Obviously not every country has to follow either free market or end up like Cuba
You forget that Cuba has had to work with a heinous embargo imposed upon them for decades. And that it does much much better, society wise, than the devastation, poverty, drug cartel rule, and foreign intervention that goes on in other Latin American countries, of not "socialist" persuasion.
when a society decides to indulge in welfare and collectivism, it almost never goes back and ends up going bankrupt and ruining everyone.
I'm not sure about that "clear trend". The US has a huge national debt, people living in the streets, 30 million people eating in public kitchens or with coupons, and 2 million people in jail? I've also been to Mississippi, Alabama and South Dakota among other states. There are places that are worse than third world areas. If it wasn't for the dollar imposed as a worldwide exchange metric from better times, the ability of the state to print inflated money, and the country's diplomatic might, anyone would call the country a failure.
I do not know how familiar you are with the current situation in Europe, but over the past 30 years you could see the trend of massive public debt (fueled by government intervention in all aspects of private life) growing and growing over time. And now you get Greece, Italy, Portugal, Spain, close to bankrupcy. Hardly a coincidence.
Hardly NOT a coincidence. Countries on the top echelons of the European and world economy have had (and still have) far more extended welfare than Greece, Italy, Portugal, Spain. Think Sweden, Denmark, Holland, etc. This has nothing to do with welfare, and a lot to do with corrupted government spending (a la Latin America), bribes to give overpaid state contracts to specific companies, bureaucracy etc. Plus, Germany controlling the Euro fiscal policy in a way benefiting the top-tier economies, to the detriment of smaller countries.
In fact, if you confuse welfare state with the near bankruptcy of those countries, how is the opposite working for, say, California?
You forget that Cuba has had to work with a heinous embargo imposed upon them for decades. And that it does much much better, society wise, than the devastation, poverty, drug cartel rule, and foreign intervention that goes on in other Latin American countries, of not "socialist" persuasion.
when a society decides to indulge in welfare and collectivism, it almost never goes back and ends up going bankrupt and ruining everyone.
I'm not sure about that "clear trend". The US has a huge national debt, people living in the streets, 30 million people eating in public kitchens or with coupons, and 2 million people in jail? I've also been to Mississippi, Alabama and South Dakota among other states. There are places that are worse than third world areas. If it wasn't for the dollar imposed as a worldwide exchange metric from better times, the ability of the state to print inflated money, and the country's diplomatic might, anyone would call the country a failure.
I do not know how familiar you are with the current situation in Europe, but over the past 30 years you could see the trend of massive public debt (fueled by government intervention in all aspects of private life) growing and growing over time. And now you get Greece, Italy, Portugal, Spain, close to bankrupcy. Hardly a coincidence.
Hardly NOT a coincidence. Countries on the top echelons of the European and world economy have had (and still have) far more extended welfare than Greece, Italy, Portugal, Spain. Think Sweden, Denmark, Holland, etc. This has nothing to do with welfare, and a lot to do with corrupted government spending (a la Latin America), bribes to give overpaid state contracts to specific companies, bureaucracy etc. Plus, Germany controlling the Euro fiscal policy in a way benefiting the top-tier economies, to the detriment of smaller countries.
In fact, if you confuse welfare state with the near bankruptcy of those countries, how is the opposite working for, say, California?