Even for those who want states to provide certain amenities, many modern states are far, far greater in size and scope that what is even necessary to provide those amenities in the first place. Unfortunately, the primary effect of bigness in these states is to enhance the power of the state and limit the ability of citizens to escape the state's taxes and impoverishing regulations.
The problem is not insufficient wages.The problem is fractional reserve lending coupled with a Fed hell-bent on creating inflation in a technologically deflationary world. Misguided minimum wages hikes, public unions, and political corruption all exacerbate the problem.
Beppe Grillo, the leader of Italy’s eurosceptic Five Star Movement was humiliated when he was blocked from joining the European Parliament’s pro-EU liberal group, just one day after Grillo burned bridges with Nigel Farrage's UKIP, demonstrating what Farage would later call a wish to join the "Euro-fanatic establishment." As a result of today's fiasco, Grillo's political fate is suddenly in question.
There are reasons to believe that 2017 will be the year when tensions in the Old Continent are reduced. The Russian Foreign Ministry has just confirmed this view in a statement. But Poland seems to be marching out of step.The JASSM-ER deal is a highly provocative step towards Russia undermining the security of Europe and positioning Poland at the frontline of the arms race.
As of today, the experiment in "basic income" has officially begun, after Finland became the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros ($587), in a "unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment."
Most world markets have reopened following the holiday weekend, but trading volumes remain significantly muted. Asian and European shares advance modestly amid low volumes with U.K. and Ireland closed; S&P futures are little changed while the dollar rose and oil extended its longest winning streak in four months.
With Facebook rolling out new Soros-sponsored features designed to tackle the spread of 'fake news' across America, we thought it worth looking at just how trusted (or not) the media are around the rest of the world...
While prosecuting and sanctioning people who criticize Islam is becoming more common in Europe, this practice used to be reserved only for Muslim countries officially governed by sharia law, such as Saudi Arabia or Pakistan, where it is forbidden to insult Islam. It is a pity that European courts and other state bodies have begun taking their cues from Islamic law.