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Old South Economic Renaissance Leaving North Behind
Forbes ^ | 01/03/2012 | Bill Flax

Posted on 01/04/2012 4:20:22 AM PST by billflax

Remember those cartoons with the feisty Confederate snarling, “Lee surrendered. I didn’t.” Well, Dixie has risen, but it seems more “If you can’t beat ‘em, join ‘em.” Southern Hospitality now welcomes corporations as it once did travelers.

There is little respite from the national economic doldrums Americans endure due to debased dollars, tax and regulatory uncertainty plus a popular culture increasingly resentful of success. But internal shifts signal that the South beats the North in more than just SEC football dominance.

The South long disdained Yankee capitalism, but now in many respects she exhibits freer markets than her historic rival. Slavery, the ultimate infringement on freedom, severely impeded development. Adam Smith and numerous others long observed its debilitating drain on productivity.

In addition to crushing the spirits of slaves and corrupting the character of masters, slavery thwarted technological innovation and incarcerated capital in sub-optimal uses. Southern economic prowess proved illusory. Rebel forces fought ferociously, but wilted before the better fed, equipped and armed Union juggernaut.

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TOPICS: AMERICA - The Right Way!!; Business/Economy; History; Society
KEYWORDS: capitalism; civilwar; economy; obama; righttowork; slavery; taxes; unions
Great for the South. Let's get the North rolling too.
1 posted on 01/04/2012 4:20:28 AM PST by billflax
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To: billflax

It has been said before:

This Election is about Freedom.

Pretty simple?

2 posted on 01/04/2012 4:27:52 AM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: billflax

The North (and California) are big government states while the south (and the Dakotas) are business friendly. If you own a business, would you base it in California, New York or Connecticut or in North Dakota, Texas, or Virginia?

3 posted on 01/04/2012 5:12:33 AM PST by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: ExCTCitizen

In the column, the writer rolled out the old canards about segregation, etc. He ignores the laws passed through the 60’s that routinely put the south at economic disadvantages, and stripped tax revenue, sending it to the northeast.

4 posted on 01/04/2012 5:50:57 AM PST by rstrahan
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To: billflax

Unions have destroyed the rust belt.

The south are right to work states.

5 posted on 01/04/2012 6:12:56 AM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: onedoug


6 posted on 01/04/2012 10:56:08 AM PST by stylecouncilor (Some minds are like soup in a poor restaurant...better left unstirred.-PG Wodehouse)
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To: stylecouncilor

¨Liberty¨ ¨E Pluribus Unum¨ ¨In God We Trust¨

¨The American Trinity on every coin.¨ —D Prager

7 posted on 01/04/2012 11:08:47 AM PST by onedoug
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