The welfare state destroys capital and productivity. Worse than that it destroys the will and self-worth of individuals.
Joel Bowman wrote a piece dealing with this issue and the clue-lessness of the deep thinkers:
Thousands of social media comments express shock and amazement that a place like London – so civilized, so “first world” – could descend into such chaos. But this is no chance event. England is a socialist state, like most mature, aging western nations. It is a toad in search of a tire…a “bug in search of a windshield,” as John Mauldin puts it. As such, it is a breeding ground for ne’re-do-wells, grifters, layabouts, leeches, social parasites and welfare recipients of all stripes. These individuals, guided by the blinding force of mob mentality, are simply doing what the state conditioned them to do: They are trying to get something for nothing. They are the violent sons begat of a violent institution. And they’re giving anarchists a bad name.
This same mentality exists in the US. It is merely a matter of time until we experience similar rioting, looting and senselessness. The entitlement mentality will not be extinguished merely because government runs out of money. Tribute will then be exacted from whomever is unfortunate enough to be nearby.
