Government Intervention Fails Again
June 19, 2010
– Comments (7)
80,000 tons of food is found rotting in warehouses in the socialist paradise of Venezuela. This is falling apart faster than I can say Economic Calculation Problem of the Socialist Commonwealth.
Meanwhile, bloggers keep confusing BP with a free market entity, conveniently forgetting that all Western countries cartelized their energy industries - effectively securing their positions for generations - in the name of the people. (This is actuallly economic fascism. Mussolini modeled it, and FDR and Churchill copied.)
Of course, it wouldn't matter who is in charge. Disaster recovery efforts are always going to fail when directed by a central planning agency. Whether it is Chernobyl, Katrina, or the Gulf Spill, centrally planned agencies from afar can not coordinate recovery efforts more efficiently than local resources. This should be obvious, but in case it's not see F.A. Hayek's The Fatal Conceit.
A friend from America writes:
"After the brith of my kid, I called my company's HR rep to talk about medical benefits. He told me that because of Obamacare, the company's medical spending program (basically an interest free loan) was being eliminated. He also told me that unless I spent $10,000 I would not be able to deduct medical expenses from my tax return. And they were trying to figure out whether the current plan qualified as a Cadillac Plan and would have to be reduced in coverage. He ended with this: "We're still not sure all the damage from Obamacare, because we haven't been able to decipher it all. So be sure to go to the polls and vote these people out so we can repeal this."
My two cents: Repeal Obamacare? Well, if that's truly how you feel, how do you suppose going about that? The Republicans haven't repealed a major piece of Democratic legislation in 100 years. The Contract-With-America con job never even considered repealing anything. So you certainly can't expect the Republicans to repeal Obamacare. I have no faith that Palin or Romney or Huckabee is going to lead the call for repeal.
You need to find principled small government conservatives and libertarians that actively seek rolling back the State. That's your only hope. And that window is closing.
David in Qatar
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