September 20, 2013 9:30 PM American Banana Republic The decay of a free society doesn’t happen overnight, but we’re getting there. By Mark Steyn
‘This is the United States of America,” declared President Obama to the burghers of Liberty, Mo., on Friday. “We’re not some banana republic.”
He was talking about the Annual Raising of the Debt Ceiling, which glorious American tradition seems to come round earlier every year. “This is not a deadbeat nation,” President Obama continued. “We don’t run out on our tab.” True. But we don’t pay it off either. . . . The CEO of Panera Bread, as some kind of do-gooder awareness-raising shtick, is currently attempting to live on food stamps, and not finding it easy. But being dependent on government handouts isn’t supposed to be easy. Instead of trying life at the bottom, why doesn’t he try life in the middle? In 2012, the top 10 percent were taking home 50.4 percent of the nation’s income. That’s an all-time record, beating out the 49 percent they were taking just before the 1929 market crash. With government redistributing more money than ever before, we’ve mysteriously wound up with greater income inequality than ever before. Across the country, “middle-class” Americans have accumulated a trillion dollars in college debt in order to live a less comfortable life than their high-school-educated parents and grandparents did in the Fifties and Sixties. That’s banana republic, too: no middle class, but only a government elite and its cronies, and a big dysfunctional mass underneath, with very little social mobility between the two. . . . “Banana republic” is an American coinage — by O. Henry, a century ago, for a series of stories set in the fictional tropical polity of Anchuria. But a banana republic doesn’t happen overnight; it’s a sensibility, and it’s difficult to mark the precise point at which a free society decays into something less respectable. Pace Obama, ever swelling debt, contracts for cronies, a self-enriching bureaucracy, a shrinking middle class preyed on by corrupt tax collectors, and thuggish threats against anyone who disagrees with you put you pretty far down the banana-strewn path..