The solution du jour of the contemporary global economic crisis leads to an inevitable outcome: centralization, which, as Hayek showed, is totalitarian. The pressure to amalgamate during structural breakdown is so relentless that ultimately desperate people look to the same strategies that brought on the disasters to solve them, preferring a cure rather than health. “The problems are so great only the government can solve them,” goes the mantra.
History shows that once the centralizing trend starts, it continues like a hungry tyrannosaurus rex gobbling everything in sight.
Posted on February 19, 2009 by pnaction