If memory serves he suggested that the professoriat hated the USA on account of hot dog vendors making more money than they. They simply couldn’t abide a country where a laborer could make more money than those in ivory towers. There’s some truth to this; people generally hate what they envy. And these vermin are the most zealous in their support for Obama.
Yes. Joseph Schumpeter did have a lot to say as to why Democracy would always lead to Socialism. I can still remember him saying it (from the tape!).
The election of Obama is the final vindication.
Of course, for those who are reading this post and do not know who Schumpeter was, he was from the Austrian school of economics and was far from a Socialist himself. He simply saw it as an inevitable result of Democracy, as did Karl Marx.
The similarity ends there, as Schumpeter was a total free marketer, but he described his observation as such: (From memory and not a verbatim quote!)
"I say that we will eventually drift towards Socialism not because I like Socialism or am a proponent of it, but more like a doctor who sees that his patient is dying and there is absolutely nothing he can do about it. To be sure, the doctor does not want his patient to die, but he knows that there is nothing he can do to stop it.I have come to this realization too.
Obamunism was inevitable. It will lead to a disaster in America as it tears our society apart.
It may even end in civil warfare or at the very least serious civil disturbances if not sporadic fighting on a scale we have not seen since Lincoln.
