Whats wrong with European social democracies?
What brings greater sense of fairness and happiness to people is the belief they have earned their success. If government redistributes money, you will get more income equality but you won’t get more happiness. It’s a statistical fact. Some argue that free enterprise failed miserably and that Washington must now correct the excesses. Free enterprise is not the same as being a shill for big business. Big business has a Faustian tendency to crawl into bed with government. The engine of growth in this country is entrepreneurs. The free enterprise system didn’t fail us in the financial crisis. The root of the problem was government housing policy. Are you opposed to regulation per se? No, I’m in favor of smart regulation. What I’m against are bailouts that shield people from accountability and don’t let companies like GM and Chrysler go bankrupt in an orderly fashion; social engineering like Fannie Mae (FNM) and Freddie Mac (FRE), which gives people incentives to take out mortgages they do
