Friday, March 6, 2009

Post-capitalism: and then what?

I wouldn't go so far as to say we are socialist yet, but I do think you can accurately say we are now a 'post-capitalist' nation. We are talking about nationalizing banks; with enough bailouts, we will have a de facto nationalized car industry. Nationalizing the health care industry is also on the agenda. What's next? With all the CO2 legislation getting rammed through Congress, I am guessing the energy industry (oil, natural gas, coal, electricity producers).

I leave you with the quote of the week:

One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.”

—Ayn Rand, 1975

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