Wednesday, March 24, 2010
Restoration in one paragraph
I had stopped reading Front Porch Republic for a while, because it had slipped into a mix of strange abstractions and raw Gaia-worship. Now it seems to have recovered its balance, climbed back into more substantial territory.
James Wilson's latest column is a fine example, containing a perfectly concise and precise recipe for American restoration:
Says it all. ¶ 2:27 PM
James Wilson's latest column is a fine example, containing a perfectly concise and precise recipe for American restoration:
So long as the federal government continues to monopolize the power of treaties and tariffs, it should deploy them for the purposes of protecting vital American industries. It should do so with an eye to encouraging the proliferation of small, geographically dispersed firms, favoring none. Wise, if limited, tariffs, strictly enforced competition law (e.g. anti-trust law), and re-devolution to the States the power to enforce regulations regarding corporations within their borders: here are three decisive starts to a restoration of American society. The State at any and every level should regulate financial dealings so they conform to nature, allowing the kinds of investment proper to shared ownership and concrete financial partnerships, but prohibiting the irresponsible manipulations that have allowed finance to become an industry unto itself, wherein financial stakeholders remain radically removed from the productive enterprises on which their abstract profits are “vaguely” based.
Says it all. ¶ 2:27 PM
