Bigger Government: The Future of Government Expenditure in Advanced Economies

ebook
Marc Robinson Taal: Engels

ebook EPUB

€ 12,99

Dit artikel kun je momenteel niet via de website bestellen. Mogelijk is het wel op voorraad bij een van de aangesloten boekhandels.

Advanced nations are headed for a new era of big government, with government expenditure set to increase enormously over the next three decades. In all advanced economies, health spending will be driven irresistibly upward by the costs of precision medicine and other new technologies, as well as the need to repair weaknesses highlighted by the coronavirus pandemic. Governments will also be compelled to spend big on fighting global warming, fixing ailing infrastructure and providing adequate aged care for a rapidly graying population. The combined effect of these and other spending pressures threatens to drive budget deficits and government debt through the roof. Substantial tax increases will be necessary, most of all in the low-tax United States. Pruning welfare spending will also be high on the policy agenda in countries with the most comprehensive welfare states. Printing money – as proposed by advocates of modern monetary theory – is not a solution, but a sure route to disaster. Faced with this reality, the political right must abandon pipedreams of smaller government. The left, on the other hand, needs to recognize that there is no room or need for costly projects like a universal basic income. Mankind is not facing the threat of mass technological unemployment, and government spending needs to be focused on addressing real problems rather than imaginary ones.

REVIEWS:

"This deeply-researched and brilliantly-argued book is an honest, clear-minded assessment of the fiscal future that awaits advanced countries in response to changes in healthcare, income support, infrastructure deficits and other powerful drivers of public spending. Robinson's mastery of program details and socioeconomic trends makes this study essential reading for national leaders and public finance specialists."

Allen Schick, Senior Fellow, Brookings Institution and Professor Emeritus, School of Public Policy, University of Maryland

"This book is a wake-up call for policymakers who need to think early and proactively how to contain and finance these escalating costs .... In my view, a must-read!"

Teresa Ter-Minassian, Director, Fiscal Affairs Department, International Monetary Fund (2001-2008)

more reviews at the book website....

ISBN
9782970140115
Vorm
ebook EPUB
Uitgever
?Arolla Press
Verschenen
13-07-2020
Taal
Engels
Genre
Mediadragers
Geen recensies beschikbaar.
pro-mbookslibr2 : libris