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I see a lot of these Austrolibertarian capitalists out here praising how wonderful it is that we have modern medicine and life extension. Why? To me, it's absolutely disgusting. The whole reason people want government handing out healthcare is that these technologies allow the weak and frail to continue...
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Before this thread, goes off on tangents, that will answer the OP post, but probably serve to confuse the discussion generally. I will attempt to answer, for the op, you're friend, might prescribe to socialism, that is leaning more toward communism, that advocates workers rights, state owned enterprises...
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http://en.wikipedia.org/wiki/Welfare_state Effects on poverty section Poverty rate has dropped a lot after the introduction of welfare state.
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How are capital goods gradually diminished in social democracies(Europe)? Economic theory says that continual saving is needed to maintain capital goods. Yet, I cannot see any reason that central planners cannot just hire somebody to fix the machines and the factories, etc. The statement about continual...
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I have been a libertarian for 2 years now and am fond of debating with interventionists and socialists on youtube. Now if there is one thing common among them is that they love to point out European Social Democracy, as in Nordic Welfare States, as the perfect system to have. I live in the Philippines...