From the creation of the modern welfare state under Chancellor - TopicsExpress

From the creation of the modern welfare state under Chancellor Otto von Bismark in 1870s Prussia, to the current struggle in a post-GFC world, income support payments have been used to keep the less fortunate on the side of political elite. We only have to look to the austerity policies implemented in Southern Europe to see the type of unrest that can be avoided by a little spending on social services. While those economies across the Mediterranean were nothing to be emulated before the crisis, they’re certainly examples to be learned from when considering welfare retrenchment. Excellent article!

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