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Industrial Poverty: Yesterday Sweden, Today Europe, Tomorrow America

Sven R. Larson




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 |  2016-05-23 |  2016-05-23 | File type: PDF

|| |'Larson's book shows that the United States will have a very grim fiscal future if lawmakers don't reform entitlements and avoid the mistakes of Europe's failed welfare states.' Dan Mitchell, Cato Institute, USA'Dr Larson's book title should send a chill up th

Conventional wisdom says that Europe’s crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. The crisis, says Larson, is in fact a welfare-state crisis. Over decades, government has grown too big for the private sector to pay for; when the recession hit in 2008 most European economies could no longer bear the burde...

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