From The Wall Street Journal:
Our subject today is not Barack Obama's "change" plan to "share the wealth." But readers who want to know what happens to a nation that legalizes plunder -- as the 19th century French economist termed the taking of private property for socialist ends -- will want to pay attention just the same.
Argentina is a constitutional republic with many historical similarities to the U.S. It has a rich immigrant heritage and an abundance of natural resources. But the U.S. is a rich, advanced country and Argentina is poor.
Read more ....
Our subject today is not Barack Obama's "change" plan to "share the wealth." But readers who want to know what happens to a nation that legalizes plunder -- as the 19th century French economist termed the taking of private property for socialist ends -- will want to pay attention just the same.
Argentina is a constitutional republic with many historical similarities to the U.S. It has a rich immigrant heritage and an abundance of natural resources. But the U.S. is a rich, advanced country and Argentina is poor.
Read more ....