Saturday, August 17, 2019

The Grim Consequences Of Democratic Socialism - Daniel J. Mitchell

The Grim Consequences Of Democratic Socialism - Daniel J. Mitchell
"It’s difficult to be optimistic about some parts of the world.
When I look at Greece and Italy, for instance, I can’t help but think that economic renaissance is very unlikely, in part because of demographics, but even more so because voters have been conditioned to think that they have a right to live off the government.
This dependency mindset shows that societal capital has eroded, and it’s why I fear those nations have passed a tipping point.
Another example is Argentina. 
The Wall Street Journal‘s editorial page is very discouraged that the Peronists may return to power in that country.
Does Argentina have a death wish? 
...P.S. One external reason for Argentina’s awful performance is that it keeps getting rewarded for bad policy with IMF bailouts..."
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