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Sunday, September 2. 2012

Some Brits understand America

From The Telegraph: We should tune in to the Romney and Ryan show:



The magic formula in which the wealth produced by the market economy is redistributed by the state – from those who produce it to those whom the government believes deserve it – has gone bust. The crash of 2008 exposed a devastating truth that went much deeper than the discovery of a generation of delinquent bankers, or a transitory property bubble. It has become apparent to anyone with a grip on economic reality that free markets simply cannot produce enough wealth to support the sort of universal entitlement programmes which the populations of democratic countries have been led to expect. The fantasy may be sustained for a while by the relentless production of phoney money to fund benefits and job-creation projects, until the economy is turned into a meaningless internal recycling mechanism in the style of the old Soviet Union.


Posted by The News Junkie in Hot News & Misc. Short Subjects at 13:06 | Comments (5) | Trackbacks (0)

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Some Brits understand America.

Depends on your definition of Brit. From the author link:
QUOTE:
Janet Daley is American-born, but has lived in Britain since 1965. She was educated at the University of California at Berkeley (BA in Philosophy), and Birkbeck College, London (post-graduate). She spent twenty years in academic life, teaching philosophy at the Open University, the external department of London University and the Royal College of Art. She wrote art and literary criticism from the late 1960s to early 80s, and left teaching to become a freelance journalist in 1987, writing for The Times, Sunday Times, Independent, Sunday Telegraph and Spectator.
T.S. Eliot and Henry James are some others who were born and educated in the US, but who spent most of their adult lives in Great Britain. Also Winston Churchill's mother.
#1 Gringo on 2012-09-02 14:30 (Reply)
A brilliant article. I admire a writer so able, and someone whose thinking is so clearly articulated.
#2 MTF on 2012-09-02 19:43 (Reply)
To be blunt...the third way is fucked. It is not sustainable. And sadly the progressives do not really understand the idea of sustainable.
#3 indyjones on 2012-09-02 21:11 (Reply)
"universal entitlement programmes"

Such a lovely way of putting the crux of the problem. They learned at Jamestown that shared entitlement doesn't work. Why do we have to keep relearning this basic concept?
#4 ScottJ on 2012-09-02 22:02 (Reply)
Would the AGW scam actually be "the fourth way" designed to replace the thrid way? One attempt after another to install a socialist government and steal the assets of the successful and grab power.
#5 GoneWithTheWind on 2012-09-03 10:13 (Reply)

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