Re: Finland's collapse
>>Quibble about semantics if you must. The point is: Finland's welfare state is not working. Even with sky-high taxes, Finland cannot afford their lavish social welfare system.
I expect the system to continue to break down. I expect other welfare states to follow.<<
<< Finland's economy grew at a rate of 3% in 2017 (the last year for which final confirmed figures are available). Government debt as a percentage of GDP fell for the second year running to 61.4% (compared to the rise in the US from 104.2% to 105.7%). Remind me again which country is living beyond its means. >>
There you go with those pesky facts again!
One thing rightists who preach Capitalism as a religion and Supply Side Economics as the Gospel can't get their heads around is how a "welfare state" can encourage and sustain dynamic free market economy.