Dambisa Moyo is that rare type of person – an economist who makes waves. Her first book, Dead Aid, angered many in the charity sector by arguing that foreign aid has harmed Africa and should be phased out.
Her second, which is published in London on Thursday, accuses America and other Western powers of squandering their world economic dominance through a sustained catalogue of fundamentally flawed policies.
How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices Ahead goes so far as to predict that the US will be a “bona fide socialist welfare state” by the latter part of this century.
“Indeed, if nothing else changes it from its current path,” writes Moyo, “it is almost certain that America will move from a fully-fledged capitalist society of entrepreneurs to a socialist nation in just a few decades.
“The trouble is, it won’t be just any socialist welfare state… the US is on a path to creating the worst and most venal form of welfare state [poorly developed and designed] – one born of desperation from many years of flawed economic policies and a society that rapaciously feeds on itself.”
She’s right.
socialist welfare states are very expensive. She doesn’t say where the money is coming from, Europe is borrowing it which cannot go on forever
The USA has a massive debt without a “socialist welfare state”, sooner or later thoughs lending the money will sell no more.
Look eastward!
This; http://www.acting-man.com/?p=5940 spoilt my weekend so it’s only fair to share it 🙂
this is going on in my country and most of Europe right now – welcome to UN’s New World Order
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The will of man is not shattered, but softened, bent, and guided; men are seldom forced by it to act, but they are constantly restrained from acting. Such a power does not destroy, but it prevents existence; it does not tyrannize, but it compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to nothing better than a flock of timid and industrious animals, of which the government is the shepherd.
Thus it every day renders the exercise of the free agency of man less useful and less frequent; it circumscribes the will within a narrower range and gradually robs a man of all the uses of himself. The principle of equality has prepared men for these things;it has predisposed men to endure them and often to look on them as benefits.
http://blogs.telegraph.co.uk/news/jamesdelingpole/100069795/the-most-important-book-of-2010/
“Indeed, if nothing else changes it from its current path,” writes Moyo, “it is almost certain that America will move from a fully-fledged capitalist society of entrepreneurs to a socialist nation in just a few decades….
It won’t take that long. It’s on the fast track to it NOW. The next year or two will either put America back on the right track or there will be a collapse into a Marxist mess with the beauty of “America” gone forever. I don’t think most Americans want Marxism. So I think there will be revival of what we know America is supposed to be. It will be a thrill to see it happen!
Ayn Rand forsaw this happening and wrote a book. Everyone needs to read Atlas Shrugged to understand where we are headed.
She is too late.