The Liberty Caucus provides the recipe for explosive economic growth.
The welfare States of Europe have underperformed in terms of growth and rise in average wages relative to the Asian tigers which have pursued an industry-friendly policy of low social spending.
Ingliz has taken the time to create a table contrasting States' social spending levels and their economic growth:
Social Spending / Annual GDP growth % (2005)
#1 Japan: 15.7 % of GDP / Ireland 5.5% #1
#2 New Zealand: 17.5 % of GDP / US: 3.2% #2
#3 Ireland: 18.4 % of GDP / Denmark: 3.05% #3
#4 Canada: 21.8 % of GDP / Canada: 2.9% #4
#5 Australia: 21.9 % of GDP / Australia: 2.8% #5
#6 United States: 23.4 % of GDP / Sweden: 2.7% #6
#7 Netherlands: 24 % of GDP / Japan: 2.6% #7
#8 Austria: 24.6 % of GDP / Norway: 2.26% #8
#9 United Kingdom: 24.6 % of GDP / Finland: 2.9% #9
#10 Norway: 25.1 % of GDP / New Zealand: 1.9% #10
#11 Italy: 25.3 % of GDP / UK: 1.82% #11
#12 Finland: 25.6 % of GDP / Austria: 1.8% #12
#13 Denmark: 27.5 % of GDP / Netherlands: 1.13% #13
#14 Germany: 28.8 % of GDP / Germany: 0.96% #14
#15 Sweden: 30.6 % of GDP / Italy: -0.04% #15
As you can see, the states with the highest economic growth tend to have lower social spending.
This table does not include South Korea, Hong Kong, Singapore, Taiwan and China, which have had the most rapid economic growth of any nations in the last 40 years, and have very low social spending.
For example, South Korea's social spending only makes up 6.1% of GDP:
http://www.oecd.org/dataoecd/56/37/31613113.xlsand it has been one of the fastest growing economies in the world:
http://en.wikipedia.org/wiki/Economy_of_South_KoreaThe economy of South Korea is a highly developed[1] trillion dollar economy that is the fourth largest in Asia and 13th largest in the world.
It sustained double-digit economic growth for decades, growing faster than any other major economy in the 20th century.China likewise has very low social spending, as this graph on health care spending as a percentage of GDP demonstrates:
Don't embrace welfarism. The welfare state relegates a nation to mediocrity. There is a better way: vote economic freedom. Vote Liberty Caucus (LC), or if you prefer a less libertine nation with a stronger government, vote Conservative Alliance (CA) or Pan-National League (PNL).
"I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man"
Inscribed on the roof of the Jefferson Memorial