WHAT COULD POSSIBLY GO WRONG?
Financial follies and disaster in the making
economy will continue to grow until they reach a tipping point... a point when people say “enough is enough” and turn back the power of the government before it’s too late. But that hasn’t happened... Instead many Americans have been moving in the other direction. A new socialist movement has suddenly taken hold in this country. And there is no better “face” of this movement than freshman congresswoman Alexandria Ocasio-Cortez, or “AOC” as she’s known to her supporters. The 29-year-old former Bernie Sanders activist trounced 10-term Democratic incumbent Joe Crowley to win New York’s 14th district last year. She did so on a radical platform that included just about every socialist scheme imaginable, including free health care and college for all... and a guaranteed federal job for every American. And her proposed “Green New Deal” aims to reduce America’s carbon emissions to net-zero by “getting rid of farting cows and airplanes,” among other measures.
A ‘new’ America?
The collapse of the Union of Soviet Socialist Republics – or the Soviet Union, as it was commonly known – in the early 1990s proved it beyond a doubt: Socialism, as an economic model, was an unmitigated failure. Of course, that doesn’t mean it suddenly disappeared. Despite its “Cold War” opposition to the Soviet Union, even the U.S. had adopted many socialist principles decades earlier. And this strange blend of capitalism and socialism has grown even stronger in the decades since. This “New American Socialism” is fueled by paper money and the constant expansion of debt. It also features a kind of corruption that’s hard to police because it occurs within the boundaries of the law. The power to produce private profits is a key characteristic of this system... It’s a huge incentive for entrepreneurs and politicians to work together on behalf of the system. It’s also why the imbalances in the world
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March 2019
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