generous social-welfare state

topic posted Tue, October 24, 2006 - 11:49 PM by  Steven
There is an article in this month's Scientific American that shows how social-welfare states are doing well ahead of capitialist states like US in the World economy.

It says in summary, "Von Hayek was wrong. In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness."

www.sciam.com/article.cfm
Are higher taxes and strong social "safety nets" antagonistic to a prosperous market economy? The evidence is now in...
posted by:
Steven
Salt Lake City