Bakhish: The European economy is facing an investment crisis, but the welfare state model is not a failure. The extreme right has no logical solution for managing the economy.

Bakhish: The European economy is facing an investment crisis, but the welfare state model is not a failure. The extreme right has no logical solution for managing the economy.

Dr. Mohammad Mehdi Bakhish, economist, in an interview with Ekhtaznews. The advantage of the welfare state is the provision of free health services and education, the provision of broader public welfare and a more appropriate distribution of income due to heavy taxes, but when the government bears the heavy costs of education and health, there are no resources left for investments and economic growth in European countries is very low.

Has the welfare state failed? No, I don't believe so. These countries need to reform their tax structure in order to provide savings to households and companies and as a result an investment incentive. The extreme right has no logical solution for managing the economy, and continuing on its path can lead societies to anarchy.

Saving the European economy depends on achieving a codified economic solution to create balance and establish a powerful and intelligent government.

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