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January 20, 2005

Making Socialism Work Better?

Writes Robert Anderson:

I can still hear Mises saying: "The history of government intervention is the correcting of the ill effects of earlier interventionism, and the results from that interventionism yield consequences precisely the opposite of what the interveners themselves intended!" It has been almost fifty years since I first heard those words, and I have long since come to appreciate the wisdom of Ludwig von Mises. The truth of his teachings is a reminder that some things don’t change!

Social Security and I were both born in the United States in 1935, I being the junior by three months. Indeed, I began life at the beginning of a new era....the age of the "nanny state." How our ancestors survived in their old age prior to Social Security still remains a mystery for most Americans today....assuming they ever think about it at all. Some politicians even today have been known to declare that their own parents would probably have starved but for Social Security. Incredible!

He then goes on to explain all of the potential problems with Bush's "partial privatization" scheme to "save" Social Security when, of course, the right thing to do is end the program. It's well worth reading in full.

Posted by Mike Tennant at January 20, 2005 10:07 AM

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