“Five years of wage cuts, tax increases and record unemployment”: Greeks awaken to a New Normal of ever-higher taxes and slavery to pay for their welfare state

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Socialism is a curse that should be wished only on one’s enemies. Every society that embraces it will ultimately become sick and weak.

Greeks are now learning the lesson that years of socialized medicine, welfare, security entitlements and big government must be paid for. The Greek people mortgaged their children’s future a generation ago, and those children have now grown up to experience life under virtual slavery.

Greece, of course, is legendary for its past innovation, invention, arts and learning. But modern Greek industry has died, and Greek innovation has been choked off due to high taxation and regulation.

Greek indebtedness now threatens the European Union itself. The story is here.

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