More simply, are we Greece writ large, or do we remain America, a strong and free bastion of economic and personal liberty? Stephens poses these questions:
- Should government be an engine of employment growth?
- Does government investment in favored industries or technologies make economic sense?
- May government compel individual economic choices in the name of a social good?
- Should the rich pay an ever-rising share of the total tax burden?
- Are higher taxes the best way to close a budget deficit?
- Is financial regulation generally effective?
- Are labor unions good for overall employment?
- Is inclusiveness the best test of fairness?
- Must environmental concerns (or phobias) take precedence over economic interests?
- Is consensus-seeking the ideal mode for international conduct?
To all these questions, Mr. Obama’s record answers yes…That’s the Obama presidency in a nutshell. It’s also how Europe, mutatis mutandis, became what it is today.
These are serious questions, and one may only hope that a sufficiency of voters understand what is at stake: if we become like Greece, we will become a much poorer place. A place where everyone will be equal: equally poor, equally without opportunity.