Debt, Democracy and the Welfare State Are Modern Democracies Living on Borrowed Time and Money?
Author(s): R. Hannesson
Publisher: Palgrave Pivot
ISBN: 9781137531995
Edition:
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Description
Description
Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for economic growth for fear of losing their electorate?
