[Washington Examiner] Every now and then, a reminder emerges of just how amazing America’s free market economic system really is — the very system that leftists ignorantly decry as "rigged," "plutocratic," and conducive to massive inequality.But the system is unique, in truth, in having made the life of ordinary people better than it has been at any time or in any place in human history. In the United States today, the average middle- to lower-income family enjoys a standard of living and an access to consumer choices and luxuries far beyond what kings and princes enjoyed even as recently as the 19th century.
Today’s Americans do not suffer lightly the sort of hardships that backward systems such as feudalism and socialism routinely produce — shortages, for example.
That is a gigantic problem for President Joe Biden’s White House this week.
Biden ran for president advocating, or at least paying lip service to, long-standing environmentalist plans designed to create gasoline shortages. They never put it that way, of course, but that has always been their goal in shutting down pipelines and banning new fracking and oil exploration. The whole point has been to stop fossil fuels from being extracted from the ground and burnt to run our economy, in the naive hope that this will cause global temperature patterns to change.