Tuesday, December 09, 2008
Socialist States of America...America at a crossroad
We have been on a glorious journey for just over 230 years! Capitalism IS the economic framework under which the United States has developed into one of the more successful societies planet earth has known to date. But, just as the Greeks and Romans discovered, the future holds NO guarantees.
The crossroads at which we stand may not spell an end to the United States in name, however, the same may not be said of our unique version of capitalism. With much of our financial system having been nationalized and the auto industry in toe, what industry is next? As increasing amounts of our domestic production become "public property", we inch ever closer to socialism.
Need we be reminded that capitalism is economic Darwinism, survival of the fittest. In so far as the field of play is moderately level (a primary mission of government I might add), economic Darwinism ought to be left to run its course. The argument that Citigroup, or any other company for that matter, is too big to allow to fail is in fact a failure to understand and appreciate capitalism, period. The folks in Washington use all types of buzz words and euphemisms to characterize their policy decisions, however, socialism by any other name is still socialism. The question we need to ask ourselves...is the failure of any single business or industry justification to socialize the United States?
We have been on a glorious journey for just over 230 years! Capitalism IS the economic framework under which the United States has developed into one of the more successful societies planet earth has known to date. But, just as the Greeks and Romans discovered, the future holds NO guarantees.
The crossroads at which we stand may not spell an end to the United States in name, however, the same may not be said of our unique version of capitalism. With much of our financial system having been nationalized and the auto industry in toe, what industry is next? As increasing amounts of our domestic production become "public property", we inch ever closer to socialism.
Need we be reminded that capitalism is economic Darwinism, survival of the fittest. In so far as the field of play is moderately level (a primary mission of government I might add), economic Darwinism ought to be left to run its course. The argument that Citigroup, or any other company for that matter, is too big to allow to fail is in fact a failure to understand and appreciate capitalism, period. The folks in Washington use all types of buzz words and euphemisms to characterize their policy decisions, however, socialism by any other name is still socialism. The question we need to ask ourselves...is the failure of any single business or industry justification to socialize the United States?
Labels: capitalism, financial bailout, socialism, United States of America
