The European Disease

Economic anxiety is a product of the welfare state.

The editors of The Wall Street Journal give us their take on the current economic condition of Old Europe and the diagnosis is not a good one. The Europeans have attached the ball and chain of welfare state socialism to their country's economies and have thus diminished their growth rate as well as the creation of new jobs. Once more we see real world evidence that The Great Socialist Utopia can never be achieved in the real world. And we also see that some people never learn from their mistakes or from the evidence of their senses. Remarkably there are still people both in America and Europe who advocate for these irrational policies. But at least here in America the voters have realized that socialism is a mirage which can never result in anything other than economic stagnation and decline. And that is why Democrats, who are the prime sponsors of the European version of economic organization, have been voted from power by the American public.