Quote note (#122)
Succinct perfection from Fernandez:
The only socialist form of self-correction is apparently collapse.
ADDED: Glenn Reynolds being silly — “[Mancur] Olson wrote that — as with the German and Japanese booms after World War II — it takes a major calamity, such as a war or a revolution, to cut through that web and allow economic growth to take off again. I’ve argued in the past that massive democratic change — a ‘wave’ election — might accomplish the same end.”
ADDED: Collapse candidate No.1