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May 2, 2012

The Liberty Bullhorn

We all know what the welfare state looks like when it is on the rise: friendly, compassionate, handing out entitlements right and left while making lavish promises from here to the next Big Bang. We also know what the welfare state looks like when it is at its maturity point: heavy-set, short of breath trying to keep up with the everyday chores of paying for its promises while resting on the backs of taxpayers.

What we don’t know much about is what the welfare state looks like when it is crumbling. But we do know this:

  • The decline of the welfare state comes in the form of ever nastier austerity policies; and
  • Austerity makes a country poorer and sentences young generations to a life less prosperous than the one their parents had.

Another ugly feature of the crumbling phase of the welfare state is it paves the way for all…

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