Today, Krugman yet again argues that there is a lack of demand.

Yes, there is a lack of demand, I agree.

There is a lack of demand because our lower classes are unproductive in comparison to their peers in the world. There is a lack of demand for their labor. Since there is a lack of demand for their labor, there is a lack of money for them to spend.

A state is merely one means of classifying people, and it’s a convenient one for statists, whose only purpose is to justify expansion of the state.

In a world of relatively free trade, people are citizens of their occupational sector.

The American upper classes have moved ahead with the rest of the world economy, and the American lower classes have not.

And the reason for that failure is state policy, and in particular, state policy on education.

State policy on education is more concerned with achieving political unity between disparate races and cultures than it is in creating productive citizens who can compete in the world market, and therefore create demand.

Harrison Bergeron writes for TheTimes.

Advertisements