public spending
Reports on public spending See all →
Freedom besieged
Even before Covid-19 struck, many governments had dangerously high debt levels. Now that they have been given a new excuse to spend, the public sector is becoming even more bloated. Such a strategy will prove unsustainable in the long run, and inflation will inevitably appear. But meanwhile, states keep on expanding their influence, wielding more and more power over citizens
The political economy of crony socialism
When governments and critical financial institutions rig the system to facilitate irresponsible public spending, trouble is inevitable. Today’s crony socialism, masquerading as capitalism, is at the root of the crisis unleashed by the anti-coronavirus measures. Unfortunately, panicked citizens perceive the government as a part of the solution, not the problem.
Business strategies are needed for the rough economic stretch ahead
Governments and supranational organizations that weakened the economy’s resilience with overspending, accumulating debt and arbitrary taxation before the pandemic are now doing more damage. They have resorted to scare tactics to expand their control under the pretext of responding to the downturn brought on by lockdowns. The short- and mid-term ...
Policy cures worse than the disease
Governments first failed to respond to the COVID-19 pandemic. When they finally realized the scope of the challenge, most resorted to misguided, self-serving and often disastrous policy responses. Their push for centralization and control of economies, companies and ultimately, individuals, bodes ill for the future.
Sound business is key, not centralist ambitions
French President Emmanuel Macron’s call for more “solidarity” among eurozone states may have a nice ring in today’s harsh pandemic times. It is, however, a disguised attempt to make the enterprising and frugal European states pick up the tab for the irresponsible ones. Instead of a “transfer union,” France and ...
