Nationalizing our Economy

A city mayor wants the Federal government to nationalize critical parts of our economy.

New York City Mayor Bill de Blasio is arguing that the best way to tackle the coronavirus outbreak is for the federal government to take over critical private companies in the medical field and have them running 24 hours a day.

“This is a case for a nationalization, literally a nationalization, of crucial factories and industries that could produce the medical supplies to prepare this country for what we need,” de Blasio told MSNBC‘s Joy Reid on Saturday, calling for “24/7 shifts” during what he called a “war-like situation.”

Just like the Progressive Theodore Roosevelt, who wanted to nationalize one-sixth of our then-economy, the railroads, because—presaging a later President—they’d made enough money and grown (in his personal view) too powerful.

Just like the Democrats Woodrow Wilson and Harry Truman, under the excuse of war that de Blasio is bastardizing—Wilson nationalizing all the factories east of the Mississippi until the Supreme Court overruled him and Truman trying to seize the steel industry until the Supreme Court blocked him.

Just like Progressive-Democrat Barack Obama, who nationalized a current sixth of our economy, our health insurance industry, in order to turn it into a Government mandated, privately funded welfare program.

Now the Progressive-Democrat Bill de Blasio is grasping at his excuse for Government to seize control of our economy.

What’s the Progressive-Democrats’ limiting principle on such nationalizations? Nor they nor their forebears have ever been willing to say. That leaves us to conclude that their limit is the natural limit: complete nationalization of all of our economy—rank, pure socialism.

Remember this power grab attempt in November.

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