|Carry On Borking, Say Libs||The Great Recession is now the Great Restructuring|
by Christopher Chantrill
November 19, 2011 at 7:30 am
BRITISH conservative Charles Moore visited the Occupy chaps at St. Paul's Cathedral in London and came away a bit bemused.
The protesters seem to imagine that, without their tented witness to the wickedness of the rich, no one would have noticed that capitalism is in its biggest crisis since the early 1930s. Abolish wealth, cried one of their posters. Don't the angry campers realise that the West's bankers and politicians are managing it nicely without needing any extra help?
Good point, Charlie. There's nobody to equal a politician or a bailed-out banker when it comes to managing the destruction of wealth. Let's just hope they don't abolish the wealth that produces iPhones and the artificial fibers used in modern outdoor tenting.
But I take exception to the notion that capitalism is in its biggest crisis since the early 1930s. Really, I thought that conservatives, at least, understood that capitalism's notorious crises almost always issue from a crisis of government.
Don't like the failed banks of the Crash of 2008? You can't understand them without the government-sponsored mortgages made to bad credit risks. Don't like the failing euro-banks of 2011? You can't understand them unless you remember that the banks are required to eat government debt for breakfast. Didn't like the Great Depression? You can't understand it without understanding government's insistence on calling all the big plays from the Fed's failure to act as lender of last resort to the Smoot Hawley tariff increases to wage-price controls in the National Industrial Recovery Act of 1933.
If you want to understand the current economic crisis, try this. Every politician, from the Obamis to the subsidy whores to the amateur Occupy naifs is trying to game the capitalist system--to get it to shovel loot into the laps of his supporters.
The chaps at St. Paul's have a banner that reads Capitalism is Crisis. No doubt they imagine that the banner speaks truth to power in a startling and original way never before achieved. If they had spent a year or two in the real world instead of a lifetime at the local liberal seminary learning how many community organizers can dance on the head of a pin, they would know that capitalism is the answer to crisis. Capitalism answered the crisis of $3 per day survival with today's $100 per day prosperity.
Capitalism is the system of bringing dreamers down to earth. The capitalist asks the practical question: Will it pay? Back in the 19th century lefties like William Morris thought that this capitalist interrogatory proved the low and mean mentality of the average practical man. But now that we have experienced a century or so of the impractical dreams of lefties and their bloody systems of enforcing heaven on earth, the average person longs for a practical man. Back in the day, Diogenes searched the Greek world looking for an honest man. Really? How about a sensible, practical man that can invent horizontal drilling and fracking?
When Peter Schiff went down to Obamaville to dialog with the Occupiers, his interlocutor was dumbfounded that anyone could find the EPA, the FDA or the board of education a problem. But think about it. A society that cares about the environment, safe drugs, or education will find a way to make it happen--with or without government bureaucracy. It is the moral impulse that matters, not the government program. The Occupier's faith in government programs is a fetish.
The Occupier 1% should worry about the impression their 99% is making. In the good old days the community organizers were careful to keep their rank and file chanting slogans and away from the media. But the internet age has obsoleted great chunks of left-wing tactics; now anyone can go down to the Camp of the left and get rank-and-file wisdom on a smartphone. Perhaps the curriculum commissars at the Midwest Academy should take note that it's time to update Community Organizing 101. Keep those young skulls full of mush away from the Flip ultraHD.
The Occupiers' great gift to America is the chance to push back on their message, and Rep. Paul Ryan's (R-WI) speech on Saving the American Idea at the Heritage Foundation on October 26, 2011 does just that.
The American Idea is not tried in times of prosperity. Instead it is tested when times are tough: when the pie is shrinking, when businesses are closing, and when workers are losing their jobs... That's when the temptation to exploit fear and envy returns – when many in Washington use the politics of division to evade responsibility for their failures and advance their own narrow political interests.
When the times are tough, the tough leaders get going to remind us that a crisis of capitalism is really a crisis of bad government and bad politicians.
Buy his Road to the Middle Class.
[W]hen I asked a liberal longtime editor I know with a mainstream [publishing] house for a candid, shorthand version of the assumptions she and her colleagues make about conservatives, she didn't hesitate. Racist, sexist, homophobic, anti-choice fascists, she offered, smiling but meaning it.
Harry Stein, I Can't Believe I'm Sitting Next to a Republican
Families helped each other putting up homes and barns. Together, they built churches, schools, and common civic buildings. They collaborated to build roads and bridges. They took pride in being free persons, independent, and self-reliant; but the texture of their lives was cooperative and fraternal.
Michael Novak, The Spirit of Democratic Capitalism
[To make] of each individual member of the army a soldier who, in character, capability, and knowledge, is self-reliant, self-confident, dedicated, and joyful in taking responsibility [verantwortungsfreudig] as a man and a soldier. — Gen. Hans von Seeckt
MacGregor Knox, Williamson Murray, ed., The dynamics of military revolution, 1300-2050
For [the left] there is only the state and the individual, nothing in between. No family to rely on, no friend to depend on, no community to call on. No neighbourhood to grow in, no faith to share in, no charities to work in. No-one but the Minister, nowhere but Whitehall, no such thing as society - just them, and their laws, and their rules, and their arrogance.
David Cameron, Conference Speech 2008
Imagining that all order is the result of design, socialists
conclude that order must be improvable by better design of some superior mind.
F.A. Hayek, The Fatal Conceit
[Every] sacrifice is an act of impurity that pays for a prior act of greater impurity... without its participants having to suffer the full consequences incurred by its predecessor. The punishment is commuted in a process that strangely combines and finesses the deep contradiction between justice and mercy.
Frederick Turner, Beauty: The Value of Values
[The Axial Age] highlights the conception of a responsible self... [that] promise[s] man for the first time that he can understand the fundamental structure of reality and through salvation participate actively in it.
Robert N Bellah, "Religious Evolution", American Sociological Review, Vol. 29, No. 3.
But the only religions that have survived are those which support property and the family.
Thus the outlook for communism, which is both anti-property and anti-family, (and also anti-religion), is not promising.
F.A. Hayek, The Fatal Conceit
[T]he way to achieve a system of determining admission to the public schools on a nonracial basis,
Brown II, 349 U. S., at 300–301, is to stop assigning students on a racial basis. The way to stop
discrimination on the basis of race is to stop discriminating on the basis of race.
Roberts, C.J., Parents Involved in Community Schools vs. Seattle School District
A writer who says that there are no truths, or that all truth is merely relative, is asking you not to believe him. So dont.
Roger Scruton, Modern Philosophy
Paul Dirac: When I was talking with Lemaître about [the expanding universe] and feeling stimulated
by the grandeur of the picture that he has given us, I told him that
I thought cosmology was the branch of science that lies closest to religion.
However [Georges] Lemaître [Catholic priest, physicist, and
inventor of the Big Bang Theory] did not agree with me. After thinking it over he
suggested psychology as lying closest to religion.
John Farrell, The Creation Myth
Within Pentecostalism the injurious hierarchies of the wider world are abrogated and replaced by a single hierarchy of faith, grace, and the empowerments of the spirit... where groups gather on rafts to take them through the turbulence of the great journey from extensive rural networks to the mega-city and the nuclear family...
David Martin, On Secularization