Does “Creative Destruction” Include the State?
By Charles Hugh Smith
August 1, 2015
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Under the tender care of the state, we now have uncompetitive, inefficient parastic cartels dominating higher education, national defense, healthcare insurance, pharmaceuticals and hospitals– to name but a few of the major industries that are now state-enforced cartels thanks to the heavy hand of the state (i.e. regulatory capture ).
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Why can’t “empires” fail?
It has happened all through history.
IMHO it will be the debt — and unfunded liabilities —that drowns the USA. It was the failure of the USSR centralized economy that brought it down.
Only truly free markets maximizes everyone’s outcomes with a minimum of inefficiency.
Only “capitalism” lifts the poor to a higher standard of living without conflict. (Even Bono recognized “enterprise” was better than “foreign aid”.)
It seems like Gooferment is the instrument of poverty. Look at Africa!
Look in the USA. Between the welfare “prison” and the “(pseudo) War on (some) Drugs”, the minority communities have been devastated!
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