Surprised?"If you're asking if the United States is about to become a socialist state, I'd say it's actually about to become a European state, with the expansiveness of the welfare system and the progressive tax system like what we've already experienced in Western Europe," Ferguson told Monday's kickoff session. Grove says the Harvard prof offered "a withering critique of Obama's economic policies, which he claimed were encouraging laziness."
Ferguson continued: "The curse of longterm unemployment is that if you pay people to do nothing, they'll find themselves doing nothing for very long periods of time. Long-term unemployment is at an all-time high in the United States, and it is a direct consequence of a misconceived public policy. Can I say that, having grown up in a declining empire, I do not recommend it. It's just not a lot of fun actually -- decline."
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