Posted on 05/14/2010 5:07:07 AM PDT by Scanian
Daniel Henninger at the Wall Street Journal is one of the more talented journalists and opinion writers left in the print media.Today he editorializes about Europe and its implications for US politics.
"The state of Europe can be summed up in one word: stagnation. Jean-Claude Trichet, the European Central Bank president who just agreed to monetize the debt that Europeans can't or won't pay, noted in a 2006 speech that 'over the period from 1996 to 2005, euro area output grew on average 1.3 percentage points less than in the U.S., and the gap appears to be persistent.'
Angus Maddison, the eminent European historian of world economic development who died days before Europe's debt crisis, wrote in 2001: 'The most disturbing aspect of West European performance since 1973 has been the staggering rise in unemployment. In 1994-8 the average level was nearly 11% of the labor force. This is higher than the depressed years of the 1930s.'"
(Excerpt) Read more at americanthinker.com ...
Wrong. The state of Europe can be summed up in one word: SOCIALISM!
That Keynesian economics was soundly destroyed once and for all when it could not account for the Stagflation of the 1970’s and that it is still being tried is quite a testament to the arrogance and ignorance of those who still believe government spending can end recessions/depressions.
“As the tunnel came closer, they saw, at the edge of the sky far to the south, in a void of space and rock, a spot of living fire twisting in the wind. They did not know what it was and did not care to learn.
It is said that catastrophes are a matter of pure chance, and there were those who would have said that the passengers of the Comet were not guilty or responsible for the thing that happened to them.
The man in Bedroom A, Car No. 1, was a professor of sociology who taught that individual ability is of no consequence, that individual effort is futile, that an individual conscience is a useless luxury, that there is no individual mind or character or achievement, that everything is achieved collectively, and that it’s masses that count, not men.
The man in Roomette 7, Car No. 2, was a journalist who wrote that it is proper and moral to use compulsion ‘for a good cause’ who believed that he had the right to unleash physical force upon others - to wreck lives, throttle ambitions, strangle desires, violate convictions, to imprison, to despoil, to murder - for the sake of whatever he chose to consider as his own idea of ‘a good cause’,which did not even have to be an idea, since he had never defined what he regarded as the good, but had merely stated that he went by ‘a feeling’ -a feeling unrestrained by any knowledge, since he considered emotion superior to knowledge and relied soley on his own ‘good intentions’ and on the power of a gun.
The woman in Roomette 10, Car No.3, was an elderly schoolteacher who had spent her life turning class after class of helpless children into miserable cowards, by teaching them that the will of the majority is the only standard of good and evil, and that a majority may do anything it pleases, that they must not assert their own personalities, but must do as others were doing.
The man in Drawing Room B, Car No. 4, was a newspaper publisher who believed that mend are evil by nature and unfit for freedom, that their basic interests, if left unchecked, are to lie, to rob and murder one another - and, therefore, men must be ruled by means of lies, robbery and murder, which must be made the exclusive privilege of the rules, for the purpose of forcing men to work, teaching them to be moral and keeping them within the bounds of order and justice.
The man in Bedroom H, Car No. 5, was a businessman who had acquired his business, an ore mine, with the help of a government loan, under the Equalization of Opportunity Bill.
The man in Drawing Room A, Car No 6, was a financier who had made a fortune by buying ‘frozen’ railway bonds and getting his friends in Washington to ‘defreeze’ them.
The man in Seat 5, Car No.7, was a worker who believed that he had “a right” to a job, whether his employer wanted him or not.
The woman in Roomette 6, Car no. 8, was a lecturer who believed that, as a consumer, she had “a right” to transportation, whether the railroad people wished to provide it or not.
The man in Roomette 2, Car No. 9, was a professor of economics who advocated the abolition of private property, explaining that intelligence plays no part in industrial production, that man’s mind is conditioned by material tools, that anybody can run a factory or a railroad and it’s only a matter of seizing the machinery.
The woman in Bedroom D, Car No. 10, was a mother who had put her two children to sleep in the berth above her, carefully tucking them in, protecting them from drafts and jolts; a mother whose husband held a government job enforcing directives, which she defended by saying, ‘I don’t care, it’s only the rich that they hurt. After all, I must think of my children.’
The man in Roomette 3, Car No. 11, was a sniveling little neurotic who wrote cheap little plays into which, as a social message, he inserted cowardly little obscenities to the effect that all businessmen were scoundrels.
The woman in Roomette 9, Car No. 12, was a housewife who believed that she had the right to elect politicians, of whom she knew nothing, to control giant industries, of which she had no knowledge.
The man in Bedroom F, Car No.13, was a lawyer who had said, ‘Me? I’ll find a way to get along under any political system.’
The man in Bedroom A, Car No.14, was a professor of philosophy who taught that there is no mind - how do you know that the tunnel is dangerous? - no reality - how can you prove that the tunnel exists? - no logic - why do you claim that trains cannot move without motive power? - no principles - why should you be bound by the laws of cause and effect? - no rights - why shouldn’t you attach men to their jobs by force? - no morality - what’s moral about running a railroad? - no absolutes - what difference does it make to you whether you live or die anyway?. He taught that we know nothing - why oppose the orders of your superiors? - that we can never be certain of anything - how do you know you’re right? - that we must act on the expediency of the moment - you don’t want to risk your job do you?
The man in Drawing Room B, Car No.15, was an heir who had inherited his fortune, and who had kept repeating, ‘Why should Rearden be the only one permitted to manufacture Rearden Metal?’
The man in Bedroom A, Car no. 16, was a humanitarian who had said, ‘The men of ability? I do not care what or if they are made to suffer. They must be penalized in order to support the incompetent. Frankly, I do not care whether this is just or not. I take pride in not caring to grant any justice to the able, where mercy to the needy is concerned.’
These passengers were awake; there was not a man aboard the train who did not share one or more of their ideas. As the train went into the tunnel, the flame of Wyatt’s Torch was the last thing they saw on earth.”
- Ayn Rand, Atlas Shrugged
Brilliant!
Those guys chose a system which is a dead letter and expect results?
I don’t understand how Liberals continue to hyperventilate over Socialism when you can’t travel anywhere on this planet without tripping over some very dramatic examples of its abject worthlessness.
Maybe you can ignore the soulless, bloodless urban shells which pass for cities, the barren and inane ‘art’ produced under these conditions, the backward and humiliating conditions of the rural populations…..but how can you also ignore the generations of humanity whose spirit has been stunted and deformed by the stupefying atrophy which Socialism produces???
It is a degrading and inhuman ‘system’ which serves absolutely no one, except greedy and exploitative men who would get and hold power at any price!!
Socialism is POISON.
A nation that is not steeped in its history is easy prey for winsome con men.
The pied piper has led giggling children to the edge of the cliff. Will they excitedly jump with him because he tells them they can fly?
Obama thinks that light at the end of the tunnel is from a giant disco ball, at a party being thrown in his honor.
Obama thinks that light at the end of the tunnel is from a giant disco ball, at a party being thrown in his honor.
Nice.
Usually stagnation and socialism go hand-in-hand.
That was wonderful!
I’ve never read Ayn Rand, but I’ve encountered her fans many times. I’ll have to go out and get Atlas Shrugged now.
Rhetorical question, right?
Great book -- but not appropriate for our 8 second sound byte society. It's just a very long read.
Socialism is POISON.
Correction: Socialism is envy. Envy is poison.
I’ve never read Ayn Rand, but I’ve encountered her fans many times. I’ll have to go out and get Atlas Shrugged now.
One of the best books ever written. Recommend you read the Fountainhead first. The reason, you will think it is the best book written, but guess what, there is one better: Atlas Shrugged. Enjoy.
While the American system still continues to function, the woman in Roomette 9, Car No. 12, is the most dangerous person to that system.
That describes at least 53% of America today.
>Socialism is POISON.
Correction: Socialism is envy. Envy is poison.<
Eh, Socialism, Envy, so what? We all have to die from something, right?
FReeper Book Club: Atlas Shrugged, Afterword and Suggested Reading
A Billthedrill Essay | 15 August 2009 | Billthedrill
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