Tuesday, March 24, 2009

Comin' To Getchya


Mandela's a hero? Lama's a slug?:

In every single case before the rise of totalitarian government there had been a period dominated by economic planners. Each of these nations had an era under starry-eyed men who believed that they could plan and force the economic life of the the people. They believed that was the way to correct abuse or to meet emergencies in systems of free enterprise. They exalted the state as the solver of all economic problems. These men thought they were liberals. But they also thought they could have economic dictatorship by bureaucracy and the the same time preserve free speech, orderly justice and free government. They might be called totalitarian liberals. Directly or indirectly they politically controlled credit, prices, production of industry, farmer and laborer. They devalued, pump-primed, and deflated. They controlled private business by government competition, by regulation and by taxes. They met every failure with demands for more and more power and control... Then came chronic unemployment and frantic government spending in an effort to support the unemployed. Government debts mounted and finally government credit was undermined. And then came the complete takeover, whether it was called Fascism, Socialism or Communism.
Herbert Hoover, 1940

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