Private Companies Will Finance the Welfare State

Source: Foundation for Economic Education
by Wojciech Wyszomierski

“Since the start of the 21st century, Poland has seemed like a textbook example of sustainable development. The break from a centrally planned economy in the late 1980s, the opening of the market, and relatively low labor costs attracted substantial foreign capital. GDP began to grow rapidly, and for the first time, money appeared in Poles’ pockets. While Western Europe focused on developing the welfare state, Poland consistently reinvested its earnings …. While in 1990, Poland’s GDP per capita did not exceed $2,000, 20 years later it had risen to over $12,000. However, not everyone was pleased with this. Poorer residents, bombarded with reports of an improving economic situation, began to voice their belief more and more boldly that they were entitled to a slice of the state’s pie.” (10/06/26)

https://fee.org/articles/private-companies-will-finance-the-welfare-state/