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QUOTE from comments, made 7 years ago:
All the memories of Canadian public school are coming back to haunt me. The making up of facts (most people don't in fact work for a large corporation), the simplistic theorizing, the egalitarian fundamentalism, the disregard for economic reality (there are costs involved in these social welfare programs), and naturally, the disregard for history. In what fantastic delusion are the 1970s the decade of prosperity?
How are high unemployment rates and high inflation rates demonstrative of success? The lesson of the 70s was that Keynesian economics are far too short-sighted, and will bankrupt you in the long run.
If you had taken the time to look at the story from an economic point of view, you'd see that the late 1980s through the 1990s was an enormously productive and prosperous period for people throughout the world--hundreds of millions of people in China for the first time were lifted out of poverty thanks to free-market economic reforms, the ludicrously unnecessary burden of communism was lifted off East Europe, and neo-liberalism flourished in the West. An uncommonly long era of peace, vast improvements in the standard of living worldwide, advances in civil freedom--hardly a record that can be written off by a man doing a cheap stunt involving water balloons, no matter how satisfying it may be to his indulgent leftism. END QUOTE
Seems to sum it up in the simplest terms. |
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