The Soviets, the Nazis, the Khmer Rouge — these totalitarian regimes would have failed even without any intervention from geopolitical rivals. The socialist systems would have been conquered not by standing armies, but by economics.
The psychological impact of a lifetime within a fiat money economy cannot be underestimated. With more wealth seemingly available at the click of a computer button, refusal to spend more on government programs must stem only from cruelty and greed.
Stephen Denning, author of The Age Of Agile , explains how entrepreneurs can exercise the "Agile" mindset, and offers insight into how Austrian principles inform the latest generation of business strategies for the digital age.
In a sense, it is hardly surprising that so little attention has been paid to scandals within universal healthcare systems given the histories of underperformance, scandal, and perpetual crisis associated with many such systems.