Sunday, June 26, 2011

Socialism - "...an unsustainable Ponzi scheme..."

Victor Davis Hanson:
... So what is socialism? ...  – an unsustainable Ponzi scheme in which elite overseers [intellectuals] , for the duration of their own lives, enjoy power, influence, and gratuities by implementing a system that destroys the sort of wealth for others that they depend upon for themselves....
... When this latest attempt at statism is over, Barack Obama will enjoy a sort of Clintonism, a globe-trotting post officium lifestyle of multimillion dollar honoraria to fund a lifestyle analogous to “two Americas” John Edwards, “earth in the balance” Al Gore, a tax-exempt yachting John Kerry, a revolving-door Citibank grandee like Peter Orszag, or a socialist Strauss-Kahn in $20,000 suits doling out billions to the “poor.” ...
[h/t]

2 comments:

Sean M said...

Thanks for the post. The first paragraph pretty well says it all. Barack Obummer, like having Bernie Madoff in the Oval office.

JR said...

Heh. "Obummer ... Bernie Madoff in the Oval office." Good one, Sean :)