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They have had some serious economic stagnation problems for more than a decade now that were and are increasingly spreading their resources ever thinner. Their
by adventured 7y ago
They have had some serious economic stagnation problems for more than a decade now that were and are increasingly spreading their resources ever thinner. Their welfare state isn't working because they're eroding per capita economically.
Zero net economic growth for 13 years (16 years with any inflation included) while adding six million new people (10% population expansion). GDP in 2006 of $2.7 trillion; GDP of $2.7 trillion in 2019. That's a recipe for disaster as each person starts seeing their slice of welfare state pie shrink. Maybe they could hike taxes further to compensate some. Eventually you have to generate economic growth to go with the population expansion, or else the population will begin to react badly.