Thursday, October 13, 2016

A Grim Future

RealClearMarkets has a review of a new book by two economists, Craig Smith and Lowell Ponte. The book is entitled:
We Have Seen the Future and It Looks Like Baltimore
Without going into detail, suffice it to say if you seek to become suicidally depressed, this book is for you. The authors essentially document how Progressivism has destroyed our cities, for which they use Baltimore as their poster child, and more broadly our country.

Understand, I'm not debunking what they come up with, basically they're correct. Much is gradually going to hell in our fair land.

A once-muscular can-do nation is becoming a flabby can't-do crippled giant, as we try to protect ever more forms of insanity by declaring them normal, and hemming them in with government bureaus designed to foster, or at least protect the various delusions embodied therein.

The authors claim it basically started with Woodrow Wilson, and I wouldn't be surprised if they're correct. He was a former college professor and we professors are a notoriously impractical lot.

Many Americans have seen the decay but felt powerless to reverse it. We console ourselves with the notion that it is happening slowly enough not to be overwhelming in our lifetimes, which for retirees is necessarily not overly long.

I have to believe that long-term pessimism is a factor in declining birthrates. Basically I have a sense, likely widely shared, that our medium-to-long-run future isn't going to be pretty, not something with which one would want grandkids forced to grapple.