13/05/2010 05:21:00
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While it may appear that the Obama Administration hasembarked on a totally different course from otherAdministrations, the fact of the matter is that it is simply acontinuation of an agenda that has been operating in thiscountry, to one degree or another, not only for decades, but formuch, much longer.
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The seeds of the destructive nature of this presentgovernment's policies predate the ratification of the Constitution,but of late those seeds have began to bear fruit, a vile,degenerative fruit that places the future of this country, its peopleand their liberty in the utmost jeopardy. The eventual effects of this government’s policy will be chaotic in nature and affect everyaspect of our lives. As stated, this course is not a new one, butone that has been gradually implemented, whetherconscientiously intended or not, by a political mindset thatpromotes the consolidation of the powers of all government intothe hands of the political class.
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The ideology has morphed little since the time of Hamilton,the central theme is an all-powerful government, whetherMonarchist, Mercantilist, Consolidationist or Socialist in nature.The core of this ideology is that all power rests, not in the people,but in the government. The methods to achieve such aconsolidation of power have been varied, but primarily rest withinthe sphere of monetary economics where a political economy canbe produced and expanded to the point of complete governmentcontrol.
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While it is not a recent development, the ObamaAdministration has embarked on a very definite path towardcontrolling, either directly or indirectly, the means of productionin this country to an extent that has not been seen previously, assuch, the distortions which already exist due to past governmentintervention in the markets will become more exaggerated andnew distortions will be created. As the distortions increase so toodoes the chaos and as this happens those within thisgovernment, without a clear explanation of the causes orsolutions to the problems it creates, will simply continue on thesame chaotic path with even more vigor.
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Upon this path lay eventual price and wage controls, theyare inevitable. The entire system employed by this government,fueled through a total fiat currency, is built upon an ideology thatnot only ignores the principles of sound monetary economics, butalso must ignore such principles. Of course, one of the majorissues of such policies is that eventually they become not onlycumulative in nature, but also self-perpetuating. The necessity of further government intervention simply becomes unavoidable.
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A point is reached where the government has no alternativebut to gear-up its efforts to combat the effects of its own policies,one of the indicators that the government has lost control of theactual economic when it is forced to actually seize control of businesses, the means of production within various sectors of theeconomy, especially the financial sector. As stated before, this isnot a new path, but one that has gradually been enlarged to thepoint where we now find ourselves.
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While there are different definitions of Socialism, the fact isthat the common thread throughout all such definitions isincreasing necessity of government controls and what amounts tode facto ownership over the means of production and distributionof goods and services. It is the government’s ability to gain andthen exercise control over economic matters that increasinglycause markets to lack the ability to adequately calculateeconomic information in business decisions. This stealth form of Socialism is insidious for it gives the general appearance thatgovernment planning is necessary to maintain economic marketviability when just the opposite is true.
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When government policy encompasses the power to actuallydetermine the manner in which economic functions are expressedin the markets then the entire definition of ownership eventuallyfalls under government control since the government is able to,through legislative acts and non-legislative statutes, determinethe actual use of property, as well as the disposal of suchproperty. The economic movement of goods and services areincreasingly swayed by government policy and regulation, as suchthere is, in a very real sense, a transfer of ownership from theprivate sector to the public sector or government. While itappears that there is private ownership within the economy, inactuality that ownership is only nominal since it has beeneffectively transferred via such legislations and statues.Essentially, a nationalization of economic functions has graduallytaken place where government controls and mandates supercedethe ability of control over property rights traditionally thought of as being solely owned through the determination of actual title togoods and services by individuals or companies.
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Economic Kiss of Death: Obama Style
Government solutions have a tendency to become problems that require more government solutions, the cycle doesn't seem to end. The Obama Administration is taking the same path t...
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| Upload Date: | 05/12/2010 |
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