That is if you don’t occasionally mind those pesky outbreaks of social unrest like in Greece. Yeah, socialism works great until we run out of other people’s money.
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“Spending other people’s money”… the USA have the largest debt in the world, actually, (much higher than Greek one). The difference is that in Europe governments assure the basic human right to healthcare and you don’t have to be in massive debt in order to get higher education.