The Role of Social Democracy
By George Bragues
This article appeared in the Winter 2011/12 issue of The Independent Review.
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.
George Bragues is professor and program head of business at the University of Guelph-Humber in Toronto.
Defense and Foreign PolicyDemocracyEconomyEntitlements and WelfareInternational Economics and DevelopmentLatin AmericaPhilosophy and Religion
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|Fall 2009||You and the State: A Fairly Brief Introduction to Political Philosophy|
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