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Guest Post: Can Government Create Opportunity?

Tyler Durden's picture




 

Submitted by James E. Miller of the Ludwig von Mises Institute of Canada,

Last year, the Boston branch of the Federal Reserve put out a working paper which contained detailed data on the declining trend of economic mobility in the United States.  According to the paper, the percentage of Americans who reside in the lowest income quintile and move up either to the middle quintile or higher has been in decline over the past three decades.  This statistic should be alarming as it is indicative of stagnation within an economy that supposedly fosters the entrepreneurial spirit.  Without the opportunity to create and deliver things which enhance the lives of others, society as a whole ends up being denied the work of the most constructive members. To some, it has meant that government at all levels is doing an inadequate job in addressing what appears to be a growing divide between the haves and have-nots.  Calls for higher taxes to pay for programs and schemes of redistribution which would enable the less-fortunate in following their ambitions usually follow.

It is standard fare for pro-government advocates to defend the notion that the state exists to create opportunities for the people.  In first presidential debate between U.S. President Barack Obama and challenger Mitt Romney, Obama articulated his belief that the federal government should “create ladders of opportunity” as well as “create frameworks where the American people can succeed.”  The president is not alone as economist and leading voice of progressivism Paul Krugman expressed his dismay in his New York Times column over Washington’s failure to create “equal opportunity.”

Conventional examples of government-created opportunities include cheap college loans, public education, small business loans, land grants for universities, housing for those on low-income, and an array of infrastructure projects meant to facilitate transportation.  Proponents of these measures see them as a necessary springboard for social mobility; that without these resources, the downtrodden would forever remain in a state of destitution.

The problem with this assertion is that the ability to lift one’s self up by their proverbial bootstraps is only ever hampered by the state.  The various efforts to create “opportunity” by lawmakers necessarily mean less opportunity created in the non-government sector.  Nothing government has a hand in ever comes for free.  Unlike the private sector which relies on voluntary payment or donation, the state obtains its resources through force and fraud.  This impairs the ability of political spenders to engage in efficient economic calculation and gives rise to cronyism.  The opportunities created by politicians are for their favored interests; hardly ever for the benefit of all.

In a free society there would be ample opportunities to meet the desires of others.  As long as the rights of others are respected and protected, people can pursue their own happiness without fear of violent retaliation.

Life, in a sense, is opportunity.  It is a chance to live and prosper or fall and whither away.  This is a reality that no ruling institution, governmental or spiritual, can alleviate.  Man entered this world with only the natural world at his fingertips.  The modern age is no different.  All of the conveniences enjoyed today still come from the Earth.  The difference is that as that mankind’s population has grown, trade has expanded across the world, and the division of labor has deepened, goods and services have improved the human life well beyond than what any individual thought possible just a few decades ago.  When left to its own devices, the market economy will tend to bring that which was once considered luxury into the hands of even the poorest in society.  As long as man’s desire remains limitless, the progress made will only continue.

Government is not an enabler of this kind of opportunity but a barrier to enterprise.  Certainly the multitude of bureaucracies at every level of government can provide a career to anyone interested.  But this employment comes at the expense of the non-coercive, private sector.  The ruling class makes it its job to regulate and control.  This means interference in the free dealings of people.

The classic example is that of minimum wage laws.  In the name of lifting the lower class out of poverty, lawmakers establish price floors enforced through the threat of fines or imprisonment.  This dictate has the opposite effect of pricing out those whose added marginal productivity does not exceed the level deemed politically appropriate.  A chance to work at a lower wage and gain applicable experience is all but cut off.  Instead of helping the poor, minimum wage legislation is extremely detrimental to the low-skilled.  For smaller business, the mandating of higher wages makes it more difficult to compete with larger, more profitable competitors who are in better financial shape to meet the new requirement.  The result is less opportunity for both prospective workers and self-starter companies.

When a member of the political establishment speaks of “creating opportunity,” it is almost always a sign of a coming boondoggle where a close affiliate’s pockets are lined with taxpayer money.   The state erects obstacles to prosperity; never pathways.  In a world of scarcity, opportunity for a better life is an ever-present reality.  In the marketplace, success is achieved by making others better off.  Achievement for the state means trampling on the rights of others.  One embodies the elements of peace and cooperation which give way to fostering incalculable opportunities to thrive.  The other results in a perpetual state of conflict between what 19th century American political theorist John C. Calhoun labeled as “two great classes.”  The first class consists of those who “pay the taxes” while the other is “those who are the recipients of their proceeds.”  The state creates opportunity for latter and decimates it for the former.  The only way to set free the innovative minds who build wealth and opportunity is to scale back this exploitive state of affairs.

 

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Sun, 10/14/2012 - 19:20 | 2888802 CitizenPete
Sun, 10/14/2012 - 19:35 | 2888817 Silver Bug
Silver Bug's picture

They can, but for everyone they make, they will lose 3 more.

 

http://jamesturkblog.blogspot.ca/

Sun, 10/14/2012 - 19:44 | 2888824 Precious
Precious's picture

 

Opportunity for lawyers, maybe.

 

1976: Jimmy Carter - Walter Mondale [LAWYER]

1980: Jimmy Carter - Walter Mondale [LAWYER]

1984: Walter Mondale [LAWYER] - Geraldine Ferraro [LAWYER]

1988: Michael Dukakis - Lloyd Bentsen 

1992: Bill Clinton [LAWYER] - Al Gore [LAWYER]

1996: Bill Clinton [LAWYER] - Al Gore [LAWYER]

2000: Al Gore [LAWYER] - Joe Lieberman [LAWYER]

2004: John Kerry [LAWYER] - John Edwards [LAWYER]

2008: Barack Obama [LAWYER] - Joe Biden [LAWYER]

2012: Barack Obama [LAWYER] - Joe Biden [LAWYER]

TOTAL DNC LAWYER CANDIDATES: 16 

 

1976: Gerald Ford - Bob Dole

1980: Ronald Reagan - George H. W. Bush

1984: Ronald Reagan - George H. W. Bush

1988: George H. W. Bush - Dan Quayle [LAWYER]

1992: George H. W. Bush - Dan Quayle [LAWYER]

1996: Bob Dole - Jack Kemp

2000: George W. Bush - Dick Cheney

2004: George W. Bush - Dick Cheney

2008: John McCain - Sarah Palin

2012: Mitt Romney - Paul Ryan

TOTAL GOP LAWYER CANDIDATES: 2 

 

Sun, 10/14/2012 - 19:56 | 2888836 francis_sawyer
francis_sawyer's picture

Let's see...

- Ford was a CENTER (for Michigan Football)

- Reagan was a "B" movie actor

- GHWB was a conniving pedophile from a family that financed the 3rd Reich

- Dole?... I dunno... WTF was he anyway?

- GW Jr. was an idiot former alcoholic dropout that was probably also a deserter

- McCain & Romney are both APARTHEID STATE of ISRAEL 'sock puppets'

~~~

Seems to me there are LIMITLESS opportunities in this country for advancement once you get your priorities straight...

 

Sun, 10/14/2012 - 20:14 | 2888870 markmotive
markmotive's picture

Nothing but human ingenuity and innovation can create opportunity. Opportunity = productivity. It doesn't equal consumption.

We have nothing but a lop-sided system of consumption driving 'opportunity' over the past decade at least. We're in the last leg of modern economic expansion before the final financial collapse.

http://seekingalpha.com/article/922591-the-financial-collapse-won-t-come...

Mon, 10/15/2012 - 04:36 | 2889319 Muppet of the U...
Muppet of the Universe's picture

0100100100100000011000010110110100100000010010000111010101101101011000010110111000101110001000000010000001000100011001010111001101110100011100100110111101111001001000000110110101100101001011100010000000100000010010010010000001100001011011010010000001001000011101010110110101100001011011100010111000100000001000000100010001100101011100110111010001110010011011110111100100100000011011010110010100101110001000000010000001001001001000000110000101101101001000000100100001110101011011010110000101101110001011100010000000100000010001000110010101110011011101000111001001101111011110010010000001101101011001010010111000100000001000000100100100100000011000010110110100100000010010000111010101101101011000010110111000101110001000000010000001000100011001010111001101110100011100100110111101111001001000000110110101100101001011100010000000100000010010010010000001100001011011010010000001001000011101010110110101100001011011100010111000100000001000000100010001100101011100110111010001110010011011110111100100100000011011010110010100101110

https://www.youtube.com/watch?v=j0h2u87JwyA#t=1m05s&feature=autoplay&lis...

The singularity is coming.

Sun, 10/14/2012 - 20:36 | 2888925 yabyum
yabyum's picture

FWIW, Bob Dole was 10th Mountain Division in WW2. I would not vote for him but, he has plenty of "sack"

Sun, 10/14/2012 - 21:57 | 2889038 Captain Kink
Captain Kink's picture

And the first Bush was the youngest fighter pilot in the Pacific in WW2.  

Republicans with brains become investment bankers and business leaders (and Actors?)...Dems become lawyers....  

Fact is all these critters have one thing in common--they became politiicians.

Sun, 10/14/2012 - 22:43 | 2889085 knightowl77
knightowl77's picture

This from the "choom" wagon president supporters........LOL

Mon, 10/15/2012 - 00:41 | 2889208 Clashfan
Clashfan's picture

Ford was also a liar for the Warren Commission, the guy who moved the bullet hole in JFK's back up to his neck to make Specter's "magick bullet" theory sound plausible. Ford would be the king of creeps if not for Bush 41.

Cathy O'Brien has some choice info on Ford--and on Cheney. But who believes her, right?

Sun, 10/14/2012 - 20:19 | 2888884 koncaswatch
koncaswatch's picture

Hmmm… Interesting data set Precious.

I assume you’re communicating the POTUS/VPOTUS candidate lawyer class link to our living conditions; especially political and economic. The data also makes me curious (from a now newly presented  perspective, thank you) about the ripples in the fabric of my life caused by the decisions made by both classes presented in the data; lawyers vs non-lawyers. Opinion?

Sun, 10/14/2012 - 20:28 | 2888899 Precious
Precious's picture

People can draw their own conclusions.  I'm not trying to prove anything.

Sun, 10/14/2012 - 20:37 | 2888927 koncaswatch
koncaswatch's picture

Understood; always dangerous to assume.

As for the article/post: government does provide opportunity; as a key vehicle of redistribution

Sun, 10/14/2012 - 22:00 | 2889028 francis_sawyer
francis_sawyer's picture

Assume WHAT?... All my statements were factual...

- Gerald Ford was,...IN FACT... a CENTER (for the University Michigan Football team)... ~ besides being a PLANT (which ~ we'll let go 4 now)...

- Reagan was... IN FACT... a "B" movie actor

- GHWB was... (probably IS STILL)... a conniving pedophile from a family that financed the 3rd Reich... (Look up 'Prescott Bush & Bohemian Grove')...

- Dole?... I dunno... WTF was he anyway?

- GW Jr. was an idiot former alcoholic dropout that was probably also a deserter... Please?... Does anyone have any questions about that?...

- McCain & Romney are both APARTHEID STATE of ISRAEL 'sock puppets'... (That sould be obvious as well)...

(with regards to 'Dole' ~ I had no specific comment)... As of the most recent JUNK COUNT... I received a 3-1 'minus' count (9-3)... What does that say?... Do people care about the truth?, or do just like to JUNK ad hoc?... I suppose The PROOF lies, as always, in the FACTS...

Mon, 10/15/2012 - 00:42 | 2889211 Clashfan
Clashfan's picture

You'll get one up from me. Now, how many of those creeps you're calling out are Jews? NONE.

Mon, 10/15/2012 - 00:55 | 2889221 koncaswatch
koncaswatch's picture

@ francis 2889028

You're an hour and a half late to this conversation; I was commenting to Precious on my assumption. Relax

Sun, 10/14/2012 - 19:25 | 2888807 ShortTheUS
ShortTheUS's picture

The neandersheeple love their minimum wage laws: The higher the better in their uninformed view. So politicians make it so.

In a sense it's not government but the people who empower it that quash opportunity.

Sun, 10/14/2012 - 19:55 | 2888835 SafelyGraze
SafelyGraze's picture

"the percentage of Americans who reside in the lowest income quintile .. has been in decline over the past three decades"

and eventually the percentage in the upper half will reach 100

/lakeWobegon

Sun, 10/14/2012 - 19:29 | 2888810 Yen Cross
Yen Cross's picture

Ask "Big Bird"?

Sun, 10/14/2012 - 19:40 | 2888822 knukles
knukles's picture

Give unto Caesar that which is Caesar's
Give unto Caesar every fucking thing else

Hows' that worked so far?

Sun, 10/14/2012 - 20:03 | 2888853 Yen Cross
Yen Cross's picture

 Now yer getting it! Shall I send the instructions from the second , " Nervan-Antonian Dynasty " to you?

 "Hadrian", was especially , conspicuous in his conquests.

Sun, 10/14/2012 - 19:43 | 2888826 CPL
CPL's picture

Depends on the opportunity.

 

On a regional level the idea of shared infrastructure is possible.  HOWEVER we have also see what happens when tax bases are burned down with home prices.  Maintenace goes out the window and local municipal chapters think more chairs for politico's are the answer.  So that's a sum = sum game.

 

I'll have to seriously think about this.  Proposition and unintended consequences and system failures...interesting question.

Sun, 10/14/2012 - 19:47 | 2888830 orangegeek
orangegeek's picture

Yes-sir - Solyndra was a huge "picking the winners" government success.

 

All this socialist/communist crap is about to end.  Markets are ready to slide heavily.

 

http://bullandbearmash.com/chart/slighty-today-week/

 

It's sad that our society is headed for a few decades of utter misery before recovering from this "government knows all" disease.

 

 

Sun, 10/14/2012 - 19:55 | 2888834 nmewn
nmewn's picture

"The various efforts to create “opportunity” by lawmakers necessarily mean less opportunity created in the non-government sector. Nothing government has a hand in ever comes for free. Unlike the private sector which relies on voluntary payment or donation, the state obtains its resources through force and fraud. This impairs the ability of political spenders to engage in efficient economic calculation and gives rise to cronyism. The opportunities created by politicians are for their favored interests; hardly ever for the benefit of all."

Ah yes, the raging debate of equality of opportunities vs equality of outcomes...let me just step into the garage and check the ole 100 thousand dollar Fisker Karma to see if my popcorns ready ;-)

Sun, 10/14/2012 - 19:59 | 2888842 ItsDanger
ItsDanger's picture

The govt should enhance opportunities for competition within industries as much as possible.  The oligarchies we have today are stifling everything.

Sun, 10/14/2012 - 20:07 | 2888861 Twodogs
Twodogs's picture

For some governments, these are unintended consequences. For others, it's their raison d'être. Follow the money, bitchez!

Sun, 10/14/2012 - 20:14 | 2888874 billwilson
billwilson's picture

Can idiot at Mises write another POS article? Yes, he can!!!

Sun, 10/14/2012 - 20:21 | 2888885 LawsofPhysics
LawsofPhysics's picture

Well, there certainly are lots of "opportunities" after a country has been ravaged by war. So yes, I'd say governments have been creating opportunity for quite some time now. Stupid sheep.

Sun, 10/14/2012 - 20:23 | 2888889 r00t61
r00t61's picture

Forward, asymmetric war profiteering for everyone!

Sun, 10/14/2012 - 20:28 | 2888897 LetThemEatRand
LetThemEatRand's picture

Miller is a corporate shill ideologue.  Koch is one of his largest supporters and benefactors.  It is amazing to me that after 40 years of ever-lowering taxes and less regulation on business (yes, starting with Reagan -- what you to hear to the contrary is just ideological shilling) and free trade with every slave ship country that will build a factory and allow the closure of one in the West where workers demand living wages and benefits, that the answer is more of that.  We have an unprecedented crisis facing this country because we've allowed big corporations and banks to run us into the ground in favor of their own obscene wealth creation.  Ask the 400 people who have more than 1/2 of the entire U.S. population how Obama's redistribution is hurting their ability to create wealth.  These fucks are never going to create jobs.  Not here.  Not jobs you want.     

Sun, 10/14/2012 - 20:54 | 2888955 nmewn
nmewn's picture

"It is amazing to me that after 40 years of ever-lowering taxes and less regulation on business (yes, starting with Reagan -- what you to hear to the contrary is just ideological shilling) and free trade with every slave ship country that will build a factory and allow the closure of one in the West where workers demand living wages and benefits, that the answer is more of that."

So the answer is to raise taxes on wages? And I wasn't aware that the pages of regulation had gone down...source please.

"Ask the 400 people who have more than 1/2 of the entire U.S. population (wealth?) how Obama's redistribution is hurting their ability to create wealth."

I don't have Obama billionaire/millionaire campaign bundler and supporter phone numbers on speed dial (Buffet, Soros, Gates, Zuckerberg, Krugman, fucking P-Diddly etc.) perhaps you do?

Sun, 10/14/2012 - 21:05 | 2888974 Buckaroo Banzai
Buckaroo Banzai's picture

No government ever created a productive job-- EVER. They are wealth destroyers, not creators. That's an undeniable FACT.

At least our stupid crony corporatist central-banking command economy creates productive jobs SOMEWHERE, I.e. overseas. It's sad and pathetic and ultimately a dead end but it's better than what FedGov does, which is DESTROY EVERY FUCKING DOLLAR THEY GET THEIR HANDS ON.

Sun, 10/14/2012 - 23:24 | 2889132 Twodogs
Twodogs's picture

Realize too that for every manufacturing job outsourced, more are created to meet the increased demand resulting from lower production costs. Sure, those jobs aren't created in the west, but they are still creating net wealth globally.

The lesson of globalisation is follow the product life cycle in production as commodities will always come down to the lowest common denominator ie cost.

Mon, 10/15/2012 - 01:42 | 2889248 Just Ice
Just Ice's picture

wrt "ever-lowering taxes and less regulation on business"...

Regulations have not come down...they've been raised as obstructions everywhere, especially locally.  When it costs $20-$30,000 just to get through permitting processes and bureaucratic paperwork run arounds, zoning and often environmental and traffic studies, simply to open the doors on a "ma and pa" small business, not even counting capital required for the equipment, inventory and overhead carry cost; and, when it is a violation of law for someone's kid to set up a neighborhood lemonade stand in their front yard, or to sell one's home grown garden produce, government has went over the deep end deliberately preventing and obstructing business, employment and opportunity.  Bunch of control freaks.  Think someone out of a job can just invest in buying a cab and start earning a few bucks driving in a metropolitan area?  Ha!  That's reserved for millionaires.

And there should probably be no corporate tax...because the corporations don't pay it.  They pass it on to the customers in higher prices and fees.  Taxes are just another item of overhead to be recouped in sales.  So ends up as higher price (consumer paying the corporation's income taxes as part of cost of goods) together with consumer getting charged a larger sum in sales taxes...since sales tax is added on top as a fixed percentage.

Oh, and its the end user ultimately bearing the cost of all the regulations as well.   

Sun, 10/14/2012 - 20:27 | 2888898 Yen Cross
Yen Cross's picture

 The Asia session is drooping. Time for a walk about.

Sun, 10/14/2012 - 20:32 | 2888916 fonzannoon
fonzannoon's picture

Yen i noticed the dollar was weaker friday despite commodities dropping. Do you think the dollar gets bid here or has it broken support?

Sun, 10/14/2012 - 22:40 | 2889083 Yen Cross
Yen Cross's picture

I think the $ is bid S/T.

Sun, 10/14/2012 - 20:36 | 2888923 spooz
spooz's picture

The non-coercive private sector seems to devolve into things like wage arbitrage and financial gaming by elites.  I don't trust the economic royalists any more than I trust their cronies in government.  In the future, automation will be the cheapest solution for the capitalists, at which point the workers are no longer necessary except as consumers.  How does that work out in the Mises utopia?

Sun, 10/14/2012 - 23:31 | 2889137 Twodogs
Twodogs's picture

Oh yes, if only we'd kept all those typing pools, there'd be no unemoyment.

It keeps being predicted, but never eventuates. Your scenario eventuates when something is commoditised. If you can do it better, go start your own business.

Sun, 10/14/2012 - 20:50 | 2888951 JuliaS
JuliaS's picture

The government cannot provide anything it hasn't stolen from somebody else first. That includes opportunity.

Sun, 10/14/2012 - 21:04 | 2888975 ZeroAvatar
ZeroAvatar's picture

"When a member of the political establishment speaks of “creating opportunity,” it is almost always a sign of a coming boondoggle where a close affiliate’s pockets are lined with taxpayer money. "

 

Another key phrase to watch for is 'The American People'.  Grab your wallet with both hands.

Sun, 10/14/2012 - 21:23 | 2888992 ZeroAvatar
ZeroAvatar's picture

"Can government create opportunity?"

 

Every dime the Government uses to pay for its 'opportunities' comes out of the taxpayer's pocket.  Is it ok for the government to steal from me and give it to someone else as an 'opportunity'? 

 

Opportunity, for WHO?  Low I.Q. affirmative action lazy moochers?

 

In a FREE market, people make their own opportunities, or they die.  It's just that simple.  There are far too many 'useless eaters' on the planet laying around on their sofas waiting for some more government 'OPPORTUNITY'.

Sun, 10/14/2012 - 21:32 | 2889003 robertocarlos
robertocarlos's picture

Low rates didn't stop Fry from earning millions.

Mon, 10/15/2012 - 02:33 | 2889271 Venerability
Venerability's picture

You still don't get it, Tyler - which means neither does your boy Ryan and the other Extreme Supply Siders.

The people you have been hurting the most via Shorting the Universe the past two decades are those of us who comprise the 10 or 20 percent below the 1 percent - which is more likely the 1 percent of the 1 percent, anyway.

You have been hurting my Baby Boom generation - the best-educated, most sophisticated, most politically aware, and most financially aware generation in American history.

The income skewing of the past two or three decades has hurt US the most: typical investors, typical traders, typical small business owners, typical well-educated professionals.

The only thing we DON'T have going for us is not being lucky enough to make the ranks of the Self-Anointed Ones in the JPM or AmDocs or TOS or CNBC Nexus.

We have been the primary victims of the extraordinary outsourcing and downsizing of US managers and professionals - Yes, including financial services managers and professionals - in recent years.

We have been the primary victims of falling home prices, since we are all home owners, generally without mortgages.

We have been the primary victims of both parties' total neglect of the US's former stengths in Manufacturing, Resources, Infrastructure, Agriculture, Exports, and Main Street Small Business - sectors in which we dominated and still do.

And we are the primary victims, of course, of the Great Crash, from which we are only now really recovering.

We are also pretty much all of the real Swing Voters and Undecideds this time around.

Whichever party continues to diss us and dismiss us does so at their extreme peril.

Mon, 10/15/2012 - 07:43 | 2889694 Ace Ventura
Ace Ventura's picture

I can't tell if you're being serious or forgetting the /sarc tag. How is anyone 'shorting the universe'....translate into hurting your most awesomest of generations? That laundry list of things you mentioned which are apparently victimizing the boomers the 'mostest', are the result of policies/actions implemented during whose watch?

I could clearly be wrong, but it seems to me the boomers are the last generation who will actually get to live the 'retirement' lifestyle. I have yet to see a post-boomer driving an RV, criss-crossing the country hitting up all the sights and generally enjoying their 'retired years'. Rather, the subsequent generations (X, Y, millenials?, etc) are pretty much doomed to work until the day they drop dead.

 

Mon, 10/15/2012 - 08:23 | 2889754 mikesswimn
mikesswimn's picture

This has to be a joke, right?  If so, pretty funny.  I mean, otherwise, how could the "the best-educated, most sophisticated, most politically aware, and most financially aware generation in American history" gotten so apparently butthurt?  Definitely funny.

Note: If I'm off here, and you're being serious, this is quite possibly the stupidest shit I've ever read.  Or, just as bad, I've just fed a troll.

Mon, 10/15/2012 - 09:36 | 2889894 Venerability
Venerability's picture

BOO!

And once more, we'll vote for whomever treats us best.

As you will see in a very few days.

Mon, 10/15/2012 - 15:24 | 2891653 AurorusBorealus
AurorusBorealus's picture

I grow beyond weary of hearing American baby-gloomers vain-glorious pronouncements regarding their own wondrous nature.  Let us recount what the baby-boomers have wrought, precisely and with facts at our command.  The baby boomers demanded self gratification at the cost of all the social order that had guided humanit for 6,000 years.First

 First, they insisted upon sexual liberation and easy divorce, which they received.  The result is drug-addicted children (both the prescription and the illegal varieties) who lack the basic skills for self-preservation, a complete breakdown in the mores of society, organized murder (via abortion) on a grand scale, and the destruction of the education system (both at the university and at the lower levels).  To suggest that the destruction of the family did not cause the problems of drug addiction, violence, the destruction of the education system and the rise of the welfare state is akin to saying that printing money does not cause inflation.

Secondly, the baby-boom generation has made a society ripe for totalitarianism, with their mass media: their television, and their radio.  They share a herd mentality, a group-think that drowns out all critical thinking and has been a direct result of the boomers love of mass media.

Third, the consumer culture (promoted by the group-think advertisements on mass media) of the baby-boomers has been nothing but a plague upon the world.  It has created the multi-national corporations that now exploit slave labor, and have stolen all the productive capacity of the West and given this same to communist China, in order to bring baby-boomers all the cheap shit that TV says that they need.

Finally, their demand for instant gratification and their inability to think critically has destroyed the government as they have voted in politicians who do nothing but pander to their narcissism.

The baby boomer generation is solely and exclusive responsible for the destruction of the civilization that their parents fought so hard to preserve during the Second World War.

Mon, 10/15/2012 - 08:23 | 2889748 mikesswimn
mikesswimn's picture

...

Mon, 10/15/2012 - 10:07 | 2889849 spooz
spooz's picture

Yeah, it'll never happen, except it is happening.

http://www.nytimes.com/2012/08/19/business/new-wave-of-adept-robots-is-changing-global-industry.html?pagewanted=all&_r=0

So, is "go start your own business" going to be the new "get a job" for greedy elites who want to keep their piles untouched by taxes? So easy, huh? Meanwhile, their spawn have their path laid with gold, living the globalist dream as the American dream dies. And what incentive do they have to do anything productive at all?  So much easier to loot, with a captured DOJ.  Should we get rid of the DOJ, too? 

(reply to Twodog's comment, below):

"It keeps being predicted, but never eventuates. Your scenario eventuates when something is commoditised. If you can do it better, go start your own business."

Do NOT follow this link or you will be banned from the site!