Monday , September 23 2019
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America’s Two-Party Trainwreck

Summary:
The Democratic Party already has a big wagon of snake oil to “cure” all that: socialism. They’re completely up-front about it. Anyway, it’s just another name for the periodic forced redistribution of wealth from the fat and greedy over-class to the suffering underclass — an understandable impulse in societal extremis, but one with universally unappetizing side-effects, namely the destruction of consensual economic relations. The catch in this instance is that the “wealth” they seek to redistribute will be exactly what goes up in a vapor when the stock and bond markets implode, along with the world’s fiat currencies.

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The Democratic Party already has a big wagon of snake oil to “cure” all that: socialism. They’re completely up-front about it. Anyway, it’s just another name for the periodic forced redistribution of wealth from the fat and greedy over-class to the suffering underclass — an understandable impulse in societal extremis, but one with universally unappetizing side-effects, namely the destruction of consensual economic relations. The catch in this instance is that the “wealth” they seek to redistribute will be exactly what goes up in a vapor when the stock and bond markets implode, along with the world’s fiat currencies.

https://www.lewrockwell.com/2019/07/james-howard-kunstler/i-hear-that-train-acomin/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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