Al Rufty called my attention to Charles Krauthammer’s disturbingly on-target picture of the more fully socialized political society now being structured by RINOs in the White House, Treasury, and the Fed.
Read Mr. Krauthammer’s article here.
Leaders in the incoming Obama administration already are trumpeting a New New Deal.
Franklin Roosevelt, in the 1930s, nationalized agriculture (where it yet remains) and briefly (until the Supreme Court quashed the National Recovery Administration) placed all of industry under the control of Federal industry councils that were modeled on Mussolini’s Fascist state corporatism.
More importantly in the long run, FDR arrogated to the Federal government political functions that the writers of the Constitution explicitly intended to remain with the states as part of the Constitution’s checks and balances. The Federal government, before FDR, had collected about 30% of all taxes; after the New Deal, it collected more than 70% of the taxes.
Today the Federal government, under President Bush and soon under president-elect Obama, is taking another giant step toward socialism, which, contrary to popular understanding, necessitates only regulatory control by political-state planners. As Mr. Krauthammer tells us, Washington will henceforth assert policy, as well as regulatory, control over the financial community and large parts of industry, commencing with the Big Three automakers.
This path leads to the economic and social disintegration that Friedrich Hayek foretold, with striking accuracy, for post-World War II Great Britain in The Road to Serfdom. Under the blanket control of the socialist Labour Party, Britain became the sick man of Europe, with years of rationing, high unemployment, and stagnant industry.
The United States is about to swallow the same poison.
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