Re: BOS political compass scatterplot
Economic Left/Right: -5.75
Social Libertarian/Authoritarian: -5.59
(Edit: Frankly I don't believe the economic result. I'm essentially a capitalist. Yes, I believe strongly in economic regulation, but usually light regulation, as is largely the case in Australia. Even if a centrally planned economy were economically viable, it would be lacking in certain freedoms, and I would not support it. The quiz seems to consider me economically a socialist because of the large number of caveats and reservations I have with free market economics. But I still support market economics; I certainly don't support large-scale central planning as in socialism or communism.)
Europe has never attained any decent macroeconomic performance indicators, what their natural rate of unemployment is like 9% or something ridiculously high illustrating a rigid and regulated labour market.
Why should we care about macroeconomic indicators for Europe? Wouldn't things like quality of life, happiness, etc be more important, even to a Libertarian?
Macroeconomic indicators might be important for places like China or India where people are still mired in disease, poverty, and discontent. That is not Europe.
Capitalism is a means to an end. That end is happiness and freedom. Libertarians too often forget that. Places like Europe and Australia are positively post-scarcity compared to India or China, and where does a post-scarcity society leave capitalism?
Not to mention how they all survive amongst each other through their common currency, through the help and guidance of the EU FREEING THE TRADE AMONGST MEMBER COUNTRIES (surely not a leftist ideal)
Finally you realise not everything is black and white, nor does it need to be! Europe and Australia take the good parts of socialism and the good parts of capitalism. Kfunk and other 'lefties' such as myself are rarely ever uniform leftists. Most support things like free trade and (regulated) market economies, often strongly.