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Showing posts from December 6, 2008

A New Social Compact

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There is no doubt in my mind that America has raised several, successive generations of spoiled citizens. While we have experienced ups and downs in our economy, the Great Depression was the last time we saw complete economic upheaval. During the 1930’s, the rest of the world experienced the same thing, and it was a contributing factor to World War II. After World War II, the United States was the only game in town as the rest of the world lay in shambles. It was during the 1950’s that American corporations became the “nanny’ providing unionized jobs, health care and pensions to their workers. Unions said we want more…corporations said Amen. America entered into an alliance with Big Business, Big Labor, and Big Government. And they fed off each other. The old rule used to be “guns or butter”. The economy couldn’t tolerate paying for both…until the 1960’s and Lyndon Johnson’s simultaneous Viet Nam War and Great Society. Midst a time of war and plenty, the “Kum Ba Ya” generation of hippi