Monday, July 25, 2011

End Of the Old Order

RealClearPolitics - The Crisis of the Old Order

The sub-prime bubble and the rise of BO accelerated the trend, but as Samuelson points out, the seeds of the demise were sown because the assumptions of the post WWII order were just wrong:

1) The Welfare State
2) Government controlled economic growth
3) Benefits of International trade

Now all three are in real trouble. Samuelson covers why -- and after his analysis, all but the committed lefty ideologues can see that "Real Change Is Here".

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