American Elephants


Never Enough, or What’s Wrong With the Welfare State? by The Elephant's Child

one-dollar-bill-largeFrom William Voegeli’s Never Enough:

“The socialist dream of organizing an economy around the purposes of advancing social welfare, as it is governmentally determined and meted out, seems destined to remain an abstraction, irrelevant to the world’s political and economic needs. One strange result of the collapse of socialism, and the absence of any other credible way to avoid relying on markets is that the welfare state is heavily dependent on the health of capitalism. The government cannot disburse wealth that never gets created, and creating the wealth required for modern, prosperous societies without the knowledge conveyed by prices set in markets appears to be impossible.”


Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: