A lot of us in the United States seem to hate collectivism, but no matter what happens to unions, we’re going to get collectivism anyway.
I’m talking about collective pain and shared sacrifice.
Let’s face it. States are going broke after the recession demolished property values and wiped out employment rolls.
The federal government, meantime, has been in a mad rush to take bad debts off the balance sheets of banks and corporations and put it on the balance sheets of the taxpayers. This has been in the name of saving the economy for all – and it seems to have worked, for now. But we the people … the great collective … get the debt.
Meantime, global markets remain imperiled by the uncertainty and volatility of world events, from the triple disasters in Japan to unrest in the Middle East, now escalating into bombing runs in Libya.
Click here to read my column in the Sunday Wall St. Journal.