Do not fear, I’m not the one who has a ready-made answer. And you will hardly find someone serious who really has. I fear that there is no patent remedy. But we can see many committees, initialized by politics, that produce mantra-like answers for us practically every day. Apparently, when they come from public bodies, universities or institutes, they always mirror the view of the administration. In many European countries – but not only here – this means creating ever more sophistication and bureaucracy. This way, nothing will become more easily understandable for the common man, but rather increasingly complicated theory. It’s not only China that put off a reform dilemma; most of the Western economies have to find a way out of similar murky settings.
As a matter of fact, in Europe its is only Finland, Denmark, Sweden and Luxemburg who don’t spend more as they dig for money from taxpayer’s pockets. All other national economies live on credit. This way, debts are growing continually and place heavy burdens on all of us, and on generation(s) after us. Possible solutions are spinning around in a vicious circle: how to get a social system that can generate almost fair provisions for everyone, and at the same time not be a variety of misunderstood socialism that kills nearly every individual initiative. Totalitarian social ideas have never been rendered useful in shaping a well-functioning economical system, as history tells us so far. Every decision for reform is a hard-to-understand measure on a razor-edge, and we haven’t the foggiest notion how these will serve us in the coming years.
