Welfare States – R. I. P….(A Great Piece!)
By Monty Pelerin
“The worst thing in the world next to anarchy is government.” Henry Ward Beecher
Bloggers post what they claim to be the “scariest economic chart” or the ”chart of the century.” Indeed, many data sets are frightening, but none more so than the one to the left. Modern government has failed. These countries are insolvent and will default.
Jagadeesh Gokhale compiled these figures on European debt. This data shows incontrovertibly that all western democracies are on death row. The unlimited welfare state is the cause. Some governments are delusional, believing they can continue on their present paths. Others cling irrationally to hopes of some miraculous reprieve. All are dead men walking.