Saturday, November 06, 2010

P.J. O'Rourke...

...one of my favorite humorists/humanists/writers mentions some themes in an interview:

P.J.: I think it’s very, very difficult to roll this back. The only thing that will cause us to roll back the continued intrusion of the political system into our personal lives seems to occur during a financial crisis. Basically, that’s the lesson of Margaret Thatcher, it’s probably the lesson of Reagan; it’s definitely the lesson of France and Spain right now.

What happens is that as political systems expand infinitely, they run up against the laws of math. They can’t get enough money to fund all this crap. And in the process of attempting to get enough money to fund all this crap they put the brakes on society, they put the brakes on economic expansion, they put the brakes on prosperity, so you wind up with a situation like Europe, where you’ve got high nominal unemployment, but huge structural unemployment. People aren’t even looking for jobs, or they’re doing bogus job-like things. You get slow growth and bad opportunities for small businesses.

I’ve actually had people say to me, “P.J., quit being a reformist, this thing has actually got to get much worse before it’ll get better.”

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