European Socialism is failing as socialism always does, as I have explained time and time again. It doesn’t work because all statist governments are negative, not positive. Greece is the start of what will be a world economic crisis that will dwarf what we have now unless they pull some miracle out of a hat. This is what you get when you believe in the fairy tales that politicians tell you. They try to bribe you with your own money until it runs out, then you’re left holding the bag.
Even the NY Times is saying Greece’s only salvation is in “privatizing Health Care and Laying Off Thousands Of Unneeded Government Workers.” BTW: that applies to the US and anywhere else as well. (Hi there, UK!) The trillion dollars they are pumping into the system in Europe will only stave off the inevitable. Eventually they will run out of money and be worse off that before.
Europe has a lot of problems to solve, but in the US ours are simpler. We need to kick out every statist Democrat and Republicans and steer the ship of state back to a more limited, fiscally sane government before we hit the proverbial iceberg. This is not a joke.
So far, from what seems to be happening out there in the political landscape, the people are waking up. No wonder Obama is bitching about iPads and New Media.
UPDATE: In case you’re thinking I’m wrong, the European president agrees with my assessment.
EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can’t speed up economic growth, forecast to expand by just 1 percent this year.
“With 1 percent growth we can’t finance our social model any more. With 1 percent structural growth we can’t play a role in the world,” he told the World Economic Forum in Brussels. “We need to double the economic growth potential that we now have.”
In other words, the only way such socialism can “work” is if the economy keeps growing and only capitalism does that. The more socialist an economy becomes, the more it stagnates because socialism is counter to human nature and cannot work in the long run.
This really puts it in perspective as far as the US is concerned.