Friday, June 12, 2009

The Death Of Liberty

Historians of the future will point to the year 2008 as the year America's world leadership began to fade away. It is the year the country's traditions of freedom and economic prosperity generated from private enterprise, individual rights, equal opportunity and impartial justice started to erode. It would take a number of years for the evidence of decline to become obvious to all, but eventually even the diehard believers of utopian promises could not deny that their personal liberties and standard of living were being confiscated by the newly empowered oligarchs whose promises they believed.

The spark of the flame in 2008 was the "historic" election of the Democratic Party and its most ideologically socialist radicals to total control of the government. It certainly was historic, but not in the way most of the believers imagined. As soon as these autocrats took over in January, 2009, they began to take control of the economy, starting with the financial and automotive industries and eventually moving on to health care and energy. American citizens began to lose their free choice in the lifestyles they wished to pursue and the goods and services they wished to purchase. Government began to direct nearly every aspect of citizens lives, mandated through both edict and oppressive tax rules.

The American economy in 2008 was in recession. That made it easy for the radical left-wing politicians to take advantage of voters apprehension and make promises that could not possibly be kept, because promises of economic recovery and a return to stability were what the voters wanted to hear. Most did not seem to know or care that recessions have always been a normal consequence of economic development and occur from time to time on a regular cyclical basis, each time recovering without any drastic government measures and moving on to even greater heights of prosperity.

In a society of free choice and an economic system of dynamic change and progress, some companies and industries always go out of business if their products become obsolete or they cannot remain competitive with their rivals. Bankruptcy laws have been on the books for generations to deal with either corporate restructurings or dissolutions. Government intervention in the process cannot work, because all a rescue or subsidized support of a moribund, unproductive organization does is attempt to sustain the unsustainable and defeat the progress engendered by the process of creative destruction.

But this time, once elected, the extremists in charge began to dismantle, ignore and overturn the fundamental principle's underlying the traditional capitalist economic system. They took over major companies, fired their executives, decided what products they could and could not produce and sell, and firmly entrenched themselves in every aspect of private businesses. They directed the policies of the Federal Reserve System, the supposedly quasi-independent central bank of the United States, and forced them to undertake unprecedented money creating policies that were hyper-inflationary. They increased federal spending to such outrageous levels that all Americans for generations to come would be required to live a much more modest lifestyle than their predecessors in order to service the massive resulting debt. And the retirement and health benefits that were promised to them were simply not affordable.

American citizens themselves were responsible for all this. With the assistance of the major media organizations, the public believed the snake oil promises fed them by a rhetorically skilled, relatively unknown politician with a minimal but definitely socialist track record, and no experience managing anything but political campaigns. They believed the outrageous accusations and character assassination tactics of congressional democrats against their opponents, even though it was readily apparent the congressional democrats themselves were the primary contributors to the economic implosion due to their support and promotion of imprudent real estate lending policies. The campaign of deceit worked, the radical socialists gained total control of government and immediately began implementing their overhaul of the American economic and social systems.

There is little question that the United States, through the economic growth engine of capitalism, had achieved a remarkably high standard of living as a country but at the same time suffered a disparity of wealth and income among its citizens that needed to be addressed. In a society of abundance there was no legitimate reason for those at the bottom to be left out. If future economic growth had to be marginally sacrificed through higher taxes on the wealthy in order to provide support for the disadvantaged, underprivileged and disabled, then a society of advanced affluence could certainly afford it.

But in order to actually provide assistance to the unfortunate, the money needed to be spent wisely, not thrown away to some favored interest group, politically correct crusade, or government programs that didn't produce results. And it should never have been used to interfere in private enterprise. Unfortunately, the newly empowered oligarchs were more interested in consolidating their power than helping the people. They autocratically seized the power to abrogate contracts, set financial industry lending policies, reward their benefactors at the expense of the public, and unilaterally determine such formerly free choice basics as how much money people could make, what car they could drive, what energy sources they could use, and on and on.

With little to no opposition, a cabal of the president and a few of the most powerful congressional leaders gained control of American industry and decided how taxpayer dollars could be confiscated and redistributed. Instead of free markets, private enterprise and equal opportunity, America gradually deteriorated to a system that depended on favoritism, central government allocation of resources, and, inevitably, even more graft and corruption. Instead of the market determining who won and who lost, the president, legislators and bureaucrats in Washington did.

American business under government run industrial policy degenerated into bribe paying supplicants vying to be rewarded with contracts to supply public goods and services as determined by the overlords in the political bureaucracy. As socialism gained its stranglehold, industrial production and productivity experienced a downward tailspin that ended in complete government control of society and the economy. The predictable result was that the folks on the bottom of the economic ladder did not advance, those in the middle and most of those on the top gradually fell to the bottom, and all that was left at the pinnacle were the well-connected, priviliged elite who dictated how American citizens were to live their lives. In the end, the pyramid of living standards collapsed on its sides into a narrow middle finger pointed directly at the American public.

1 comment:

Jon Jefferies said...

Once again Slugzilla nails it! A fine article. Our work is definitely cut out for the elections in 2010, if it's not too late by then.