Generally I explain economic and political issues in just a few sentences. The dangerous situation the world is in today can be explained in one sentence. Here it is.
The rejection of free markets and democratic principles is the danger and the source of most other dangers in the world today. Continue reading
James, this is a quote often used today, and for good reason I think.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”
The line is from a book first published in 1841 Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay (1814-1889).
In today’s world, when large numbers of people seem to accept that governments can control the weather with taxes and regulations, that decisions from the halls of power are superior to ordinary market-driven decisions of multitudes of individuals, and the major indices soar on abysmal data, one must wonder at the lack of any reasoning or logic. Perhaps Shakespeare was correct – there truly is nothing new under the sun, but the scale today is breathtaking.
The book is available on Amazon (and other sellers I’m sure).
