A PORT IN THE COMING STORM

Posted in Rants on November 6th, 2007 by Ed

I lack the time for an in-depth entry today, but please, please take the time to read this (Part I and Part II) discussion of "the greatest story never told."

You know what I find really ironic about the post-2001 Neocon Economy? It's encouraging people to work for the government. They stand there cheering and rationalizing as one industry after another pulls up its chutes and heads to the third world. Since all of our "economic growth" these days is nothing more than consumer spending dumped on credit cards, the entire matchstick house depends on individuals' ability to service their debt. Losing a decent job and replacing it with a Taco Bell shift won't cut it. So where do we look for stability? Un-outsource-able jobs? Working for the government. Teachers. Cops. Professors. District attorneys. Civil servants. Face it, in another 20 years that's essentially all that will be safe from outsourcing. If today's "knowledge economy" superstars really think that there won't be Indian and Indonesian accountants, lawyers, IT people, etc., ready to take their jobs they're in for a charming surprise.

So thanks, Cato Institute! You've gotten your way, and now "the market" is telling us that the best (and perhaps only) bet is the government teat.