The myth of a democratic socialist society funded by capitalism is finished

Quote of the Day for Thursday, September 6th, 2012: Janet Daley, in The Telegraph, explaining to her fellow Britons why “We should tune in to the Romney and Ryan show”: What is being challenged is nothing less than the most basic premise of the politics of the centre ground: that you can have free market economics and a democratic socialist welfare system at the same time. The magic formula in which the wealth produced by the market economy is redistributed by the state – from those who produce it to those whom the government believes deserve it – has go...

The Great Entitlement Society Blows a Gasket or Two

It seems that The Great Entitlement Society has hit another bump in the road to paradise lately. Seeing California in the throes of economic meltdown has been one thing, but watching the Greeks taking to the streets to clash with police in frustration over government austerity measures that threaten the leisurely lifestyle of public sector “workers” who collect 14 monthly paydays per year until retiring at age 57 is breathtaking. Where do these clowns think the money to bankroll them is going to come from, and how is it that they are entitled to it? Well...