March 27, 2010

YOU CAN'T FIGHT THE END OF HISTORY:

America Will Survive ObamaCare (Rich Karlgaard, March 26, 2010, Forbes)

Thus far I've given you a brief American analysis of the politics that I believe will check Obama’s leftist ambitions. There's another argument. It is not rooted in American politics. It is a global argument. Follow me on this. America is 4% of the world's population, 24% of its GDP and some 40% of its net worth. America can try to go to the left, but it will not get to too far because the rest of the world will not go with it. Is China going left? China may be authoritarian, but there is no chance it will go Maoist any time soon. Is India going left? There are leftwing parties in India, but the country has trended toward free market capitalism for two decades and is not likely to reverse course. How about Germany? Merkel is not left. England? Brown faces the race of his life. France? Brazil? Russia? All have their problems, but none are seeking answers in Marxism.

The U.S. can't afford to go left in a world going right. The American population won't let it. The bond markets won't let it. America's major industries and companies won't let it. (Next time you rant about the power of lobbies, remember this.)

Yes, I hate ObamaCare as much as anyone. But I reject the idea that ObamaCare represents a major win for the left. Rather, ObamaCare is the left's last stand.

Posted by Orrin Judd at March 27, 2010 6:01 AM
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