tried to give out benefits, too many people
○ Letting things privatize ● Russia ○ Not communist ● India ○ Tax and selling licenses ○ They don’t give as many benefits to citizens ● UK ○ They invented capitalism ○ They provide some benefits to the citizens but they don’t run any businesses ● Germany ○ They are big on businesses ● United States ○ They kinda provide some benefits ○ But no where close to the top 10 ○ No free healthcare..etc ○ Does not like to be in business ○ In times of emergency, they help but it’s quick 3.1 Feb 4 Economic Sectors ● 3.2 Economic Sector Smackdown 3.3 Economic Exceptions
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- Fall '13