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The Progressives' Legacy of Bankruptcy

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  • The Progressives' Legacy of Bankruptcy



    Our debt crisis, in sum, has everything to do with the transformation of morality and government effected by the late-19th- and early-20th-century Progressive movement. Far from being largely ineffectual reformers, the Progressive academics who articulated the new conception of Freedom and the “positive” State, outlined above, were also the initiators of the entitlement programs that lie at the core of our crisis today. How Americans ultimately decide to resolve this crisis — by reining in spending or meekly submitting to far higher taxes — will serve either to revitalize the Founders’ conception of freedom, and the idea of limited government that flows from it, or seriously accelerate America’s century-long slide into the “overlordship” of Progressivism.
    It's a fairly long read but quite interesting. The timing and intents of Progressive economists the author talks about brings a number of political events of the early 20th century into focus.

  • #2
    It is a very good article, thanks for posting it.

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    • #3
      I think the country will continue slipping into the "overlordship" of Progressivism, and the pace of slippage will only accelerate as the Nintendo generation hits the ballot boxes. It's the generation of cheat codes and the reset button, where if you can't cheat your way to a win or if things are going badly you can simply quit and use the safety net of the reset button with no real consequences.
      Their safety net in real life will be the government bureaucrats who are more than happy to run their lives for them.

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