The Other Bailout
US foreign policy: subsidizing, guaranteeing and, in some instances, bailing out an array of thugocracies
By Claudia Rosett —— Bio and Archives--October 2, 2008
American Politics, News | Comments | Back To Full Article
First published in Forbes
America has been on a socialist bender, and the bills are getting large. Got a problem? Look to Washington to arrange a handout, or a safety net; if that scheme goes sour, expect a bailout. It has become politically incorrect to suggest that individual choice coupled with responsibility--including the possibility of going broke--makes for a healthier bottom line than an endless flow of subsidies and guarantees.
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