This just in, and it is not The Onion (as confirmed by the story’s appearance in many other outlets):
“The federal government is bailing out hard-pressed [Maryland] watermen with a disaster declaration for the region’s collapsing blue crab industry.”
As a correspondent writes me: “From ‘too big to fail’ to ‘too tastey to fail’ in less than a week!”
{ 2 comments }
I, and many others, had hoped that when the credit crunch came, the American public would be disabused of their socialist-democratic Weltanschauung, but the events of recent weeks only seem to have made people even more hostile to the free market–however free it’s been for the past 100 years. People don’t understand that this whole mess happened because of government, not in spite of it. And they still hold on to those Herbert Hoover myths. I am utterly despondent that we’ll ever get people to understand this.
So ironic that a country like America – a country literally founded by some of the most prominent minds in Classical Liberalism, a country that idolizes their writings to the point of religious dogma – should have so much public pressure for socialism. And not even organized, thoughtful economic interventionism that we see in so many Western democracies; rather a disorganized mishmash of small and large interventions. At least social democracies can boast functional economies, however misguided. The American system is rapidly disembowelling itself.
My question is – if we had a “do-over” (as well we might in the next few decades), how could we strengthen the classical liberal protections already in the Constitution? How better could we ensure the survival of this republic than what was already tried (and seems on the brink of failure)?
Comments on this entry are closed.