It's true that the U.S. health care system is a mess, but this demonstrates not market but government failure. To cure the problem requires not different or more government regulations and bureaucracies, as self-serving politicians want us to believe, but the elimination of all existing government controls.
The international diamond cartel, the most successful cartel in history, far more successful than the demonized OPEC, is at last failing on hard times. For more than a century, the powerful DeBeers Consolidated Mines, a South African corporation controlled by the Rothschild Bank in London, has managed to organize the cartel, restricting the supply of diamonds on the market and raising the price far above what would have been market levels.
Special interests have long used the democratic political process to produce legislation for their own private benefit, and the U.S. Constitution contains flaws that make this easier. One attempt to remedy these flaws was the Confederate Constitution.
In contrast to conventional wisdom, from Keynesian to monetarist to eclectic, Austrian theory has recently triumphed over its host of detractors in the following ways.
Gather round, taxpayers! This is the moment you've been waiting for! Time to calculate your Peace Dividend! Now that our archenemy, the Soviet Union, is disintegrating into throat-lozenge-sized independent republics with names like "Huzzubegonia," whose primary military activity is knocking over statues of Lenin, we don't need a Defense Department anymore. This means that you, the taxpayers, MAY ALREADY HAVE WON BILLIONS OF DOLLARS! SO DON'T THROW AWAY THIS NEWSLETTER, because we are ABOUT TO TELL YOU THE SIZE OF YOUR PEACE DIVIDEND! Get ready! Better lean close to the page so you won't miss it! That's it—just a little closer... here it comes...
Now that communism has collapsed, the most powerful socialist force in the world is the coalition between George Bush and the national Democratic Party. The Washington establishment has learned absolutely nothing from the collapse of socialism. It still ignores Ludwig von Mises and the Austrian School by responding to its worldwide collapse with—you guessed it—more socialism.
The need for privatization is urgent, but unless ex-communists disabuse themselves of the notion that government should administer the transfer of state properties to private hands, privatization will remain an empty promise, and enervated state systems will lumber on indefinitely.
Eco-socialists have to find some way to "Sustainable foist their ideas on the public. The term "socialism" doesn't sell anymore, but there are proxies. One is "sustainable development."
Last March, I laid out my "Thirty Day Plan" for de-socializing America. But I didn't scrap all of big government; now it's time for more:
Labor unions are flexing their muscles again. Last year, a strike against the New York Daily News succeeded in inflicting such losses upon the company that it was forced to sell cheap to British tycoon Robert Maxwell, who was willing to accept union terms. Earlier, the bus drivers' union struck Greyhound and managed to win a long and bloody strike. How were the unions able to win these strikes, even though unions have been declining in numbers and popularity since the end of World War II?
