State of profusion: governments just keep growing
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 19 November 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
Some factors that drive relentless growth in state spending are eternal; some are getting stronger. Our correspondent outlines a big-government future. We examine how MacKenzie Scott, an accidental billionaire, is revolutionising big-money philanthropy. And Moroccan hoteliers rail against a law that forbids beds for the unwed.
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Transcript
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| 0:00.0 | Hello and welcome to the intelligence from The Economist. |
| 0:06.0 | I'm your host, Jason Palmer. |
| 0:08.0 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.0 | Mackenzie Scott is most certainly not acting like your usual billionaire philanthropist. |
| 0:22.6 | She's just shoveling money out the door, faster and with fewer strings attached than anyone has before. |
| 0:28.6 | We ask what that's meant for the recipients of all that cash. |
| 0:32.6 | And in Morocco, officials really do try to enforce a ban on premarital sex, |
| 0:38.6 | in part by insisting hotels only rent rooms to married couples. |
| 0:43.6 | Like many Moroccans, hard-up hotel owners desperately want the rule changed. |
| 0:48.2 | Others simply work around it. |
| 0:56.0 | But first... We know big government does not have all the answers. |
| 1:05.0 | We know there's not a program for every problem. |
| 1:08.0 | In his 1996 state of the union address, American President Bill Clinton pitched his administration's |
| 1:14.6 | fiscal restraint. |
| 1:15.6 | We know and we have worked to give the American people a smaller, less bureaucratic government |
| 1:20.6 | in Washington. |
| 1:22.6 | And we have to give the American people one that lives within its means. |
| 1:26.6 | The message proved popular, and Mr. Clinton handily won re-election later that year. |
| 1:32.3 | The era of big government is over. |
| 1:38.3 | But it wasn't over. In every year from 1996 to 2019, government spending grew steadily relative to GDP. |
| 1:46.7 | Last year, it jumped. |
| 1:48.8 | And this week, President Joe Biden signed into law a trillion-dollar infrastructure bill. |
... |
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