"... Dambisa Moyo is that rare type of person – an economist who makes waves. Her first book, Dead Aid, angered many in the charity sector by arguing that foreign aid has harmed Africa and should be phased out.
Her second, which is published in London on Thursday, accuses America and other Western powers of squandering their world economic dominance through a sustained catalogue of fundamentally flawed policies.
How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices Ahead goes so far as to predict that the US will be a “bona fide socialist welfare state” by the latter part of this century.
“Indeed, if nothing else changes it from its current path,” writes Moyo, “it is almost certain that America will move from a fully-fledged capitalist society of entrepreneurs to a socialist nation in just a few decades.
“The trouble is, it won’t be just any socialist welfare state... the US is on a path to creating the worst and most venal form of welfare state [poorly developed and designed] – one born of desperation from many years of flawed economic policies and a society that rapaciously feeds on itself.”
Oh yeah... Here's the money quote from the article:
“I think the markets can work in a managed way,” she says. “If they’re left to run rampant it’s obviously problematic, but I think they are the best way of delivering economic benefits and have been shown to be the method to generate the biggest economic benefits to the highest number of people.”
Got that, blistering retarded commie fools in the WH, Venezuela, the Union of Socialist Soviet Repooplicks of Belgistan, the PvdA and elsewhere???