Misery Spread Widely

Tyler Durden's picture




 

Via Gordon T. Long of GordonTLong.com,

The 'something for nothing' mentality is now firmly in charge in the developed economies. As the G7 economies cascade lower under their past, present and future entitlement & politically connected reward policies, misery is now being spread widely! Misery being spread widely is the product of socialism, as real growth disappears and money printed out of thin air fills in for the lack of real income growth. All of this is paid for by the money you earn and store your wealth in, buying less and less, while your balance in the bank stays the same. The attacks on wealth and job creation are set to accelerate as politicians loot and plunder the private sectors to pay the unpayable promises and support those that don’t produce, by dis-incenting and enslaving those that do. Effectively, penalizing those who lead a prudent and productive lifestyle.

The cynical would argue that the goal is not to spur economic growth and job creation but instead is intended to formant economic collapse, grow government dependence, gather power as the man-made disaster unfolds, take freedoms and redistribute what wealth is left to the special interests in charge. This may very well be true but it could also be a matter of human nature and the generational re-learning of what role a government must be restricted to playing.

"A great civilization is not conquered from without, until it has destroyed itself from within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars."  – Will Durant, The Story Of Civilization III, Epilogue, 1944

Recent Hurricane Sandy exposed once again the governments inability to execute even its most basic mandate - to serve the people. Grief stricken Americans heard plenty of platitudes by well meaning politicians, but the follow through was as usual found wanting by the destitute. The bureaucracy that the politicians supposedly run, with expanding central planning and control, simply couldn't deliver on its most basic responsibilities. The politicians focused on political goals of power and the redistribution of wealth through taxation, regulation and crony capitalism only add to the growing frustrations with the incompetence, inefficiency and shear neglect of the government. The bureaucrats have consistently failed the people and with their failure so will the healthcare, energy industry and financial systems.  They have failed with the post office, social security, the public schools, medicare, medicaid, energy policy and everything else they have taken charge of in a supposed attempt to serve the people!

Every generation learns these simple truths about governments and central planning, but always fall into the trap of expecting and relying on government versus themselves. The reality is people will sell their freedoms for what they perceive to be safety and security. Predictably and consistently they end up with neither safety not security.

Many have learned through experience that socialism is best defined as "Misery Spread Widely".

 

Margaret Thatcher in the depths of pulling the UK out of its economic misery pointed out:

 

"Socialism is about spending other peoples money, until there is none left to spend".

Slowing Credit, CAPEX and Corporate Industrial Production are only three of the 'Canaries in the Coal Mine' that point out that the current bull market in government regulations and uncertainty is stymieing growth, innovation and risk taking. By avoiding and effectively "papering over pain" with unsound money and a litany of transfer payments, it doesn't allow nor force required societal change. It may 'kick the can down the road' by 'extending and pretending' but it only delays the inevitable. A degree of pain is needed to keep a society both healthy & vibrant. Without it you remove motivation and instill complacency, reduced risk taking and Misery Spread Widely.

 

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Sat, 12/15/2012 - 18:57 | 3067286 I am more equal...
I am more equal than others's picture

something for nothing get your chick for free

along with condoms and birth control pills

 

Sat, 12/15/2012 - 20:20 | 3067473 max2205
max2205's picture

1592  Pope Clement VIII states that "All the world suffers from the usury of the Jews, their monopolies and deceit. They have brought many unfortunate peoples into a state of poverty, especially farmers, working-class people, and the very poor."

Sat, 12/15/2012 - 22:36 | 3067771 klockwerks
klockwerks's picture

Well max, I guess the old pope was just like a lot of people today, stupid

Sun, 12/16/2012 - 00:43 | 3067987 AldousHuxley
AldousHuxley's picture

ironically wealth makes people stupid and lazy

Sun, 12/16/2012 - 00:54 | 3068008 grid-b-gone
grid-b-gone's picture

Shirtsleeves to shirtsleeves in three generations.

It all goes back in the box..

http://www.youtube.com/watch?v=g6bUUmelbyw

 

Sun, 12/16/2012 - 02:44 | 3068184 economics9698
economics9698's picture

I sense one hell of a backlash against the tribe coming.  Don’t think they will be welcome around here anymore, can’t change their name and move to Singapore to blend in, 2.1 billion Muslims despise them, nope maybe it is the end of the world as we know it.

Sun, 12/16/2012 - 11:44 | 3068532 grid-b-gone
grid-b-gone's picture

My comments were intended for everyone. Bankers are included, but some of the recent people who should have had it made but blew it include:

Michael Jackson, Heath Ledger, Larry Hillblom, Whitney Houston, a recent slew of NFL players, and sports stars in general.

Amy Winehouse even made part of her fortune singing about her upcoming demise. 

Someday there will be a third-generation lotto heir, but I don't think we've seen one yet. 

Lost fortunes are often very public works in process - McAfee, Lohan

For most eroded fortunes, the seven deadly sins waste wealth at a pretty good clip. These days, in the electronic age, it only takes a few first Oxy pills to limit generational wealth to its last generation. 

 

 

Sun, 12/16/2012 - 10:33 | 3068423 sessinpo
sessinpo's picture

Not wealth. Ignorance

Sun, 12/16/2012 - 11:13 | 3068477 max2205
max2205's picture

I thought it was a historical quote worth sharing

Sun, 12/16/2012 - 08:56 | 3068343 tango
tango's picture

Max2205, Your mentality perfectly fits in with the mindse tof the Dark Ages.  I can see you yelling in the streets during the Black Death, "It;s all the fault of the Jews."  Jesus, you think that kind of attitude vanished in the pre-scientific age yet you use a reference by a man who ran the Inquisition and slaughtered hundreds of thousands of women for the crime of being a "witch".  I'd look for another source.

Sun, 12/16/2012 - 11:14 | 3068481 max2205
max2205's picture

It is a quote. Don't bash me

Sun, 12/16/2012 - 11:37 | 3068518 General Decline
General Decline's picture

I was helping my son study for his 5th grade history test over the formation of the breadbasket colonies. His public school history book said that Jews were not allowed to hold "certain types of jobs" at that time. It gave no further details of what kind of jobs they were talking about. Speculation, anyone?

Sun, 12/16/2012 - 14:09 | 3068848 masterinchancery
masterinchancery's picture

They couldn't be agricultural labor under the Tsar.

Sun, 12/16/2012 - 20:12 | 3069595 Lord Koos
Lord Koos's picture

Jews were typically banned from guilds and trades, which is why many of them were forced to find other things to do, such as becoming traders...

Sun, 12/16/2012 - 11:23 | 3068472 Freedomtosayno
Freedomtosayno's picture

Oh yeah Pope Clement, a beacon of light, truth and freedom. So I guess he'll blame Peter, Paul and Jesus too. sarc/ 

Blame the other fellow (group) classic collectivist crap, divide and conquer used by the enemies of liberty.

Sun, 12/16/2012 - 13:08 | 3068724 impermanence
impermanence's picture

Talk about the pot calling the kettle black.

Sat, 12/15/2012 - 20:22 | 3067477 philipat
philipat's picture

What about my Phone??

Sat, 12/15/2012 - 22:09 | 3067641 ball-and-chain
ball-and-chain's picture

Socialism happens when capitalism runs wild.

The global banking cartel stole all our money.  Now we have to pay for their theft.

The poor are being demonized.

We're called a bunch of takers.

47 percent of us are seen as losers with our hands out.

We didn't cause this depression.

We're the victims.

 http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles-through.html

 

Sat, 12/15/2012 - 22:12 | 3067725 TWSceptic
TWSceptic's picture

Socialism happens when capitalism runs wild.

 

That's the stupidest thing I've read all week. Replace capitalism with democracy or government and you might make some sense.

Sun, 12/16/2012 - 01:22 | 3068066 Lord Koos
Lord Koos's picture

Who the fuck do you suppose runs our "democracy", other than the capitalists?

Sun, 12/16/2012 - 09:25 | 3068360 Slightly Insane
Slightly Insane's picture

Pretty sure it's a bunch of folks that follow Karl Marx.  Ever heard of it?  It's the shit that broke up the USSR.

Sun, 12/16/2012 - 20:19 | 3069611 Lord Koos
Lord Koos's picture

Uh-huh, sure, so it's the "Marxists" who control the corporations that bankroll our politicians and run this country? J.P. Morgan, BoA, GE, Apple, General Dynamics, etc.  I'm sure they are all card-carrying party members.  Buy some IQ.  And read some history.

Sun, 12/16/2012 - 11:51 | 3068543 jerry_theking_lawler
jerry_theking_lawler's picture

you spoke the magic words...democracy.

 

our country, aka the united states of america, was founded as a constitutional republic....not a democracy....democracy is MOB rule.

also, along with leaning towards democracy, Amerika hasn't had true capitalism since shortly after the founding fathers were around.

Sun, 12/16/2012 - 12:19 | 3068612 FrankDrakman
FrankDrakman's picture

If you think Lloyd and Jamie and friends are 'capitalists', you don't know the meaning of the word.

Sun, 12/16/2012 - 14:10 | 3068850 masterinchancery
masterinchancery's picture

No, only Marxists and their Crony capitalist bloodsuckers, kind of similar to Mussolini. No real capitalists have any power thanks to our majority of Takers.

Sat, 12/15/2012 - 22:38 | 3067775 klockwerks
klockwerks's picture

Ball, quite whining and get a job then you won't be a victim anymore. You will join the other 1/2 that supports your lazy but

Sun, 12/16/2012 - 10:12 | 3068404 economics9698
economics9698's picture

1912, the last year of capitalism.

Sun, 12/16/2012 - 14:12 | 3068854 masterinchancery
masterinchancery's picture

You are way off, it was 1913!

Sat, 12/15/2012 - 22:48 | 3067797 ZeroAvatar
ZeroAvatar's picture

ball-and-chain:  did your son get tired again after 5 miles?  Please, spare us?

Sun, 12/16/2012 - 01:21 | 3068064 batterycharged
batterycharged's picture

I love reading ZH for the ego-centric gamblers take on life.

Apparently people that sit on their ass and produce nothing, but steal wealth with insider trading and stock swaps are "achievers" "job creators" and "producers".

But the guy working 60 hours per week at min wages PRODUCING SOMETHING but living on food stamps is "unproductive" "a leech on society" "a TAKER".

This mentality is why everyone wants to loot the wealthy. BECAUSE THEY ARE FUCKING ARROGANT AND CLUELESS.

Hey bitch, without those folks working for min wages and no benefits, you don't let your money "work for you". You don't own that fast food chain and make $1 million per year.

You aren't ACHIEVING, you're a fucking THIEF. And you demonize people that ask for health care or some food to eat.

You're a fucking loser.

 

Sun, 12/16/2012 - 09:10 | 3068349 tango
tango's picture

It's a phony argument.  Nobody on ZH is extolling investment bankers as the virtue of achievement (and you know it).  You're ignoring the real world - some folks dream, take chances, get educated, work harder and become wealthy.  They don't spend their time whining about other people's money, demonizing those who make it or bragging about using food stamps (supplied by those evil producers). Get off the victim bandwagon and stop blaming others.

Sun, 12/16/2012 - 12:06 | 3068571 Alcoholic Nativ...
Alcoholic Native American's picture

so you are basically saying, STFU and GBTW.  Got it.  Nice mentality you got there.

Sun, 12/16/2012 - 11:19 | 3068488 max2205
max2205's picture

Fuck you. I say 90% in corp are freeloading at least 60% of the time

Not producing. Trying to figure out how not to get something done that someone asked them to do. It's not unlike govt workers. Except it 95% and 99% in the case of govt

Sun, 12/16/2012 - 12:03 | 3068562 Alcoholic Nativ...
Alcoholic Native American's picture

Good post.  Damn good post man.

Sun, 12/16/2012 - 12:29 | 3068632 jal
jal's picture

" ... pay the unpayable promises and support those that don’t produce ..."

You did mean the "rentiers"

The french took care of that before.


Sun, 12/16/2012 - 10:52 | 3068442 sessinpo
sessinpo's picture

ball and chain:  "Socialism happens when capitalism runs wild."

 

And that is where your err in thinking. You see, what most, including you considering your post, is that capitalism is a market force that occurs regardless in every society - even socialism.

You think that socialism is the opposite of capitalism whereas it is not. Socialism is crony capitalism (really fascism) whereas the government gets involved and distorts and manipulates the markets. Capitalism still exists and is in force. For example, if a socialist nation is creating an economic environment that reduces free markets and the ability to profit, the money (usually international) flows to other areas of the world. That is free markets and that is capitalism. It is only those within that crony socialist system that are getting the most hurt. And usually it is the average person because the wealthy within that socialist nation take their money and invest it outside - Capitalism.

 

You will always be a victim. For some odd reason, you think life if fair and you are entitled. That is why you are seen with your hand out. Get off your ass and work 2-3 jobs like I have when I had too working minimum wage at restaurants. I worked 3 jobs (2 full time and 1 part time) for two years to get my financial situation in order so I have very little sympathy for those that don't care enough for themselves to make their own life better. Why should I care about you when you don't care about you?

Sun, 12/16/2012 - 13:46 | 3068812 Woodyg
Woodyg's picture

When 1% of the country takes home 90% of all new income - and they just happen to be the richest and most politically connected - using this wealth to BUY the Political System its not

SOCIALISM

Its FASCISM for christ sakes -

Sat, 12/15/2012 - 22:54 | 3067806 mofreedom
mofreedom's picture

From the company that brought you:  turn your neighbors American flag upside down...try this.  Go to  Best Buy or Target, somewhere both rich liberals and poor liberals shop.  When rich liberal and poor liberal are both near you, say to the poor liberal:  yo, this rich honky over here says he wants to buy you a tv, bunch of food, condoms, and some nice white tshirts, he's got way enough money, yo.  Then talk to the liberal, and say:

say yo, you say every day you need to pay more in taxes, but you never have, have you, no, that's right you haven't, now pay them now, and you can skip the middleman, now help a brother out.  Now get in your car and speed away.

Sun, 12/16/2012 - 09:48 | 3068378 Cloud9.5
Cloud9.5's picture

Once you have looted the mall and burned it down, then where do you go?  March the rich to a ditch and shoot them in the back of the head and take all their wealth.  Most of the money is not real.  You will discover that a piece of leveraged paper is worth considerably less than its face value.  After you have collected up their expensive baubles you will be woefully disappointed.  The whole system is a confidence game.  You stick a pin in this bubble and let the air out, there won’t be enough left to run this sham six months.

Sat, 12/15/2012 - 18:57 | 3067290 ISEEIT
ISEEIT's picture

Yeah but North Korea is a real country right? People live there and everything so that proves that central planning actually can work. Ya just need to do it the right way.

Sat, 12/15/2012 - 19:01 | 3067301 Winston Churchill
Winston Churchill's picture

We already have our own 'dear leader' ,we are half way there already under  his inspired,

infallible vision.

This message brought to you by the MSM,copyright MSNBC.

Sat, 12/15/2012 - 20:09 | 3067458 Zer0head
Zer0head's picture

Mubarak slips in prison shower, injured in head

http://english.alarabiya.net/articles/2012/12/15/255307.html

Sat, 12/15/2012 - 20:45 | 3067524 CPL
CPL's picture

...injures head, salve applied to ass generously.

Sun, 12/16/2012 - 02:26 | 3068165 HurricaneSeason
HurricaneSeason's picture

I think they should do a brain scan and urine test to see if she's faking. Secretary of state is eligible for workman's comp isn't he?

Sun, 12/16/2012 - 01:25 | 3068070 batterycharged
batterycharged's picture

Yeah, let's ignore most of western Europe that compared to the US is Socialist.

And ignore that for all OECD countries, the US lags those socialist coutnries in health care, child life expectancy, literacy, education and just plain quality of life.

 

Sun, 12/16/2012 - 09:18 | 3068354 tango
tango's picture

Not sure what planet you're from but every nation in Europe is in DEEP retrenchment on social programs.  They've maxed out on taxes, cut out spending for defense, maxed the credit card and are still drowning.  People used to say Europe was in gradual decline but instead it's more like a roller coaster. Travel Spain, Portugal, Italy, Greece or Southern France (away from the tourist traps) and get a lesson.  The level of idleness is staggering, begging, seediness and poverty is astounding. After a while you get tired of the "quaintness" factor.

Sun, 12/16/2012 - 10:49 | 3068447 Lednbrass
Lednbrass's picture

What I find frustrating in the comparison of the US and Europe is ignoring the reality that the US footed their defense bills for the last few generations. If we pull out (and we certainly should) watch them scramble as they have to peel away those social programs to pay for a massive revamp of their miltary forces.

If anyone can find a 67 year stretch in European history free of war as the Pax Americana has been, I would love to hear of it. Any of you enlightened Euro types got anything comparable? What's that you say- no? The peace and prosperity in Europe has existed only because it lives in the shadow of the extremely expensive American sword, yet few of them care to acknowledge the hard reality of that. Unfortunately it has cost the US its future and its very soul as it transitioned into The Empire.

Sun, 12/16/2012 - 09:35 | 3068366 Slightly Insane
Slightly Insane's picture

North Korea .... "People live there and everything so that proves that Central Planning actually can work" ..... Pardon me, but I' think that your logic is messed up?  No one in a centrally planned "state" ..... "works". 

Sun, 12/16/2012 - 16:56 | 3069192 mkhs
mkhs's picture

ISEEIT,

Yeah.  Starving isn't much of a living. 

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