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For half a decade, the Right has debated “free market fundamentalism.” This phenomenon is also known as “zombie Reaganism,” “libertarian neoconservatism,” and “neoliberalism.” Whatever you call it, it never happened. That is to say, the reduction in government expenditure and size that Reaganites promised and liberals feared turned out to be a mirage. What happened instead is that, starting in the 1980s, both parties set the country on a course toward Total Boomer Luxury Communism (TBLC). TBLC is driving every aspect of American decline—from skyrocketing national debt and the erosion of our defense industrial base to the despair of young people. It’s not the only reason for the decline, to be sure, but it’s a major part of the problem. Yet TBLC has been entirely obscured from view. The essence of TBLC is that it redistributes wealth from younger families and workers to seniors, who are on average much richer. America has achieved the Marxist paradise of hunting in the morning, fishing in the afternoon, rearing cattle in the evening, and criticizing after dinner. Only it looks more like golf in the morning, horseback riding in the afternoon, drinks at the social club in the evening, and a restful night’s sleep in a million-dollar home—all thanks to the largesse of the U.S. government.

The most basic bullshit about redistribution is finally leaking into the mainstream.

Check out my latest article on Mises dot org

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