Italy has piled up huge public debt because the successive governments were too close to the life of ordinary citizens too willing to please the requests of everybody thereby acting against the interests of future generations.

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We have become a society that can't self-correct that can't address its obvious problems that can't pull out of its nosedive. And so to our list of disasters let us add this fourth entry: we have entered an age of folly that - for all our Facebooking and the twittling tweedle-dee-tweets of the twitterati - we can't wake up from.