Check out this excerpt:

“The Wall Street Journal reports that the new rules, “open the way for commercial development of oil shale on federal land, allow truckers to drive for longer periods, and add certain restrictions on employee time off under the Family and Medical Leave Act.”

This information is obviously being released in part to protect McCain’s image (he is, after all, still a United States Senator) and to distance the Republican party from Sarah Palin’s questionable political presence. However, for someone considering to run for President in 2012 (or so the MSM would tell us), these juicy kernels of information are potentially devastating.

I want to consider, however, what is truth and what is hearsay. Although I personally would like to ensure that Palin’s political career is shortlived, I feel that part of the negative discourse surrounding her has to do with the fact that she is female.

Let’s look at what the MSM and former McCain aides are accusing her of:

- greeting McCain aides in a towel (if she were a man, would it matter?)

- going on a shopping spree and asking aides to use their personal credit cards for her purchases (because you know how much women love shopping)

- throwing temper tantrums over bad news clippings (note the language here – temper tantrums. She is a grown woman, after all. Must we equate her with behavior fitting a toddler?)

- she doesn’t know that Africa is a continent (because she’s a total ditz from Alaska, of course)

Seriously, even if these are all true, who cares? She has given the public enough reason to mistrust her abilities as a politician (her botched interviews and her involvement in Troopergate, for example). We don’t need a laundry list of all her inadequacies and quirks. At best, this trivial and sensationalist journalism (“Oh my goodness, Sarah was only wearing a towel!?”) is distracting from important issues, yet again. I guess we can expect the google hits for “Sarah Palin in a towel” to spike dramatically by 500% in the next few days. You know, because that’s what really matters to Americans.

So while I am mostly happy that this will be (I hope) the last post I write about the Alaskan Governor, I must say, let’s give the woman a break and let her go back to Alaska in peace. Her political career is in shambles and I don’t think discussing her temper tantrums on national television is necessary at this point. It’s a little childish, don’t you think?

Now, I’m not a Marxist, but this is sounding awfully familiar. In my economics and government classes, I’ve read excerpts of Das Kapital and The Communist Manifesto. One of Marx’s most basic theories is his notion that history has progressed through several stages of class struggle: from feudalism to capitalism, to the eventual failure of capitalism. He claimed that our world would end up with socialism and that this would mark the end of history (since we’d have perfected our society). Now, I’m not really so sure socialism is the answer. However, the past few days have exemplified what Marx warns in his works: capitalism is failing.

Marx believed that capitalism was inherently flawed, so much so that it would lead to its own destruction. He explained this by claiming capitalism operates through a pattern of business cycles. These business cycles are exhibited by relative prosperity for a period of time, then a decline and recession – in other words, boom and bust. Marx maintained that each business cycle would be more and more devastating, until finally culminating in one disastrous collapse. This would then leave the world (or individual countries) ready for socialism as a replacement of the failed capitalistic system. With the recent failure of major investment banks, and the warnings from some modern economists that FDIC-protected banks and other companies/institutions are going to fail next, it appears that Marx might have the last laugh.

Business Cycle

We cannot afford to let our current recession turn into another depression. We must, as a country, find a way to overcome this financial crisis. And while I’m not saying we should throw in our hats and purchase Communist Manifestos for our school children, I think elements of socialism would be a beneficial addition to our economic practices. Even now we are not a perfectly capitalistic society: our markets are not free from government regulation and intervention. Adam Smith’s invisible hand has left the building, so to speak.

I argue that we should model our economy after those of Sweden, Denmark, and other European countries. These countries have a social democracy, in the sense that they democratically reform their economy so that there is more of a “welfare state,” or benefits provided by the government. Sure, citizens of these countries may pay more taxes, but they have the assurance that their taxes are being distributed more meaningfully and appropriately than Americans do. (Also, for everyone who hears “welfare state” and immediately has negative connotations, keep in mind that many of the stereotypes about welfare programs are unfounded).

So, while I run the risk of sounding like a radical leftist, I’m also just your average citizen, concerned with the uncertain state of our country’s future. I hope that if Obama is the next President, we can see some positive reforms on our economy, though I don’t expect him to single-handedly fix our economic and political institutions. I will say this: if McCain is elected, we are in for 4 to 8 years of the Republican party attempting to prevent the failure of capitalism by any means necessary – no matter how detrimental to our society. If that terrible nightmare becomes a reality, I’ll be the first to apply for a visa to Sweden.