In this article for Liberty Unbound, I write about Portugal, Italy, Greece, and Spain—the so-called PIGS—and argue that their crisis is not merely about debt.

I discuss why the ruins of Greece and Rome cannot conceal the cultural decay that now defines much of southern Europe. Debt, bureaucracy, unemployment, poor service, victimhood, tribalism, and social disorder are symptoms of a deeper problem: the loss of reason, responsibility, and the habits that sustain civilization.

Read the archived article at Liberty Unbound via the Wayback Machine →