Quote by: Niall Ferguson

Over time, the welfare state has become dysfunctional in a surprising way. But in a way it became a victim of its own success: It became so successful at prolonging life, that it becomes financially unsustainable, unless you make major changes to things like retirement ages.


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Author Bio


  • NameNiall Ferguson
  • DescriptionBritish historian
  • BornApril 18, 1964
  • CountryUnited Kingdom
  • ProfessionWriter; Economic Historian; Historian