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Wall Street Journal Opinion Page May 25, 2012 No, You Can’t Spend Yourself Rich in the Real World

Wall Street Journal Opinion Page May 25, 2012

No, You Can’t Spend Yourself Rich in the Real World

by: Geoff Ficke

François Hollande and his and Mr. Swoboda’s suggested policies aren’t drivers of growth but of accelerating decline. Note the increasing numbers of the French producing class fleeing the country for England.

The economic template that would serve the EU well is on display in the center of the continent. Switzerland and Germany revere hard work, thrift, excellence in their products and not spending what they do not have. Even a former welfare queen like Sweden has reformed and unbridled its economy from the self-imposed shackles of socialist policies, and growth is accelerating there. The Swedes and Swiss were smart enough to stay out of the EU.

Mr. Swoboda is salivating for more of exactly what hasn’t worked and will never work. For almost 100 years varying styles of utopian socialist policies have been thrust on populations around the world. From Romania to Cuba to Zimbabwe they have only led to everyone, except the ruling class, being poor together.