Stick a fork in socialism (welfare States) and the global economy. The fat lady has sung, and we await the collapse into a chaotic economic abyss of megadeath and destruction. Thank you welfare State! This is a great gift to humanity. It has only happened over and over again without fail since Mesopotamia 6000 B.C., yet humans continue to do the same exact social organization (tax and redistribute) over and over expecting a different outcome. That is the definition of INSANITY.


Yes very much[1]. This will be evident in 2016 when Germany's economy collapses.

[1]

https://bitcointalk.org/index.php?topic=877398.msg9707650#msg9707650 https://bitcointalk.org/index.php?topic=365141.msg9884798#msg9884798 http://suvysthoughts.blogspot.com/2014/08/europes-conundrum.html http://armstrongeconomics.com/2014/05/18/german-politicians-promise-unfunded-pensions-just-to-win/ http://armstrongeconomics.com/2013/08/22/the-european-debt-bomb-unbelievable/ http://armstrongeconomics.com/2014/10/14/will-2015-break-germany/ http://armstrongeconomics.com/2014/07/10/german-municipals-in-trouble/ http://armstrongeconomics.com/2014/05/12/german-municipalities-in-crisis/

The best welfare system does not employ coercion and allows a free market of individuals to help other individuals on their own free will. Once you need to use coercion (e.g. collective taxation), then you turn over control to corruption[1][2]. This is an IRON LAW that can't be avoided[2].

[2] https://bitcointalk.org/index.php?topic=365141.msg9939279#msg9939279


There is no resource scarcity[3]. The only scarcity is due to the corruption that impedes the free market (and rewards misallocation of priorities and motivation with debt and welfare).