European Health Care: Economic Malpractice

Any reasonable person does not take satisfaction in the failure and destruction of another.  This is especially true when the other is innocent of any wrongdoing or lack of judgment. Yet sometimes, epic failure can constructively serve as an example of what not to do.  If the individual states of our nation are a laboratory of democracy, then the states of Europe are the laboratory of socialism.  What we are witness to in Greece, and eventually in Spain, Italy, and possibly France, is the painful death of the welfare state.  Credit markets are locking up all over the continent; meanwhile, trillions have been pumped into their banks in an effort to keep them afloat.  But their situation is so bad that they cannot even take the risk of making business loans.  Employment is shrinking, and tax revenues are falling.  Internally, the socialist cash-machine is running empty as other people's money dries up.  It is all happening just as reader of...(Read Full Article)