Venture socialism
28th September 2011
Government officials rushed $535 million to Solyndra because the Obama administration was determined to make the company the centerpiece of its green agenda regardless of the law of supply and demand. Billions more have been wasted by politicians betting on favored companies and making Washington bigger, using the brute force of government to force liberal preferences into the economy. Mr. Obama calls them “investments,” but this is really venture socialism.
All part of the same mindset: You, Ordinary Citizen, are too stupid to spend your money in the best way possible, so we’ll leave you a pittance to live on — if you’re lucky; we’d prefer that you live on government handouts — and let our Harvard-educated Whiz Kids spend it for you.
That’s what ‘socialism’ boils down to … they prate about The People but they actually mean The Government, and The Government means Right Thinking Folks like themselves.