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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Monday, August 08, 2011

Can capitalism support socialism as it is currently contemplated?

Absolutely not. Current Euro style socialism was a demographic indulgence where there were a large population of young healthy people that were in the most productive part of their lives supporting a relatively small population of elderly and other collectors.

Government promised these younger people, 'pay in now and we will take care of you in your time.' However, this promise was fantasy and the math just does not work. Now, we are in the first years of this large population of babyboomers entering their entitlement collecting period and in a very short time, the money as promised will run out.

Capitalism is the antithesis of this kind of Marxist physics of resource diversion. Resources cannot diverted to these parasitic socialist ends without eventually destroying host, the non-public economy. Its a Ponzi-like house of cards and it is starting to collapse.

So, now we have a bunch of people in the US that are saying 'wait a minute. Lets figure out what we need to do.' These are the Tea Party people. They have been been vilified since they are questioning the conventional wisdom in which millions have their lives invested. I think that it is reasonable and necessary to ask, 'what are we doing here?'

The money quote....
Contrary to what the Obama Democrats claimed, the face-off in Congress did not mean that the nation’s politics were “dysfunctional”. The politics of the US were functioning precisely as the Founding Fathers intended: the legislature was acting as a check on the power of the executive.

The Tea Party faction within the Republican party was demanding that, before any further steps were taken, there must be a debate about where all this was going. They had seen the future toward which they were being pushed, and it didn’t work. They were convinced that the entitlement culture and benefits programmes which the Democrats were determined to preserve and extend with tax rises could only lead to the diminution of that robust economic freedom that had created the American historical miracle.
From here. Hopefully, Americans will come to their senses and recognize that socialism in any form is a fool's errand. That it will neither work nor will it be sustainable. Welcome to reality.


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