Wednesday, July 22, 2009

The ruin of the Nanny State

Evans-Pritchard lays it out: Britain, Spain, France, Germany, Italy, the US, and Japan are in varying states of fiscal ruin, and those tipping into demographic decline (unlike young Ireland) have an underlying cancer that is even more deadly. The West cannot support its gold-plated state structures from an aging workforce and depleted tax base. You don't say.

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