Something from Dan Mitchell to cheer you up

The western world’s most depressing graph.

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17 Responses to Something from Dan Mitchell to cheer you up

  1. Tel says:

    Social spending = Socialist spending.

  2. struth says:

    It’s also interesting to note that the choice of Mussie invaders tends to be which countries.?

    Except Britain, as the odd one out, as they still want to get to when they are in France now.
    Because France has already been conquered.

  3. Trax says:

    I see the front runner in the 1920’s and 1930’s had great results.

  4. Entropy says:

    Does Australia include state and territory government spending? Cause it seems comparatively low.

  5. Chester Draws says:

    This one doesn’t bother me so much. This is money *returning* to citizens. In particular pensions going to former taxpayers is really their money (and I’m picking pensions is a huge part of that increase as people are living longer). Unemployment paid to a former taxpayer is also their money.

    In NZs case I presume it includes ACC, which other countries would still pay as insurance, but privately (it doesn’t just disappear).

    What bothers me is the vast sums spent by governments that is not returned to citizens.

    Moreover some of it is structural and inevitable. As we move to service economies we have more people in services! The government’s bill therefore goes up, even if it keeps the same percentage of the service economy, as people move out of production.

    We could greatly decrease the percentage by moving everyone back to small farms and industry. And get rid of pensions so we work till we die. Of course it would destroy our economy and make us miserable, but at least the line on the pretty chart would be moving down! Some “wins” are actually losses.

  6. Roger says:

    There are two sides to this:

    Destroy the family as the basic unit of society and the state will have to step in to take up the slack.

  7. Pickles says:

    So the world has had increasing socialism since the 20s. Has it worked or is it too early to tell?

  8. Baa Humbug says:

    They all took off after the great depression, which proves………..
    Once you start handing it out, there is no getting it back.
    We’re fvcked.

  9. stackja says:

    All this spending has achieved what?

  10. rickw says:

    The chart for Australia and New Zealand’s standard of living would be pretty much the exact opposite. 1st and 2nd in the world in 1900 and now 16th or lower.

  11. Ƶĩppʯ (ȊꞪꞨV) says:

    public spending should be constitutionally limited to 10% of GDP

  12. Malcolm Thomas says:

    It makes total sense
    The areas covered by ‘social spending’ are luxury goods in an economic sense.
    Their share of GDP definitely SHOULD rise significantly over time.

  13. BoyfromTottenham says:

    This graph is not all bad news – if you look closely, there are several countries (NZ, Sweden, Germany, Netherlands, US, Canada) where social spending as a % of GDP over the past 30 or so years is static or falling, unlike others like France, Denmark, the UK and even South Korea where it has increased by 10 or more points of GDP. Furthermore, about half of these countries (including AU, NZ, US, Canada, SK and Switzerland have kept this spending below 20% of GDP, whilst the other half (including prize-winning France at about 35%) have allowed it to sail past the 20% mark. Given that ‘social welfare’ in both these groups of developed countries in IMO not markedly different, one has to wonder what is the ‘optimum’ level of social spending for a developed country these days?

  14. Rafe Champion says:

    What is the optimum level of public dept and regulation and the optimum number of people who are not net tax payers?

  15. OldOzzie says:

    Rafe – congratulations on Andrew Bolt Blog Mention

    Rafe Champion is right: “The western world’s most depressing graph.” No wonder the world’s poor are streaming over the borders for their share.

  16. Frances says:

    OldOzzie, I believe the world’s poor are streaming to developed countries as the developed countries have exploited the resources of the poor without proper compensation; now, they will exploit their exploiters.

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