LustfulAngel wrote...
And mind you, that's just in 2002. Can you imagine what the costs are now, some 10 years later?
Our system was meant for Americans, by Americans specifically. This dates back to the revolution where the Founders didn't want Britain to slip it's agents inside the country and call them "Americans".
It's actually quite disgusting that there are millions of Americans like Biglundi(Mostly Liberals and clueless neo-cons) who reject the Founding Fathers's thesis, simply because they live in their beloved delusionary world of today.
And on what arrogance can they reject the thesis of our Founders? What have they done so brilliantly that our Fathers didn't? As we discussed above, the Liberal didn't solve the issue of racial inequality, but rather he actually made us all inequal by denying our individual worth so we could be forced together into a borg hive.
He's done nothing for the Middle Class and for the peasants, if only to give them a crutch that doesn't help them walk it just helps them stand up. Through the Liberal's beloved big government, he has solved not a single social issue and has created more poverty and joblessness in it's place.
The greatest delusion in America today, is the Liberal's so called accomplishments with which there are in fact none. But this isn't surprising, why? Because the Founders rejected Liberalism/Democracy/Communism et.al forms of leftism.
What I find disgusting is little Randroits like you trying to recast history as something that it was not. You're blaming all the ails of the country on liberals and the left, when it was the rich that have robbed the coffer, submerged the welfare state, so instead elected officials, business (and the rich) got to manage its apparatus.
On one hand the oligarch preach about the free market above all, ferociously fighting any and all attempts that would regulate them... on the other, they're busy sucking the welfare teat of the state. Billions of dollars go to subsidies each year. By privatizing commodities like water the oligarchs get to reap their profit even on stuff that should be free for all as they are providing no real service... in fact they've been proven to be worse managers than the so called "bloated state", having to be bailed out time and again as they've grown "too big to fail".
If you--
- have never heard of (or don't think much of) Rothbard, Rockwell, Rand, and von Mises
- accept that the FDIC is a pretty good idea
- want a leaner, more efficient government, but don't dream of getting rid of it
...then what I wrote isn't really addressed to you. You're probably more of a small-government conservative; and if you voted against Bush, we can probably get along just fine.
However what Lelouch24, LustfulAngel and Ron Paul and his libertarian friends are promoting are something else entirely. They want to dismantle the state and turn back the clock to the times when capitalism was totally unrestricted.
All around the world this was accompanied by massive exploitation of the workforce, hazardous work environments, little to no consumer protection - read Upton Sinclair's jungle to see what went on in the Meat industry for instance - and massive fraud and corruption in finance that eventually lead to the Great Crash and Great Depression.
Once Reagen and his cronies dismantled and co-opted the last bastions of Roosevelt's legacy the same thing happened. We have a new state religion: The FREE MARKET, that KNOWS BEST, DOES BEST and CAN DO NO WRONG.
Sadly reality differs. The market didn't police itself. The free market paradigm just DIDN'T WORK! It's based of axioms that not only don't exist in real world, but acting on these assumptions have been harmful rather than beneficial. Yet the priests of the market keep preaching and people swallow their lie hook, line & sinker. For all the mathematical trappings, economics is NOT a HARD SCIENCE. It has models and the models work because... well, we assume they do! Even when the models don't work, they're still used.
When will we finally wake up and realize we have been Econned?
"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be exempt from any intellectual influences, are usually the slaves of some defunct economist." - John Mayard Keynes
Their failings are numerous. Quote from "Econned" written by Yves Smith:
- Overconfidence. Economists have undue faith in their theories and analyses.
- Drunk under the street light syndrome. This is based on the oft-told joke of the drunk who looks for his keys under the street light, where he can see better, rather than where he lost them. Economists restrict their inquiry to where the established, familiar methodologies function well, neglecting areas and information that are troublesome.
- Biases. The desire of economists to turn economics into a hard science has required that certain assumptions be made. But the outcomes depend on the hypotheses. To put it differently, the risk that the assumptions determined the results isn’t treated as seriously as it should be. One reason this is a danger is that economics doesn’t simply rest on the axioms one often hears mentioned, like “perfect competition,” but also deeper assumptions that undergrid some approaches, yet are seldom subject to scrutiny. The result is that the professional ambitions of the discipline in fact produce significant biases and blind spots, the most serious being uncertainty and instability.
- Inappropriately large political role. Economists have come to hold a position that is dangerous in a democracy. Their use of science-like procedures gives them authority that is often unwarranted. Even though they like to cast themselves as benign umpires, they wield far more influence. Moreover, as individuals, they usually have a clear position on the right/left spectrum that is reflected in their recommendations. Power without accountability is a dangerous position for any group to hold in a democracy.
"Already, in 1956, R. G. Lipsey and Kelvin Lancaster published “The General Theory of the Second Best,” also known as the Lipsey-Lancaster theorem. Recall that the situations that economists stipulate in theoretical models are idealized, usually highly so. Consumers are rational and have access to perfect information. There are no transaction costs. Goods of a particular type are identical. Capital moves freely across borders. Using these assumptions, or similar ones, the model is then shown to produce a global optimum. This highly abstract result is then used to argue for making the world correspond as closely to the model as possible, by lowering transaction costs (such as taxes and regulatory costs) and reducing barriers to movements of goods and capital.
But these changes will not produce the fantasy world of the model. Doing business always involves costs, such as negotiating, invoicing, and shipping. Capital never moves without restriction. Buyers and sellers are never all knowing, and products are differentiated. Despite the pretense of science, it is a logical error to assume that steps that realize any of the idealized assumptions individually move the system closer to an optimum state. The Lipsey-Lancaster theorem examines this thinking and proves it to be false.
The article shows, first in narrative form, then with the required formulas, that if all the conditions for the ideal state cannot be met,
trying to meet anything less than all of them will not necessarily produce an optimum. Partial fulfillment of equilibrium conditions may be positively harmful, forcing the economy to a less desirable state than it was in before. Thus simple-minded attempts to make the world resemble hypothetical optimizing models could well make matters worse.
In general, outcomes at least as good as any “second-best” reality can result from a wide variety of different policy choices. So, while abusing rarified economic models to grope toward a unique hypothetical ideal can be harmful, many different messy policy choices can lead to improvements over any current, imperfect state. There is no one, true road to economic perfection. Trudging naively along the apparent path set forth by textbook utopians may lead followers badly astray, despite the compelling simplicity of the stories they tell."