Because Some Have Forgotten…

We may be condemned to repeat the hangover from still another Socialist inebriant. Philosopher Georges Santayana would be rueful that yet another generation may well fall prey to the truth of his famous maxim. Yet, today’s inhalers of Keynesian hot air—the AOCs, the Sanders’ acolytes, and Bidenites sworn to progressivism—all think the crazy stuff of yesterday’s fools failed only because smart people like them didn’t control the levers of power.  Author Amity Shlaes has recently given us Great Society, in which she reminds us that the economic distortions of yesterday’s “experts,” beginning with those on Kennedy’s New Frontier, season the current love affair with the so-called “generosity” of Socialism, and as a political philosophy, it is very much alive. This, despite Irving Kristol’s 1976 declaration that, “The most important political event of the twentieth century is not the crisis of capitalism but the death of socialism.”