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"The State Does Not Create Wealth; It Consumes It": Europe's Socialist Model Hits The Wall

"The State Does Not Create Wealth; It Consumes It": Europe's Socialist Model Hits The Wall Authored by Daniel Lacalle via dlacalle.com, Decades of bloated government, entitlements, subsidies, and mass migration have destroyed Europe's competitiveness and growth, all paid for with ever-rising taxes and more debt. They have also created enormous social discontent. Taxpayers are exhausted, and the recipients of subsidies are looting and vandalizing the streets. The flames in French cities are the bill that is arriving. On Saturday 17 October, France burned again. What began as marches against the cost of...
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