"It is true that if you simply have market capitalism not embedded in a true democratic system, then you will get increasing inequality... And that is why every modern capitalist system has a welfare state and in Europe these welfare states consume 50 percent of GDP, redistribute it in fairer ways. I have always thought the European Union represented a truer embodiment of what I would regard as something like the end of history... The United States' model is a little bit more liberal and therefore we do less redistribution than, let's say, Holland or Sweden, but all modern states do that."
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Original Language: English
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Francis Fukuyama, as quoted in "Fukuyama: 'Putinism', Radical Islam No Alternative To Liberal Democracy" (30 January 2016), by *Charles Recknagel, Radio Free Europe: Radio Liberty.
https://en.wikiquote.org/wiki/Economy_of_the_Netherlands
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Economy of the Netherlands
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