The call is often heard that more money needs to be spent on social protection, child protection and universal services like education and healthcare. Very often this is true when compared to spending on defence or tax breaks (or loopholes) for big corporations, the spending on these areas lags behind significantly, which leads both to human suffering and bigger expenses to the public purse down the line. However, in a way it is also misleading.
Continue reading “Investing in Services and People”