There is a depression, we need to face it and get cured.
By Daniel at 21 November, 2009, 8:10 pm
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America’s greatest export during its great ascent in the 20th century was freedom. Free markets, free speech, free elections, free minds.
The freedom to innovate and succeed or fail;the freedom to be accountable for one’s decisions and actions; the freedom to take the lonely path less traveled that often led nowhere but sometimes led to rich hidden treasures and unexpected vistas that inspired and motivated entrepreneurs and inventors and liberators.
When America stopped exporting freedom because its Bosses no longer believed in it and its reigning elites began to import collectivism , class warfare and contempt for entrepreneurship and middle class values, then the moral and intellectual balance of trade turned against the USA and continues to worsen by the month.
The worse the moral and intellectual balance the more debased and devalued becomes the polity. This devaluation is now being made tangible in the disgrace of the dollar( from as sound as the dollar to as fake as a dollar….), in the glorification of entitlements and instant gratification, in the mutilation of markets and institutions, in the accelerating corruption of the US Regime and in eroding civil society. As the moral and intellectual net worth of America is depleted so is its capacity to create real wealth and enduring competitive advantage.
America cannot “be” Europe or Asia : it can only “be” itself; either much worse than Europe or Asia, which is the present trajectory or far, far, better which is what a rediscovery of liberty and the truths of the Constitution will lead to.
Yes, there is a depression but it is a moral and intellectual one. Unless faced and cured, it will surely become a social and economic one. This depression is from within and from within may come the cure and restoration.
No contender is defeating America the Champion; it is defeating itself. Greed, vanity, deceit is what the US Regime now gorges itself on every day…….This is not the breakfast of champions.
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