Contributors

Thursday, November 25, 2010

Giving Thanks

If you are conservative, libertarian, or just plain lean right, happy days are indeed here. Corporations run the world, the government has essentially been neutered in a variety of ways, and our culture is made up of people who think only of themselves...going into anaphylactic shock at the mere mention people working together for the common good. Add in howls of derision at anyone who dare question another's self interest and the age of the rugged individualist (see: Randian adolescent power fantasy) is here.

This, of course, is reality. But in the world of the conservative blogsphere, we are all on a Road To Serfdom.

The Road to Serfdom was book written in the early 1940s by Friedrich von Hayek in which he warned of the coming tyranny of government controlled and centrally planned economies. His ideas have been co-opted today by many on the right in the vain (and sad) attempt to add intellectual shine to a fervent ideology. It's quite pathetic, really, considering how out of date Hayek's ideas are giving our current global and economic framework.

Honestly, his theories were never all that sound to begin with when you consider the clear results of unfettered markets. We've seen it a lot in the last 30 years and we really aren't that far off from Polanyi's chief criticism of Hayek: It's actually Serfdom's ideas that will lead to fascism. In the case of our country, it's the corporate bend of this ideology with a small group of people controlling both our nation's wealth and the government.

Interestingly, the recently defrocked (for not being a pure conservative...whatever that means), David Frum agrees with me. He wrote a column a while back entitled "We're not on a road to serfdom." and I have to say, it's brilliant.

The story of the past 50 years has been that the American economy has become freer and more dynamic.

Think back to 1960. The federal government regulated the price of every airfare. It regulated every rail, truck and shipping route. It regulated the price of natural gas. It regulated stockbrokers' commissions. It regulated the interest rates that could be paid on checking accounts. It told most farmers how much they could grow of what commodity. It regulated what kind of political and religious comment could be expressed on the airwaves. And of course it conscripted millions of young men beginning their careers into the armed forces.

All of that is gone, gone, gone.

It sure is gone and that's why we have all the problems we have today. Of course, Frum would never admit this but that's the narrow tunnel of his ideology entrapping him.

Yet conservatives sell our own accomplishments and principles short when they represent them as so fragile. The fact is: our win-loss ratio is actually pretty good. Free-market ideas have rescued states in much worse trouble than post-Obama America: Mao's China to name one outstanding example.

Of course they do because there always has to be an enemy. Time is always running out and they's always comin' to gin us!

One would think they would be thankful today, on this day of giving thanks, with the current state of affairs...CEOs making ridiculous amounts of money...Wall Street continuing to be up to its old tricks....Warren Buffet being taxed at a rate of half of his secretary...and the wealthiest 1 percent of our nation holding over a third of its wealth...the next four percent making it nearly two thirds. It's just the way they like it, right?

Wrong. They want more.

So who are the fascists again?


8 comments:

juris imprudent said...

going into anaphylactic shock at the mere mention people working together for the common good

And yet you so approvingly quoted Adam Smith - the man who laid the foundation for ALL THAT YOU HATE. Smith said you achieve the common good by allowing individuals to pursue their own self interest. That is anathema to a holy collectivist! Common good can only come from compelling people to believe and then act correctly.

Once again, M inverts logic to get to "govt good, business bad". It is the only moral stance he seems capable of - never considering that either govt or business are both capable of being good or evil. Sometimes simultaneously.

Please enjoy your govt supplied turkey. You do have a govt supplied turkey don't you?

GuardDuck said...

Wait a minute Mark,

So Frum 'agrees' with you and you quote him thus "Free-market ideas have rescued states in much worse trouble than post-Obama America". You quote this in the middle of a screed against the free market posted on your blog that rails against the free market constantly.

Yet you then mockingly say "Of course they do because there always has to be an enemy."

Wait, what? Seriously Mark. When you and your cohorts here post constantly against free market ideals it's not some imaginary "they's always comin' to gin us!" You really are coming.

Damn Teabaggers said...

Thank you for choosing to display your bitterness on Thanksgiving Day.

I really mean that. It's important to remember that perfection is an illusion, I needed that reminder.

Happy Gluttony Celebration, Mark.

Haplo9 said...

You know what they say - scratch a lefty, and you'll find an authoritarian underneath. If only people as moral as Mark had unfettered power to control things as they saw fit - boy, the world would be a better place, wouldn't it?

juris imprudent said...

GD I was wondering myself what was so "brilliant" about Frum's column - from M's perspective.

Oh, and do I need to remind everyone that NOTHING prevents Buffett from paying MORE than his assessed taxes (if he really feels he needs to be paying more). Anyone ever ask he if actually DOES that?

Mark Ward said...

Actually, that's not true, juris. Somewhere in unreality, that little lie got started and now many people actually believe it. According to my wife (an accountant), the IRS will refund any money he overpays. They also don't take donations. More on Buffet in a future post...

What's brilliant about Frum's post is that he's the only happy conservative out there. And he should be given how many right wing goals have been met. I agree with him. The evidence clearly demonstrates the effects of deregulation.

juris imprudent said...

According to my wife (an accountant), the IRS will refund any money he overpays.

Of course you provide no link for this, and since I have good reason to doubt your veracity regarding your granny, my skepticism here is understandable. At the very least, you have the option of applying your current overpayment to next year taxes. You could just keep rolling your overpayment forward indefinitely - the IRS will not force you to take it back.

Also anyone can make a contribution to help retire the national debt. Now technically that isn't more in taxes. Though it is also true that reducing the debt would reduce the budget deficit since there would be less interest expense (allowing spending on other things given the same budget).

It is also true that Buffett's philanthropy saves him taxes. He doesn't have to use those deductions, but I'll bet he does (otherwise there is no way he could bring his effective tax rate down below his secretary). Of course none of his investment income is subject to SS - which his secretary must pay into. I very seriously doubt that Buffett uses the 1040EZ (no deductions).

The evidence clearly demonstrates the effects of deregulation.

You keep waving that around - did you not read the link I posted about the Irish bailout? How is it that the domain of perfect regulation [the EU] had the same failure to manage CDS's in their derivatives markets? And now the same kind of market players THERE want to be bailed out from their own stupidity.

Civil War Re-enactors said...

It's hilariously ironic to see you pining for the days of MK Ultra, Joe McCarthy and the Shah of Iran.