The Crisis of Socialism

Bill Bonner has a quotation, in his article on socialism, that is the quote of the day:

“You know, they say that this financial crisis is going to be the end of capitalism. I don’t think so. I think it’s going to be the end of socialism... this kind of socialism we’ve had in France for the past 20 years. We can’t afford it. There are too many people not working. Too many rules. Too much interference. A third of the country works. Another third tries to stop them from working. And the final third does nothing at all.

The union movement, here in America, doesn't want more competition in the labor market: it wants more young people unemployed.