democracy. Scholars opposed to the cancelation of sovereign debt refer to the Glorious Revolution of 1688, in which the British … identifying the intrinsic contradictions of representative democracy, public debt, and modern banking in early modern England …, contradictions that were incompatible with the well-being and democracy of a community. It further examines how the contradictions of …

As a social democratic welfare state, Denmark has offered universal and generous benefits promoting equality and …, welfare state spending has been traditionally high. Thus, one would expect that globalisation and low economic growth will … threaten this welfare state arrangement. However, the example of Denmark shows that high public expenditure on the welfare …