Quote:
Yes, this is a recession, but it’s one that goes far deeper than dollars and cents. It’s a recession of the bright outlook on life in a culture of hope, enterprise, and building for the future. All of that came crashing down when governments of the world decided to follow the Chinese Communist Party’s model and shred every bit of normalcy we had come to expect.
And please don’t blame the virus. The problem was and is the response to the virus by public health officials. Too much time went by during which they were allowed to operate as masters of the universe and outside of all law and legislation. Legislatures, courts, and people should have risen up. But even then, it’s not clear it would have worked. The problem traces to an administrative state that has gradually grown up within once-free societies that had its day and strangled civilization and progress.
The recession is just another word for the price we pay for disastrous policymaking and its profound impact on the human spirit. Regardless of what the GDP says this quarter or next, this is a much greater problem. It can’t be fixed by any government program. The urgent need to restore hope itself is the all-consuming task of the day.
4 Likes
Yes, the Administrative State has been returning us to a state of feudalism, in which we are the serfs.
3 Likes