Economic Disintegration is Almost Here
By Monty Pelerin
November 20, 2012
The disintegration of an economy and a society can take two courses. One course is like rust. It is slow and barely perceptible. The other is a sudden collapse. The first course, if left untended, eventually turns into the second.
The US economy is now rusting away. Arguably it has been for decades. For anyone interested in looking, the signs are there. They will soon become unavoidable for even the most disinterested of our citizens.
Dan Amoss correctly described what is happening as a result of Washington’s overbearing involvement in the economy:
All government-directed economic activity grows at the expense of the private sector. And the election suggests that government coercion will drive even more U.S. economic activity in the future. This is a shame, because freely adjusting prices, competition, and innovation elevate living standards. Mandates, price controls, and subsidies – coercive actions – depress living standards. Quality falls. Shortages develop and persist.