This President is one smart cookie!
Yesterday, he delivered a speech in Washington, in which he said:
“It is interesting that you came up with the name Josef Alois Schumpeter (to intentionally use the Czech pronunciation). I don’t expect all of you to know that this great economist was born in 1883 on the territory of my country – the Czech Republic – in the small Moravian town of Třešť, belonging at that time to the Austro-Hungarian monarchy. He was part of an important group of Austrian Moravians which includes names such as Sigmund Freud, Gustav Mahler, Karl Kautsky, Ernst Mach, Robert Musil, and many others.”
“Reading his Capitalism, Socialism and Democracy, which was published in England in the 1940s along with books such as Hayek’s The Road to Serfdom and Orwell’s Nineteen Eighty Four, one comes across a slightly different story, which is his evolutionary theory of the demise of capitalism based on its very success. His main argument – as I remember it – was that innovations would become a matter of routine, progress would be mechanized, problems would be “simply solved” by means of reason and science, entrepreneurship would be replaced by mere calculation, individual motivation would subside, collectivistic mentality would prevail and the growing importance of teamwork in modern large corporations would lead to the gradual obsoleteness and at the end disappearance of the crucial player (or perhaps mover) of capitalism – of the entrepreneur. That was his vision of the end of capitalism. He regretted it, but did not see it as the end of history, progress and development.”
“The first problem this theory has is its connection with the reality because the world has not followed Schumpeter’s predictions.”
The complete text is on Mr. Klaus’ blog.
This, to me, is a telling analysis: this economist looks at the theory, evaluates its internal consistencies (or lack thereof) – and then COMPARES THE THEORY TO REAL-LIFE OUTCOMES !!!!
Not only did he do EXACTLY THIS with the IPCC-type AGW/ACC ’theories’ (and I do use the term ‘theories’ loosely) in his book ’Blue Planet in Green Shackles – What is Endangered: Climate or Freedom?’, he also points out the necessary consequence of actions currently being implemented to ‘mitigate’ AGW/ACC: establishment of world government.
So, why would anyone think there are any dangers in establishing this ‘world government’? Mr. Klaus warns that we just might me passing world government into the hands of arrogant elitists who are convinced that ‘they know better than the rest of us’…. He asserts that some of the same people who are advocating establishing world authorities to regulate carbon emission – with the power of enforcment (that is, world government) – that were also advocating this 30 years ago in the name of world socialism. Just listen to Glenn Beck’s second interview with him:
Kind of makes you pause and think, does it not?