Monday, 12 December 2016

Don't blame Capitalism for Underinvestment

Massive increase in state spending over the past 40+ years - as measured in relation to GDP - has resulted in less disposable income, less saving and as a consequence less investment in most 'Western' economies. The greater part of state spending is earmarked for miscellaneous free goodies, so-called 'social' services that are nothing else than consumption.

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