Generate text that refutes this claim: Globalisation has made socialism impractical to implement  Global economic forces have rendered socialism powerless. Financial speculation, and investment flows can make or break economies, and the agents who channel these monies want to see countries liberalise, privatise and de-regulate more. This is being shown by the speculative attacks on Eurozone countries where the markets are showing they can force governments to implement tough austerity or even force changes in government without an election as has happened in Greece and Italy where technocrats have taken over as Heads of Government. [1]  These more flexible markets generate higher levels of growth and prosperity, and provide higher returns on investment, encouraging more. Countries which try to resist globalisation and liberal economic markets, as in ‘old Europe’, suffer stagnant growth and higher unemployment as a result. Old socialist-style economic models of tight economic regulation and central planning are unsustainable.  [1] Frankel, Jeffrey, ‘Let European technocrats weave their magic’, The Sydney Morning Herald, 29 November 2011,
political philosophy politics government society house believes socialism dead
What investors want more than anything is a stable economy and skilled workforce. Ironically it is the European nations where socialist thought remains strongest (the Nordic Countries) that are consistently ranked as the most competitive economies in the world. [1] Careful state management of the economy, provision of infrastructure and investment in exceptional health and education systems through high taxation have created a dynamic and highly qualified workforce, and attracted huge investment from technologically advanced industries.  [1] World Economic Forum, ‘The Global Competitiveness Report 2011-2012’,