In Man of La Mancha, the musical version of Miquel de Cervantes' novel Don Quixote, Sancho Panza continually gives vent to a seemingly endless string of proverbs. Just before getting into another ridiculous situation resulting from Don Quixote's obsession with chivalry and his insistence on seeing what isn't really there, Sancho Panza states his predicament after being reassured how glorious the act will be by declaring, "Whether the stone hits the pitcher, or the pitcher hits the stone, it's going to be bad for the pitcher."
That about sums up the position of American voters today, as they go to the polls in what appear to be crowds unprecedented in recent decades. The problem is, whether Senator Obama or Senator McCain gets elected, the voters are still going to get beaned with a very hard stone of reality. Both candidates are firmly entrenched in the discredited economic theories of John Maynard, Lord Keynes, architect of the New Deal and the modern Welfare State. The only differences between them involve the selection and more or less intensive implementation of various Keynesian remedies to attempt to turn the economy around.
Rather than failed Keynesian economics, the candidates — and everyone else — should have been studying the potential of binary economics as expressed in the Just Third Way and applied in Capital Homesteading as a means of achieving economic justice, stability, and rational growth.
Donations to CESJ support our Capital Homesteading projects and Just Third Way initiatives, and are tax deductible in the United States under IRC § 501(c)(3).