Thursday, October 9, 2008

The Future

according to some guy I never heard of, but who comes highly recommended.
Beginning in the 1970s, libertarians and neoliberals promised that deregulation would produce a borderless utopia for small enterprises and entrepreneurs. Instead, the result of free market fundamentalism is a global financial collapse that may produce an America with bigger government, more paternalism, and a financial and corporate oligopoly....

...The effects of the greatest financial crisis since the Depression are only now beginning to be felt. By the time the crisis has run its course, a decade or more from now, the U.S. will be a radically different place...

...
For example, universal health care may come in the worst possible way, by forcing or coaxing employers to provide health care coverage for all workers. These and other employer mandates and benefits would increase the cost of hiring--and, as in some European countries, the result might be structural unemployment, alienation, and crime.

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