For two thousand years, Western man had faith in God, in private charities, in local churches, and above all the family to provide safety nets. But he has steadily surrendered his faith in all of these in favor of the state. The state is seen as a healer. It is seen as the provider of reliable safety nets. The state uses coercion to construct these nets. It consumes capital.
These nets are now stretched thin. Why? Because the largest banks needed the money. They got use of the safety nets while there was still capital to confiscate in the name of the People. Meanwhile, actual voters overwhelmingly opposed the big bank bailouts. They were ignored by the politicians.
Betrayed by civil government. Again.
We have willingly exchanged our liberty for the promise of security, provided by the state at our expense.
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