Friday, August 3, 2012

Government in Europe: the New Opiate of the Masses

How welfare states and Keynesian policies destroyed Europe's economic growth
Keynesian placebo policies 

“The answer is more Europe, not less,” proclaimed German Chancellor Angela Merkel two months ago shortly after committing to yet another stimulus plan with Italy, Spain and France to promote economic growth in Europe.

Europeans have become accustomed to frequent proclamations and promises of this kind since the world’s financial crisis morphed into a sovereign debt crisis exposing the socialist European economies for the houses of cards they always were.

Amidst this sea of promises and empty upbeat political rhetoric, economic growth has yet to appear. Instead, countries all over the continent keep mortgaging their citizen’s futures whilst assiduously extending the freedom restricting tentacles of state control into new realms of economic activity.