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  • Adriane shared from The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class by Fred Siegel
    allies, liberalism has been dedicated to preserving the problems for which it presents itself as the solution. In today’s America, those who claim to be morally superior all too often enjoy both neo-Gilded Age wealth and close ties to government. After the government-driven failures and excesses of the past forty years, liberalism has become an ugly blend of sanctimony, self-interest, and social connections. When the editor-in-chief of the popular liberal website Slate, frustrated with opposition to Obama’s expansion of the federal government, entitled an article “Down with the People,”...
  • Adriane shared from The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class by Fred Siegel
    The best short credo of liberalism came from the pen of the once canonical left-wing literary historian Vernon Parrington in the late 1920s. “Rid society of the dictatorship of the middle class,” Parrington insisted, referring to both democracy and capitalism, “and the artist and the scientist will erect in America a civilization that may become, what civilization was in earlier days, a thing to be respected.” Alienated from middle-class American life, liberalism drew on an idealized image of “organic” pre-modern folkways and rhapsodized about a future harmony that would reestablish...
  • Adriane shared from The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class by Fred Siegel
    The set of cultural and emotional attachments, the political libido of liberalism, so to speak, coalesced in the wake of WWI in an angry repudiation of Progressivism and Woodrow Wilson. Modern liberalism preceded the New Deal by more than a decade. The very term “liberal,” in its modern usage, was coined by writers and intellectuals who defined themselves by their hostility to the middle class and the moralistic Progressives who had imposed Prohibition in 1919. As The Revolt Against the Masses will show, liberalism began as a fervent reaction to wartime Wilsonian Progressivism, and it took...
  • Adriane shared from The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class by Fred Siegel
    middle, or end. The story of liberalism is more than an account of how the administrative state broke free of its constitutional bonds. Liberalism, like its rivals, including communism, fascism, and social democracy, emerged as part of the early twentieth century’s intellectual response to the newly emergent realities of mass production, mass politics, and mass culture. Like fascism and communism, liberalism was strongly influenced by the Nietzschean ideal of a true aristocracy that might serve as a corrective to the perceived debasements of modern commercial society shorn of traditional hierarchies....
  • Adriane shared from The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class by Fred Siegel
    Like communism, Fabianism, and fascism, modern liberalism was a vanguard movement born of a new class of politically self-conscious intellectuals. Critical of mass democracy and middle-class capitalism, liberals despised the individual businessman’s pursuit of profit as well as the conventional individual’s self-interested pursuit of success, both of which were made possible by the lineaments of the limited nineteenth-century state. Snobbery is not new to liberalism. But the actual history of liberalism will be new to most readers, which is my reason for writing this book. The history of liberalism...
    Note: Self conscious rings many bells of not self actualized. Too bad- they need a platform.
  • Adriane shared from Street Smarts: Adventures on the Road and in the Markets by Jim Rogers
    less rigorous system, and it shows in the caliber of our leadership: Clinton, Bush, Obama … Could it be any worse? Chinese leaders voluntarily give up their power after a certain number of years, and they pass it on to carefully selected, rigorously vetted successors. I am sure Confucius would have approved wholeheartedly. He authored the texts in which the scholar-bureaucrats, or mandarins, were schooled, the classics upon which the imperial examination was based. If you proved to be skilled and smart and knowledgeable, you attained a position of leadership. For centuries, China has administered...
    Note: Begins with ours is a far....
  • Adriane shared from Street Smarts: Adventures on the Road and in the Markets by Jim Rogers
    LITIGATION IS ONE of the healthiest growth industries in America. The United States has more lawyers than all other nations combined. The explosion of litigation accounts for a significant part of the expense of doing business in this country. The
  • Adriane shared from Street Smarts: Adventures on the Road and in the Markets by Jim Rogers
    take their money out of the country—it will not affect most of you because you do not travel or otherwise spend cash overseas. (See Chapter 9 and the Bernanke delusion.) Then they introduce serious exchange controls. They are always “temporary,” yet they always go on for years and years. Like anything else spawned by the government, once they are in place, a bureaucracy grows up around them. A constituency now arises whose sole purpose is to defend exchange controls and thereby assure their longevity. And they are always disastrous for a country. The free flow of capital stops. Money is...
  • Adriane shared from Street Smarts: Adventures on the Road and in the Markets by Jim Rogers
    “Listen, all you God-fearing Americans, Germans, Russians, whatever you are, we have a temporary problem in the financial market and it is caused by these evil speculators who are driving down the value of our currency—there is nothing wrong with our currency, we are a strong country with a sound economy, and if it were not for these speculators everything would be OK.” Diverting attention away from the real cause of the problem, which is their own mismanagement of the economy, politicians look to three crowds of people to blame for the regrettable situation. After the speculators come bankers...
  • Adriane shared from Street Smarts: Adventures on the Road and in the Markets by Jim Rogers
    Do it and you are going to go bankrupt, especially operating within the constraints of a system like tenure, where it is not possible to fire anyone, not even those who, by virtue of the system, do not work very hard in the first place. Add to that the fact that Ivy League universities are traditionally overgenerous with labor, because they do not want to appear to be filthy capitalists, and bankruptcy presents itself as a blessing. We saw it with the automobile industry. The unions would come around when the contracts were up, and the auto companies would cave in. They just kept giving away the...
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Adriane