All around the world, politicians are realising that they can’t afford welfare programs. But none have the courage to cut anything. So, what happens next?
It doesn’t matter who is in government, what their ideology is or what they promise during the election. When the money runs out, it’s a matter of maths.
Socialism is running out of other people’s money at last. But what happens to a democracy that cannot throw around taxpayer’s cash? People lose faith in it.