This is encouraging. If there is any place where free market reforms can help people practically immediately it is in the inner cities of the United States. Decades of massive government in our metropolises have created nothing but poverty and war zones, death, addiction, and despair.
Lemonade stands are one of the greatest things that have ever been and likely will ever be.
Pot is by far the illegal drug of choice for Americans. People want it. It’s part of American culture. It is relatively safe. It also is a huge source of income for the Mexican cartels. Legalize the drug and the profit margin on what is essentially a vegetable (but easier to grow than broccoli) disappears. As the profits diminish so too does power and influence.
It’s a question I have asked since I was a small boy. John Stossel asks it in the attached piece.
I don’t agree with the author on every point, but agree with him on most.
In case you missed the ad here it is.
In an article entitled Washington, DC, The Land of the Well Educated Rent Seeker, I say that Washington, DC reminds me a lot of the gleaming capital in The Hunger Games movie.
“In truth there is no such thing as a growth industry. There are only companies organized and operated to create and capitalize on growth opportunities. Industries that assume themselves to be riding some automatic growth escalator invariably descend into stagnation.”- Theodore Levitt
The above quote is as true for countries as it is for companies. Countries do not just grow because that is the way it is and how it forever shall be. Countries succeed because of good institutions and hard work. These two things are absolutely necessary.
Sadly, at this moment I think that it is. The sparkle has gone out of America’s eye. A dozen years of war, an ongoing deep recession, racial distrust, an increasing lack of opportunity, and very significantly an increasingly expansive and coercive state have done much damage to what we call “America.”
President Obama has something to do with this. Though he is by no means the sole culprit. He is an executive without any business experience to speak of, no military experience to speak of, no executive experience to speak of, who does however have a great deal of experience in the world of political correctness which swept into academia in the late 1980s and 1990s. I sense that his world view is one of contempt for the country he now “leads.” Many other people feel it too.