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BobK71
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The Fundamental Tyranny
Apr 23rd, 2018 at 3:44pm
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Today's real tyranny is in the realm of money, where it can hide and surround itself with a benevolent, free-market and free-trade loving facade.

But we don't have to go into financial minutiae to really understand the problem.  It's actually quite simple, when properly viewed.

In order to grow, the economy must take risks, that is, make investments.  But who is to say which investments are worth risking for?  If the financial markets were free, each success or failure would be borne by the person investing their savings.  These incentives would tend to encourage good investing, for simple self-interest.

Unfortunately, in the world we live in, these decisions are not free.  Financial markets are fundamentally manipulated by the control of money and core financial assets by governments and central banks.  The political and financial elites have the incentives to prop up optimism, because optimism raises the values of the money and debt they issue, and thus give them wealth and power.

This optimism is supported by all the tricks in the bag, and the mirage is bound to be exposed eventually, because of an entire scaffolding of perverse incentives within.

But the elites don't seem to worry: when the day comes, the deception can be supported with more application of state power, the top elites can be bailed out, the problem can be blamed solely on the current occupants of power, and/or the unpayable debts can be inflated away.  In the mean time, rake it in!

In the final analysis, our world is not really different from a socialist control-economy, where the commissars proclaimed their undying commitment to do the best for the people, but enjoyed special access to the luxuries of life.  The exercise of power and the confiscation of economic freedom just occurs at a deeper level of the system.
  
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The Opposition
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Re: The Fundamental Tyranny
Reply #1 - Apr 23rd, 2018 at 10:43pm
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I agree that this is occurring, I just don't think it can be categorised as aggression, with the noteworthy exception that all this propping up and bailing out is tax-funded.
  

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BobK71
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Re: The Fundamental Tyranny
Reply #2 - Apr 24th, 2018 at 12:40pm
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The Opposition wrote on Apr 23rd, 2018 at 10:43pm:
I agree that this is occurring, I just don't think it can be categorised as aggression, with the noteworthy exception that all this propping up and bailing out is tax-funded.


I know, this has been your position all along.
  
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Don_G
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Re: The Fundamental Tyranny
Reply #3 - Apr 24th, 2018 at 12:54pm
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BobK71 wrote on Apr 23rd, 2018 at 3:44pm:
In the final analysis, our world is not really different from a socialist control-economy, where the commissars proclaimed their undying commitment to do the best for the people, but enjoyed special access to the luxuries of life.


The world's leading countries have a degree of socialist control, larger or smaller in different instances. And those successful countries seldom proclaim more commitment to the people than purely capitalists do. But they do deliver more!
And providing luxuries to themselves is much more a trait of dictatorships as opposed to countries such as the Sandinavian countries and other world leaders.

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  The exercise of power and the confiscation of economic freedom just occurs at a deeper level of the system.


The exercise of power is imaginary unless you provide examples and comparisons.

Likewise for the loss of economic freedom, just supposing that you haven't already conceded that. The US and Canada? The US and Sweden? The US and Norway? Etc.?

I suspect that the fundamental tyranny is US style capitalism. The bitchers and complainers on this board seem to be confirming that suspicion. Indeed, it's the making of the libertarian breakaway idea.
  
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BobK71
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Re: The Fundamental Tyranny
Reply #4 - Apr 24th, 2018 at 1:31pm
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Don_G wrote on Apr 24th, 2018 at 12:54pm:
The exercise of power is imaginary unless you provide examples and comparisons.

Likewise for the loss of economic freedom, just supposing that you haven't already conceded that. The US and Canada? The US and Sweden? The US and Norway? Etc.?


See my post Dissecting the Parasitocracy.  This is across all countries -- even though countries can differ mildly or heavily in the implementation of this system, they all work according to these principles.
  
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Don_G
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Re: The Fundamental Tyranny
Reply #5 - Apr 24th, 2018 at 1:41pm
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BobK71 wrote on Apr 24th, 2018 at 1:31pm:
See my post Dissecting the Parasitocracy.  This is across all countries -- even though countries can differ mildly or heavily in the implementation of this system, they all work according to these principles.


You can't ignore the difference between a happy and content citizenry and your country's discontent, corruption at all levels of government, and apparently possibly approaching resorting to revolution in the streets with the guns.

Americans can't even think of turning to the left for answers. The people on this board even condemn and mock the words, 'socially responsible government'!

That Bob is a very basic problem that is equivalent to paranoia!

I've given you my explanation why Americans are behaving that way. The system is being protected by the elites by pounding the indoctrination into their heads.

They are still incapable of reform. The libertarians who want it and know they need it, have no rational ideas on how to get it.

I do!
  
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Billie
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Re: The Fundamental Tyranny
Reply #6 - Apr 24th, 2018 at 3:28pm
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Don_G wrote on Apr 24th, 2018 at 1:41pm:
Americans can't even think of turning to the left for answers.
I thought all the flat earth children loved Bernie? Are you saying none of them are real Americans?
  
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Billie
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Re: The Fundamental Tyranny
Reply #7 - Apr 24th, 2018 at 3:29pm
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Don_G wrote on Apr 24th, 2018 at 1:41pm:
That Bob is a very basic problem that is equivalent to paranoia!


It's not paranoia to be concerned that a 'socialist' tyranny is staring you in the face.
You'd have to be as ignorant as a flat earth child to not be worried.
  
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Billie
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Re: The Fundamental Tyranny
Reply #8 - Apr 26th, 2018 at 8:57am
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This is on topic for you Bob, and I bet you aren't surprised at all...

https://reason.com/blog/2018/04/25/massive-spike-in-american-steel-prices
  
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Billie
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Re: The Fundamental Tyranny
Reply #9 - Apr 27th, 2018 at 8:18am
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This is on topic too. We've discussed it before, governments with unlimited power to "regulate" invite corruption.

http://reason.com/blog/2018/04/26/mulvaney-tells-the-truth-about-lobbying?utm_me...
  
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