So much has happened so fast in recent months – government intervention in banks, insurance companies, possibly in the huge auto industry. What is next? What is happening? Are we becoming Social Democrats?
I have written several posts on the stark comparison between Republican-style free and unfettered business values and more historical communist societies. Now it is time to start talking about the more subtle nuances of a “Social Democrat” model like much of Europe has. America has moved in that direction lately (under a Republican president). How far are we along? Where are we going? Do we want to go there?
Yesterday Brian Kilmeade of Fox News interviewed California governor Arnold Scharzenegger (R) and talked about this principle. There are things to be learned from this talk.
Click it to play.
As we know, governor Schwarzenegger was an Austrian before he came to America and later became a US citizen. He talks about his experience there with European socialism, why he left, how he hopes America does not go down that path, and how this ties in with what is going on today.
Here is a partial typed transcript of the interview above:
Kilmeade: You said you came to America because you wanted to succeed – you felt that Europe was too socialized. Here we are bailing out the banks, we’re bailing out the auto industry, we’re picking different investments, different insurance companies to bail out and not bail out. Are we becoming what you left?
Schwarzenegger: Not, not by any means, but there is always the danger and I have always promised myself that I will do everything that I can, not to become what Europe was four decades ago when I left it. Since then Europe has learned from America how to privatize things, not to have government own everything and run everything, not to have 70% of the people work for government – a lot of countries have changed. But a lot of countries, again, have not.
I don’t want that system in America.. That is the important thing for me”