American decline
Weapon sales at record highs, credit card debt soaring through the roof, and drug addiction breaking records: The USA is grappling with seven crises threatening the country. The political dominance of a figure like Trump is not the cause of America’s problems, but rather its symptom. His angry, uncompromising, and erratic political existence, which sometimes […]
Read moreMore English councils face bankruptcy, leaders warn, as deficits reach £4bn
Every second English municipality is expecting its own bankruptcy. Three British cities are already bankrupt – many could follow. According to a survey, many local authorities consider their finances to be disastrous. The consequences for citizens: tax increases and cut services. Pircute from Elliott Brown via Flickr Many cities and municipalities are now responding to […]
Read moreWhy the Worst Get on Top: Corruption in Democracies
In “The Road to Serfdom”, Friedrich Hayek argues that leaders who dominate totalitarian regimes are willing to “do what it takes” to rule, with rent-seeking competition for leadership positions resulting in the worst contestant winning. Democratic regimes, with less power at the center and fewer functions under state control, tend to offer smaller “prizes” to […]
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