The Poisoned Fruit of Social Democracy

It is difficult not to notice that most of the financial, economic and societal problems making headlines in the world today are centered in Europe and the United States.  The reality is that the "West" has finally reached the point of saturation wherein its economies and societies can no longer afford to guarantee a certain standard of living for the citizens of these countries in exchange for votes.  These nations have two factors in common: 1) they are all either confirmed to be or determined (as in the case of the United States) to become socialist democracies; and 2) they have evolved into overwhelmingly consumption-based societies, greatly diminishing their goods-producing sector (which generates the real wealth of a nation), thus eroding their job-creation ability as well as the nation's wealth and tax base.  Yet the governments of all these countries continue to deficit spend, over-tax (chasing wealth and job-creation off-shore) and borrow in an effort to...(Read Full Article)