As Always, Law of Economics Will Prevail Against Liberal Economic Bunk

Written by William Pauwels on July 15, 2019

SUMMARY: America’s growing Leftist, hybrid political/economic system may prevail in the near term – but will fail in the long term.

Those who think the Democrat Party is not pushing Socialism are delusional or living in the past when the party was less radical.

All one needs to do is review the recent Democrat Party debates — two evenings of unbridled Leftist extremism — philosophies that have failed repeatedly wherever they have been tried.

As imperfect as it may seem to the casual observer, the American-Way — free-market enterprise and society is the only political and economic system that prevails and flourishes.

The American-Way has, however, deteriorated since its founding —moving from the success of almost perfectly Free-Market Capitalism in the 19th century to growing hybrid versions in the 20th and emerging 21st centuries.

Leftist influences in academia and the media have combined forces here in the USA to promote Marxist/Leninist/Communist/Socialist political and economic concepts under the deceptive mask of so-called Progressivism. Frankly, they have never succeeded wherever they have been tried.

Will America’s gradually evolving hybrid system prevail? Over the long term it is bound to fail. Simply look at America’s enormous and growing national-debt — and it’s ever-expanding, uncovered long-term debt.

Clearly, our growing hybrid-Socialistic system is doing its damage via the Leftist cover of Gradualism. However, the Laws of Economics will undoubtedly and ultimately prevail as they always do.
Hopefully, Gradualism will make the inevitable decline bearable for our ancestors — even if unappreciated by the under-informed masses.

Image: Adapted from by Gerd Altmann from Pixabay

You Might Like
William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.