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March 01 2010

papadimitriou

STEYN: Our own Greek tragedy - Washington Times

www.washingtontimes.com

Shared by papadimitriou
Brilliant. Really brilliant.


"What's happening in the developed world today isn't so very hard to understand: The 20th century Bismarckian welfare state has run out of people to stick it to.

[...]

In Europe, they've reached the next stage in social democratic evolution: There are no kids or grandkids to screw over.

[...]

So you can't borrow against the future because, in...