The Welfare-Warfare Crackup
by Jacob G. Hornberger
For decades, libertarians have been warning Americans of the coming crack-up of the welfare-warfare state. Of course, we couldn’t predict when the crack-up would finally occur. All we could do is to say that the road to statism, both welfare and warfare, was a road to national bankruptcy.
Keep in mind that the welfare-warfare state depends on a vibrant private sector. Why is this so? Because the welfare-warfare sector is fundamentally a parasitic sector. That is, unlike the private sector, the public sector produces no wealth. The public sector attaches onto the private, productive sector and sucks lifeblood out of it in order to survive.
Thus, a government that is committed to providing welfare and warfare must ensure that the private sector remains vibrant and productive. The parasite instinctively knows that if the host dies, there is no more lifeblood that the parasite can suck. Read on »