Tuesday, May 5, 2009

Debunking the Devil Formerly Known as Godless Socialism

From an extraordinarily timely NYT article:

Such things are easy for an American to ridicule; you don’t have to be a Fox News commentator to sneer at what, in the midst of a global financial crisis, seems like [OMG!] Socialism Gone Wild.

But there’s more to it.

This was one of the puzzling features of the Netherlands — the Dutch pioneered the multinational corporation and advanced the concept of shares of stock, and last year the country was the third-largest investor in U.S. businesses — and yet it has what I had been led to believe was a vast, socialistic welfare state. How can these [seemingly] polar-opposite value systems coexist?

Thank you for the referral, Georges!