Hi Frank. The Economist really is a great example
of the damage an "elite education" can do ! Some here may find that shocking. But before anyone starts pounding on poor ole Iso, please take what follows into account first.
Like America's top Ivy League schools, ever since the 1930s Oxford, Cambridge, et al in Britain have been burdened with overwhelmingly left leaning faculties and administrators. As a result, every sector of society in both nations had it's best and brightest "educated" that the liberal left, socialist and politically correct path was the most beneficial one for society.
When I was an undergrad, at Rugters in the 1960s my faculty advisor was a very vocal and publically avowed Communist. In fact, the entire New Jersey gubinatorial election in 1968 was turned into a real bar room brawl when ole Rutgers prof Gene Genovese declared that he "Welcomed a Viet Cong Victory". The guy scared the hell out of me. And I was a liberal when I was young !!
Anyway most of the professors at my alma Mater were far more subtle to say the least. But suffice it to say that in large part because of the way it's opinion leaders in every area of society have been educated during the past 60 years, the history of the english speaking world's balooning big government left liberal social welfare state THAT education produced amon its leaders has chronicled in chapter and verse how, "The road to hell is paved with good intentions" !
Many of the same people who planned and executed the BOE gold bullion firesale (one of the last remaining treasures of the former British Empire) sat in the same classes with the editors and feature writers of The Economist.
And on this side of the Atlantic, it's interesting to note that Robert Rubin as well as Bill Clinton and others in the most politically correct and ideologically combative administration I can remember in my lifetime were Rhode Scholars, after of course getting great preparation at Yale and other Ivy League schools in the US.
What I'm trying to say is that it's just as important to look at Big Picture multi-decade trends in the socio/political arena as it is with major LT economic and stock market trends.
Well, so much for Iso's rant for the day.<G>
Feeling a tad better today. Hope it isn't another flash in the pan....
Best,
Isopatch |
