America’s Greatest Political and Economic Lesson in the Last 125 Years

What is America’s greatest political and economic lesson in the last 125 years?  Can you guess what it is?  Have you thought about it?  What one lesson would you tell your children and grandchildren about America that stands out over the last century and a quarter?

The Wall Street Journal recently took the time and effort to review 125 years of their editorials in the search for insight and knowledge.  They came away with a number of principle ideas and principle conclusions.  One lesson, in particular, stands out to me as an overarching theme for America.  Let’s explore some of these profound conclusions and see how they shed light on today’s challenges in America.  We can learn from their in-depth historical analysis.  After all, in the often-quoted and frequently paraphrased words of philosopher George Santayana: “Those who cannot remember the past are condemned to repeat it.”

Lesson #1 – Western political thought moves across a pendulum that swings between freedom and equality.  Of course, right now, our current administration leans strongly toward achieving equality, even at the price of our freedoms.

Lesson #2 - Our current administration is based on a philosophy of running government that is built on a foundation of thinking that government spending can create economic growth, government regulation is the best way to guide the economy to greater productivity, and equality of outcomes should be the main target of political and economic policy.

Lesson #3 – The results of the efforts at “progressive equality” are clear and disturbing - loss of freedom across the board, an anemic and historically slow economic recovery, over 93 million people not working, much fewer business start-ups, a government-run healthcare website that is an Internet laughing stock in this technology-savvy era, a government that can’t even care for its veterans’ health (let alone the health of the entire nation), and a psychological lethargy that is profound and pervasive.  Plus, something new, an entitlement mentality fueled by the government that drains people’s incentive to work and save and grow and create.

Lesson #4 – Among these lessons, a fourth lesson rises above all these other points.  That is, freedom has always trumped America’s greatest problems.  The answer to today’s vast challenges have been known for 125 years.  These eternal truths are Free People and Free Markets.  Yes, religious freedom, political freedom, and economic freedom allow men and women to create great achievements.

For more information, please read my new book: Renewing America and Its Heritage of Freedom: What Freedom-Loving Americans Can Do to Help. Go to  That’s RENEWING AMERICA BOOK DOT COM.  Or, order a book from Amazon or your favorite bookseller.  It’s also available on Kindle and other devices.

Bookmark and Share
This entry was posted in America's Future, American Capitalism, Architecture of American Capitalism, Big Government, Economic Freedom, Economic Growth, Freedom, Prosperity. Bookmark the permalink. Both comments and trackbacks are currently closed.