No matter which party or candidate wins the upcoming presidential election,

Manhattan Institute senior fellow, director of the Institute’s Center for the American University, and president and trustee of the William E. Simon Foundation

Manhattan Institute senior fellow, director of the Institute’s Center for the American University, and president and trustee of the William E. Simon Foundation

“…the postwar welfare state that took shape in the 1930s and 1940s and extends to the present… is now in the process of breaking up.”  [My italics]

 And… there is no stopping it.

 This breakup, inevitable to be sure, has been greatly accelerated by recent Administrations, especially the Obama Administration  “…because they respond to constituent pressures, lobbyists, and campaign donors, are incapable of allocating capital on a rational or disinterested basis; [and] allocate funds on the basis of political rather than economic signals. Private investors, whatever their flaws, do a far better job of allocating capital than modern governments could ever do.” Witness the rapidly deteriorating fiscal and moral state of America today, savaged by an ideology that has displaced liberal thought with purely partisan ambition. – Quotations from Shattered Consensus, Encounter Books, New York, London, Copyright © 2015 by James Piereson, Pages xiv and 26.

About Michael

Retired military officer; retired Air Force civil servant; retired executive, DS Information Systems Corporation; writer; researcher; reader and avid yachtsman.
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