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The problem with liberalism is that it's thoroughly impractical. Liberals largely have home-owners association syndrome, where they believe they can change the
by jcnnghm 17y ago
The problem with liberalism is that it's thoroughly impractical. Liberals largely have home-owners association syndrome, where they believe they can change the world by idly meddling in other people's lives. The problem is, their programs generally don't work, and regularly create mis-aligned incentives.
Take 100% FHA loans and desktop underwriting pioneered by liberals like Barney Frank so that everyone, especially poor people that are constantly taken advantage of by the man, in America could own homes. That little scheme blew up spectacularly.
Take it to the extreme, and go all the way to communism. From each according to his ability, to each according to his need. Under such a system, why would I possibly want to sacrifice and work long, hard hours? Society would be like a giant high school, where most people do the absolute minimum to get by. Most smart people would figure out that hard work doesn't pay and would optimize for easy, fun jobs, or they would organize to change the system. The lackluster productivity of the Soviet Union countries should be evidence of this, but people still spout off nonsense about how wonderful it would be.