George Melloan: A Political Solution for the Euro? - WSJ.com
You are right, the blame should be on the free-lunch, entitlement crowd made up of unions (particularly public employee unions) and liberals who want to equalize outcomes vs. any equalization of opportunity.
People wonder why there is such an increase in what is called the 'wage gap'. They don't realize at which set of feet it should be laid - i.e. at the feet of those who constrain opportunity in order to assure outcomes.
The greater the opportunity cost to hire an employee or to start a business, the greater the return and, at least nominal, reward will be necessary. Of course liberals discount this, but it should be staring them in the face.
Luckily liberals and unionists, like those with a strong religious faith, easily ignore the logical outcomes of their policies and hold to a faith that something different can and will happen eventually in the future.
Sadly for liberals, people actually like to be fairly compensated for their work and savings and they don't like it when those who barely if at all produce anything demand too great a tithe to be handed over to non-producers.
Does a member of a union or an employee of these European government owned enterprises imagine they are giving back to society what they are taking. Abjure the thought - otherwise, they'd survive in a truly competitive environment.
By looking around, those with an open mind to basic economics can easily fathom the answer and outcome of these policies. For those in liberal denial, no evidence will convince them that their faith is misplaced. Seems like a recurring and very old story.
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