Ponzi Politics and Public Choice
by G. Murphy Donovan (February 2012)
“Somehow liberals have been unable to acquire a healthy skepticism of the powers of government agencies to do good.” – Daniel Patrick Moynihan (D-NY)
Social theory and political philosophy are now shot through with paternalism – the belief that successful individuals and nations are somehow responsible, literally and figuratively, for the “less advantaged.” The modern moral collective was probably an outgrowth of Marxism. Nonetheless, the communitarian world-view prevails in spite of the Communist collapse – a grand economic and social experiment that was clearly a victim of promissory default. more>>>
Posted on 01/31/2012 3:35 PM by NER