The shell game

Daniel Greenfield must have an I.Q. somewhere up in the thousands. Here are excerpts from a post he wrote this week on economics.

By indebting everyone from the individual to the government, everyone is forced to maintain a bankrupt and broken system. Debts are obligations. Obligating everyone to the same system forces everyone to comply with the system.

Interlinked economies are more unstable and require more regulation. Interlinked national economies become regional economies with common regional regulations imposed on multiple countries. And regional economies link in to a global economy which requires universal global economic regulation of all actors from the lemonade stand to the multinational bank to maintain centrally planned targets.

Growing instability is met with tighter regulation leading to the increased power of oligarchies who regulate the system and the diminishing freedom of individuals. Every action taken to create greater security and stability for the oligarchy has the net effect of subtracting from the economic freedom of all smaller actors.

Irresponsible spending is promoted from the top down and captured from the bottom to the top so that larger entities promote irresponsible economic behavior and by accepting the consequences of that behavior take on the political and economic power of that assumption until the global economy is one great totalitarian welfare state built on subsidies and debt.

Responsibility is traded for freedom, but individuals, institutions and governments, who give up freedom of action in exchange for being able to pass their responsibilities up the ladder, are participating in a shell game.

Responsibility is being passed up the ladder, but accountability isn't.

Protecting the sources of failure is a primary goal of those who benefit from institutionalizing and universalizing failure. If the failure sources are addressed, isolated and treated then smaller systems and actors will reclaim economic responsibility robbing larger systems of their regulatory power. Creating entire sectors dedicated to economic irresponsibility in the name of greed and idealism is a means of weakening smaller systems and individuals in order to subsume them into a global failure economy.

The more debt is assumed, the more authority is assumed. Maximizing debt also maximizes and centralizes control over spending. Central planning reduces economic flexibility and diversity in order to meet target goals which can never be met because the very system created to meet them is incompatible with the efficiency and productivity necessary to achieve them.

When failure comes it is never attributed to the ideology or to the entire structure, rather to a failure of comprehensive control. Each attempt at deepening control expands the system that is the cause of the problem and deepens the level of failure in areas affected by the system. The more the ideal is pursued, the more the real declines until the entire system implodes with devastating consequences.

The economics of planned global failure threaten to repeat the consequences of the decline and fall of the Soviet Union on a global scale. While such a system is never likely to successfully come into being, it has been the long term progressive aim throughout the twentieth and now the twenty-first century. It is now closer to coming into being than at any time before. The distillation of free market economics into the crony capitalist corporation which looks to the government to take care of the messes It makes even as it campaigns for a borderless world is tipping the globe closer into the black hole of a planned global economy where universal debt leads to universal power and universal failure.