Liberalism, what is it good for
USA: The Next Detroit
December 9, 2013 by Porter Stansberry
One of the most important things to remember about socialism or coercion of any kind is it fails eventually because human beings have an innate desire for liberty and a strong need for personal property rights. In fact, the origins of government lie in the need of agricultural communities to protect themselves from violence and theft. So it is particularly ironic that in more recent times, it is government itself that has more frequently played the role of bandit.
When you start taxing people at extreme rates to pay for socialist benefits, when you start telling them which schools their children must attend, when you start giving jobs away to people based on race instead of ability you quash human freedom, which bogs down productivity and if continued for long enough leads to social collapse.
I find it perplexing that only 20 years after the collapse of the Berlin Wall, the West continues to implement laws that mimic all of the failed policies of our former communist foes. Our current president won the election by promising to spread the wealth around. But truth be told we dont have to look to Eastern Europe or the Soviet Union to find a society destroyed by coercion, socialism, and the overreaching power of the State. We could just look at Detroit
...
The likelihood America will become a giant Detroit is growing rapidly. Politicians now control the banking sector, most of the manufacturing sector (including autos), a large amount of media, and are threatening to take over health care and the production of electricity (via cap and trade rules). These are the biggest threats to wealth in the history of our country. And these threats are causing the worlds most accomplished and wealthy investors to actively short sell the United States something that is unprecedented in my experience.
Editors note: Yesterday, a federal bankruptcy judge granted Detroit the ability to make billions of dollars of debt disappear. A new, dangerous precedent has been set. This precedent sets the stage for other municipalities to follow suit.
USA: The Next Detroit | FrontPage Magazine
USA: The Next Detroit
December 9, 2013 by Porter Stansberry
One of the most important things to remember about socialism or coercion of any kind is it fails eventually because human beings have an innate desire for liberty and a strong need for personal property rights. In fact, the origins of government lie in the need of agricultural communities to protect themselves from violence and theft. So it is particularly ironic that in more recent times, it is government itself that has more frequently played the role of bandit.
When you start taxing people at extreme rates to pay for socialist benefits, when you start telling them which schools their children must attend, when you start giving jobs away to people based on race instead of ability you quash human freedom, which bogs down productivity and if continued for long enough leads to social collapse.
I find it perplexing that only 20 years after the collapse of the Berlin Wall, the West continues to implement laws that mimic all of the failed policies of our former communist foes. Our current president won the election by promising to spread the wealth around. But truth be told we dont have to look to Eastern Europe or the Soviet Union to find a society destroyed by coercion, socialism, and the overreaching power of the State. We could just look at Detroit
...
The likelihood America will become a giant Detroit is growing rapidly. Politicians now control the banking sector, most of the manufacturing sector (including autos), a large amount of media, and are threatening to take over health care and the production of electricity (via cap and trade rules). These are the biggest threats to wealth in the history of our country. And these threats are causing the worlds most accomplished and wealthy investors to actively short sell the United States something that is unprecedented in my experience.
Editors note: Yesterday, a federal bankruptcy judge granted Detroit the ability to make billions of dollars of debt disappear. A new, dangerous precedent has been set. This precedent sets the stage for other municipalities to follow suit.
USA: The Next Detroit | FrontPage Magazine
