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Archive for December, 2010

Mr. Market is Leaving a Voicemail

December 1st, 2010

Beep: (Mr. Market) We need to totally change the way governments operate. Eliminating the tax cuts does the opposite by putting more money back into the government’s coffers. We need to stop enabling this crony capitalism. Isn’t the marginal productivity of every $ spent by the government less than the productivity of every dollar spent by a countries citizens? Why not cut spending instead? Why not stand up and say hey, this is BS? Politically you seem unable to do this so I will force a restructuring upon you! I sincerely hope liberty survives my sword, but that is in your hands, not mine. “

Mr. Market is sending signals to us. He is shouting the crony capitalism induced spending needs to stop!

Almost every page of every bill passed is a small fee on many that lines the pockets of a few. It is pure crap. It is pure crony capitalism (not to be confused with actual capitalism).Take the body scanners in the airports for instance.

openmarket.org: “The TSA full-body scanners are a particularly egregious case of this. George W. Bush’s former Homeland Security Secretary, Michael Chertoff has a personal financial stake in the production of full body scanners produced by Rapiscan Systems (a subsidiary of OSI Systems). Notably, the CEO of OSI Systems recently joined President Barack Obama on the recent trip to India. No doubt it was a great opportunity to convince Obama of the “necessity” of full-body scanners in the ironic battle to protect freedom.”

Ah yes, this is a change! A change from covert crony capitalism to overt crony capitalism.

I thought perhaps this is what the tea party was suppose to be about, but sadly I believe the message sent in November has been lost in the shuffle. Ron Paul seems to thinks so as well, as illustrated by his reluctance to join the tea party coalition.

Why not just bring the troops home instead of fighting illegal foreign wars? Why not empower our citizens to let them decide for themselves how to save money? Don’t we have the classic ant working all summer while grasshopper lounges issue here? Watch this story play out in Europe and next in the U.S.

The EU has empowered a few, at the expense of many, and has, ironically enough, done so in the name of freedom. Well that sham of an experiment is coming to an end, and trust me, it will end badly! Sadly, I must contend, that we will not get any real change until Mr. Market forces change upon us. Now we are seeing the slow death of freedom and democracy in front of our very eyes in the EU. Perhaps Mr. Market intends to deal a quick death blow that will allow an expedient restructuring, however I don’t see that as a likely outcome. There too many pockets being lined with cash. There are too many, with too much at stake, to allow real reform to occur.

Maybe we can avoid the type of pissed off nationalism that inevitably is channeled toward the “others” by governments and consequently avoid the outbreak of the ultimate destruction of liberty… aka wars.

MisesBeliever Government Spending, Interventionism, Liberty, Politics