The American left should take a lesson from Italian politics.
Over there, the populists are talking economic nonsense. Two populist parties are trying to form a government. The policies they are pushing would bankrupt an already insolvent country. There’s a lesson in this for America.
Cash for everyone is part of the Italian populist program: a guaranteed basic income of $960 a month. Italy does not have that kind of money. A hand-out of that magnitude would require a lot more borrowing. Italy already has the third-largest debt in the world.Listen up America’s Democrats: your party is edging towards the same, […]
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