Great Society and New Deal. Empires stagnate and collapse because they keep layering one layer of bureaucracy on top of another until the system collapses into inefficiency and waste. The market forces companies to do this or go bankrupt—witness the 70s and 80s leading to the boom of the 90s. The American federal government needs to be cut back massively. I'm pessimistic about us having the will to do it.
To: Opinionated Blowhard
I blame the Great Society for our current mess much more than the New Deal—though the latter paved the way for the former. Its going to get very ugly before its over.
posted on 12/05/2010 11:07:40 AM PST
(When you see Obama, shout: "DO YOUR JOB!!")
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