Wednesday, November 19, 2008

Bush’s Real Legacy: The President Who Killed Capitalism!

Its funny how we’ve gone years thinking that George W. Bush would go down in history as being remembered for lying us into an unnecessary war in Iraq, and botching the government’s reaction to Katrina. But when it’s all said and done, he’s really more likely to be remembered as the president whose philosophy of unregulated free markets and thoroughly politicized but impotent government proved that unfettered capitalism leads to nothing but an economic “Lord of the Flies” that is unsustainable.

Left to Bush’s economic “survival of the fittest” ideas, wealth will naturally flow toward a small number of the most greedy, unethical, soulless bastards in the country. And yet, what we inevitably end up with is a situation where nearly everything is run by a small number of mega-corporations that are “too big to be allowed to fail!”

This, of course, leads to the forced “socialization” of these corporations by taxpayers, overseen by a government with absolutely no competence in managing such things!

My expectation is that in the A.B. Era (that’s After Bush), U.S. Governments will have no choice but to take a more socialistic approach to managing the economy and regulating commerce, with a view toward what is best for society as a whole rather than what is best for the greediest, most cut-throat members of society.

It took a long time to find a president so inept that he could, almost single-handedly, blow up the glorified image of what is known around the World as “American-Style Capitalism,” but George W. Bush proved that this was the one task he was up to accomplishing during his presidency.

And that will be his real legacy!

1 comment:

  1. As an aside, how would you like to be one of those people (and I know a few) who thought they were so smart because they kept refinancing to take more and more money out of their home equity to invest it in the stock market?

    "Tax deductible low-interest borrowing to get guaranteed high returns forever," they bragged!

    You know what they say about things that look too good to be true . . .