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- Libertarian
It is not enough to cut back or even end the welfare state; the imperial warfare state must also be dismantled. That means taking apart the national security apparatus as surely as we end the economic intervention in domestic life. To oppose one while supporting the other – and this is the very essence of the Republican Pledge to America – is self-defeating if not deliberately deceitful. We know the results of this kind of intellectual incoherence because we've seen it so many times before.
The first type is corporate socialism that puts large banks and corporations in the driver’s seat of public policy, leading to bailouts for the most well-heeled firms out there. In an effort to keep home values from falling and to keep American automotive companies from going belly-up, the whole of the American mortgage market is socialized and American car manufacturing put on the public dole.
A second type of American socialism comes in the form of a gargantuan military industrial complex that plows through more than a trillion taxpayer dollars each year to sustain the American empire around the world, and be enriched, of course.
Yet a third type is that which provides social security and medical benefits for older Americans, people who believe that because they have paid into these systems their entire lives, they are entitled to receive back as much as possible.
These three systems of socialism are a main cause of the American bankruptcy. They are absolutely unsustainable. A consistent application of the principle of liberty must take aim at these programs, across the board,with no exceptions.
In order to bring any fiscal sanity back to this country. All three pieces of American Socialism must be destroyed with extreme hatred.
The Killing and Reviving of the American Dream by Llewellyn H. Rockwell, Jr.