Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

For "a human being, the question 'to be or not to be,' is the question 'to think or not to think.'" Ayn Rand
Showing posts with label government power. Show all posts
Showing posts with label government power. Show all posts

23 February 2016

An 1840 Massachusetts Legislature Committee Prediction on a Government-Controlled Education System

In 1840, Horace Mann was pushing the state of Massachusetts to establish a government-run education system after the model of the state-run schools of Prussia and France.  A legislative committee upon evaluating this proposal made three predictions:
  • It would destroy America's republican principles.
  • It would be a tool to increase government power.
  • It would spread propaganda and diminish the influence of parents on their children.
All of these predictions have come true.  The committee appears to have failed to anticipate how broadly incompetent a government-controlled education system would be, however.

14 October 2008

Politicians: Greed Caused Financial Crash

Politicians are all clamoring mightily that greed caused the financial crash. They claim this greed was entirely that of Wall Street fat cats with multi-million dollar golden parachutes. They are right that greed had much to do with the crash. They are wrong to locate that greed primarily on financial company executives. The primary source of greed was Washington, state, and local politicians. The greed was primarily for power and secondarily for campaign contribution money and favors to keep them from messing with business. This greed circumvented the usual constraints that financial business executives have to keep them reality-oriented. This political greed forced businesses to take foolish risks to satisfy politicians who claimed they were guilty of racial discrimination if they did not loan enough money to people who did not have enough income to pay back the loans. This was the purpose of the Community Reinvestment Act given primarily to us by the Democrats.

Fanny Mae and Freddy Mac were set up as government-sponsored businesses to encourage risky home mortgage loans to people and package those in the form of securities that financial businesses and retirement funds would buy. The oversight of the Securities and Exchange Commission was minimized by Congress. Low interest rates set by the Federal Reserve further fed the madness. Local and state governments drove up the cost of housing with building restrictions often called growth management. People in managed growth places such as California where homes cost 8 times their average family incomes clamored for subprime mortgages and Congress saw that Fanny Mae and Freddy Mac provided them. Finally, when the financial companies found that they held mortgage loan-based securities with large subprime obligations and no one would pay anything like their purchase price for them at this time, they had to write their value down to almost nothing to be compliant with Congress' Sarbanes-Oxley accounting legislation. This further insured that no one could afford to buy these securities, even though only a fraction of the mortgages they are based on will not be repaid.

Some business executives went more overboard than others, thinking that the government policies would protect them from the consequences. Most of these executives have lost their jobs and most of the value of the company stock that was used to reward them for their work has vanished. But.....as usual, our politicians are unscathed and unrepentant for their dastardly roles. They have been able to use the crisis to grab even more power. The more they clamor, the more responsibility they generally have for the mess our economy has been put in. Look primarily to these polititicians, who are so good at distracting us from the real issues, for those most responsible for this catastrophy. Remember that many of these same rascals are backers of catastrophic global warming theories that will allow the government to take control of our use of energy, as well as our financial industries. Doubt their motives at all times! Throw these rascals out of office. Sweep the House and Senate clean.

Unfortunately, both of the major presidential candidates are busy spouting the nonsense that the crash was caused by the greed of Wall Street and of fat cat executives. They are among those trying to distract us from the real issues of governmental interference in the free market. When the market is free, businessmen act to make sound investments, not unsound investments. The scale of this financial crash is itself a great indicator that it was primarily government policies that fed the problem. This was clearly the case in socialist Europe as well.

We are now unreservedly the Socialist People's Republic of the United States! We must call a spade, a spade. Rational men will soon be retiring to Galt's Gulch as Atlas shrugs everywhere. The next president of the United States will either be a moderate socialist or he will be a very committed and very radical socialist. This socialist president will have a very socialist Congress to work with. The sovereign American individual will find nothing but disrespect and, increasingly, chains.

Alan Reynolds has written an interesting article on the plight of those businessmen who most followed Washington's lead and who most went overboard with risky loans and subprime-mortgage based securities.

24 June 2008

Brits Unconvinced Man Caused Global Warming

Ipsos MORI polled 1,039 adults in Great Britain and found that 6 out of 10 agreed that "many scientific experts still question if humans are contributing to climate change." Four out of ten agree that they "sometimes think climate change might not be as bad as people say." About 20% answered each question with a refusal to commit response. After years of much worse global warming propaganda in Great Britain even than we are subjected to here in the United States, the British public clearly has major doubts.

Many people did not want to place restrictions on their lifestyles. A small minority claimed to be willing to make significant and radical changes in their lifestyle, such as driving and flying less. More than half did not have confidence in international and British leaders to tackle climate change. Two-thirds want the government to do more, but nearly as many said they saw green taxes simply as 'stealth' taxes. The tax doubters are the perceptive ones.

The Global Warming Alarmists had hoped that the UN Intergovernmental Panel on Climate Change (IPCC) report last year would finally convince the Britons of the Global Warming Crisis. It is said that 2,500 scientists found a 90% chance that humans were the main cause of climate change and warned that drastic action was needed to cut greenhouse gases. Actually, many scientists making contributions to the scientific review portion of the report do not agree with the summary portion of the report written largely by politicians and a few hand-picked scientists. Many critical scientists dropped out of the UN working groups in protest over how their scientific work and assessments were used in previous reports. Some of the public have doubts due to seeing the documentary "The Great Global Warming Swindle" on TV and due to such books as that of Lord Lawson, a former Chancellor, who questions the consensus on climate change.

This is all very bad news for those in the UK government who aim to cut greenhouse emissions by 20% over the next 12 years. It is not looking as though the British people are on-board for such personal deprivation for such a dubious rationale.

The socialists have turned to environmentalism as a means to acquire power after their boast that they could provide everyone more worldly goods fell on its face and Capitalism emerged as the clear victor for providing people with more food, better clothing, better housing, better health care, more interesting jobs and entertainment, and a wider variety of personal choices. The only self-consistent collectivist environmentalist is one who wishes to return man to the status of the Noble Savage. For the moment, they are using scientists to provide a rationale for their grab for power. They are buying many of them with generous research money and a huge amount of media attention. As a result, many scientists are playing the Global Warming alarmist game with them. This is a close parallel to the old socialist technique of paying Capitalists for the rope that the socialist plans to use to hang the Capitalist with. When the public catches on that many scientists are leading them down a road of personal deprivation for reasons that are not sound, the public will lose its regard for science. The socialist environmentalists will have used the avarice and desire for attention of many scientists to totally discredit them and science itself.

Once the socialists have the power provided by the claim that they are saving the earth from the depredations of man, they will have no use for science and scientists. It will be enough to lead men suffused with superstition, teased by rumors, and fed and dreaming up conspiracies. Science will only cause problems in this quest to return man to the state of the Noble Savage as it approaches its goal. For now, bribed scientists are a tool to help the socialists to power. Later they are expendable. No, they are an impediment to be eliminated. These scientists have been only too willing to hand the socialists the rope to hang them with. The Capitalist society has been the great provider for science as both have evolved from the philosophy of the Enlightenment. As the socialists make further progress in destroying Capitalism, its destruction will entail the death of science.

Just as the production of goods and services flourishes in a free market place, so do ideas and technical developments prosper in a free market. Socialism is clearly the antithesis of the free market for goods and services. What people understand less well is that ideas and new inventions depend just as much upon the freedom of individuals to make their own choices and to pursue their own happiness. The market place of ideas must be as free as that for goods and services if ideas are to be explored and understanding is to be realized in the life of man.

As a part of the socialist agenda against Capitalism and the market place of ideas, the federal government scientist Dr. James Hanson of the Goddard Institute for Space Studies has called for using the courts to prosecute those politicians who deny the idea that man has caused Global Warming and that this is a disaster. Dr. Hanson is one of the media's favorite alarmists. Another prominent scientist alarmist had already made the same call. This scientist is Dr. David Suzuki, a Canadian scientist who became a producer of environmentalist documentaries and is well-known to the watchers of the CBC. Apparently scientists of the socialist environmentalist persuasion are highly inclined to the elimination of free inquiry and freedom of conscience. This tendency is broadly based in the postmodernist, multicultural, and environmentalist fascist socialist worldview.

Thanks to Robert Bidinotto for directing my attention to the article on the poll of the British people and to the comments of Dr. Hanson and Dr. Suzuki.