No matter how much borrowing the government undertakes, the only thing one can be certain of is that socialists will always claim it was never enough.
Although the article concerns the American experience with an avalanche of Covid crisis borrowing, the lessons apply equally well to Canada.
“The idea that “governments alone” can provide the “expertise and judgment” necessary to lead the way during an economic crisis is one that fails to recognize the shortcomings of large bureaucracies.
Governments are necessarily unequipped to deal with economic crises partly because they suffer no consequences for their mistakes. It is the people, the business owners and consumers alike, who pay the ultimate price.
Government’s lack of skin in the game excludes their so-called expertise. After all, if a single mom who’s a shop owner in rural Indiana loses her livelihood because of the mandated lockdowns, the governor won’t suffer a thing over it. The shop owner, on the other hand, will lose her home and be unable to feed her children.”
The other problem is they’ve imposed and implemented a massive amount of laws, restrictions and regulations that anything you do is illegal and subject to their fines.
Only people like themselves have exemptions.
I think it’s far past time to rename the ” No True Scottsman” fallacy as the “No True Socialism” fallacy since it comes up a whole lot more often.
Also, if you want a prima facia example of how well socialism works in the west, you only have to look at the majority of Indian Reserves in canada.
Governments everywhere seem to want Big Union Representation everywhere, Professional Associations at a minimum and definitely very few small businesses. Dat vay dey can vatch YOU better! Is dat a Bilderburg order?
Off topic, but not really: Pat Condell has a new video out.
A crisis in free speech
https://www.youtube.com/watch?v=epozNGNU6Yg
No, it isn’t real socialism. Fortunately.
Real socialism has never been realized anywhere. Democratic Kampuchea came close though.
The socialists won’t be happy till they’ve expropriated and murdered everybody posing a threat to their rule—which is everybody with the wits to potentially organize a successful slave revolt.
It hasn’t gotten to that point yet. The Khmer Rouge were driven from power by the Vietnamese after three years, during which the Khmer Rouge had murdered or driven off anybody in Cambodia capable of fighting an enemy who shot back. The generals of the pre-Khmer Rouge government were among the first to die.