Since World War II, every country in Western Europe has been ruled for a time by socialists. These regimes put in place laws that ensured job security, a living wage, a shorter workweek than in the United States, generous unemployment benefits, early retirement, magnanimous pensions and state-subsidized health benefits.
To finance these maternal welfare states, European regimes take 40 percent or even 50 percent of the economy in taxes, as compared with a U.S. federal, state and local tax bite of 33 percent.
But with globalization, European companies and workers who fund these munificent benefits are finding themselves in neo-Darwinian competition for survival, not only with American, Japanese and East Europeans who work longer and harder, but Asians who work longer and harder for a fraction of their pay and few of their benefits.
European companies are being stretched and stressed, and some are breaking. The capitalist goose that laid the golden eggs for the Eurosocialists is aging, tiring and becoming ever more barren.
Having cut defense spending and consigned their security to the Americans, the European regimes, one after the other, are finding they no longer have the tax revenues rolling in to sustain the benefits they have promised right up unto death.
Moreover, thanks to Europe's abandonment of faith and family and embrace of La Dolce Vita and the culture of death, not a single European nation save Muslim Albania has a birth rate that will provide it with the children to sustain the welfare state. Arabs and Africans must come to work and take care of Europe in her dotage. The politicians of Europe promised more than the now-aging European populations can deliver.
What is coming is a time of continuous and constant cutbacks of benefits in every First World country. Public employees will have to work longer for less today and less tomorrow when they retire.
Except for those who can stay in the hunt in the Global Economy, the peoples of all Western nations will have to give up dreams of the good life and compete with the hungry young of the Second and Third Worlds. Their lives are going to be harder than their parents', and their retirements harsher.
Marching and protesting children aren't going to stop the future bearing down upon them. Because the good times are really over for good.
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