The Bankrupt Finnish Welfare State

Den 31 augusti, 2010, i @Twitter, Ekonomi, av MFC

The Bankrupt Finnish Welfare State by Kaj Grussner

Finland is, and has long been, a poster child for the utopian European social-democratic welfare state, and has now been named the greatest country in the world, in a bizarre remake of Time’s Person of the Year award to Ben Bernanke.

In Finland, the progressives believe, big government works. So do universal healthcare and public, ”free” education. And if Finland can do it, so can the United States. The flaw in that argument is that Finland actually can’t do it, no more than Obama can keep his promises.

The Finnish welfare state comes at a price we can’t afford. The healthcare system is severely inefficient and costly, and stands in the way of normal people’s access to the truly great medical care provided by the private sector. The public education is also very costly and constantly short of money. Textbooks are passed on from generation to generation, everybody learning the same fallacies as the ones before them, provided that books are even readable.

The idea of everyone’s right to a university degree has resulted in a very high number of university graduates, but their degrees are often of no value on the job market. Due to high taxes and both the legal and financial risks of employing people, an 8 percent unemployment rate is considered normal. And did I mention that the retirement system is every bit as much of a Ponzi scheme as the US Social Security system, and is on the verge of collapse?

Källa:
Mises Daily – http://bit.ly/cf23B2

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Från CNBC läser jag rubriken Obama: Bank Regulators May Have Gotten Too Tough
Källa: http://www.cnbc.com/id/35014931

Banker har växt sig så stora så man kan varken dela upp dom, bryta ner dom eller kontrollera dom. De är dessutom en del av det globala politiska systemet och äger dessutom sedelpressen till världens mest använda valuta (amerikanska dollarn utgör 70-80% av alla världens transaktioner).

Thomas Jefferson sa en gång

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

Vi är mycket nära något mycket obehagligt.

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