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by amai
524 days ago
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If bad economy leads to better social welfare programs than we need more "bad economy". It seems to be good for the people. It is strange that sometimes it is forgotten that economic growth as an indicator only makes sense if at the same time it improves life of the people. Economic growth can also be decoupled from people wellbeing, which happens easily if one doesn't fight against inequality and monopolies in capitalistic societies. |
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Let me give you an example. Regular workers in Germany pay for health insurance - people on welfare don't. It's paid for by the government. The government raised welfare payments and promised the insurance companies that they'd cover the costs of insurance for those on welfare. The government then said "Well, we'll pay amount x" but amount x is not enough. The insurance companies now need money so they've raised the rates for every working person to make up for this.