Just look at this for example:
The Federal Reserve said Friday that it has voted to endorse an arrangement to bolster troubled Bear Stearns Cos. and stands ready to provide extra resources to combat a serious credit crisis.Of the US presidential candidates only Ron Paul understands what's happening and he's not going to be President. Poor America. And poor Europe as well.
The Fed announcement came in a brief two-sentence statement that was issued as stocks were plunging on Wall Street over worries that a plan to ease a liquidity crisis at Bear Stearns Cos. might not work.
But it misses the point of how large swathes of British society have been allowed to fall into such a state. Might it be because we have one of the greatest welfare dispensaries in the world, not despite it? We have a dysfunctional tax and benefits system that has encouraged joblessness at the expense of (overtaxed) work. And it is rampant welfarism that has allowed real poverty to spread. That is why rolling it back is surely the great moral mission today.The welfare state has destroyed the West. It's probably time to just sit back and watch the fun.