This page has been archived and commenting is disabled.

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.

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 12/15/2012 - 21:41 | 3067656 I am Jobe
I am Jobe's picture

Single Moms and College Girls are going to go into new professions as you know it. HookersrUs.com will soon be open.

 

Sat, 12/15/2012 - 21:50 | 3067675 ZeroAvatar
ZeroAvatar's picture

Breaking news:  Gunman opens up in Hospital:

 

http://www.presstv.ir/detail/2012/12/15/278264/gunman-killed-after-shoot...

 

I'd bet a lot of people are thinking 12/21/12 is TEOTWAWKI, so they're going postal NOW.  Moar to come.

Sat, 12/15/2012 - 21:55 | 3067692 dolph9
dolph9's picture

Well we are just moving to a dark world, generally speaking.  But that's ok, humans will go on.

Besides the promises of the bright world have been broken.  Where is the utopia?  Why aren't we all millionaires who live playboy lives?

Alright computers and the internet are pretty cool but really they are just ways to waste time more efficiently.

Sun, 12/16/2012 - 01:40 | 3068105 Lord Koos
Lord Koos's picture

No, what the internet is really useful for is keeping track of people.  It's also even better than television for the purpose of distracting the masses while they are robbed blind.

Sat, 12/15/2012 - 22:00 | 3067702 Fix It Again Timmy
Fix It Again Timmy's picture

Any entity that is solely funded by taxation [robbery] is destined to fail and counting on government to save you is like depending on the honesty of theives...

Sat, 12/15/2012 - 22:05 | 3067712 overmedicatedun...
overmedicatedundersexed's picture

.

Sat, 12/15/2012 - 22:12 | 3067728 ZeroAvatar
ZeroAvatar's picture

When you reach the point that MOAR than half of your income is stolen, it becomes the psychological limit.  (Going Galt)

 

http://www.nazisociopaths.org/modules/article/view.article.php/c1/32

 

Greedy rulers versus tapped-out prey.

Sat, 12/15/2012 - 22:16 | 3067739 Benign
Benign's picture

Total crap, neo-feudalist propaganda.

Sat, 12/15/2012 - 22:22 | 3067749 ZeroAvatar
ZeroAvatar's picture

Did you READ the article?  The point is people reach a point where they're unwilling to keep pulling the Free Shit Army in the cart.

 

Neo-feudalist propaganda? 

 

What flavor is the Blue Pill?  Please tell me.

Sun, 12/16/2012 - 11:38 | 3068522 LawsofPhysics
LawsofPhysics's picture

Would this be the same "free shit" cart that has been bailing out failed corporations failed managemement and failed owners?  Funny how these same people get to keep their assets and luxury lifestyles while the taxpayer gets the bill. Yeah there sure is hell a bunch of fuckers who think they are entitled to bailouts.  The guillotine can't come soon enough.

Sat, 12/15/2012 - 22:18 | 3067743 ZeroAvatar
ZeroAvatar's picture

"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."

 

It has taken my whole life to realize that it's been planned for generations:

http://www.thedailybell.com/28447/Anthony-Wile-Elite-Neo-Nazis-Is-Russia...

 

Sat, 12/15/2012 - 22:38 | 3067776 Never One Roach
Never One Roach's picture

Why pay for anything? The Gubbermint is giving out houses for free and others for almost zero down....free cell phones......and so on.

 

It's part of the new paradigm.

Sat, 12/15/2012 - 22:56 | 3067808 Yen Cross
Yen Cross's picture

Go Figure/ I'm perplexed?

Sun, 12/16/2012 - 01:41 | 3068107 Lord Koos
Lord Koos's picture

OK show me a free house, I want one.

Sun, 12/16/2012 - 05:20 | 3068271 bunnyswanson
bunnyswanson's picture

Do you have that comment in Cut & Paste?  I bet you do and use it every chance you get.  I've lived in this country for 50years and this that I see around me is new.  I have been all over the country and in all walks of life.  This is new.  I do not want to argue with you.  The Obama administration carrying the net is the only thing between complete collapse of the rule of law.  Cuttings food stamps or assistance when there are no jobs is a ticket for disaster.  End of the extensions for UI will be end of January of next year.  400,000 checks will stop in Caliif alone.  1.4 million have been weaned off in the last year.

A friend who has a medical imaging center said he was called due to alarm went off last night.  Cops met him there and walked through the place.  (nothing) but cop told him that answering calls for burgaries and breakins is nonstop in this town of 120,000. 

 

If you want to end the plight of the poor so you don't have to pay for their food/shelter, insist on a program to catch them while they are young, invest in their ghettos where there is a war going on no one talks of and is the actual reason why so many Americans die (they are called GANGS).  Broken homes has a devastating impact on children, the stress and fear can send a child in the wrong direction seeking some relief to the grief which is always there.  US economy has required both parents work to pay the bill and be able to live a reasonably good life in the land of plenty, and that has also had an impact on children.  Observation is necessary.  Some patterns, habits and routines are embedded in our neuropathways simply because we witnessed it while growing up, over and over again.

Article:

"Between 2007 and 2010, the median net worth of U.S. households fell by 47 percent, reaching its lowest level in more than forty years, adjusted for inflation. In other words, middle class wealth virtually evaporated in this country. A good chunk of the population got sucked through a financial wormhole back to the sixties."

http://www.theatlantic.com/business/archive/2012/12/the-recessions-toll-how-middle-class-wealth-collapsed-to-a-40-year-low/265743/#

This is beyond our control.  The jobs are leaving and they may never come back.  Small businesses have no customers and are folding like dominoes.  Physicians are getting a 31% cut in Medicare payments in 2013.  Hospitals and medical offices are one of the biggests employers in small communites.  It just never ends.  Nation is being dismantled and the people are going to be dealt with because no one expects this to continue.  Some is going to give.  I just hope for more time.

http://www.sustainablebusiness.com/index.cfm/go/news.display/id/22717

 

Sun, 12/16/2012 - 13:37 | 3068789 LadyEconomist
LadyEconomist's picture

Don't you worry, Marxists in the WH is going to use this situation to gain even more power. It is all designed this way. 

Sat, 12/15/2012 - 22:56 | 3067807 tbd108
tbd108's picture

In light of the caption on this thread (Einstein) and yesterday's terrible events, I believe that is worth mentioning that Dr. Einstein is believed to have had Asperger's symdrome. Which is to say that life on earth is complicated.

Sun, 12/16/2012 - 13:27 | 3068769 LadyEconomist
LadyEconomist's picture

They would rather focus on his collection of guns than on his brain 'disorder'.

Sat, 12/15/2012 - 23:11 | 3067824 Yen Cross
Yen Cross's picture

 Long H2O!

Sat, 12/15/2012 - 23:18 | 3067831 lakecity55
lakecity55's picture

Take the Red Pill or the Blue Pill.

These people are coming for your firearms/means to defense.

If they succeed, every river in this Republic will run red in Blood.

Ayers, O-Phone-- all of them-- are psychotic sociopaths.

The only life that matters is tehir own.

The rest of mankind are meat organisms, slaves, objects to fulfill their psychopathy of Power.

 

Sat, 12/15/2012 - 23:24 | 3067838 PositiveFeedback
PositiveFeedback's picture

For the love of god ZH get your shit together. First it's massive transfer of wealth from the common man to the 1%, then it's the reverse that bothers you. Really this shit, the constant Big VS Small government and the retarded Keynes VS Austrian non-debate is a strawman that distracts attention from the real issues.

Do you friggin libertarians really think it's impossible to build a society where everyone has access to basic necessities like education and healthcare, without reverting to some totalitarian socialist superstate that destroys entrepreneurial spirit and creativity? Well tough luck for you; the Scandinavians have achieved almost exactly that. I suggest to read up on some systems theory to get a basic understanding of what is required to build a stable system that keeps functioning.

As long as you keep posting stuff that does not go beyond these retarded arguments, the debate will never shift to the real issues. I started to read ZH because I thought it fostered critical thinking about the state of our Western societies, but sadly getting more disappointed each day. If it were not for your excellent reporting on the constant absurdities in the media and economic issues, I would have stopped reading long ago.

/rant

Sun, 12/16/2012 - 00:46 | 3067993 Anusocracy
Anusocracy's picture

I'm for panarchism, where you can have your socialist egalitopia, and I can be free from it (and you). It would be fun watching your government destroy you economically.

I have a question for you: why do you want to force others to live their lives according to what you believe?

 

Sun, 12/16/2012 - 04:32 | 3068254 PositiveFeedback
PositiveFeedback's picture

Strange that you assume i'm pro 'socialist egalitopia' just because I try to point out a flaw in the common libertarian discourse. In fact I believe that equal opportunity is a requirement even for a healthy capitalist society. Note that equal opportunity is not equivalent to equality over the entire scale (income etc.) , I'm talking about the right to start off in life with roughly equal chances. 

Tell me, how can you live your life according to what you believe, when you are condemned to a life of misery from the onset? That's why I mention education and healthcare: the level of education you have access to depends largely on your parents disposable income or what your goverment has to offer in terms of public schools. Your physical condition is largely determined by your genes, environmental factors during your upbringing and pure chance (and funnily, also education). So how can you enjoy freedom when these two basic thing are not provided at birth?

Sun, 12/16/2012 - 06:11 | 3068287 tickhound
tickhound's picture

Strange? PF?  Hardly.  Although better these days as many are starting to pull their head out of their asses and WAKE UP for the 2nd time.

"If you're not with us, you're with the SOCIALISTS."

And don't you DARE say ANYTHING I don't understand or can grasp or can contemplate... because that'll get you the over-used "comrade peddling horse piss" label.  A quote that usually means... "I don't know what he just said, but it sounds like horse piss to me."

Its not nearly as bad as it once was, but there are still many here who didn't really venture here to THINK or actually discuss.  They came here for echo.

Sheeit... A year or so ago if you'd have said anything that even MENTIONED the words GROWTH or SCARCITY... well, you know... comrade.

Sun, 12/16/2012 - 15:03 | 3068958 Anusocracy
Anusocracy's picture

Same question for you: Why do you want to force others to live their lives according to what you believe?

You're not God, and you have no proof that your way is the best way, so why?

How about a system to allow each person to choose what government, if any, they are going to have? That's the only way to find out what's best.

 

Sun, 12/16/2012 - 16:02 | 3069025 tickhound
tickhound's picture

JEEZUS H KRISTE this would be EXACTLY the ding-dong AUTO-FALSE BS assumptions I was describing... If it wasn't so pathetically worse.

And what "WAY" was I claiming was best?  I'm GAWD??.. because I invite A FUCKING DISCUSSION around here?  I'm FORCING others to live what life exactly???

And I shouldn't even waste my fucking time poking holes in your OWN overly dramatic and incredibly ASSUMPTIVE position when you say "that's the ONLY way to find out what's best."  Um, yeah, if we all live ALONE, on fucking islands, without conflict, information sharing, culture integration, and PLENTY of ETERNAL unicorn resource juice picked from the forever trees... WTF??

If you want me to yield that free market capitalism is the best system within monetary-ism to produce GROWTH and PROFIT, then I YIELD, I YIELD!!! 

But do you even understand the limitation of said GROWTH??  Can you have an INTELLIGENT discussion as to how SCARCITY affects profit?

You want to be an anarcho??  fine.  Explain your position.  YOu want free markets??  Tell me how WE go about achieving it because not one of us has ever experienced it, yet.  You want a private island so you can be ALONE so that YOU CAN PLAY GOD and discover what's best???  Fine.  As you say, it's the "only" way to discover "what's best."  And while you're choosing your own government, just don't bother telling me.  I'm convinced I won't be missing out on one GD thing. 

You want ASSUMPTIONS?  Here's one.  I already KNOW, for a fact, that there is absolutely NOTHING that you can enlighten me on about ANYTHING.

As for me - A PEER of mine out here likes to say, "I'm trying to limit my debate on which is the best horse in the glue factory."

Now, with that said, don't ever fucking talk to me again.

Sun, 12/16/2012 - 11:56 | 3068548 LawsofPhysics
LawsofPhysics's picture

ZH presents different viewpoints and then allows you to think for yourself.   Try it, you'll like it.  If you really believe that people can't overcome or don't have the freedom to find a decent life for themselves then you really need to just shoot yourself now.

The very idea that any government institution or made-man agency is going to somehow create a level playing field for everybody or insure anyone's right to opportunities, life, and liberty is beyond stupid.  That power resides with the individual, period.  If you are a good individual you will provide the same opportunities for talented people around you.  If you are a bad individual then you won't, but I guarranty that your business will then fail because you won't attract the best talent.

You cannot legislate morality.  Wake the fuck up, the whole reason Nature and the laws of physics has been so successful is because bad ideas, bad systems, and bad  individuals have been allowed to fail and die.

Nothing will change until there are some real consequences for bad behavior.  This can be done in a civil manner or not.  It will come either way simply because the underlying commodity complex (that currently feed 7+ billion) is tied to the laws of Nature and physics and it is collapsing.  The laws of man are really irrelevant and history is pretty clear on how this gets resolved.  People like yourself that beat the "fairness" drum just underscore George Carlin's sentiments that the planet will be fine but the people are fucked.

"not provided at birth" my ass.  Maybe if you were born into physical slavery, but otherwise you simply need to seak out the intelligent good folks.  Stop blogging and go make a real difference, you do have the liberty to do so for now.

Sun, 12/16/2012 - 23:26 | 3070093 PositiveFeedback
PositiveFeedback's picture
Oh wow, seems that this European finally gets the chance to experience the notorious libertarian zeal first hand. Anyway, let me try to refute some of these aguments. (Really no ill will intended)
  •  Blogs like these tend strongly to groupthink. ZH really does not provide that many viewpoints. Seems like i'm getting confirmation on this by people commenting that ZH is an echo chamber. Anyway I can't complain because at least they are a decent news source.
  •  You say that I try to legislate morality, but you try to moralize nature which is an even bigger fallacy (wiki 'Appeal to nature'). The laws of physics are not succesful, they simply are. The laws of physics do not kill off bad ideas and systems (as there is no bad in physics), they kill of systems that are not self-maintaining/self-sustainable (i suggest to look up the word autopoiesis).
  •  Since the only requirement for a system to be succesful is that it is self-sustainable, we as reasoning animals can create any system we wish as long as it fulfils this requirement. The system we choose to create ultimately depends on our own morality. Morality is a pure subjective thing, there is no 'best' morality. If you are more comfortable with a system that does not give people equal chances to pursue happiness, that only says something in the difference in morality between us, nothing more.
  • If you really think that it is all up to the individual, and that only people born in slavery have their freedom restricted, then you clearly do not understand the laws of physics nor the laws of cause and effect.
  • Yes, I should stop blogging and go make a difference, BRB.
Sun, 12/16/2012 - 13:22 | 3068748 LadyEconomist
LadyEconomist's picture

You are trying to equalize everything and guess what, there is no equality in life and no justice. You have to live with it. If you want to give everybody equally, you end up with lowering level for everyone. We don't have enough resources to make equal education and equal healthcare for everybody. No one can fully control it. People inherently are jealouse, make mistake, hoard for themselves, try to manipulate the system, some are lazy, some are crooks. Any time you try to make it equal and just you punish the good guys and reward the bad ones. You end up with disfunctionality and total chaos. Overall you believe in utopia in making Heaven on Earth. It is never going to happen.

Sun, 12/16/2012 - 15:06 | 3068968 Anusocracy
Anusocracy's picture

Okay, change socialist egalitopia to collectivist egalitopia.

Now you can answer my question.

Sun, 12/16/2012 - 01:42 | 3068110 Lord Koos
Lord Koos's picture

Apart from the financial analysis, ZH is mostly one big echo chamber.

Sun, 12/16/2012 - 11:28 | 3068502 Lednbrass
Lednbrass's picture

Poor comparison- the Scandinavians are homogenous cultures where nearly everyone has a common ethnic, historical, and cultural bond. Within their own society, they are an "us"

The US at this point is a massive conglomeration of peoples with little or nothing in common besides language, currency, and the pursuit of "stuff"- the US is not an "us" within its own society and trying to hammer 300 million people into one box is an exercise in futillity.

Far better to split into several countries at this point where people will have some choice in how they live, otherwise it is like 3 or 4 people trying to swim in heavy surf while each has one hand on another's throat and all drown as a result.

Sun, 12/16/2012 - 11:44 | 3068530 PositiveFeedback
PositiveFeedback's picture

Yes you are absolutely right about the hammering into one box - same problem in Europe. I'm all pro decentralization, ultimately people should have the freedom to choose their own form of government/system. And I believe we will eventually head in that direction (independent space colonies anyone?) I was merely trying to give an example to disprove the 'decent public education & healthcare is only possible in a socialist superstate'-fallacy.

Sun, 12/16/2012 - 01:07 | 3068041 Yen Cross
Yen Cross's picture

 Take a look at this!

 Chinese propaganda is getting thick!
The Rise of the Renminbi as an International Currency - Boao Review

Sun, 12/16/2012 - 01:57 | 3068134 dunce
dunce's picture

Socialists believe that everyone should have equal shares of existing wealth, and the quickest and surest way to do that is by hyperinflation destroying all wealth thus making everyone broke but even. It never seems to occur to them that that status never persists because some will just start creating new private wealth or simply property if you prefer. it has been said that the poor are always with us but it is just as true that the producers are also always around and you can not keep a good man down.

Sun, 12/16/2012 - 04:17 | 3068249 luckylongshot
luckylongshot's picture

This article manages to completely misdiagnose the problem. This is that a criminal cabal of private bankers have taken control of the right to create money and abused this right to the point that they now own (according to Swiss research) 80% of the world's wealth. They have done this through fraud, inventing exponentially increasing volumes of money out of thin air and then charging the public for its use. The problems we face today have manifested as we have reached the point where the escalating interest on this mountain of debt is causing a dominoe type systemic collapse. The entire austerity and work harder discourse that is currently circulating appears part of a private banker funded groups push to keep the truth of the situation hidden from the public....the real solution is Public Banking!

Sun, 12/16/2012 - 05:13 | 3068269 liszt
liszt's picture

Why the system will collaps what ever you do ? Simple :

Take a single business, this entity puts 2 things on the market,

a) products, b) some buying power which is the income.

Now i hope that morons here will see that INCOME never can be greater than the value which is pruduced, because it came from there ! DO YOU SEE THAT ?

Now do you see that you will EVER have a lack in DEMAND, since the saving is greater than 0 ? Every dollar saved will not return to economy, but play in casinos like you do here, called "markets". And because lack of demand doesn't help for investing in real economy. Anyway, the inherent lack of demand can only be supplied by debts, until debts are cancelled. Thanks Kenesians for that.

This lack of Demand which there isn't anything to do about except debts, will crash the entire system soon or late. Every person who doesn't admit the fact here is a considerable moron, included Marc Faber and T Durden : Only if the saving is ZERO, the demand can even the production ! But the saving is ever much more than ZERO ! 

Every man on the street understands the systme will collaps, only you here are too sutpid. But you will fade out !

 

 

 

Sun, 12/16/2012 - 06:28 | 3068298 smacker
smacker's picture

Great article. I'm tempted to say that the grinding socialist drive for totalitarian power and control -- operating since the days of The Roman Empire and now at a global level -- over everything/anything that moves, represents the sinister agenda of power-crazed psychopaths. Whether it is that, or just an honest, innocent but incompetent attempt at serving the people who foolishly elect it into power, is a subjective matter.

What we do know from history is that socialism always creates giant authoritarian bureaucracies comprising over-zealous apparatchiks who are attracted by the opportunity of feeling important by pushing their weight around with the backing and power of the State.

Eventually socialism destroys wealth and everything else in its path, and very often ends up slaughtering millions of people who refuse to bow to its growing demands.

 

Sun, 12/16/2012 - 07:14 | 3068311 smacker
smacker's picture

I see a socialist "-1" crony is active today. Too bad he hasn't got the spine to dispute the content with socialist tripe. {shrug}

Sun, 12/16/2012 - 12:56 | 3068694 LadyEconomist
LadyEconomist's picture

I agree with your comments. I think we should"study" socialists closer to be able to deal with them effectively. I also came to the conclusion that they are either stupid/naive or evil, althought stupid choose to stay stupid, so practically they are also evil. Taking under consideration November elections and any elections in UE, for that matter, I don't understand why over a half of the population is wired that way.

Sun, 12/16/2012 - 18:11 | 3069339 smacker
smacker's picture

Totally agree. I have long thought that socialism is "the evil that lives among us" because it fools so many innocent people into believing that it represents fairness, justice and equality etc. No way. Much of it is driven by a craving for power, jealousy, envy and sheer hatred of anybody who succeeds and does well. Their wealth must be stripped from them.

Since socialism in power has never once succeeded to enhance prosperity and wealth but always ends up destroying everything and very often everybody, it's hard to really consider it as a sane alternative political ideology for running anything, let alone a whole nation like the United States. Socialism is already destroying Europe as we now see in the crackpot Eurozone where millions of people are now pennyless and searching the trash cans for food. It will likely end in serious civil unrest.

Sun, 12/16/2012 - 14:35 | 3068898 Waterfallsparkles
Waterfallsparkles's picture

What I find interesting is that Russia and China which both share Communism and Socialism are becoming more Capitalistic.  There is no more Wealth to plunder from the Population.

Where in America we are becoming more Socialistic and getting close to Communism.  It tells me that there is great Wealth in the United States that the Powers to be intend to plunder.  Once it is all gone then we can become Capitalistic again.

Sun, 12/16/2012 - 18:01 | 3069323 smacker
smacker's picture

Yep. China is now running a centrally controlled capitalist economy and Russia is run by oligarchs in cahoots with the political elites. It's really state-corporatism/crony capitalism.

Socialism has learned a few lessons in the past few decades. It now hilariously claims to be "capitalist-friendly" and to understand free market economics, sound money and all that monetary policy stuff. ho-ho.

Trouble is the people in the shadows still have the same mindset and when they get their grubby hands on the levers of power, they soon revert to type and begin manipulating economics and monetary policy to achieve political agendas. It isn't long before the whole system starts cracking up through distortions, fed by corruption. That's about where we are today.

I'm sure history will record that the decline of the United States began in earnest on Obama's watch. As a socialist he will probably be proud of that because it provides him with the opportunity to introduce an ever bigger police state apparatus.

Sun, 12/16/2012 - 07:24 | 3068316 Grimviewer
Grimviewer's picture

where the author off the above comment has written socialist/socialism,replace with the words capitalist/capitalism.

Sun, 12/16/2012 - 10:47 | 3068341 smacker
smacker's picture

Naahh. Proper functioning capitalism operates within a framework of open free markets and minimal government intervention, save to ensure the markets function correctly and abuse doesn't occur. Socialism doesn't allow any of that, never has, because its true believers always know better and attempt to manipulate markets and those who operate in them, to satisfy political agendas: "the central command economy". You end up with a tonnage of excess political regulation, manipulated markets and crony capitalism, which steadily destroys everything. Welcome to the US/UK/EU.

FYI - an example: In 1997 when one Mr Tony 'Teflon' Blair became the British Prime Minister, the cost of "Regulatory Compliance" by employers in Britain was about £11.7 billion per year. That was already too high and was regularly complained about by employers.

But when his socialist Labour Party was ejected from office in 2010 that compliance cost had risen to about £83.4 billion.

We all know that when employers are facing higher running costs and endless new govt regulations, they respond by reducing headcount and stop employing people.

Sun, 12/16/2012 - 10:46 | 3068416 Tom Green Swedish
Tom Green Swedish's picture

Einstein. A once in a generation mind. A scientist not concentrated on weapons to destory, but those to enhance (he alerted the US of the atomic weapon but denouced it). A righteous man with brilliant quotes.

 

The article is correct.  The government really sucks at everything they do, it is not because they are stupid, it is because they take away the power of people to do these tasks themselves and turn it into a beauacratic mess.  The government even tries to interfere with free trade, by making free trade pacts, like NAFTA.  Since when does the government decide who our trading partners are?  I am certain this is not what the founding fathers had as an idea of government.  Can we go back to the government of 1776 or before?  The government is going in reverse while everything else is moving ahead.

Sun, 12/16/2012 - 10:33 | 3068424 rsnoble
rsnoble's picture

Don't blame the people getting entitlements, blame the moron politicians for using them to get hired.

Just like giving a dog canned dog food until it reaches old age then suddenly switching to dry the bad dog doesn't understand. Is it the dog's fault? No, it's the collapse of society that has decimated your income but he'll never understand that.

LOL, maybe not the greatest example i've been on a dog rant this am.

Sun, 12/16/2012 - 10:42 | 3068436 Fishthatlived
Fishthatlived's picture

"The cynical would argue that the goal is not to spur economic growth and job creation but instead is intended to formant economic collapse..."

Formant? Does he mean "foment?"

 

Sun, 12/16/2012 - 11:27 | 3068501 max2205
max2205's picture

We are moving away from 1776 so fast you will need Hubble to see it in ten years

Sun, 12/16/2012 - 12:15 | 3068596 nowhereman
nowhereman's picture

And I listen to people here doing just that.

Sun, 12/16/2012 - 13:35 | 3068783 theblock
theblock's picture

everyone here is smoking chemtrails.  

Sun, 12/16/2012 - 13:38 | 3068793 rwe2late
rwe2late's picture

 It is a misleading oversimplification to present the problem as "politicians plundering the private sector".

Inasmuch the main flow of wealth is upward and over to FIRE sector,

it is not simply the case that the "private" sector is being "plundered".

The mostly bought politicians are surely helping facilitate the wealth transfer, but sectors of the private economy are also actively engaged in plundering,

both of public and private wealth.

 

Sun, 12/16/2012 - 14:20 | 3068866 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

I don't wish to be pedantic,but Margaret Thatcher actually said:

"The problem with socialism is that eventually you run out of other peoples money."

Sun, 12/16/2012 - 14:26 | 3068879 Waterfallsparkles
Waterfallsparkles's picture

What is interesting is how so many are making huge Money from the Government Largess toward the so called poor.

Jpm makes Millions managing the Independence Card for a percent of the food benefits.  Many Large and small Landlords benefit by getting higher Rents for Section 8 Tenants thru the Government. 

Think about all of the Jobs created to process filling for Food Stamps, Section 8, Welfare, Medicare, Disability, etc.  Maybe that is where all of the Obama Jobs are.

Think about the profit in Pay Day Loans the Banks recently got into.  Or the profit from Rent to Own programs.  Even Store Layaway programs.  What about the Pawn Brokers or Bail Bondsmen?

It appears to me that there is a lot of profit for many in keeping the Poor Poor.

Sun, 12/16/2012 - 21:07 | 3069749 nah
nah's picture

mass abortion protests

.

thats different

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