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Friday, October 03, 2014

The Sources Of America's Political & Financial Dysfunction

The way to preserve great wealth is to buy political protection of that wealth. The way to protect great political leverage is to grease the machinery of governance with cash.

I confess that reading Francis Fukuyama's latest cri du coeur in Foreign Affairs,America in Decay: The Sources of Political Dysfunction made me think Mr. Fukuyama has either been reading or channeling Of Two Minds.com , as his brutal assessment of America's terminal political dysfunction reflects many of the themes I've been hammering on for the past 9 years.

Unfortunately for his readers, Mr. Fukuyama stops short of identifying the key dynamic in America's dysfunction: the exhaustion of Central Planning and centralized government as a "solution" for every ill. Despite his failure to cross the goal line and put truly incisive points on the scoreboard, Mr. Fukuyama does the nation a valuable service in cogently describing the dynamics of our terminal political dysfunction.

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