A Dutch Cure for the Dutch Disease

When a European country reverses course to reduce welfare dependency and restore work incentives, it is worth noting. That is especially true when the country is the Netherlands, which built one of the world’s most expansive welfare states in the 1960’s and 1970’s.

STANFORD – Far too few governments rein in their countries’ bloated welfare states before disaster strikes. As a result, some citizens eventually suffer the economic equivalent of a heart attack: wrenching declines in living standards as they are victimized by unsustainable programs’ endgame. Greece and the city of Detroit are only the most recent grim examples.