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August 8, 2011

"The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes..."

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.... A general correction of the imbalance between wealth production and wealth redistribution is now a matter of basic necessity, not ideological preference. -- If we are to survive the looming catastrophe, we need to face the truth - Telegraph

Posted by Vanderleun at August 8, 2011 3:42 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Marxism has been embraced by many not because they suffer, but because it is a new field for protest and private judgement. Is the voracity of discussion indeed so insatiable as the appetite of the grave? If it is, then are permanence and continuity impossible for modern society? Three checks upon the empire of unbridled discussion seem possible; the deliberate revival of the concept of traditional wisdom, the growth of public boredom with talk and with change itself, and the coming of catastrophes which teach men to distrust their own opinions--
Russell Kirk

Posted by: james wilson at August 8, 2011 7:35 PM

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