Posts Tagged ‘Free-market capitalism’

Fresh Thoughts on Libertarianism

October 5, 2013

Certain ideas about Libertarianism have coalesced in Silverwolf’s mind, and the cats have threatened to go on strike if he doesn’t disclose them to the Public. (Labor Union Coercion!)

First off, Libertarianism is a vast, vast field or ocean, that is just being entered upon. It’s a long way to the other side, before one is debouched into Paradise. So this means that all thinking about the political Philosophy of Libertarianism is in the stage of infancy. It is as if “Democracy” had just come on the scene and was five years old, and every Greek was throwing in his two drachmas as to what it meant and how to define it.

So “Libertarianism” is just beginning, and since it is such a powerful philosophy — this Philosophy of Classical Liberalism — it will have many courtiers claiming that their brand is “His” brand above.

In Silverwolf’s brand of Libertarianism, four ingredients are necessary.

First, Individual Libertarianism must always be put above Corporate so-called Libertarianism, although Libertarianism should not entertain any unnecessary hostility towards Corporations, as long as they obey the Libertarian Non-Aggression Axiom. A share in a Corporation which has value on the open market should be treated just as any other form of private property, although while an individual income tax would be anathema to the Rights delineated in Jefferson’s Declaration of Independence, a Corporate Income Tax would not necessarily also be, because it taxes a Collective notional Institution, not an Individual.

So first, the Individual’s Rights must always be placed above the so-called rights of a coroporation.

Second, Libertarianism must fight to shore up and defend Jefferson’s “Wall of Separation” between Church and State. Church-State linkages throughout history have been disastrous both for the people and for Free-Market Capitalism, with the exception of the military hardware suppliers. We only have to look today at “religious” regimes throughout the world to see the most despicable forms of tyranny and torture being perpetrated, and to realize that little has changed since the Spanish Inquisition if Organized Religion once gets its bloody paws on the reins of government. Just as Free-Market Capitalist Libertarians call for separation of Business and State, so must they call for and maintain separation of Church and State, and a very strict separation at that.

Finally, while Libertarians believe that unconstitutional governmental laws should be overthrown in a day — laws like the individual income tax, or being forced into a government-run pension or medical-care scheme, or a “national service” involuntary servitude requirement, or the jailing of Americans by the hundreds of thousands for cannabis possession, or forcing Hindus, at the tax collector’s gunpoint, to fork over the fruits of their labor to pay for USDA beef inspections — we know that, given the public’s socialistic, big-government, brainwashing, it will not be so.

Thus, although you’d like to overthrow tyrranical laws in a day, Libertarian’s should probably settle for a gradualist framework for their change, because the American public is essentially conservative, and a conservative is someone who likes moderation. Southern Slavery, one of the Great Human Rights Crimes of recorded history, should have been overthrown in a day, but it took decades to burn its rotten carcass. Thus Libertarians should probably offer five to ten-year phaseouts of government programs like Social Security and Unemployment Insurance or Obamacare, not because we don’t think their injustices should be eliminated immediately, but because such a call would not be accepted by the majority of voters, but a gradual phaseout would be. We also think that maintaining these programs for those Socialists who think they are the greatest thing since Marx would be OK, as long as all the costs and all the liabilities fell completely on the shoulders of the program’s participants.

For example, if the State of California ended its mandatory, forced participation of all workers in the Unemployment Insurance Program, but then maintained a program called “California Unemployment Security Program” in which all costs and liabilities were thrown onto the program’s participants, and not the general taxpayer or anyone working in California, then we wouldn’t really object, although such programs should certainly not be within the pale of government functions in the mind of a true Jeffersonian Libertarian.

However, it is obvious that such a “State” program would be “State” only in name, and that such a program would not differ at all from a private, free-market insurance fund. The Socialists and Patriots could feel they were contributing to “their” government, since they both are fond of saying that “the government is us”, and they could walk away with that glow lonely Socialists feel when they kid themselves that “we’re a village”. Yet, they never seem to pool their bank accounts.

Lastly, Libertarianism must be fiercely anti-racist in its outlook, because the racist looks at others with an image in his mind, a pre-judgement. Just as the Marxist defines Individuals by their class, and always attempts character assassination by class association instead of argument, so too will the racist define individuals according to whatever images his exposure to propaganda has inclined him. A racist can obviously utter words that reflect Truth and point out an injustice, while a non-racist or anti-racist can utter false propaganda (and all propaganda is a lie!) and keep mum about heinous injustices which they perpetrate (the Democrats, for example, jailing people for cannabis possession and keeping it illegal, or deforesting the National Forests to benefit major corporations while spreading toxic pesticides far and wide).

So a racist, like a Marxist, pre-judges people based on the most infantile and neanderthalic thinking, whereas a Libertarian sees all men as possessors of sacred Natural Rights, which make them the highest creation of Nature. A True Libertarian would have a positive, non-aggressive attitude towards all, except those who want to violently aggress against the property rights (which include the bodies) of their fellow citizens, or those who want to incite hatred or violence against whole economic classes, religious groups, races, or nationalities. Such Individuals are anti-Libertarian and anti-Capitalist, though they may mascarade as Libertarians, or friends of Natural Rights.

The essence of Capitalism is Liberty, the Freedom of two Individual Human Beings to engage in a trade of commodities voluntarily, in which both parties are happy with the results. Primitive tribesman did this in the jungle, but the modern day Socialists say that such actions are wicked.

So Libertarianism, at least Silverwolf’s brand, must include placing the Individual above the Collectivist Corporation, a fierce separation of Mosque and State, an anti-racist and anti-xenophobic ferocity, and a defense and championing of Liberty, as the essential ingredient of Free-Market Capitalism.

What’s your brand of Libertarianism?

Hooooooooooooooooooooooooooowwwwwwwwwwwwwwwwwwwwwwww! — Silverwolf

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Uncle Ben Franklin’s Lessons in Capitalism: The Best of Poor Richard’s Dictums

August 4, 2013

For one taking the first steps upon the long Capitalist road from penury to wealth, there are few more valuable guideposts of Reason than the observations and wisdom of “Uncle” Benjamin Franklin, who was the physical embodiment of the economic philosophy of America. In his Poor Richard’s wise sayings, we find the basic wisdom that guided the men of the 18th century in their economic thinking, and which undoubtedly reflected a general psychology that must have existed for centuries before Franklin wrote down these gems of wisdom. Some of them are not originally Franklin’s, but come to us from general sayings of the times, or from various specific cultures. But they all seem to reflect a basic wisdom and insight into universal human behaviour when it comes to economic matters, and we can easily recognize ourselves and our own past economic follies when we read them.

Silverwolf read these when he was a wage-slave, beginning the miserable process of accumulating Capital, a process in which the first hundred steps are the hardest, and which, the longer one works at it, becomes easier and easier. They provided inspiration and insight into the truths of Capitalism and general human economic psychology that were invaluable, not only in observing ones own economic behaviour, but also in observing the behaviour of others. Make a foolish mistake and learn from it, and one will be able to recognize that mistake in others.

Anyway, for what it is worth, Silverwolf gathered together all the dictums of Poor Richard, published by Franklin in the 1730s and 1740s, and selected those which he thought were the most relevent to the budding Capitalist in terms of economic behaviour, but also those that reflected wisely on the necessary psychological outlook of the would-be Free-Marketeer. And here they are:

Light purse, heavy heart.

When bread is wanting, all is to be sold.

Would you live with ease, do what you ought, and not what you please.

Hope of gain, lessens pain.

All things are easy to industry, difficult to sloth.

Necessity never made a good bargain.

Diligence is the mother of good luck.

Wealth is not his who has it, but his who enjoys it.

He that buys by the penny maintains not only himself, but other people.

The use of money is all the advantage in having money.

If you have time, don’t wait for time.

There are three faithful friends, an old wife, and old dog, and ready money.

At a great pennyworth, pause a while.

Industry need not wish.

If you’d be wealthy, think of saving more than getting.

Industry, perserverance, and frugality make fortune yield.

Sloth (like rust) consumes faster than labour wears; the used key is always bright.

Light gains, heavy purses.

He that resolves to mend hereafter, resolves not to mend now.

Want of care does us more damage than want of knowledge.

What maintains one vice would bring up two children.

Many have be ruined by buying good pennyworths.

Tis a well-spent penny that saves a groat.

Great estates may venture more; little boats must keep to shore.

Patience in market is worth pounds in the year.

Diligence overcomes difficulties; sloth makes them.

Sloth moves so slowly that Industry must run all day to catch up to it.

Get what you can, and what you get hold, Tis the stone that will turn all your lead into gold.

Diligence is the mother of good-luck.

Creditors have better memories than debtors.

If you desire many things, many things will seem but a few.

After crosses and losses, men grow humbler and wiser.

The creditors are a superstitious sect, great observers of set days and times.

Buy what thou hast no need of, and e’er long thou shall sell thy necessaries.

Lend money to an enemy and thou’lt gain him, to a friend, and thou’lt lose him.

Lying rides upon Debt’s back.

Well done, is twice done.

He that hath a trade, hath an estate.

He that speaks ill of the Mare, will buy her.

If you’d lose a troublesome visitor, lend him money.

He who multiplies Riches, multiplies Cares.

The second vice is lying; the first is running in debt.

Wise men learn by other’s harms; Fools by their own.

Drink does not drown care, but waters it, and makes it grow faster.

The busy man has few idle visitors; to the boiling pot the flies come not.

If you’d know the value of money, go and borrow some.

Beware of little Expenses, a small Leak will sink a great ship.

He who buys had need have 100 eyes, but one’s enough for him that sells the stuff.

When the Well’s dry, we know the Worth of Water.

The Borrower is a Slave to the Lender, the Security to both.

Spare and have is better than spend and crave.

The Art of getting Riches consists very much in THRIFT. All men are not equally qualified for getting Money, but it is in the Power of every one alike to practice this Virtue.

Well, there you have it. All the distilled wisdom you need to set the Capitalist world on fire with your activities in the Market. Just add in a reading of Professor Murray Rothbard’s “Man, State, and Economy”, along with its adjunct, “Power and Market”, and you’ve got all the basic true knowledge you need to be a Capitalist.

Hoooooooooooooooooooooowwwwwwwwwwwwww! — Silverwolf

The Only Welfare Program Necessary: Silverwolf’s Destitution Camps

July 6, 2013

In a recent post of Silverwolf, he posited the seeming dilemma between Free-Market Libertarian Capitalism, which would have no government welfare, having it handled solely by charities, but in a society that was so generally wealthy and sulf-sufficient that few had to go to charity organizations, — this Capitalism as contrasted with Socialism, where those Individuals who had and earned capital would have it taken by force by a group or gang, acting through the government, to spend it on what the gang considered welfare programs. One  philosophy might lead to a man or child starving to death on the street (and did before the 19th century Industrial Revolution in the West, and modern times in India), though it guarantees in theory that no violence will be done to anyone without government coming to his aid and prosecuting the perpetrators, including government perpetrators. This is the Jeffersonian-Libertarian philosophy of the America of the Constitution and Bill of Rights.

The other Ideology, that of the Socialist, whether Democratic or Totalitarian, leads to a society where violence is permissible against the Individual (i.e. taxation and the threat of jail or bankruptcy if non-compliant with that taxation, i.e. coercion, which ultimately boils down, as Mao pointed out, to the barrel of a gun. ) Socialists permit violence against property in the name of promoting a just, peaceful society. That is a contradiction they not only don’t want to answer, but even gleefully endorse: Damn right we’re going to loot the rich to feed our poor brethren. Violence is what the rich deserve!

So between the “callous indifference” of those who refuse to commit violence unless attacked, and the “brotherly love” of those who would commit violence against others at gunpoint, there seems to be no meeting of the twain.

Silverwolf’s solution would be to follow the Free-Market Capitalist, Jeffersonian-Libertarian, Philosophy while maintaining, at least in a long interim of say ten years, a series of government-administered “Destitution Camps” across America.

These camps would provide succor to any American Citizen who found themselves completely broke, totally skint, down to the last nickel. Here, in these camps, they would find nutritious vegan food — whole grains, beans, fresh vegetables and fruits — without anything deleterious to the health being added to it (for example, salt), a basic change of clothing, and cot space or bunk space in a tent or barracks-building, etc. These would provide the basics of food, clothing, shelter, and sanitation. Inhabitants could choose to work off the cost of their keep by working at something useful in the camp, thus saving the government the cost of hiring workers to do these essential chores, and thus sparing the inhabitant from the dependent feeling that he was getting something for nothing. Depending on the current level of government debt (i.e. was it shrinking or growing, and at what pace?) there might even be an opportunity for people to work for profit on useful government infrastructure improvements and safety, for example, clearing roadside vegetation by hand instead of with pesticides in fire-prone rural-residential areas. This work might accrue them $10/day in savings, and when the person had accrued $3,000 or so, they would be ejected from the destitution camp, since they now had a few months living expenses in the outside world, and could try to make their own way. However, no inhabitant would be forced to work, although we can well imagine the effect on his social interaction with his chums if all nine of them went off to work to help keep up the camp, and he just sat around all day examining his navel (not so easy to do, try it).

Remember too that in our Libertarian-Capitalist society, business permits would be outlawed, and anyone could set up a vendor’s stall in publicly allotted market places, or on private property in contract with the owner. Vending would become a widespread occupation for many, and provide them with a living, but of course it is currently banned across the length and breadth of so-called Capitalist America, in her grandscale hypocrisy.

So vending and the elimination of all minimum wage laws would mean that many who would now have to resort to these camps under our current Fascistic mamma-Socialistic society, could find their way to self-sufficiency under a Libertarian-Capitalist society through vending and odd-jobbing.

But how would you fund these camps, Silverwolf? Aren’t you just back in the coercion camp of extracting taxes for what you, Silverwolf, arrogantly project as your own marvellous vision of the perfect society?

Well, not quite, because there would be no coercion involved in this taxation scheme, at least, no coercion of those who refuse to collaborate with coercion, and coercion of the deadliest kind.

Firstly, Silverwolf would ask for a “voluntary tax” to fund these camps. Since Americans under a Silverwolf government would be paying no income tax at all, and no social security or medicare deductions either if they had opted out of these programs, as they would have the Right to do under a Libertarian government, — because of these facts alone they would be far richer, and might feel or believe that they should give to this government destitution fund a small portion of what they used to be forced to pay for welfare costs under the old income tax, back in the wicked old days under the Democrats and Republicans. Hindu’s would no longer be robbed and have their religious principles desecrated by the Socialists in forcing them to pay for meat for the obese under the food stamp program. Muslims and Jews would no longer have to provide food stamps to be spent on dead pigs, nor would Atheists or Vegetarians be forced to pay for Hallal or Kosher meat. And Socialists could fulfill their dream of giving their neighbors something for nothing, just because they exist as human beings. Given the number of people in the Democratic Party and other parties, and in the major organized religions, that espouse their love for their fellow Americans and their belief in brotherly love, you’d expect that the coffers to fund these Destitution Camps would be overflowing.

But say the “voluntary tax” brought in nothing because the people had grown completely callous and stingy, and, even with no income tax, they still wouln’t contribute a red cent to Silverwolf’s pie-in-the-sky Destitution Camps, or contributed in such short measure so that the camps got some donations, but not enough to prevent them “slipping into the Red” as the Communists say? Then what, Silverwolf?

Then Silverwolf would propose to Congress a 1% excise tax on imports from countries that did not substantially comply with the Classical Liberal principles of Jefferson found in the Bill of Rights and the Constitution, or with regimes that did have such constitutions but were generally conceded not to protect the rights those constitutions guaranteed. In other words, the world’s dictatorships, totalitarian regimes, or regimes that had wide-spread human rights abuses without any legal retribution taken against the perpetrators, especially government perpetrators.

Also regimes that treated certain animals in certain cruel and inhumane ways.

So, for example, Red Chinese imports would get “hit” with a 1% excise tax that the consumer would pay when he purchased the product, mainly because of its massive Human Rights Crimes, but also for crimes against animals, like dogs, cats and bears. Japan would get it for their whale hunting, but not for any human rights abuses. Western Democracies would be exempted, except for Canada, due to its clubbing and live-skinning of baby seal pups in front of their mothers. Short that Cannuck Buck!

The excise tax would also apply to countries, like South Korea, that ate dogs, and let them be treated and murdered in the most bestial and sadistic manner.

And since Red China and Seal-clubbing Socialist Canada are the U.S.A.’s two-largest trading partners, Silverwolf’s anti-Fascist excise tax on products from these two putrid countries would easily fund these Destitution Camps.

People who did not want to pay the excise tax could avoid it by buying the same product that was made in Red China or Canada, from Taiwan or Lichtenstein instead, so there would be no coercion involved in the paying of the tax. The only infringement is on that of the consumer who was willing to collaborate with these murdering, torturing regimes by buying their products. The Moral Libertarian will not be dirtying his hands with the blood of Chinese dissidents or Labradorian seal pups, when he buys his baseball cap made in the Netherlands instead of Sinjiang, or his condoms made in the Falklands instead of Alberta ( the recent floods prove that those made in Calgary leak).

Anyway, Silverwolf believes his Destitution Camp scheme would be the only welfare program necessary in America, except for a few possible programs like care of orphans or those in iron lungs, or those suffering from severe dementia, although in our envisioned prosperous Free-Market society, such programs would almost certainly be funded and run effectively by private charities, nurtured by the largesse of wealthy Individuals.

Silverwolf’s Destitution Camps: the only welfare program necessary in America.

Hoooooooooooooooooooooooooooowwwwwwww! — Silverwolf

The EU Summit Banking Deal: Another Socialist Joke

October 20, 2012

One really must hold ones sides in laughter as one reads the latest statements by the Euro-Socialist heads of state commenting on their latest banking deal “breakthrough” that will do nothing to negate the crisis which Euro-Socialism has brought on Europe. The tired Leftists will continue to blame it on “Capitalism”, which has never really existed in the EU, since a system which has so many Socialists aspects, from a minimum wage to a state pension system to national “healthcare”, can hardly be called “Capitalist”. Socialism always ends by bankrupting the state and undermining the value of the currency, leading to inflation which merely drives the poor deeper into poverty. The latest EU manifesto on banking is merely a tissue of words designed to staunch the lifeblood of free-trade which is fast drawing out of Europe, and probably exists only in the backalleys of European metropolises, where narcotics deals and prostitution are negotiated in a free-market atmosphere of haggling over price. Long live the black market!

Silverwolf really had a good giggle over some of the flatulance coming from the mouths of that tired Ideologue, Merseeur France Holland, better known under his stage name of Francois Hollande, a man who obviously loves the nation-state (or at least his parents must have), but can’t decide which one he belongs to. How do Frenchman feel about being ruled by a Hollander?

If you’ve got a split lip, don’t read this because it’s really ludicrous. Hollande says of this new agreement, “Thanks to this, we can advance more quickly and with more assurance.” Advance witherto, Missyer ‘ollande? And what does “more assurance” mean? One is either asssured or not assured, and if you’re not completely assured, you’re obviously unassured. This is like the social democrat’s phrase “more freedom”, as in “this measure will give more freedom to the public”. Well, one is either completely free, or else unfree. Freedom has no quantitative measure, and, in Libertarian thinking, the only restriction on Freedom is that oneself and all others may not assault the property rights of any individual person. That is the only requisite for an orderly and non-violent society. (Property Rights, by the way, include ones corpus, which cannot be assaulted, enslaved, or dragooned into the military.)

Hollande went on to say that European states needed different “speeds of integration”. I guess the Socialist President of France in his economic wisdom knows what this “difference in speeds”  is going to require. And of course, there is to be the inevitable “council that will meet” as there always is — the experts will get together and figure out why they haven’t been able to figure out how to run a Socialist economy for the last few decades. More words, more verbage, as the EU debt creation monster will continue to breed more government bonds. The Socialists will never stop borrowing to feed their social methadrine habit, and those debts, denominated in eventually-worthless Euros will one day be realized to be never payable, and the whole Socialist outhouse will collapse.

Hollande’s Socialist twin over in Deutschland, Comrade Merkel, made the stunning and specific recommendation that “quality takes precedence over speed”, a statement certain to send clarity to the markets. Of course, if only we’d done that long ago, Angela’s got it right. So, that must mean that we must not rush this process of solving the Euro crisis — we’ve got tons of time, just don’t go too fast, while the general strikes flush another day’s national production down the loo, further weakening the economy and not producing any consumer goods and so further strengthening inflation. Yes, let’s just listen to the wisdom of Chancellor Merkel. After all, the legislative framework will be in place January 1st, and the body will start functioning “later” in 2013. Oh, there’s oodles of time.

As far as Euro doubters like Silverwolf, President Hollande took us to task. “Greece’s presence in the Eurozone should not be questioned anymore.” Yes, sir. Doubting Thomases like Silverwolf should shut up, and not question anymore the authority of a Socialist, who after all has been “Democratically elected”. What impudence Silverwolf has! Maybe such scoundrels as himself should be arrested for Sedition?

The new EU plan, which will create a central banking Czar who can intervene in any of Europe’s 6,000-odd banks, is obviously a prescription for fraud, and having one bank wipe out its competition by having corrupt individuals within the Czar’s bureau picking who will get stepped on and who will not. It will create another massive bureaucracy that will have to be paid exorbitant wages, benefits, and pensions, all borne by the already bankrupt taxpayers of Europe. And already Merkel is asking for a distinction to be made between “systemic” banks, and other banks. How convenient for those who are not regulated! Merkel also seems to know the precise exact reform that will be needed to fix the Eurozone engine-seizure. Can both of these Socialist geniuses, Hollande and Merkel, be right? How is it possible for two such brilliant Socialists, whom you will recall were Democratically elected and thus reflect the “wisdom of the people”, to disagree over principles, if Socialist principles controlling the banking sector are correct? Beats Silverwolf.

And the fact that this move will probably cause the UK banks and the City of London to be consistently outvoted on matters of EU banking is also conveniently being ignored. After all, who needs the U.K., except for their tourist Euros and their chocolates.

The mess that Euro-Socialism has created, with one tranche of society legally allowed to loot another tranche of society until the looting gives out like an exhausted gold mine, will not be solved by this bureaucratic tapdance the Euro-Socialist leaders are trying to perform. They are still creating debt, and until they give up Socialism, and move to a radical free-market, Individual over Corporation, pure Capitalism, with the small businessman, the shopkeeper, and the artisan at the core of that Capitalism, they will never succeed in their Socialist pipe dream of wealth without work and the effortless guaranteed income for all.

That over 350 million Human Beings can have their lives ruined by these State-Socialist Miscreants is Tragedy Incarnate.

Hooooooooooooooooooooooooooooowwwwwwwwwwwwwwwwwww! — Silverwolf

Capitalism or Liberty?

February 8, 2009

Capitalism or Liberty? No, Silverwolf is not positing them as opposites. He is asking, rather, whether, when we speak in favor of Capitalism, we are speaking in favor of a mere economic system, or something much greater and more profound: Human Liberty? Silverwolf would put it to you that we speak of the latter, of Liberty, when we use the word Capitalism, and Liberty implies a lot more than just using precious metals for trade, and having a body of economic laws to prosecute fraud and other property crimes (including physical assault). Liberty implies a certain moral quality, the moral quality of Freedom, which is indicated by a person using their capital to further their value hierarchy.

Now it is very common to use the term “revolutionary” to describe the Marxian view of economics. Marxists, Socialists, and Communists supposedly want a “revolution”, but that revolution is always put in purely economic terms. Any “revolution” within the skin, or the person’s psyche, is completely ignored, and it is always presumed that this will naturally flow once the “worker” is “liberated” from the evil “expropriator”, the employer.  Never a mention that perhaps the employer was himself once a poor worker who, through dint of hard work and frugality over decades, managed to accrue the capital to buy the machinery and be able to hire personnel and give them a living wage, while the personnel never had to save a nickel, or invest a week of life to suddenly have a chance to gain a sustaining income. Never a mention that the worker may be a greedy individual by nature, while the employer may be an extraordinarily generous and altruistic person. These facts are always overlooked by the Communist.

But to return to the main point, the Socialists are commonly held to be the “revolutionaries”, while Capitalists, in general, are held to want to maintain the status quo. Cries of “anarchy” and “all property to the people” naturally strike fear into the hearts of bankers and savers alike. And so, Capitalists are usually held to be “conservatives”.

But now along comes Ron Paul and his “Revolution”, the doctrine of a radical free-market Capitalism that sweeps aside every vestige of the many Keynesian “safeguards” that have come to burthen the American capitalist system. But, in  point of fact, these “safeguards” have kept America from becoming a truly revolutionary capitalist society, a condition that applied before and after the Civil War in large swathes of America, but at a time when Capitalism was still hampered by the technological primitiveness of mankind. Capitalism needed both the radical free-market, and the transistor and the computer chip, to finally be able to offer Mankind a life of limitless Freedom and Liberty when compared to any other comparable period in human history. So, in one sense, the American continent has never really had Capitalism in what Silverwolf considers the most profound and depthful meaning of that word. The Federal Reserve Act had imposed Socialism on America long before the computer liberated the wildest possibilities of Capitalism (though it’s mechanical effect is having a mechanically-atrophying effect on the human psyche).

Now the Keynesian gauntlet has once again been slapped broadside against the face of the radical, free-market Capitalists like Ron Paul, and all who understand his economic profundity, and the Collectivists are riding high the  feeble wave of their election by probably less than 25% of all living Americans. That is one of the tragedies of Democracy, when there is either no Constitution, as in most of the world, or where the Constitution is ignored, as here in America. Democracy will vote the country into bankruptcy, as the havenots, dependent on the Socialist state for their sustenance, outvote the haves who provide the taxes that pay for the sustenance. As socialism grows, more and more havenots crowd onto the welfare roles, and as societies producers become less and less, and the incentive to produce becomes less and less, less and less is produced and prices rise, causing more and more to crowd onto the welfare roles, but with added urgency. Suddenly, to be on the welfare roles is paramount for social survival, while to be a productive producer is to be punished, so the result is inevitable. This was one of the great insights of von Mises and Hayek:  Socialism must eventually self-destruct, even though it start from a tiny seed, and take fourscore years to grow into an economy-wrecking noxious weed.

But the question remains, If Communism is merely an economic revolution, what is a Capitalist revolution if not a similar economic revolution, but in a completely opposite polar direction? And what are the differences between these two so-called revolutions?

Paramount amongst the differences is the moral issue. Socialism and Communism believe the end justifies the means. The wealthy may be legally robbed, in order to further the aims of the Benthamites who believe in “the greatest good for the greatest number”. Obviously, such a doctrine permits  the murder, or expropriation of a small minority, by a vast majority.  It permitted the euthanasia of “mental incompetents” under Hitler, the first group attacked by the Nazis, before the Jehovah’s Witnesses. Two groups the general populace could care less about, especially at a time when eugenicists were pushing sterilization, and even euthanasia.

Liberal Capitalism, the Capitalism of the Mises-Hayek-Rothbard-Paul tradition, believes the means must be moral to justify the ends. It is actually a moral code, and in this sense, Capitalism is actually the only moral economic code, paradoxical as that may seem in a system which specifically does NOT guarantee a minimum of food, clothes and shelter. Yet, Capitalism is probably the best way for the vast majority to secure that food, clothes and shelter, and if they have a surplus over that, if they feel so moved by their moral code, they can donate that surplus to a charity they have confidence in, which can provide those life-sustaining conditions to the destitute, or directly supply the aid themselves. In other words, donations to private welfare-charities, in a low-tax, wealthy capitalist system with wide-spread prosperity, and a general philosophy of self-help and independence, would easily cover those few individuals who, through horrendous luck, or mental insufficiency, could not support themselves. Those who could be helped back to self-sufficiency, could be helped much quicker, and with far less bureaucracy than any government agency. And, since so many Americans identify with one of the major organized religions, it would be rather easy to guide these donations to places the donor could enthusiastically support. Moreover, the religious passion and integrity(hopefully) of the volunteers and workers at these self-help aid centers, and the lack of government rules and bureaucracy, would theoretically lead to much faster results. Also, in a system with very low taxation, the incentive to work is greatly increased for the “go-getters”, while “navel-contemplators”, content with a lower material standard of living in exchange for much more leisure time, would also achieve their value hierarchy under such a capitalist system. And their lowered consumption, in turn, would put less stress and strain on the resources of the society and the earth. Silverwolf wonders why Capitalists don’t hug those who live on very marginal resources, like hobos,  since they are leaving those resources for the “go-getters” at a much lower price. The welfare system, like a mafia, buys off a large number of it’s potential opponents, turning them into staunch allies. Of course it does, because someone who can be bought is obviously a capitalist, but not a very revolutionary one.

Now, what do we mean by a “Capitalist Revolution”, and a “Capitalist Revolutionary”?

Well, first off, let’s face it. Most “Capitalists” sure don’t want a Revolution. They couldn’t give a Jefferson about Liberty, or high-fallutin terms like “the Rights of Man”. Just give “em the cash, and shut up! In fact, Capitalists tend to identify very strongly with their  bank accounts. Of course, it’s natural because, ideally, this account reflects the exact marginal productivity of the Capitalist, the amount that he has produced for society over and above the amount he has consumed of the commodities of society created by others, the goods and services he commands every day with his command currency. That’s the deal that we all make when we participate in economic society, though we are 99.9% forced to make it if we want the semblance of a normal, sane life, , whether we like it or not. (There is always the very brave option of become a hobo, a “luftmensh”, the man who lives on air.)  But, since there is a very exact justice to a purely capitalist system, most people feel it is an approximately just system, and that is one reason so many Americans support the Capitalist system, or what they call Capitalism, though it really isn’t. And this fairly pure Capitalism was the system, generally, in America prior to the creation of the Federal Reserve, and excluding the Lincoln period around the Civil War. No Federal Insurance, so you had to know your banker well, and even then, you didn’t bet the ranch on one man, but spread it around for safety. Federal Deposit Insurance meant rate whores could go with the highest rate, offered by the charlatan and shyster bankers, knowing full well the Feds would guarantee it. Likewise, the FED was given the right to counterfeit US currency, which would be a very serious crime for any individual citizen, and to control interest rates, which, with a wholly fiduciary, non-metal backed currency, is the only check on inflation. To cause inflation, if that is what it wants, all the central bank need do is to force, by fiat, the government rate well below the rate of inflation. That is what is currently happening in the US and throughout the “free” (haha) world.

So what is the “Capitalist Revolutionary”? Well, perhaps the best Silverwolf ever heard it put was not by some American steeped in Jefferson and Mises, but a New Guinean “savage” in some long ago viewed documentary. This man had been part of a “pre-historic” tribe, unfortunately or fortunately, or both, brought into contact with the modern world. Somehow, through their resources, the tribe had become prosperous, and now had lots of New Guineans Kinas. The man stood in front of the camera: “In this hand, I have my money, it is a tool which I use amongst the whitemen, but in the other hand I have our land, and our ancient ways, and that is my real wealth.”  Well, Silverwolf may be coloring the words a little, but it was something like that. This man completely understood money: a tool  to do good, and nothing beyond that. A tool to serve a religious mind, not diverted from it’s preternatural contact with nature by the toys and googaws of modern life.

So we must learn from this Indian of the earth: to be a Capitalist Revolutionary means, inwardly, to never accumulate anything, to never own anything, to never identify oneself with ones property (except legally), to always be a start naked wolf, only covered by this nice, thick fur which our peanut diet (so rich in copper!) provides. Perhaps this is the meaning of that admonition by Yoshua ben-Yoseph, that if one would be perfect, one should sell all and give it to the poor. Perhaps the meaning of this admonition is that, psychologically, one should “sell all”, i.e. never own anything, psychologically speaking, “and give it to the poor” — realise that you’ll carry nothing to the grave, but a wornout carcass and ones good name, if one is fortunate enough to have earned one in life. Many are the glowing encomiums; few, those remembered as saints.

And, secondly, to be a “Capitalist Revolutionary” means to realise that one is not an actor, that that is a fiction, but that one is action itself, in the form of Human Life.  If this action is moral and authentic, then Capital has been raised to the level of the moral and authentic, or kept there if the Capital was earned morally (as mentioned before, through the accrual of the worker’s marginal surplus). In a sense, this is the Buddhist realization that the ego is a “humbug”, a fiction that doesn’t really exist, that is laughable, but one that we have to play along with in society if we are not to be declared certifiably insane. The man who answers the police officer, when asked to identify himself, is figured to be screwy if he replies, “I am God” or “I am the universe” or “I am Louis XIV”. But, if he answers, “I’m Joe Smith”, he’s considered sane. And he’ll be allowed to keep his bank account. And if he scowls, and yells at people, he may well become a banker, and be considered pre-eminently sane.

So, a “Capitalist Revolutionary” is Liberty Personified in the Human Form. He is action itself, nothing else, and that action must be highly moral. And Human Liberty also implies, morally speaking, that it never be used to destroy the Human Liberty of another, who has not violated ones property rights. In other words, it Respects the Other’s Liberty, if the Other Respects Our Liberty.

So the key is that a “Capitalist Revolutionary” keeps an awareness that he is just a fiction as far as his ego goes. Let’s put it this way, the only sense we have of our ego is always based on events in the past, stretching all the way back to our childhoods. We have been heavily conditioned by our pasts, whether it was a trauma we had as a child, like falling down stairs, or the trauma of yesterday, when the neighbor said something that hurt our feelings. And remembering that past, we think of ourselves as a “self”. This is a fairly widespread “mental disease”, and just being aware of it doesn’t automatically cause it to cease to function. It is an illusion created by the very natural response of memory, which obviously is a form of thought. Yet, it always involves the past, which is no longer a living thing. But,  being aware of memory’s ego-creating process constantly, can cause it to cease to function, as the Buddhists discovered. Some now achieve a similar feeling of lightness by looking at photos of the universe to start each day. But a Buddhist may scream as loud as a Baptist if he finds the bank has underpaid his interest by $40.00.

And, as far as a Capitalist Revolutionary’s possessions and collections go, Silverwolf would relate that wonderful story, buried somewhere in Dr. Johnson’s writings, where he visited one of the prominent actors of London’s stage. Thespian success had greatly increased this man’s income (and what percentage of actors, prior to the film age, ever achieved financial security through the practice of their art?), and on a tour of his London home, he avidly and enthusiastically showed Dr. Johnson the various collections of books, pictures, antiques, and momentos he had acquired. Finally,  exhausted after several hours of this, and bidding adieu at the door, Dr. Johnson left his interlocuter with the following thought, “My friend, I’m afraid you’re going to have a very hard time dying.”

Hoooooooooooooooooooooooooooowwwwwwwwww — Silverwolf

Free-Market Capitalism Is Dead: The Latest Collectivist Wail

October 16, 2008

The latest wail put out by all the Socialist pundits, who put themselves forward to the public as analysts of the markets, is that the current financial crisis shows the dangers of unregulated, free-market capitalism, and it’s very necessary, perhaps on a world-wide scale, to impose regulations and laws that will insure that this type of thing never happens again. For the 50th time, the backers of fiat currency and socialist-hobbled capitalism (as we see in the US and Britain), are telling us: we must have reform, then it will be “never again”, again. They are going to make sure that Socialism doesn’t fail the 51st time around. Sure.

First of all, let’s dispense with the myth that we have Free-Market Capitalism in America. In point of fact, we have nothing of the kind. Since the creation of the Federal Reserve by Wilson in 1913, our credit creation and interest rates have been at the whim of 10 men, many of whom were, are, or had been closely ligatured to the very industry whose product (interest rates) they were regulating. Obviously, when an industry-insider group has such enormous economic power, which should be instead in the hands of the capital markets,  there was and is a wide field for wild abuse, as both Presidents Jefferson and Jackson realized and warned against five- and four-score earlier.

Then there was War-Criminal Nixon’s abandonment of the Bretton-Woods Agreement, essentially creating a non-gold backed fiat currency out of the Dollar in one fell swoop. One of the greatest economic crimes in history. Now, when a currency is no longer backed by any kind of commodity basis, and only on the “Full Faith and Credit” of some political entity, then watch out. This ending of the gold link had been preceded by fellow War-Criminal Johnson’s abandoning of the Federal Reserve Note as a Silver Certificate around 1964. How neatly these two matched their foreign War Crimes with Crimes against the Constitution and American Capitalism!

Moreover, Federal Bank Deposit Insurance, while it seems like a good idea to the man in the street, insures the kind of “moral hazard” which has brought the banking system to its knees in the current panic. It took decades, but it finally led to wild and unscrupulous lending because the banks knew the mountebanks in Congress would bail them out if the Piper ever demanded to be paid for playing all those tunes all these many years. And now the Piper wants his fare money back to Glasgow, and enough for a wee dram or two with the lads, and he’ll nae brook delay.

And finally, we have the catastrophe of Congress bankrupting America in one fell swoop, creating a quarter as much debt in a few weeks as was created in the first 230 years of the Republic, just to save their political skins, and it is working. The ones who passed this give-away to the corporate wealthy are going to get re-elected and sweep into power, both in the legislative and executive branches, so that it will be a piece of cake for the Collectivists and Keynesian Socialists to completely smother the last vestiges of Free-Market Capitalism.

So when you hear all these “financial pundits” and Congressmen calling for more “reform and regulation”, and how horrible dog-eat-dog capitalism and free-market competition is, know you that they are tightening the last screws on the coffin-lid of Free-Market Capitalism, and they intend to bury it, along with Human Freedom and Individual Rights, in the Potter’s Field of Socialism.

However, coffin-lid screws have a way of working themselves loose and sometimes breaking free every 2 and 4 years in America. Just wait for the elections of 2010. Oh boy.

Hoooooooooooooooooooooooooooooooooooooooooowwwwwwww! — Silverwolf