Sorry, due to my error the link on this story was left off. I am deleting the original and reposting with the link for the benefit of subscribers. I apologize for the error.
By Barry Rubin
The current political crisis in Europe, and in America as well, is not at all hard to understand. Think of it like this: society is not infinitely malleable. If you pull a rubber band far enough it is either going to snap back or it will break.
Western democracies have worked very well for 60 years now. They have been remarkably prosperous; remarkably peaceful. They defeated the Communist challenge. In a sense they—and I include the United States here—are victim of this very success.
Out of rational self-interest, the realities of electoral politics, and a strong sense—misguided or otherwise—the welfare state and the payment of entitlements have been expanding.
You can—as my grandmother used to say—throw around money like a drunken sailor until you run out of money.
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The self-imposed burdens have reached, and exceeded, the limit of what these societies could finance. This problem has been highlighted, of course, by an economic recession but it is not the product of that business contraction.
Things have been made worse by the fact that most governments in power have tried to apply the very old policies that were making the societies ill in the first place. The situation is akin to the medical practice of centuries ago in which an already sickly patient was bled further by the application of leeches. Death often followed.
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