Many people regard the welfare state as a great achievement. Yet few recognize that the larger the welfare state becomes, the more the beneficiaries themselves must bear the costs. The beneficiaries must pay for what they receive, and they also bear the administrative expenses and must pay for the rent-seeking of special interest groups that…
The modern social justice movement works towards the disintegration of society. It is not a movement to achieve its declared aims, which is impossible, but to destroy.
To get out of the middle-income trap, the country must change from the imitative economy to an innovative economy. Instead of a top-down transformation, the economy needs to blossom from below.