"The state is now bloated to an almost unprecedented degree. Taxes are the highest since the 1940s, government spending at the
highest sustained level since the 1950s. Regulation (in the 1990s we were called a light-touch society) has spiralled, compliance costs have escalated and state intervention in the energy market (due to net zero) has proliferated....[Moi ici: Em 2001] Debt was 30 per cent of GDP. [Moi ici: Agora ronda os 96%] The top income tax rate was 40p. The triple lock didn't exist. Welfare was under control. So were our borders. You may say that this was before the financial crisis, when growth stagnated. But here's my explanation for the UK "productivity puzzle": we responded to the credit crunch with higher deficits, higher benefits and the micromanaging of people's lives - indeed, even the central bank got in on the act, juicing the economy with oodles of printed money....An economy is an organic system that benefits from a tad of self-reliance. If you shield muscles too much, they atrophy. If you shield bones, they're blighted by osteoporosis. Likewise, if the state responds to any difficulty with stimulus, printed money and more, you never clear out the dead wood, zombie companies proliferate (in 2016, 12 per cent of UK firms were "alive" only because of artificially cheap credit) and the expectation that the government will always offer support becomes part of the ambient psychology. The state now subsidises ten million people of working age and in the coming months you will - mark my words - start hearing plans for government-provided Ozempic for all, to combat obesity, coming on top of pervasive interference in free speech, non-crime hate incidents and more.What I find strange about today is how difficult it is to convince people that we have been part of a gigantic experiment in statism because it has occurred seemingly without anyone noticing."
A Europa Ocidental está toda ela enredada nesta desgraça, neste modelo socialista.
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