A smaller and better welfare state

Liberals who support a limited public safety net are faced with a dilemma. On the one hand, they want government to fulfil the role of a provider of last resort. They envisage a situation in which people provide for the vicissitudes of life through savings, asset accumulation, private insurance, mutual assistance, the extended family, private philanthropy and an active charitable sector.

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Source: http://www.iea.org.uk/blog/a-smaller-and-better-welfare-state

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