Posted on 05/23/2012 8:22:54 AM PDT by Kaslin
Capital accumulation is one of the four pillars of prosperity that separates prosperous nations from hellholes. (The other pillars are private property, rational culture, and technological progress.) The process of capital accumulation starts with private savings and investment. Any assault on investment causes a decrease in capital accumulation which results in decreased economic progress for the economy as a whole, decreased real wages rates and standard of living for the average wage earner, and decreased share of consumption by wage earners compared to capitalists and business owners.
The beast will not go quietly. It will have to be killed and disposed of with extreme prejudice. It will not be an easy battle.
There was a time and there are places where civil service made sense and was efficient for the tasks it handles. There are things so vital to the greater good and for which there is just too much temptation for private sector mischief that they belong in the public sector.
Rumor is, Obama wants to replace our national anthem with “The Internationale”.
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