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| Home Front: Politix |
| We should tune in to the Romney and Ryan show |
| 2012-09-02 |
| By Janet Daley at the Telegraph, h/t RCP. This hits the nail on the head as well as any article I have read this year. She''s getting trashed in the comments. of course, which are going to hit 1,000 in a bit. This campaign is going to consist of the debate that all Western democratic countries should be engaging in, but which only the United States has the nerve to undertake. Our system looks so broken some days that a bit of praise is refreshing, especially from the UK. The question that will demand an answer lies at the heart of the economic crisis from which the West seems unable to recover. It is so profoundly threatening to the governing consensus of Britain and Europe as to be virtually unutterable here I''m sure uttering it is a death-penalty offense in Brussels. so we shall have to rely on the robustness of the US political class to make the running. What is being challenged is nothing less than the most basic premise of the politics of the centre I do so wish the Brits would learn how to spell basic English words. ground: that you can have free market economics and a democratic socialist welfare system at the same time. 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 Way too many letters in there, Janet. 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, Krugman''s head just exploded. until the economy is turned into a meaningless internal recycling mechanism in the style of the old Soviet Union. Or in other words, let''s do the math on this, shall we? |
| Posted by:Matt |
| #2 Good article, Matt. But, uh, it's their language so they can spell the words any way they want. |
| Posted by: Abu Uluque 2012-09-02 18:01 |
| #1 The Daley article from across the pond was a good catch Matt. Her Rubio quote was right on the money: Obama is “trying ideas that people came to America to get away from”. |
| Posted by: JohnQC 2012-09-02 15:56 |