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Jeffrey A Tucker
Years ago I saw a beautiful home that was stunning and magisterial in curb appeal, on a big piece of property in a great location. Life was good for the family that lived there. It was for sale, very expensive.
The inspection revealed a cracked foundation. The price collapsed. No one wanted it. Finally the lot sold for less than the market value of the land because removing the house would be expensive.
The administrative state right now is in a similar situation. It still looks fine, and it functions, but the foundation is cracked. It's just a matter of time before it is demolished entirely, maybe later, maybe sooner, but it will happen.
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I'm ever more convinced that the reality of Soviet economic life has been mischaracterized, including by the regime itself, as "communism/socialism" – to make it seem vaguely intelligent, experimental, and foreign – when it was more like a county entirely managed by a administrative state in partnership with industry, something not entirely unknown in the US.
Have a look at the high-speed rail development in California. Thirty years of planning and work, $38B spent, and only 119 miles more-or-less completed (a 2.5 hour drive) but already falling apart before a single ticket has been purchased. It's Soviet-like in every way because that is what happens in any society – forget socialism – that is burdened by a parasitic ruling class under any ideological slogan.
The same forces dominate US pharmaceuticals at some level, elements of big tech and big media too, and the military. It's all just the same old scam regardless of its philosophical veneer.
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