Thursday, August 11, 2011

UK Riots or the end of the welfare state?

At first I didn't pay much attention to the UK riots, police kill some poor minority and people start flipping out - it happens. But as I've read more about it there's clearly a lot more going on. This article paints a pretty bleak picture of the situation there:

Although I don't agree with everything this guy writes I do think he brings up a valid point - the welfare state breeds an underclass. Because of globalization for a certain percentage of the population education and work no longer makes sense, if they can earn a middle class income (by world standards) then that's what they're going to do. No advanced economy has figured out how to solve this problem, I get the feeling this is just the beginning.

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