We are now seeing the final stages of Socialism crumbling around the world. Europe’s crisis was and is an event just waiting to happen. Even without the massive burden of paying for U.S. military protection, as the American taxpayer is doing, the Europeans didn’t take long to spend themselves into socialist poverty, while below there feet in Africa, hundreds of millions starved and slaved for a dollar-a-day. Funny that their loving socialism never dripped across the Mediterranean and fertilized Africa, if it were such a good system? The Europeans certainly have had enough wealth since the 1980s to have developed the African standard of living up to their own if their socialism had really worked, and they had really loved their fellow men as they loudly proclaim all the time. But they got used to the cushy, unexistential lifestyle that the affluence of the printing press usually brings to a society for about twenty years. The similarity of socialist deficit financing of their ever growing entitlement lists, through the printing of fiat currency, and amphetamine addiction, is quite striking. About twenty years and then the systems, economic or human corporeal, fail. America has lasted a lot longer because of its pre-war wealth, and because it was tops economically after WWII. It also probably had more Libertarians who ranted and raved against Socialism than Europe had at that post-war time, so American Socialism didn’t really take off into phase two until War Criminal Lyndon Johnson announced his plan for the “Great Society”. Fifty years on we can see how “great” it is.
The Greek crisis serves to show just how impotent politicians are in controlling economies, as any Austrian economist would have told them, save for those politicians who would let free-market Capitalism operate with the utmost latitude like Ron Paul and Gary Johnson, while retaining the fraud laws and probably many OSHA regulations designed to prevent the kind of worker endangerment that used to be rampant in industrial America, and which still is in many industries like coal mining, as we can see from the mining and oil disasters that occurred well into the Obama Administration’s taking over OSHA. But apart from frauds like food adulteration, counterfeiting rare coins and selling them as genuine, rewinding odometers on used cars, altering gasoline pump meters (usually in the station owner’s favor), etc., there would be absolutely no restrictions on the Liberty of Trade in a Capitalist society. All the aforementioned frauds would still be crimes under Libertarian Capitalism, and the sentences would be far longer than currently, since the jails would be emptied of 70% of their captives with the decriminalization of the possession of drugs under a Libertarian Administration, and there’d be plenty of room to hold business frauds for longer terms of incarceration.
And since Socialist economies around the world are dependent on this Socialist Ponzi scheme’s keeping rolling along, the fall of Europe is going to derail them all. We can see it in the last few days as China not only slows industrial production but is starting to have trouble with its own Commie Banks, if such a phrase is not an oxymoron. And America’s slowdown will also hit China, like someone suddenly blasting AC/DC on a boombox in the middle of a church service.
The long predicted world Depression has finally started to hit a few weeks ago, and from now on its going to be down down down.
It could have been avoided in 2008, but American Socialists voted for Barack Obama or John McCain instead of Ron Paul. Now it is too late, unless somehow Ron Paul or Gary Johnson are elected President. Then there would be a chance that in a few years we’d be back in an economy that provided most of the benefits that Socialism promises, but without the coercion.
Government should be a tool, like the body, that runs efficiently, but of which one is virtually unaware. The ego is unaware of the body when the body is healthy; it only becomes uncomfortably aware of it when the body malfunctions. And so too with government. The government that doesn’t stick its nose in its people’s private business, but rather promotes their Freedom, is like the healthy body. It is the government that sticks its nose into its people’s private business, when there has been no property rights aggression by the Individual, that is the sick diseased government. It is also the current government of the United States under Barack Obama, but it is not the government envisioned by Thomas Jefferson, James Madison, and George Wyeth.
In a nutshell, Socialism fails because it has no accurate pricing mechanism for capital goods. This is Mises’ argument in essence. And currently in Europe you can see the failure of the various shades of the Socialist system in action. Simulataneously it brings both inflation and depression, and that is what we see today, as millions of Socialists slip into abject poverty due to the greedy system they so clamoured for. Their greed has been rewarded many times over. Yes, Socialists invest greed to produce poverty the same way Capitalists invests their surplus labor, objectified in their money, to produce Capital. Only the Socialists are better investors in this instance.
The Hitlerian dream of Germany uber alles Europe is fast fading along with his peabrain Socialism which still, 67 years after the wonderful news of his death, is massively popular in Europe. Germany thought it could ride the Marshall plan into the 21st century, continuing to milk her defense costs out of the American public, which scheme of course was supported by the Quislings of the Democratic and Republican Parties, both riddled with Socialist principles. (For example, what modern Republican would dare speak out against the restrictionist Minimum Wage Laws or the immoral Farm Subsidies, except Ron and Rand Paul?)
Euro-Socialism is bringing the continent and China to their knees, and the election of either Obama or Romney will bring American Socialism to its knees within their term. Unless there is a worldwide revolution in economic thinking, Socialism will breed more and more chaos in society. But the brainwashing of Socialist thinking pervades all facets of modern society. The visual media, the Hollywood propaganda films, and Government Radio (NPR, BBC) all contribute their subtle conditioning, so that the listener or viewer is easily lulled into thinking the way they want him to think. And Corporate propaganda goes hand in hand with Government propaganda, as if they were both called in by the President to the same meeting. The Corporate commercials always reinforce the image that Government itself wants to convey. And then the same Government funnels enormously lucrative contracts to these same Corporations. And the lemming voters keep voting Democrat or Republican as they let themselves be ripped off.
Until they voted Libertarian in 2012.
The terminal patient of Socialism is groaning in agony, and the ECB is giving it morphine. Within a few days or a few weeks, the morphine will prove toxic, as the pain of the necessary correction of the malinvestment causes more urgent cries from the economically confused and panicked populace.
Watching the death of Euro-Socialism should prove most instructive to future generations of Free-Market Capitalists. We can hardly wait to attend the funeral.
Hoooooooooooooooooooooooooowwwwwwwwwwwwwwwwwwww! — Silverwolf