Quote:
Originally Posted by peter12
So, with the coming demographic collapse, places like Finland are going to have to figure out some decent reforms for the welfare state when there are no young people around to pay for it.
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Yeah, I'm watching Northern Europe as an early warning signal of where our social welfare systems will be 10 years later. Nobody knows what will happen to public health care and the social safety net when there's one retired person for every three workers, instead of one retired person for every six workers (which was the ratio when these systems were set up). It's not clear whether we'll see a gradual ratcheting up of taxes along with cutting of services, or if the whole thing will just collapse.