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Sunday, July 02, 2006

Warren Buffet: Socialist Dragoon

Mr. Buffet, an investment genius, is representative of the businessmen who make fortunes within the individualistic framework of capitalism, but are powerfully attracted to the collectivism of the socialistic welfare-state.  Like the heavily-armed cavalry dragoon, Mr. Buffet has employed his wealth to harass and pressure - to dragoon - for adoption of crippling economic policies that would push the nation back toward the economic and social disaster of President Lyndon Johnson’s Great Society.

This orientation is less a contradiction than one would expect.  Big business historically has preferred regulation by big government as a counter-weight to competition.

Posted by Thomas E. Brewton on 07/02 at 12:53 AM
Economics • (4) Comments
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