We're on the verge of economic and societal collapse because of our political class-American Thinker

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8/24/11, "Kevorkian Economics," American Thinker, by Monty Pelerin

"We are on the precipice of economic and societal collapse which the political class has chosen to accept

• so as to maximize their time in, and spoils from, office.

Despite their criticism of economics, politicians practice the concept of self-interest better than economists or anyone else. Unfortunately politicians are not encumbered with constraints like a Hippocratic Oath, ethics or principles.

Elites don't need constraints. That is why we face this threat to the very foundations of

• civilization itself." (end of article).

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