Monday, February 2, 2009
Time To Wise Up
Wanting to write strictly about economics and our economy was my objective when I started my blog MONEYTHOUGHTS about one year ago. Unfortunately, talking about our domestic economy without talking about the political impact on our economy is not looking at the complete picture. Politics plays a role and that role is here to stay. And, while I understand that role is here to stay, the level of discussion at times is so bad that I wonder if it is possible for us to get out of our own way.
Listening to Republican politicians talking about “American solutions” to our economic problems as if a German or French solution that works would be un-American is just upsetting. This kind of nonsense is not nonsense, this is, in my opinion, stupid. Economic solutions that work should not be discarded because someone outside of America came up with them. Would we turn down a cure to Cancer or Parkinson because it came from a scientist in another country? This whole idea that the United States must only use “American solutions” to her economic problems is just plain stupid, but some people are trying to sell this idea.
The economy of the United States has both elements of capitalism and socialism as do much of the world’s largest economies. No country is without some aspects of a socialist economy. Social Security, Medicare and a standing army, navy, air force and marines are socialists aspects of the same Federal Government. Do we want to remove the police and fire protection from our communities as well? These are all socialist aspects of our economy. Anytime the government takes on a role or a job that is not handled by the private sector, it is socialism. Socialism is not the problem. Corruption and waste are the problems.
Americans need to wise up. The crap they are being feed on the radio and TV by politicians, radio guys and talking heads about socialism is just so much nonsense. Our form of government and our economy has aspects of socialism and has had them for many many years. The Stimulus Bill before Congress is necessary to our well being. It is time to wise up and not be scared by labels like socialism.