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.
The danger from the seemingly reasonable pragmatism that President Obama proposes as the norm and ideal for a middle or “third way” between capitalism and socialism is that is constantly moves society away from the competitive market economy and individual liberty and more and more in the direction of greater and more government planning and control over facets and corners of our lives.
The Federal debt has now crossed the $19 trillion mark. When George W. Bush entered the White House in 2001, Uncle Sam’s debt stood at $5 trillion. When President Bush left office in January of 2009, it had increased to $10 trillion. Now into seven years of Barack Obama’s presidency, the Federal debt has almost doubled again.
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.
Social Security is financial unsustainable and morally bankrupt.
The “freedom” about which Bernie Sanders speaks, and before him Franklin Roosevelt, in fact, involves a loss of liberty into an even greater degree of political paternalism.
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.
With apologies to his fans, Jerry is an evil little mouse who constantly pesters Tom the Cat. Tom tries and tries, but cannot seem to overpower someone who is a fraction of his size and strength.
Watching Stephen Moore attempt to debate Paul Krugman was like that.
Creating pensions that offer generous retirement benefits wins votes in the present by promising spending in the future. Promises cost nothing in the short run — and elections are held in the short run, long before the pensions are due.
In utter disregard to facts, so-called “social scientists” do studies which conclude that America is no longer a land of opportunity, and that upward mobility is a “myth.”
It’s important for citizens to understand — and face — the fact that the problems ailing Social Security are not primarily fiscal. The problems are moral.
The bulk of today’s problems for many blacks are a result of politicians and civil rights organizations using government in the name of helping blacks when in fact they are serving the purposes of powerful interest groups.
The real question is whether the investment of wealth is likely to be done better by those who created that wealth in the first place or by politicians.