- Peter Francis Fenwick
The Emperor's New Clothes
Throughout the Western World, the Welfare State has been exposed as economically unsustainable.
The regulatory and coercive powers of the State have been captured by sectional interests for their own economic benefit.
The state has become pervasive in our lives.
We have lost the belief that we can do things ourselves.
We live with the peculiar notion that if we cannot afford some desired service, it should be provided by the government.
Government spending expands as everyone seeks funding for their every wish.
The consequences are unmanageable debt, unsound money, poor investment decisions, and unfair burdens on the productive, the thrifty and the young.
No amount of tinkering at the edges will solve this problem.
The flaws are fundamental and systemic.
It is time we admitted that the emperor has no clothes.
More. Read The Fragiity of Freedom: Why Subsidiarity Matters.