Here’s how the economic and political system of a nation is destroyed.
Taking advantage of the power displayed by the public employee unions in Wisconsin, socialist union leaders are planning a campaign to destroy capitalism by creating financial chaos. They consider capitalism to be in such a fragile and weakened condition, that a massive campaign aimed at creating financial chaos will bring the whole financial system crashing down.
I belong to a group tinier than I realized: I’m one of only 34 million Americans — roughly 11% of the population — tuning in National Public Radio (NPR) each week. That fraction probably shrinks to the low single digits if we limit it to daily listeners like me. And I may be a minority of one as a daily listener who cheered the U.S. House’s vote last week to “cut 100% of federal funding to the Corporation for Public Broadcasting, the primary source of federal funding for local public radio and television stations.”
Economic lunacy abounds, and often the most learned, including Nobel Laureates, are its primary victims. The most recent example of economic lunacy is found in a Huffington Post article titled "The Silver Lining of Japan's Quake" written by Nathan Gardels, editor of New Perspectives Quarterly, who has also written articles for the Wall Street Journal, Los Angeles Times, New York Times, and Washington Post.
When someone is sold a bad bill of goods he may suffer from “buyer’s remorse,” a feeling of regret maybe even disgust — accompanied by a healthy dose of second-guessing of the buyer’s own intelligence — over the purchase. That feeling can be applied to all aspects of life. For instance, there is no doubt that the five-person committee behind the Nobel Peace Prize has been experiencing “voter’s remorse” for their selection of Barack Obama as the 2009 recipient of the award.