Thursday, October 4, 2012

On the Dispossession of the Middle Class

Recently, Vice-President Joseph Biden observed that the middle-class has been "buried" during the past four years.  Dispossessed is an adjective related to buried:  one might say that the middle-class has been dispossessed of their property.

Here is an observation by F.A. Hayek from The Road to Serfdom (p. 229):  "It should never be forgotten that the one decisive factor in the rise of totalitarianism (in Europe before World War II).....is the existence of a large recently dispossessed middle class".

Dispossessed, will we, Americans, embrace totalitarianism now?  Or cling to freedom?

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