Verdict 2013: The rise and fall of Sonia’s Dole-onomics

Verdict 2013 will be read differently by different parties, but underlying it all will be one simple message which no one will acknowledge in public: the days of buying votes with taxpayer money are coming to an end. Politicians have to learn to taper doles, or else they will be destroying the seedcorn of future growth and their own legitimacy. But it is unlikely that any party will acknowledge this reality because it needs honesty in understanding why doles are ultimately self-defeating for good politics to drive good economics.

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