Portugal’s Plight: The Role of Social Democracy
By George Bragues
This article appeared in the Winter 2012 issue of The Independent Review


Portugal’s fiscal crisis is the culmination of unsustainable social-welfare policies the country has pursued since its 1974 revolution. Portugal is in worse condition than other social democracies because it expanded its welfare state relatively quickly despite having little capital accumulation from which to fund it.

Other Independent Review articles by George Bragues
    Fall 2009   You and the State: A Fairly Brief Introduction to Political Philosophy
    Fall 2004   The Market for Philosophers: An Interpretation of Lucian’s Satire on Philosophy

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