Economist Podcasts State of profusion: governments just keep growing
Nov 19, 2021
Colin Williams, a Senior economics writer at The Economist, teams up with Avantika Chilkoti, the publication's international correspondent. They dive into the relentless growth of government spending, highlighting its historical roots and future challenges. MacKenzie Scott's transformative approach to philanthropy is explored, showcasing her generous $8.6 billion donations without restrictions on recipients, starkly contrasting traditional philanthropy. The discussion also touches on the economic challenges faced by Moroccan hoteliers under strict laws against premarital sex.
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Government Growth
- Government spending has grown steadily since the 18th and 19th centuries, accelerating during wartime.
- Post-war spending rarely returns to pre-war levels, contributing to government expansion.
Evolving Government Role
- The purpose of government has expanded beyond core functions.
- Governments now regulate industries, working conditions, and welfare programs, significantly impacting daily life.
Drivers of Growth
- Bureaucratic incentives and globalization fuel government growth.
- Introducing new programs is more appealing than removing old ones.