Tag Archives: capitalism

THE WORD “AUSTERITY” IS PROPAGANDIC

Many words are chosen and brought into common use to further an agenda.  Our favorite example is “Capitalism”, a term that implies a system based on money, a system based on wealth.  Thus a system which is based on the freedom of everyman to exchange goods and services with his neighbor has become known by a name that implies something quite different.  The word “Capitalism” comes with an agenda.  Words that come with an agenda are propagandic.  Most people would look unfavorably on a system built around wealth but who could be against a system built on ‘pleasant companionship with friends or associates’?  There was a reason Karl Marx chose to identify the two systems as Capitalism and Socialism rather than as Free Markets and Government Controlled.

Now we look at “austerity.”  Say what you will about European Socialism, it does provide a comfortable life style.  Savor six week vacations, short working hours, retirement at age 55 on a government guaranteed income sufficient to live in modest comfort.  Some would argue that you give up many individual freedoms in exchange for that.  However, I ask how can you give up something you never had?

Merriam-Webster defines austerity as “stern and cold in appearance or manner, giving little or no scope for pleasure.”  That is not at all what advocates of “austerity” in Europe are calling for.  What they want is a responsible government that does not spend what it doesn’t have.  Yet they allow themselves to be known by a word that would identify them as seeking an uncaring government that leaves little or no scope for pleasure.  Thus applied, the word austerity is propagandic.

The irony of propagandic is the acceptance and use of words by the targets against whom the term was coined.  Even Milton Friedman called the Free Market system Capitalism.

 

SNIPPETS FROM ELSEWHERE

Closing words at the end of the second presidential debate:

I believe that the free enterprise system is the greatest engine of prosperity the world’s ever known. I believe in self-reliance and individual initiative and risk takers being rewarded.   President Barack Obama

Real Clear Politics reaction:

I have no doubt that Obama believes he believes in free enterprise — except in the case of health care policy, the auto industry, the housing market, education, banking, job creation, manufacturing, green energy and so on and so forth.

If you believed the free enterprise system is the mechanism of great prosperity, your crowning achievement might not be legislation that constricts competition in health care, layers it generously with regulations, institutes effective price controls, coerces participation and sets up a government board to mete out advice on rationing.

Put it this way: Folks who admire free enterprise seldom spend two months bashing private equity to kick off a re-election campaign for president.

About bailouts, by Steven Haywood:

Milton Friedman liked to say, the capitalist system is a profit and loss system.  The losses are just as important as the profits because they discipline ongoing resource allocation.  Bailing out losing firms assures us of mediocre economic growth.  Haywood [edited]

When losses are made, under the present system these losses are borne by the individuals who sustained them and took the risk and judged things wrongly, whereas under State management all losses are quartered upon the taxpayers and the community as a whole.  The elimination of the profit motive and of self-interest as a practical guide in the myriad transactions of daily life will restrict, paralyze and destroy British ingenuity, thrift, contrivance and good housekeeping at every stage in our life and production, and will reduce all our industries from a profit-making to a loss-making process.  Winston Churchill 1947

If Obama is re-elected,
He will fundamentally transform America from a society that strives to eliminate class to a society of four classes: wealthy elites, government and union bureaucrats, the growing dependent poor, and a shrinking pool of working gainfully employed taxpayers supporting everyone else.

KRUGMAN ARGUES THAT GREECE AND SPAIN ARE VICTIMS

Paul Krugman, ever the liberal, is less vituperative than usual in today’s column in the New York Times.  It is entitled Europe’s Austerity Madness and is well worth reading.  Not for the column’s correctness but for its clarity.  He outlines with rare accuracy the predominant views of the cause of Europe’s financial woes and the solution for them.

First we must note that what passes for the Right in most of Europe would be called Liberal in the U.S.  This places Krugman’s argument more in the Socialist camp than Liberal.  He says of the European Right,

Talk to German officials and they will portray the euro crisis as a morality play, a tale of countries that lived high and now face the inevitable reckoning.

And fear of a backlash from voters who believe, wrongly, that they’re being put on the hook for the consequences of southern European irresponsibility leaves German politicians unwilling to approve essential emergency lending to Spain and other troubled nations unless the borrowers are punished first.

Despite the insertion of the word “wrongly”, Krugman has done a good job of stating the argument coming from Europe’s Right.  One other fault to find, it’s not punishment that’s sought; it’s bearing the consequences of one’s own decisions.  If you choose to live beyond your means don’t ask someone else to pay for it.

In Krugman’s view,

More austerity serves no useful purpose; the truly irrational players here are the allegedly serious politicians and officials demanding ever more pain.

Consider Spain’s woes. What is the real economic problem? Basically, Spain is suffering the hangover from a huge housing bubble, which caused both an economic boom and a period of inflation that left Spanish industry uncompetitive with the rest of Europe.

Spending was not the problem and austerity is not the solution.  Greece and Spain are victims of a housing boom and collapse that occurred in the private sector.  The fault is with other nations in the Eurozone that are failing in their moral obligation to redistribute some of their relative wealth to where it is needed.  Inferred in that view is the notion that the greed of capitalism was the source of the problem and socialism is the solution.  Get the cause wrong and so it will be with the solution.

OBAMA IS RIGHT ABOUT THAT!

At a campaign stop in Cincinnati Obama paused in the lobby of the Music Hall to say a few words to the waiting crowd. He told them “This is going to be an even more important election than 2008 because we’re going to be talking about two fundamentally different visions for the country.” He could not be more correct.

However, he doesn’t spell out exactly what his vision is. In 2008 the mantra was Hope and Change. Hope for what? Change to from what to what? Barack Obama was speaking to two audiences with the same words. One audience heard more openness in government, better education, tax reform, more accomplishment and less politicking in Washington. These were people who believe in America, wanted to improve it and voted for him.

The very same slogan of Hope and Change spoke to the other audience as a promise for total transformation of America as we know it. This message is the one heard by people like Michelle who can find nothing in America’s past or present to proud of, but who see only a country that enriched itself on slavery and continues to be an oppressor to this day. The free market system that Marx called capitalism is the problem; socialism is the answer; total transformation from one to the other is the promise of hope and change.

The latter is Obama’s true message but only a small group knew it in 2008. People like Saul Alinsky’s son, Bill Ayers, Jeremiah Wright and the denizens of community organizing were aware of the goal. Four years later Barack Obama still remains an enigma to many. He defines his vision for America simply as “Forward”. Forward to where? Forward to what? He doesn’t say. Progressives know. Do you?

You should, because you will be voting for one of two fundamentally different visions for the country.

CAPITALISM CAUSES RAIN

Venezuela has been hit by heavy rains. Deaths are reported at 32 with 70,000 left homeless. Socialist President Hugo Chavez holds “criminal capitalists” responsible for the disaster. God, Satan and mother nature get off scot-free. Preposterous, isn’t it! Nobody could believe it, could they? Nobody believes in flying saucers either, do they! Or… do they?

Here in the United States the citizenry are better informed. Blaming thunderstorms on “totalitarian socialists” wouldn’t fly. A few of us up here in North America may say it was God or Satan acting up, but most will simply say it was “just mother nature.” Now, we all know mother nature is organic and organic is “in”. It would be doubly incorrect to hold
such a lady responsible for the misery caused. So let’s blame the President. After all, someone has to be to blame. Accidents don’t just happen.

RUSSIANS KNOW THE FOREST, AMERICANS CAN’T EVEN SEE THE TREES

"HA'PNY"

British half cent (half penny) coin

The other day, my wife and I were leaving a restaurant in a tourist town. As we stepped out the door, a couple was standing on the sidewalk looking at the menu in the window. They asked us what we thought of the food and service. We had just dined there, we should know. Hold that thought.

Pravda became internationally known as the propaganda organ of the Soviet Union. Gorbachev’s Glasnost gave them an independent, if not totally free, voice. Today’s Pravda is largely free to express the thoughts and minds of the Russian people.

There is a certain form of government we call Communism. The Russians call it Marxism; academics call it Central Planning or Collectivism; the Tea Party calls it Socialism; author Mark Levin, in Liberty and Tyranny calls it Statism. There is not a ha’pny’s difference between them. The Russian people know this form of government very well. They have been dining there for years. Here is what Pravda had to say three months after the inauguration of Barack Hussein Obama.

American capitalism gone with a whimper
PRAVDA 27.04.2009

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath-taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters. First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather than the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger than for their constitutional rights.

Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Weimar Republic and at worst Zimbabwe.

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress.

Then came Barack Obama’s command that GM’s (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of “pure” free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.

Prime Minister Putin, less then two months ago, warned Obama and UK’s Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our “wise” Anglo-Saxon fools find out the folly of their own pride.
Again, the American public has taken this with barely a whimper…

So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set “fair” maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.

The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.          Stanislav Mishin

I know, the author is disdainful, crude and given to overstatement. Even Barney Frank deserves a little more respect. But how is it so many in our land lack the vision to see where we are headed when someone 5000 miles away sees it so clearly? Somehow, I think, Stanislav Mishkin is equally perplexed.

The answer, of course, is that they have already been where we are just now going.

Bob B

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