Monday, May 27, 2013

Will we have riots like Sweden?

We could, although it is not likely.  Sweden has taken pride in its liberal welfare policy, providing modern housing, cradle to grave health care and other financial benefits to the needy, especially immigrants.  However, most of the immigrants have refused to accept Swedish culture.  Religion has played a part, also.

When I say we can avoid riots, I do not mean it is certain that we won't have troubles, not as long as we have a large part of our population depending on a variety of welfare programs.  The danger is wrapped up in the word "entitlements."  Some people act as if they are entitled to the fruits of another person's work.

Everyone has the right to life and liberty and the right to pursue happiness but no guarantee they will catch it.
None of these comments are original with me but I subscribe to them all.

There is no such thing as a free lunch.  Some one has to produce or there is nothing to share. There is no  such thing as the "right" to anything produced by another person.  Both parties must benefit  or no voluntary exchange can take place. 

That's about all the economics we need to know.

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