Portugals 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.
Portugals Plight
The Role of Social Democracy
By George Bragues
This
article
appeared in
the Winter 2011/12 issue of The Independent Review.
Defense and Foreign PolicyDemocracyEconomyEntitlements and WelfareInternational Economics and DevelopmentLatin AmericaPhilosophy and Religion
Other Independent Review articles by George Bragues | ||
Fall 2020 | Herbert Spencers Principle of Equal Freedom: Is It Well Grounded? | |
Summer 2020 | Science and the Good:The Tragic Quest for the Foundations of Morality | |
Fall 2009 | You and the State:A Fairly Brief Introduction to Political Philosophy | |
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