How A Country Dies - Monty Pelerin's World : Monty Pelerin's World
Posted by UncommonSense 10 years, 8 months ago to Economics
Well, it certainly seems this is the way we're headed. The question is, how many other countries are in the same or nearly the same situation? Remember, the moronic Global Elites have infected all the countries. Some more than others. But they haven't infected the moon, or Mars yet. I guess there's still hope. Now if I can only get my family and I off the planet...
Sorry to say, that their binding "social contract" which no one has ever seen will try to follow you, where ever you go.
I would agree that another small country could turn quickly and create the vacuum that will draw off the creative talent, but it's tough to believe any that are out there now would without a coup. It's the reason she invented Galt's Gulch to begin with.
The above scenario would probably fit into a picture of people sitting around in a futuristic fantasy world with embedded electronic devices. Inflation will get out of control while higher and higher taxes are required to fund ever expanding entitlements. The decline will be exacerbated by poverty, cultural decay, loss of borders and language degeneration.
Magic Dog
"All great democracies have committed financial suicide somewhere between 200 and 250 years after being founded. The reason? The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.
"The United States officially became a Republic in 1776, 238 years ago. The number of people now getting free stuff outnumbers the people paying for the free stuff."