Economic vitality is not so much dependent on the personality or political acumen of leaders but rather economic philosophy. So long as socialism demands loyalty to the state above loyalty to oneself and to one’s family, it is doomed to failure. The state is too big, too slow, too amorphous, too ignorant and too corrupt to meet individual needs. Critical life choices conscripted by bureaucrats — well-meaning at best; self-serving at worst — is not a viable blueprint for prosperity.
Albert Sukoff