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Why We Need Capitalists February 20, 2014

Posted by Dr. Robert Owens in Politics, Politiocal Philosophy.
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1 comment so far

At one time in America most people were financially independent.  I don’t mean by this that most people were wealthy.  What I mean is that they worked for themselves as opposed to working for someone else as a hired laborer.  People were farmers, or craftsmen, trappers, or frontiersmen.  Thomas Jefferson pictured America as a republic based upon the yeoman farmer.

That day has passed.  Today most people who work are employed by someone and draw a wage. As a matter of fact in America today it is not overstating the matter to say that of those who earn their own living the vast majority are exclusively wage earners.

Combine this with the reality of our modern infatuation with democracy and it is no wonder that the majority of voters continue to elect people who are pro-worker and anti-free enterprise.  This is aptly reflected in our labor laws and the radicalized National Labor Relations Board.  It is also reflected in the progressive income tax, the fact that corporate income is taxed twice, once as income to the corporation and secondly as income when the same money is distributed to shareholders.  It is further manifested in the bewildering array of regulations that spew forth from Washington strangling business in red tape.

The masses of wage earners have fallen prey to the siren songs of demagogues.  These pied pipers point to the visible difference between the rewards earned by those who risk their capital and their personal efforts to start and build an enterprise and those who earn wages to work for those enterprises.  These differences in reward are labeled as unfair.  It is either intimated or stated directly that those who start enterprises and build their bigger reward have done so by taking from those who earn a smaller reward by working for the enterprises they build.

We hear endlessly about a fair deal, a level playing field and building ladders to the middle class.  Government control is offered as a gateway to utopia where those who earn too much give to those who earn too little; from each according to their ability to each according to their need.  The Svengalis of redistribution seek to mesmerize people removed from anything except doing a proscribed task for an agreed upon amount.  They teach that free enterprise is the cause of the unfairness portrayed as America’s legacy.  Our state controlled schools drum the same message into our children until it become to them common sense.  The subservient media sing the same song in movies, on TV and in the news.

Building upon this multipronged barrage of propaganda the worship of democracy kicks in to warp our Republic.  When we combine those who succumb to the collectivist delusion among the wage earners with government workers and those who are living off the dole and we have a solid majority dedicated to restricting freedom to gain security.  A bargain our Founders warned us leads to having neither.

This is where we stand today.  The entrepreneur is looked down upon as a parasite on the economic life of the wage earners.  Entrepreneurs are portrayed in movies, on TV, and by our leaders as grasping schemers who care nothing for the environment or their fellow man, and the only reason they aren’t throwing grandma off the cliff is because someone is watching.  Try to remember the last time Outside of an Ayn Rand novel or movie that you saw capitalists portrayed as anything positive in America.  It is generally believed by the low information voters that the only way people get rich is to steal from the poor.

This is a trap; a trap that swallowed Russia and held it captive for generations, and a trap that impoverished Eastern Europe and turned China into one big internment camp.  Those who spent most of the 20th century sitting in the dirt eating leaves as a result of their campaign against free enterprise have broken their chains and are today the Tigers of East Asia and the power houses made of BRIC.

Entrepreneurs are necessary.  They are the engine that makes the wheels of innovation turn.  They are the ones willing to take a risk.  They will turn away from the guaranteed wage and the benefits all our parents taught us were necessary for a good life.  They are the ones willing to take the chance and hazard their all for something others can’t see.  They are the ones who build the organizations for others to work within. Without them economies stagnate, suffocate, and die.

If the government were to take over every business in America and ensure that every wage earner could continue to earn their daily bread does anyone think this would be the America that we have known?  Does anyone believe it would be the America that grew from thirteen impoverished war weary states on the edge of civilization into the greatest power the world has ever known?  This has been tried before and everywhere it has ever been tried it has failed.  Don’t believe the political savants who tell us this time it will work.  The ones who say they will do it differently and whose every program proves they are doing it the same.

In Russia the government actually took ownership of everything, and then ran it all into the ground.  In Italy and Germany they tried it another way.  They allowed for private ownership but with strict government control.  Here in our American version we are following the Italian and German path with crony capitalism building fortunes on political access.  Our stock market does not move in response to innovation and enterprise it moves in tandem with government policies. The Too-Big-to-Fails make the cronies at the top wealthy as they plunder the assets, buy back the stock, and enrich their friends with options.  All while making sizable campaign donations along the way to those who make it all legal.  Then when the bubbles burst they get bailed out and the tax payers foot the bill.

If we are to survive let alone thrive we have got to open the way for the innovator.  We have got to once again encourage the risk taker, quit punishing success, and stop subsidizing failure.

To give a good day’s work for a day’s wage is an honorable thing. To be a faithful and responsible employee is something we can teach our children.  However without the new energy and markets created by innovative entrepreneurs the system will eventually stop growing.  When the pie stops growing everyone ends up fighting over the size of their piece.  When the pie stops growing and the population keeps growing everyone’s piece must get smaller, except of course for those who do the dividing.

Why do we need capitalists?  So that everyone else can have a job.

Dr. Owens teaches History, Political Science, and Religion.  He is the Historian of the Future @ http://drrobertowens.com © 2014 Contact Dr. Owens drrobertowens@hotmail.com  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens

 

Who Will Win the War Against Income Inequality? January 17, 2014

Posted by Dr. Robert Owens in Politics.
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From each according to their ability to each according to their need was the hollow promise of the Soviet Union.  It was long known to be merely the cover for a ruthless Communist Party that pretended to build a worker’s paradise while in fact enslaving a nation for its own gain.

Today this infamous lie has been resurrected in America as the war against income inequality.

The war on poverty has failed.  After decades of propaganda, trillions of dollars, and tens of thousands of regulations there is no less poverty in America than when LBJ sounded the charge of the contrite brigade. Of course it was a shell game all along.  The idea that you could take money out of one pocket and put it in another while dropping some along the way aptly describes the effort to tax the rich to alleviate poverty.  If all the money that has been expropriated to end poverty had been given directly to the poor we would have ended poverty.

However this isn’t what happened.  It was never what was intended to happen.  It will never happen because instead of a direct wealth transfer the loot is filtered through politicians, programs and bureaucrats who all siphon off enough to make sure the pennies that eventually dribble out of the welfare pipeline have little resemblance to the dollars that went in. They certainly don’t want to actually eliminate the poor since their campaign slogans and their jobs would evaporate with them.

Anyone who has ever stood hat-in-hand at a welfare office knows the scorn dished out with the meager fare always makes the meal a little less satisfying than imagined.  Jesus told us that “The poor will always be with you.”  Yet somehow the political savants who hold sway are always able to convince the low information voters that they will end poverty, or as we call it today, income inequality.

The only equality that is compatible with freedom is equality before the law.  By this I mean that whenever society, as expressed through government, makes rules they should apply to everyone the same.  In other words if a millionaire commits murder and a homeless person commits murder they should both stand before the same tribunal charged with the same crime.  Or if a tax is passed everyone should pay the same percentage.  We know that in the first case the difference between a dream team of lawyers and a public defender may mitigate the equality just as in the second case a progressive tax system will distort it.  However, this goal of equality before the law is the only one where actual equality is what is required to make it work.

All other types of equality, of income or opportunity or outcome require inequality.  If this sounds like circular thinking don’t be surprised; it is.

Since people are obviously not equal in talents, abilities, resources or nature the only way to make everyone start in the same place and end up in the same place is to treat them differently.  Some must be slowed down and some must be artificially pushed forward.  Some must get less than they earn so that some can get more.  This is the dirty little secret hidden behind the campaign slogan to end income inequality.  In reality it is just another way to describe income redistribution or as our president calls it, “Spread the wealth around.”

Those who make their living selling these illusions are supported by those who make their livings distributing the loot and by all those who think they will get something for nothing.   Unfortunately after generations of Progressive education, incremental socialism, and the sloth that is the bread by the bread and circus culture of the couch potato this may now be a majority of the votes counted.

Having sunk beneath the contempt of the Russian people and drown in the red capitalism of the Chinese it seems as if the infection of class envy co-joined to state power has emerged from the faculty lounge and fastened its death grip on America.  In the 2012 election the campaign slogan, “GM is alive and Bin Laden is dead” trumped a devastated economy to re-elect the inspiration of the IRS and the excuser of Benghazi.  If the war against income inequality proves the media enhanced key to return Nancy Pelosi to the Speakership and retain Harry Reid as the agenda setting leader of the Senate the Progressives will know they have two years to seal the deal.

We will still call it the United States of America.  We will still tell ourselves we are free, prosperous, and powerful however we may all be whistling in the wind.  Our politicians may win their war to end income inequality as they seek an American version of a worker’s paradise.  The comatose voters may even notice that things aren’t quite like they used to be, but then half-time will be over and that will be that.

Look at the results of the 2012 election.  GM is moving overseas after ripping off the American tax payers.  Al-Qaeda is marching to victory.  Think about the pledge that gained passage for Obamacare, “If you like you plan you can keep your plan.  Period.”  Reflect on this swindle and ask yourself how equal will anything be if we swallow the next big lie: ending income inequality.  Ask yourself who will win the war against income inequality.  The answer is those who distribute the loot will keep the lion’s share.

 

As an added bonus this war against income inequality as a campaign tool to fool the masses is leading us further into the unconstitutional waters our president has sailed for so long.  Brazenly saying, “We’re not just going to be waiting for legislation in order to make sure that we’re providing Americans the kind of help they need. I’ve got a pen and I’ve got a phone.”

The question here is, “Will anyone in the House have the courage to do something about it?”

Dr. Owens teaches History, Political Science, and Religion.  He is the Historian of the Future @ http://drrobertowens.com © 2014 Contact Dr. Owens drrobertowens@hotmail.com  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens

 

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