Borderline Chaos

Just try to understand
I've given all I can
'Cause you got the best of me
--Madonna

Have been out of pocket for a few days and will likely remain on the periphery for a while. Out here on the borderline, however, it's easy to spot a unifying theme to the headlines--headlines which include out-of-control federal government debt/spending, the spectre of govt shutdowns, states on the verge of bankruptcy, private and public pension plan insolvencies, protests over proposed state budget cuts (e.g., Wis), EU nations on the brink of default, unrest in the Middle East.

What is the theme surrounding all of these? Chaos.

Mises said it best. It is not a question of whether capitalism or socialism will 'win' in the end. Socialism, he observed, can never be reached in its entirety before the system falls apart. Chaos, Mises claimed, is the endpoint of socialism.

Socialistic practices have been increasing world wide for the last century with all the predicted problems. Perhaps that stack of problem has now become so large now that it is unsurmountable with even more socialistic prescriptions (such as borrowing and spending in already over-leveraged system).

Perhaps we're on the verge of the chaos endpoint astutely forecast by Mises.