locally extreme housing prices have been a result of local political crusades in the name of locally attractive slogans about the environment, open space, “smart growth,” or whatever other phrases had political resonance at the particular time and place. . .As far as blaming U.S. capitalism for our social woes, and looking to government to save us from ourselves, Sowell goes on to reminds us,
Few things blind human beings to the actual consequences of what they are doing like a heady feeling of self-righteousness during a crusade to smite the wicked and rescue the downtrodden. . .
It has been almost axiomatic, for at least a century, that the American economy produces more output than any other economy in the world. All this is so much taken for granted that no one considers it worth commenting on the fact that 300 million Americans today produce more output than more than a billion people in India or an even larger population in China — indeed, more than these two countries which, put together, have more than eight times the population of the United States. We also produce more than Japan, Germany, Britain, and France combined.http://article.nationalreview.com/?q=OTE0YmIwNjg1NjA1N2QxNGUzNGUyMmZiZThmN2UwNTg=&w=MQ==