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Slacker Economics, European Style

13 October 2009

Here’s an interesting article by a European macroeconomist on the sub-surface, long-term, depressive effect that the Nanny State approach to governance on the ability of market economies to pay for their so-called social “safety net.”  The upshot:  safety nets turn into cots, and cots into bunk beds, and bunk beds into hotels for those who do not exhibit a strong work ethic and sense of personal responsibility and who pass on to their children a similar, though inevitably intensified, laziness.

The further upshot:  creeping socialism is self-defeating at many levels and is therefore unsustainable.


3 Comments leave one →
  1. 14 October 2009 10:15 am

    Woe is us: another slippery slope.


  2. 14 October 2009 10:23 am

    For straw, try this (a socialist must have intervened previously):


    • 26 October 2009 4:26 pm

      Just watched it, Coop, and as propaganda goes, it’s pretty good stuff, which is to say, I find much to agree with. After reading Amity Schlaes’ The Forgotten Man, it is no surprise to me that this cartoon arose in 1948. FDR’s chutzpah takes the breath away, as does BHO’s fawning emulation of him. qb

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