Less political rebellion, more mollycoddled mob - Brendan O'Neill, The Australian

An interesting perspective about the riots in England from someone on the Left.

Less political rebellion, more mollycoddled mob | The Australian

If we are to survive the looming catastrophe, we need to face the truth - Janet Daley

It's refreshing to see someone finally talk about the cause of the financial crisis in Europe and the U.S. I've been saying something very similar: that the decades of welfare statism followed by Keynesian attempts to stimulate our way out of this mess have failed. As Daley says:

We have arrived at the endgame of what was an untenable doctrine: to pay for the kind of entitlements that populations have been led to expect by their politicians, the wealth-creating sector has to be taxed to a degree that makes it almost impossible for it to create the wealth that is needed to pay for the entitlements that populations have been led to expect, etc, etc.

The Coming Intra-Party Wars - The Atlantic

Megan McArdle's The Coming Intra-Party Wars - The Atlantic posting on the debt limit battle contains two comments that caught my eye. The first one talks about the choices the Republican and Democrats will have to take.

The Democrats ... are going to face unprecedented conflicts between their constituencies in the decades to come. Fundamentally, we're bumping up against the willingness of the American public to pay more taxes, or accept spending cuts. Some constituencies are going to lose. Republicans are going to have to decide whether they'd rather have lower taxes, or a stronger military. And Democrats are going to have to decide who they care about more: old people, or poor people.

The other comment brilliantly captures the shell game we're playing on ourselves.

Me, I'd like a single entitlement system that takes care of people who are actually destitute and unable to work, not this mad scheme whereby America's middle class is supposed to get rich by picking its own pockets.