Socialism's Toll in Europe

As the Obama Administration continues to adopt the European socialist model, evidence continues to surface concerning the abject failure of this disastrous economic system.

Francesca Esposito, 29 and exquisitely educated, helped win millions of euros in false disability and other lawsuits for her employer, a major Italian state agency. But one day last fall she quit, fed up with how surreal and ultimately sad it is to be young in Italy today.

It galled her that even with her competence and fluency in five languages, it was nearly impossible to land a paying job. Working as an unpaid trainee lawyer was bad enough, she thought, but doing it at Italy’s social security administration seemed too much. She not only worked for free on behalf of the nation’s elderly, who have generally crowded out the young for jobs, but her efforts there did not even apply to her own pension.

“It was absurd,” said Ms. Esposito, a strong-willed woman with a healthy sense of outrage.

The outrage of the young has erupted, sometimes violently, on the streets of Greece and Italy in recent weeks, as students and more radical anarchists protest not only specific austerity measures in flattened economies but a rising reality in Southern Europe: People like Ms. Esposito feel increasingly shut out of their own futures. Experts warn of volatility in state finances and the broader society as the most highly educated generation in the history of the Mediterranean hits one of its worst job markets.

Politicians are slowly beginning to take notice. Italy’s president, Giorgio Napolitano, devoted his year-end message on Friday to “the pervasive malaise among young people,” weeks after protests against budget cuts to the university system brought the issue to the fore.

Giuliano Amato, an economist and former Italian prime minister, was even more blunt. “By now, only a few people refuse to understand that youth protests aren’t a protest against the university reform, but against a general situation in which the older generations have eaten the future of the younger ones,” he recently told Corriere della Sera, Italy’s largest newspaper.

You see, there are no jobs for these extensively government-educated people to find. Add to that the fact that it is very costly to try to eliminate existing workers and you have a situation where employers do not want to hire and incur the high cost and risk of adding staff.

In other words, socialism has destroyed the job market in these countries. Which then leads us to the obvious question: Is this the future of the United States under Obama's socialist model?

To quote a former Alaska Governor: "You bet'cha."

After all, Obama did promise change.