Government “austerity” is a myth. They’re more bloated, indebted and suffocating of private sector dynamism than they were before 2008.
Tag Archives: Greece
Greece’s biggest problem is its anti-capitalist culture
An economic crisis can jolt a fundamentally pro-capitalist nation that briefly lost its way back onto the straight and narrow. But there is no guarantee of this when the culture has descended into infantile anti-capitalism, dysfunctional statism and an antagonism toward entrepreneurial dynamism and self-reliance. For these a crisis may just form part of a […]