public spendings

  The size of government matters because it shapes how much room remains for private choice, enterprise and investment. From a classical liberal perspective, government provides an essential framework for markets, but expanding its responsibilities carries costs. Taxation reduces the resources people can allocate themselves and can weaken incentives to work, save and invest. Public […]

In this lecture, Dr. Kristian Niemietz revisits the World Bank’s influential 1994 report Averting the Old Age Crisis and compares its recommendations with today’s reality. Why have most countries failed to embrace funded pension systems?

Introduction The UK government’s November 2025 Budget supplied ample corroboration of our report published by IREF in October 2025 (‘the report’), showing that the governing Labour Party plans to greatly expand the state’s direction of the UK economy.1 The means-of-control will be a decade-long programme of spending on Net Zero, industry, and infrastructure, partially funded […]