Post: LONDON BURNING

 England has developed a culture of entitlement which meets the basic material needs (and more) of young people but also emotionally consigns them to dependency on the welfare state. There is little possibility for advancement except via greater and greater government handouts . . . and now the bills are coming due, which actually means less and less government handouts. Hence, the rage. In the US, there is much greater economic mobility; if you don't significantly screw up your life by the time you turn 21, the chances are pretty good that you are going to move upwards over the course of your life. (Most rich Americans are elderly and did not start out rich). America, however, is headed in the direction of England, which is one more reason we need to rein in entitlements sooner rather than later.

Post: CAPITALISM AND CONSEQUENCES


It is a brute fact of human nature that a certain percentage of the population will always find ways to screw up their lives—regardless of government efforts to keep them from doing so. But that propensity for self-sabotage will necessarily undermine their measurable equality with their fellow citizens. In a capitalist economy, if two employees with equal qualifications are hired at equal salaries on the same day, but Employee A goes out and gets drunk every night, while Employee B goes home and gets a good night’s sleep, over time the quality of Employee A’s work will likely suffer in comparison with the quality of Employee B’s work. So, too, will his rewards.


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