« "Teaching everyone to make do with less of everything is just step one." | Main | "“[M]y Situation has been such that I have been obliged to use art to conceal it from my own Officers.” " »
February 20, 2012
"It was all done with the best of intentions"
Greece has provided a preview into what happenswhen a welfare state model can no longer be sustained. The first to fall will be the weak, as the stimulus money wears off and its toxic aspects become evident: competitiveness has been destroyed, the inability to sustain itself with stimulants, the loss of the ability to heal itself. All the signs will be there. The emigration of the working age population; capital flight; corruption, which rather than abating, intensifies; the political elites, who rather than reforming, double down. -- Belmont Club ｻ Bad Habits
Posted by gerardvanderleun at February 20, 2012 8:39 AM. This is an entry on the sideblog of American Digest: Check it out.