Saturday, February 1, 2014

#63 / FEB 1 2014: COULD IT BE THAT AMERICANS ARE WAKING UP TO THE GROSS DISTORTIONS WITHIN OUR ECONOMY? IF SO, WHAT IS GOING TO BE DONE ABOUT IT? POSSIBLY VERY LITTLE.

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A family friend, who had fought in North Africa in WW II, liked to tell a story of his first encounter with American troops. The incident concerned a soccer match—which first required making a playing field. The British completed their half by hand—taking many hours to do so. The Americans then arrived with bulldozers and completed their half in minutes. “The Yanks,” he used to say, “are a can-do people.”

When it comes to social justice—and making the U.S. economy work to the benefit of all Americans—the jury is out on “can-do.”

It is hard to consider that the U.S. is the “Greatest Country in the World,”—to use a phrase that one hears constantly—in the absence of social justice.

Given this extraordinary country’s many virtues, that is a pity.

 

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