How Far We Have Fallen

Two articles worth your time....

The first comes from Kevin at The Smallest Minority, linking to a piece in The Objective Standard:

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McBama vs. America
Craig Biddle

As the 2008 presidential election nears, and while John McCain and Barack Obama struggle to distinguish themselves from each other in terms of particular promises and goals, it is instructive to observe that these candidates are indistinguishable in terms of fundamentals.

On the domestic front, McCain promises to “take on” the drug companies, as if those who produce and market the medicines that improve and save human lives must be fought; he promises to ration energy by means of a cap-and-trade scheme, as if the government has a moral or constitutional right to dictate how much energy a company may purchase or use; he promises to “battle” big oil, as if those who produce and deliver the lifeblood of civilization need to be defeated; he promises to “reform” Wall Street, as if those who finance the businesses that produce the goods and services on which our lives depend are thereby degenerate; he seeks to uphold the ban on drilling in ANWR, as if the government has a moral or constitutional right to prevent Americans from reshaping nature to suit their needs; and so on.

Obama promises to socialize health care (under the tired euphemism of “universal health care”), as if insurance companies, doctors, and patients have no right to use or dispose of their property or to contract with one another according to their own judgment; he promises to increase the minimum wage, as if employers and employees lack those same rights; he promises to pour taxpayer money into “alternative energy,” as if the government has a moral or constitutional right to confiscate money from productive citizens in order to subsidize tilting windmills; he promises to force oil companies to fund government handouts to Americans, as if the owners of oil companies have no right to their property or profits; he promises to bail out homeowners who cannot pay their mortgages, as if the government has a moral or constitutional right to make some people pay for the financial mistakes or hardships of others; he promises to “incentivize” students to do “community service” by offering them taxpayer-funded college tuition, as if the government has a moral or constitutional right to do so; and so on.

In regard to foreign policy, McCain promises to “respect the collective will of our democratic allies,” as if America has no moral right to defend her citizens according to her own best judgment; and he promises to finish the “mission” of making Iraq “a functioning democracy” even if it takes “one hundred years,” as if the U.S. government has a moral or constitutional right to sacrifice American soldiers to spread democracy abroad.1

Obama promises to uphold the idea that “America’s larger purpose in the world is to promote the spread of freedom. . . . dignity, and opportunity,” as if we have a moral responsibility to minister to the uncivilized and the unfortunate across the globe; and he promises to negotiate with jihadists who chant “Death to America,” as if Americans will be safe from these lunatics when the lunatics give Obama their word.

Looking past the particular programs of McCain and Obama, and viewing their goals in terms of the purpose of government presumed by these goals, we can see that both candidates hold that the purpose of government is to manage the economy, to regulate businesses, to redistribute wealth, to bring freedom or democracy to foreigners, and to defer to the will of others on matters of American security.

But this is not the proper purpose of government. Nor is it the purpose that America’s founders had in mind when they formed this great country...
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Please read the whole thing.

Next, linked on Tuesday by Billy Beck, is this terrific explication of why there are more and more government entity collapses in our future:

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The failure of Fannie Mae and Freddie Mac, setting in motion the biggest government bailout/takeover in U.S. history, brings a grim sense of fulfillment to competent economists. After all, what did people expect, that water would flow uphill forever?

This financial mega-mess is the same sort of event as the collapse of the USSR’s centrally planned economy, another economically unworkable Rube Goldberg apparatus that was kept going, more or less badly, for decades before it fell apart completely. Along the way, of course, famous (yet actually unsound) economists assured the world that everything was working out splendidly. As late as 1989, when the pillars were crumbling on all sides of the temple, Nobel Prize winner Paul A. Samuelson informed readers of his widely used textbook, “The Soviet economy is proof that . . . a socialist command economy can function and even thrive.”

In the future, we will see a similar breakdown of the U.S. government’s Social Security system, with its ill-fated pension system and its even more inauspicious Medicare system of financing health care for the elderly. These government schemes are fighting a losing battle against demographic realities, the laws of economics, and the rules of arithmetic. The question is not whether they will fail, but when—and then how the government that can no longer sustain them in their previous Ponzi-scheme form will alter them to salvage what little can be salvaged with minimal damage to the government itself.

Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred, and another apartment collapses in the state’s Hotel of Impossible Promises, loading onto the taxpayers more visibly the burden of sheltering the previous occupants.

Each of these time bombs has at least one element in common: it promises current benefits, often seemingly without cost; but if it must acknowledge a substantial cost, it places that burden somewhere in the distant future, where it will be borne by somebody else. From the standpoint of society in general, every such scheme is a species of eating the seed corn. It satisfies the public’s appetite to consume something for nothing right now, with no thought for the morrow. It represents the height of irresponsibility by permitting people to live higher today than they can truly afford, financing this profligacy by borrowing recklessly and by taxing politically weak and ill-organized people in order to shower benefits on politically strong and well-organized special interests.

Call it democracy in action or utterly corrupt governance; they are the same thing...
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How to fix things?

To start, says Billy, we need to look to our premises:

What you're seeing out there, ladies & gentlemen, are the consequences of socialist premises to the degree that they have been applied to the matter of capital allocation in this country. And as I survey commentary on the scene, it is surpassingly rare to find anyone who understands that what is necessary now is complete separation of economics and state -- just as in the vaunted aspect of church and state -- and for all the same reasons.

Any bets on the Herd choosing Continued Endarkenment for $500, Alex?

Tempus fugit.