AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
The Fall of England - Dr David Starkey
TRIGGERnometry
Exploring the Perils of State Growth and Economic Decline
Excessive state growth can lead to significant economic decline, as demonstrated by Argentina's history of Peronism. In the late 19th century, Argentina boasted a wealth comparable to that of the United States, supported by vast natural resources and substantial British investments. However, post-World War II, the country increasingly embraced state control and welfare policies under leaders like Perón and Evita. This led to a bloated public sector characterized by relentless nationalization and an expansion of welfare, ultimately creating an administrative structure too large for its economic base. The Roman Empire experienced a similar downfall when its administrative needs surpassed its tax revenue, marking a pattern of states that become self-consuming. This phenomenon can also be observed in modern contexts, particularly following the financial crisis, where states have relied on inflation and money printing to sustain themselves, often at the expense of economic stability and value, resulting in asset price inflation rather than direct benefits to the populace.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode