Want Daily SOF News Articles and Job Listings Delivered to Your Inbox?
In global life-death struggle, democracy changes courseĀ | VOA News

In global life-death struggle, democracy changes courseĀ | VOA News

Outside wartime nothing like it as ever been seen before in modern Western history. The lockdowns by democratic states with their draconian constraints on civil liberties and private enterprise fly in the face of an historical progression thatā€™s seen the size and roles of governments shrunk and individual liberty boosted.Ā The size and scope of the stateā€™s role in the economy prompted by the coronavirus dwarfs anything mounted to handle the 2008 financial crash. Britain, France and other European countries have offered so far loans and subsidies worth around 15% of their GDPs. Americaā€™s stimulus package is at around 10% of GDP.Ā The U.S. fiscal stimulus package was dubbed by Larry Kudlow, President Donald Trumpā€™s economic adviser, ā€œthe single largest Main Street assistance program in the history of the United States.ā€

Source: https://www.voanews.com/science-health/coronavirus-outbreak/global-life-death-struggle-democracy-changes-course

%d bloggers like this: