In the progressive/New Deal utopia, we are all wards of the state. Clever technocrats use the coercive power of the state to put all of us into government-run savings and insurance programs. Brad DeLong and others who believe in the technocratic, welfare-state utopia will point to Europe as an example for the U.S. to follow. However, Europe is in demographic decline . Even the clever technocrats lack a plan for dealing with the pending surge in the ratio of pensioners to workers. The work ethic in Europe is slowly melting away. Among young people, the unemployment rate reaches 20% in several countries . There is something rotten in Denmark , and indeed in the entire concept of the technocratically-run welfare state.
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