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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: GraceZ who wrote (20888)1/9/2005 10:37:55 PM
From: JBTFD  Read Replies (1) of 116555
 
<I have no problem with the various goals of socialist efforts. I want a clean environment, I want poor people to have a chance to have a better life, I want children to live in relative safety. The problem I have with the particular socialist programs undertaken by the government are never judged empirically. In fact they seem to be exempt, when housing affordability programs result in higher priced less affordable homes the activists think we need to re-double the efforts, expand the programs. When government anti-poverty efforts result in a dramatic increase of those living in poverty, people proclaim, "Just think how bad things would be without our effort!" They don't make the connection between the programs and the broadening of the problem, that the intention to do good is enough to excuse the result. Whereas, the market, only rewards that which works, government can and does go on rewarding that which doesn't work for a very long time, meanwhile needless suffering continues.>

You make a good point here, but I think the situation is partly due to context. The resistance to revisit the effectiveness of a social program may very well be because of an awareness of the intent of neocons like Grover Norquist. They want to drown all government programs in the bathtub. They have said so publicly. And they are very effective at stripping programs of funding. So with this as a context it is not surprising to me that there is a resistance to revisit the effectiveness of any program. In republican speech to reform is to cut funding for. They want to reform social security. How much you want to bet the end result will include a cut in benefits?
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