This page and the others under the Features head contain posts that appeared first in the Social Policy Bonds blog
While one might quibble with the technicalities and the source, the Heritage Foundation's Index of Government Dependency does tell a convincing story: in the United States, as William Beach puts it "dependency on government has grown steadily and at an alarming rate in recent decades." Mark Steyn writes: "While few electorates consciously choose to leap left, a couple more steps every election, and eventually societies reach a tipping point." This appears to happen regardless of whether ruling parties are supposedly from the left or right, and regardless of the rhetoric about tax cuts, freedom, or rolling back the frontiers of state.
Does it matter? I think it does; partly because big government is generally remote government, and that is a loss in itself. But remote government is also cumbersome and inefficient. It's unresponsive to events. It can crowd out more efficient, more local ways of doing things. Being big, cumbersome and fond of one-
One answer could be Social Policy Bonds. Government would still take on the responsibility for raising revenue and targeting such desirable goals as the eradication of poverty or the end of violent political conflict. It would raise revenue to achieve such goals -