Saturday, June 16, 2012

David Brooks on Republican Thought...

by: Les Carpenter
Rational Nation USA
Liberty -vs- Tyranny


For those wondering why republicans (some anyway), conservatives, and libertarians are not bullish on America's future the following excerpt from a The New York Times opinion article sums it up pretty well I think. As such it needs no further commentary or analysis.

The New York Times, David Brooks - “We have a sense that the economic order we knew in the second half of the 20th century may not be coming back at all — that we have entered a new era for which we have not been well prepared. ... We are, rather, on the cusp of the fiscal and institutional collapse of our welfare state, which threatens not only the future of government finances but also the future of American capitalism.”

To Republican eyes, the first phase of that collapse is playing out right now in Greece, Spain and Italy — cosseted economies, unmanageable debt, rising unemployment, falling living standards.

America’s economic stagnation is just more gradual. In the decades after World War II, the U.S. economy grew by well over 3 percent a year, on average. But, since then, it has failed to keep pace with changing realities. The average growth was a paltry 1.7 percent annually between 2000 and 2009. It averaged 0.6 percent growth between 2009 and 2011. Wages have failed to keep up with productivity. Family net worth is back at the same level it was at 20 years ago.

In America as in Europe, Republicans argue, the welfare state is failing to provide either security or dynamism. The safety net is so expensive it won’t be there for future generations. Meanwhile, the current model shifts resources away from the innovative sectors of the economy and into the bloated state-supported ones, like health care and education. Successive presidents have layered on regulations and loopholes, creating a form of state capitalism in which big businesses thrive because they have political connections and small businesses struggle.

The welfare model favors security over risk, comfort over effort, stability over innovation. Money that could go to schools and innovation must now go to pensions and health care. This model, which once offered insurance from the disasters inherent in capitalism, has now become a giant machine for redistributing money from the future to the elderly.

This is the source of Republican extremism: the conviction that the governing model is obsolete. It needs replacing.

Mitt Romney hasn’t put it this way. He wants to keep the focus on President Obama. But this worldview is implied in his (extremely vague) proposals. He would structurally reform the health care system, moving toward a more market-based system. He would simplify the tax code. He would reverse 30 years of education policy, decentralizing power and increasing parental choice. The intention is the same, to create a model that will spark an efficiency explosion, laying the groundwork for an economic revival. [Read Full Article]

Indeed.

Via: Memeorandum

1 comment:

  1. Put THAT way, Romney sounds more bearable. IF he means what he says (he is a politician, after all).

    ReplyDelete

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