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]
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2 comments:

  1. Sean MJune 26, 2011 at 6:17:00 PM PDT

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

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  2. JRJune 27, 2011 at 10:32:00 AM PDT

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

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