
Defence or Welfare? Europe Can Afford Both, and Must
Amidst geopolitical shifts, the notion that Europe must choose between security and social support is not only politically dangerous but also economically unsound.
Amidst geopolitical shifts, the notion that Europe must choose between security and social support is not only politically dangerous but also economically unsound.
Rather than a ‘burden on the taxpayer’, the welfare state should be understood in normative terms as productive social investment.
A vast untapped potential for improving economic progress and social well-being across the EU needs to be unlocked through social investment.
Say it quietly but adversity is bringing Europe together.
The temptation to cut welfare expenditures to reduce deficits inflated by the pandemic must be resisted.
A ‘just transition’ must replace fear of, and resistance to, brown job losses with consensus behind social investment. Pension reform provides parallels and pointers.
The welfare state in Europe must become a social-investment state if the broken European social contract is to be renewed.
The European welfare state and the European Union (EU) find themselves caught up in a double bind in the aftermath of the global financial crisis.