Sunday, October 12, 2008

In Times of Crisis, Turn to Socialism?

Do our political & financial leaders believe in free market capitalism?

The recent financial meltdown has been met with calls for unprecedented governmental intervention--taking stakes in the leading banks and ownership of financial institutions, short-term regulatory quick fixes, and the transfer of unlimited taxpayer dollars to the Treasury with no oversight.

In the depths of a crisis, the first instinct of our supposedly free enterprise-loving leaders is to stampede headlong in the direction of socialism as the answer to our gravest problems. Clearly, they don't believe in capitalism, and governmental interference is contributing to the panic.

Syncronized with the declining financial values on Wall Street are John McCain's political fortunes. Just as the stock market began its precipitous fall, so did McCain's poll numbers.

Barack Obama is the closest thing to a socialist in the political race, and he is the beneficiary of the turmoil. So not only our governmental leaders turn to socialism in a time of crisis, but apparently the American public and voters do as well. McCain has favored the bailout as well, but the socialism candidate in this race is Obama, not McCain, and socialism is winning handily at this point in time.

The liberal Congress is expected to become even more liberal after the November elections. Socialism is yawping on the horizon.

Why the sudden eagerness to jettison free enterprise? Hasn't it given us the greatest country on earth, with millions and millions attempting to move here legally and otherwise? And hasn't socialism proven to be a terminally failed idea that hasn't succeeded anywhere?

What is the attraction to an idea that is in the trashcan of history? Does anyone really expect anything good to come of it?

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