The economic crisis beginning in 2008 brought into high relief problems in the Italian political economy that had been smoldering for a while. But these were exacerbated by a center-right government under the political leadership of Berlusconi that did little to stem the decline in economic competitiveness, the shrinking of domestic wealth, and the explosion of youth and female unemployment, le...

during many years after second world war, keynos and welfare economy dominated europe and many other countries. transpiring the depression in 1970's and welfare government failure, market economy was observed by west politicians and voters. hayek was one of the few intellectuals who theoretically and practically opposed the welfare and keynes government by raising the economical spontaneou...