Thursday, November 1, 2012

Marc Faber : Governments have made people dependent on government largess

Marc Faber : In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population.
Because of these “freebies,” people will go along with the government’s enlargement as a percent of the economy. The masses believe in their free lunch and because the business elite knows it can profit from the growth in government. ....- in Daily Reckoning

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