The NHS in the UK currently provides the worst access to healthcare in Europe, despite spending as a percentage of GDP levels akin to its neighbours; by comparison, South Korea consistently ranks as one of the best healthcare systems in the world. A comprehensive, single-payer health insurance system achieves this, harnessing the benefits of theContinue reading “Korean Healthcare”
Tag Archives: government
Prudent Portugal
Portugal has undergone significant economic changes over the past two decades, undergoing a sharp deficit reduction plan to cut the cumbersome waste within its public sector by reforming its fiscal policy, tax rates, and welfare systems. Portugal’s economic performance since has held strong, with solid GDP growth over the coming decade; while not without itsContinue reading “Prudent Portugal”
FDR’s New Deal Failure
The New Deal didn’t rescue the US economy from the depths of the Great Depression – World War 2 did. FDR’s spending programmes marked the start of the New Deal era that dominated the US until the 1970s. It would take a decade of stagflation to reverse the disastrous effects that the emergence of theContinue reading “FDR’s New Deal Failure”
Britain’s Decline: 1950-79
John Maynard Keynes revolutionised the Economics profession. Through developing the foundations for the New Keynesian consensus that occupies policymakers today. However, successive Labour and Conservative governments stuck religiously to the Keynesian demand-management model, neglecting the supply-side performance of the economy that continuously lagged behind its peers. Heavy government intervention, a key tenant of the originalContinue reading “Britain’s Decline: 1950-79”
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