Wednesday, September 14, 2011

The shrinking state

All I can say about this article is faster!!! I am glad Canada is at the forefront of the shrinking state.



Canada’s enviable shrinking of the power of the state

NEIL REYNOLDS | Columnist profile | E-mail
OTTAWA— From Wednesday's Globe and Mail
Published Tuesday, Sep. 13, 2011 6:40PM EDT
Last updated Wednesday, Sep. 14, 2011 6:22AM EDT
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Economist Vito Tanzi predicts the shrinking of the modern state, asserts that it has already begun and regards Canada as an early leader in the process. How far will it downsize? In a sense, Mr. Tanzi says, it could return to the roles it once played in the 18th and 19th centuries – “though in a modern version.” Government spending would be higher than in days of yore (when Sweden’s government, for example, spent 5 per cent of gross domestic product). But taxes would be much lower than they are now.

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