Will Scotland fail?By Bill Bonner
Baltimore, Maryland
Dow up 103 yesterday… into record territory again.
Gold up $14… still recovering last year’s losses.
Tomorrow, we intend to outline our big picture view. But today, we’re going to reply to colleagues with caveats, quibbles, and corrections.
First, our colleague Merryn Somerset-Webb, who lives in Edinburgh, Scotland, took issue with our suggestion that small governments are, ceteris paribus, better than big ones:
“If Scotland votes for independence it will be as a socialist nation not a wealthy capitalist one. The result will be profound misery… I really don't think it is something to wish for… Already a disaster in the making… What small countries actually do these days if they aren't tax havens full of educated people (Switzerland) is indulge in one variety or the other of nepotism/theft/corruption/public sector crowding out and then collapses.”
She’s probably right about that. Big country or small one, the ruling elite always wants as much mis-government as the country can afford – and often more!
The whole idea of modern government, we remind readers, is to pretend that the feds work for the citizen. The little guy is led to believe that his enemies will be smitten, that the rich will be robbed so that the stolen loot will be given to him, and that all he holds dear will be protected, enhanced and made obligatory. It’s hard to feel sorry for the guy… even when the feds clean him out.
"The Daily Reckoning", 25 February 2014
www.moneyweek.com
No comments:
Post a Comment