The main reason why so many millions of people came to the U.S. was because we had a liberal society based on individual achievement. But we are sliding away from that and into one where government hands out favors or punishments based on your caste. That terrible trend has been driven by the Democrats in search of political victories, and it has been pretty successful for them at the expense of social cohesion and economic progress.
On his Cafe Hayek blog today, Professor Don Boudreaux has some thoughts that are worth sharing. Here’s his quotation of the day from the 2006 Liberty Fund edition of Ludwig von Mises’s The Anti-capitalistic Mentality:
In a society based on caste and status, the individual can ascribe adverse fate to conditions beyond his own control.
Read Professor Boudreaux’s thoughts on this quotation here.