The Welfare State’s Death Spiral

Robert Samuelson Real Clear Politics 5/10/2010

WASHINGTON — What we’re seeing in Greece is the death spiral of the welfare state. This isn’t Greece’s problem alone, and that’s why its crisis has rattled global stock markets and threatens economic recovery. Virtually every advanced nation, including the United States, faces the same prospect. Aging populations have […]

Greece and the welfare state in ruins

By Robert J. Samuelson Washington Post February 22, 2010

It would be possible in other circumstances to disregard the ongoing story of Greece and its debts as a tedious tale of financial markets. But there’s much more to it than that. What’s happening in Greece speaks to two larger issues affecting hundreds of millions […]