According to the Wall Street Journal (May 4, 2009) a recent Rasmussen Reports poll shows only 53% of Americans prefer capitalism to socialism; 27% were unsure and 20% preferred socialism. That may explain the results of the last election.

Assuming, of course, Americans ever felt differently, what happended?

Socialism is easier, it’s that simple. Look at it this way, once you get used to paying more than half of your income in taxes to the government, your worries...

I am not the sharpest tack in the box, but then again dealing with the world of politics may not require such a credential. I am reading about the Chrysler debacle and find myself amazed.

But no place for an airbag!

For decades both management and the unions of the auto companies have mismanaged their respective responsibilities. Management failed to adapt to foreign competition and failed to negotiate reasonable...

Employers are a short-sighted dumb lot after all. A few years back the in thing was to convert pension plans to what is called a cash balance plan, translation; sort of a pension but with far less of a benefit in the years ahead.

Then when that was done, they began eliminating all pensions in favor of the 401(k) plan. Ok, so a 401(k) plan is better than nothing.

Today less than 17% of American workers in the private sector have a pension to count on; about 60% have...

If you could pay 50 to 60% of your income in taxes in return for all your retirement benefits, unemployment benefits, childcare, paid time off, health care for life and perhaps a few other goodies like college, would you make that choice?

No doubt, many people would answer yes, as they have in other countries. In Scandinavia, people seem to like this system. In Sweden with the second highest tax burden in the world, the median voter is a women who works for the public sector and around...

The United States pension obligations are helping to remake the country’s politics. The United States has run fiscal deficits for years to pay for social programs. The government has sold bonds to finance these outlays. The United States needs a bailout to pay its obligations, but many international investors have pulled out of the United States, sending the country’s currency tumbling and darkening the economic outlook. Thirty percent of the population receives a government pension. The United...