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> In the Philippines we have a culture where people give their resources to past generations rather than saving and investing for the future. That's exactly h
by joe_mamba 6mo ago
> In the Philippines we have a culture where people give their resources to past generations rather than saving and investing for the future.
That's exactly how the European welfare state works except it's the government managing it for everyone, instead of each individual family for their own like in Philippines.
>This cultural practice, which is not unique to the Philippines, leads to poverty which leads to low standards of living, crime, and lagging scientific achievement and innovation.
And the end result will be the same in EU like in Philippines except much delayed since the EU's stronger economy and mass migration allows it to keep borrowing like crazy and kick the can down the road but the house of cards will collapse regardless.