Neither the total amount of government spending nor the likely budget deficit is threatened with meaningful reduction.
The enemies of capitalism indicted the society of liberty; they distorted the reality of capitalism and its brilliant triumphs in freeing man from poverty; and they imbedded in the minds of many the conception of political entitlements that serve the power ends of political paternalists and which requires the plundering of the peaceful and productive members of society.
To then accuse capitalism of causing the poverty — while in the very act of eradicating it — is to commit both a historical error and a profound injustice.
How the left transformed America from an essentially free market into a regulatory entitlement state and discusses how supporters of capitalism can develop an even more persuasive moral narrative of our own.
Bush’s proposal merely reinforces the false idea that government has a right to force some to be the keepers of others. He wants to pass it off to the states.
Handing out vast amounts of the taxpayers’ money is the way the federal government has expanded its power far beyond the powers granted by the Constitution — thereby limiting the freedom of individuals, localities and states.
Before the arrival of modern welfare state, voluntary, private-sector institutions had evolved to serve as the market providers for many of those “social services” now viewed as the near-exclusive prerogative of the government. Unfortunately, after nearly a century of increasing political and cultural collectivism, the historical memory of the pre-welfare state era has all but been lost.
Something clicked for me as I stared out my hotel window at a train station and seeing other public mass transportation moving on the street.
“Wealth, Poverty and Politics: An International Perspective” is a true gem in terms of exposing the demagoguery and sheer ignorance of politicians and intellectuals in their claims about wealth and poverty.
Greece has no future, so long as it clings to the euro. The dollar won’t servce you much better. A drachma will only harm the Greek people. That leaves one other option.