The Capitalist Engine Can No Longer Fund Modern Socialist Societies

All parties must come to an end. So seems to be the case in Europe and America these days. Most of the Europeans appear to be in deep denial about this, as are at least 45% of Americans. The Telegraph’s Janet Daley illustrates the contrast:

Last week’s Republican national convention sharpened what had been until then only a vague, inchoate theme: this campaign is going to consist of the debate that all Western democratic countries should be engaging in, but which only the United States has the nerve to undertake. The question that will demand an answer lies at the heart of the economic crisis from which the West seems unable to recover. It is so profoundly threatening to the governing consensus of Britain and Europe as to be virtually unutterable here, so we shall have to rely on the robustness of the US political class to make the running.

The comments on the column, from what one would assume are mostly British residents, will provide tremendous insight for future historians about how deeply in denial about the current dismal fiscal situation their country is truly in. In fairness, one can’t reasonably argue that most Canadians would be any more intelligent.

How’s That Hopey-Changey Thing Working Out For Ya?

Michael Barone;

I’ve been to 22 Democratic and Republican National Conventions in one way, shape or form (see my reflections in this August 25 Wall Street Journal piece) and I’ve been on the floor in 17 of them. So naturally on arriving in Charlotte, I wanted to see the floor of the 18th. So I went over to the Times-Warner Center (the Charlotte Convention Center, like the Tampa Convention Center, houses the press; the convention in each case is in a basketball/hockey arena). And I have one word to report to you. Tiny! Bill Plante of CBS News, who started attending conventions in 1968, when he lugged baggage for Mike Wallace at the Republicans’ convention in Miami Beach, agreed with me that it was the tiniest convention floor he’s ever seen.

Well, this will turn things around.
Related: Clint Eastwood was right.

“Organic” Is The Latin Word For “Grown In Pig Shit”

Stanford Scientists Cast Doubt …

When we began this project, we thought that there would likely be some findings that would support the superiority of organics over conventional food,” said Dr. Dena Bravata, a senior affiliate with Stanford’s Center for Health Policy and the senior author of the paper, which appears in Tuesday’s issue of the Annals of Internal Medicine. “I think we were definitely surprised.”

I’ve always been ahead of the curve.
(h/t Rizwan)

Ho-hum

Apathy – noun, plural ap·a·thies.
1. absence or suppression of passion, emotion, or excitement.
2. lack of interest in or concern for things that others find moving or exciting.
3. Also, ap·a·thei·a, ap·a·thi·a  [ap-uh-thee-uh] Show IPA. Stoicism . freedom from emotion of any kind. *

Reality is Reality. Everything Else Is Just Seven Second Delay.

What’s that deep groaning sound coming from the walls of the dam?

“Even an unreal economy reported on by an unreal media cheering on an unreal leader can only run for so long until reality punches through the illusion, the curtain falls, the magicians scramble off the stage with rabbits and doves tucked into their pants, and everyone wakes up to realize that the dream is over and we realize that we are entering a world where the stories no longer matter and history is about to begin.”

Highly related:

As described by Glenn Reynolds in a classic 2002 essay, a preference cascade occurs when people trapped inside a manufactured consensus suddenly realize that many other people share their doubts. Preference falsification works by making doubters feel isolated and alone. In a totalitarian society, the dissenter fears that if he speaks up, his will be a lone voice, easily squashed by the enforcers of the regime. When dissenters realize they are not alone, and the true strength of their numbers becomes apparent, “invincible” regimes vanish with astonishing speed.

Indeed.
(A repost, from EBD)

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