A wealthy broker of questionable repute is trying to sell a mutual fund. If it stock goes up, he says, you profit. If it goes down, he adds, he’ll send you a personal check to put it back on par with the original purchase price. He promises do this forever. Thus its value can’t decline, no matter how much you buy.
“We Russians are doomed to teach mankind,” wrote philosopher Grigory Chaadayev in 1848, “some awful lesson.” The lesson turns out to be more than proving socialism’s brutality and futility. It is also about the unlikelihood that elections alone will resolve a deep social and economic crisis.
In a state-funded education system, bad ideas live longer than they would in a free market. That’s the best explanation for the staying power of the two opposing errors of our time: nihilism and pseudo-omniscience in the social sciences.
Nihilism comes in the form of postmodernism, a pretentious body of academic blather that has invaded almost all academic fields over the last 15 years. Students despise it and good faculty fear it, while tuition-paying parents know virtually nothing about it.
Now in its seventh year, the school voucher experiment in Milwaukee, Wisconsin, is held up as a model for the nation. But the Milwaukee Parental Choice Program has found itself fighting its own track record as much as the city’s public school establishment. The early cascade of hurrahs has slowed in recent days. This is a thankful development, given the sense of racial entitlement that drives this program and other symptoms of voucher fever.
If there’s anything a government bureaucrat hates more than the unhampered market, it’s the automobile. He’ll do anything to take it away from people, though of course he’ll couch his true intentions in euphemistic banalities about “cleaning up the air.”
Shannon Faulkner’s two-and-a-half year fight to become the first woman in The Citadel’s corps of cadets went out with an embarrassing whimper. She couldn’t handle the physical and psychological demands of Hell Week, landed in the infirmary, and dropped out.
Media personality Kathie Lee Gifford took quite a pounding when the National Labor Committee, a labor union organization, found that some of the clothes sold under her label in the U.S. were made by children in a Honduran “sweat shop.”
In an episode of “Married With Children,” Jefferson Darcy tells Al Bundy that he can get fast cash by suing a mall for his stress-related injury. “Malls set aside millions for this type of thing,” says Darcy. “If we don’t get it, it’ll go to Social Security and then no one will get it!”
The good news is that supply-siders want to cut taxes. The bad news is...well, let’s accentuate the positive for the moment. The supply-siders reject Washington’s tendency to think in static terms. To most politicians and bureaucrats, the economy is a pie for the tax collectors and special interests to slice up and gorge themselves on. Then they are shocked when the economy stops growing.
Pizza deliverers have been robbed, assaulted, and killed. To protect their employees, and hold down liability losses, pizza chains like Domino’s won’t deliver pizzas in the highest crime areas. The company has cleverly developed computer software that allows its franchises to “flag” addresses that are unsafe. Some are noted as green (deliver), others as yellow (curbside only), and still others as red (no way).
