Transmogrified Economics by Government Command

The people of the United States of America, through the odd courtesy of the incoming radical President and US Congress, are to amazingly witness the incredible transmogrification of domestic economics, by the Federal government, on a notably massive and dramatic scale. Of course, the previous Republican Administration is far from blameless in its blatant interventionism favoring Big Government activism by, e.g., eagerly supporting tremendous bailouts in the hundreds of billions of dollars, which, in turn, rightly justifies the much needed electoral failures of the Republicans in both 2006 and, especially, 2008.
Instead of trying to properly help regenerate and stimulate the national economy by boosting efforts to substantially and appropriately revivify, helpfully energize, the private sector that generates jobs, capital investment, innovation, entrepreneurial efforts, etc., the Democratic Party ideologues in Washington, DC will, thus, empower greatly government by, unfortunately, sucking capital out of the private sector and toward the public sector.
Failure in the economy is being generously rewarded, moreover, not really punished, by the idiotic bailouts, which, of course, makes a rather grandiose parody of Ayn Rand’s novel: Atlas Shrugged- and, by the way: Who is John Galt? Those financial bailouts, furthermore, do wrongly help to prolong the crisis and ensure that further economic problems will necessarily occur, due to all the past and very inappropriate interventionism.
This is truly, in its essence, basic Fabian Socialism under the broad guise of what is usually called just plain Keynesianism or, perhaps, neo-Keynesianism, which, in an earlier form, had totally failed in the 1930s of the Great Depression years, when it was tried repeatedly, meaning each year by hopeless year.
Obama knows, however, that almost all of his efforts will, in fact, mainly fail by fundamental economic measurements that are classically applied to detect success or failure; but, he is ideologically committed, nonetheless, to maximizing the massive growth of Big Government, inclusive of continuous acts of pro-Big Government interventionism. Why?
He genuinely wishes to radically direct the American economy into fully becoming a social-market economy/socialist economy because of his deep ideological beliefs that do demand the structural crippling of the private or productive sector, meaning the free-market economy; this is, therefore, for better strengthening the coercive or public sector of what he wishes to become the fundamental entirety of the future domestic economy, as is the known case, e.g., in Europe.
Of course, most people will be suitably mesmerized into thinking that he might just wish to do the very opposite of what he will be doing to foster ever greater degrees of socialization, within the national economy. Will this be really done for the deliberate destruction of capitalism, as the hard Left always ignorantly supposes? No, the basic contrary reality is more actually true.
Because capitalism is not equivalent to any genuine free-market economics, Obama and his supporters will assist the main processes of capitalistic developments and related monetary policies toward the furtherance of socialist ends. How, one might curiously inquire, is this possible? Both capitalism and socialism/collectivism are the two sides of the same coin of modernity; both support Big Government, Big Labor, and Big Business, the Iron Triangle of the modern, mercantile-capitalist/state-capitalist economic system; both wish a secularistic, hedonistic, and materialistic society and culture fully dedicated to economic valuations of truth and reality, modernist ethics and morality, for better retaining and maintaining modernity’s secular functionality and cultural dominance forever; thus, there is, in fact, no actual or real antagonism that has ever existed between capitalism/state-capitalism and socialism/communism.
Free-market economics, on the other hand, is the permanent enemy of the Iron Triangle since it favors entrepreneurship, risk, innovation, creativity, invention, competition, and economic dynamism; this is all set within, of course, the market-oriented challenges of a free economic system, therefore, that ought to be allowed to, thus, exist unhindered by excessive interference through a command economy/social- market economy.
Capitalism is, ultimately, related to only Big Business concerning economic reality because the latter orientation prefers, whenever possible, to: avoid the nasty problems of entrepreneurship; reduce substantially or to entirely eliminate actual risk; question any innovation that can hurt monopoly power; mainly stifle any creativity that might significantly damage the attempts at (hoped-for) monopoly or near-monopoly profits; limit occurrences of any really market-disturbing inventions; support actions to crush or severely limit most real competition; and, either actively or passively to pervert, forestall, misdirect, or hinder greatly, whenever possible, the requisite economic dynamism of any truly free-market reality.
Economists connected with the Austrian School of Economics (ASE) realize fully the absolute differences in the basically opposed orientations of free-market economics versus true capitalism, especially with the latter’s fundamental devotion to upholding Big Business, its anticompetitive principles, and any of its many normally related efforts at securing monopolies or, of course, whatever might be equivalent, as needed for capitalistic ends.
As is known to the ASE, Big Business, therefore, fundamentally loves tariffs, trade quotas, government subsidies, corporate welfare, and almost anything and everything that can successfully help to shield it from the often unwanted or terribly unpredictable consequences of genuine or actually unrestricted competition. Free-market economics is, therefore, not ever the actual ideal of Big Business and its mostly rather contrary ambitions and schemes that involve a very great devotion to the interventionist State and its ideological radicalism in terms of collectivism.
Regulated markets with highly regulated businesses are truly preferred by capitalism for, thus, helpfully preventing unregulated competition that can defeat the needs of Big Business to maintain its interests, against market functionality, unmolested by improper, meaning unwanted, free-market dynamics and any unrestrained or unrestricted creativity, innovation, invention, etc.
If there was not enough regulation of business in America, in the early 21st century, which supposedly had mainly caused the economic crisis, then why did the European economies also terribly fail, though they are, in fact, rather well known to be even much more highly overregulated than business is in the USA? Very little substantive deregulation had occurred in the late 20th century, which most people may not be aware of as to the facts that can be always independently researched. How is this known to be true?
Fact is that the American economy is already highly overregulated, as can be empirically seen by the US Federal Register with its, literally, many thousands upon thousands of pages, which are surely imitative of what a centrally-planned economy always needs, of course. This obvious situation relates, of course, to the many Federal government agencies doing the active regulating, besides state and other entities that do the same in many instances.
And yet, one usually encounters the gross myth of a greatly underregulated domestic economy, which is, constantly, promoted as a “fact” by the leftist mass media, the drive-by media, as being supposedly the actual truth. What other and real truths, however, do now exist?
As reported on its first page, in The Wall Street Journal of January 12, 2009, Obama and his Democratic Party wants to keep the Estate Tax. Exemplary of capitalist attitudes, one there also reads, on that same page, that Citigroup Inc.’s Board has declared its full faith in its Chief Executive, Vikram Pandit, though more billions of dollars are to be reported lost, besides the other billions lost before, of course, than what had been then previously assumed.
And, it is more than merely certain, moreover, that the ongoing, insane bailout atmosphere, allied to the increasing (Fabian Socialist) interventionism, will then definitely so continue with the suitably known participation of Citigroup Inc. and, thus, many other capitalist entities. Q. E. D. Thus, no rational, intelligent, or informed person ought ever, as a direct result, to be surprised.
Obama, being a leftist ideologue, therefore, will willingly tax and spend for the sake of further taxing the taxpayers, so as to then do more expected spending and taxing to tax and spend ad infinitum. Citing interminable documentation here would be really superfluous, to an extreme degree. The reader is referred, instead, to the many writings of the ASE as to why collectivism must, inevitably, always fail since it is ever an anti-market fraud just pretending to be concerned with supposedly aiding pro-market activities. In the here updated, immortal words of Everett Dirksen, a [trillion] here, a [trillion] there, and soon you’re talking about real money. That’s the truth.
Obama, however, thinks nothing of adding more trillions of dollars of debt every year, if necessary, to achieve his collectivist goal of a mainly command economy, at the least, subservient forever to the State for its very existence, for the wanted prosperity of the aforementioned Iron Triangle. What would have been just a simple recession of probably just a short duration will, consequently, be now deliberately prolonged into a fully drawn-out depression, if he and his people and the Democratic Party-controlled US Congress are mostly successful.
For instance, Obama’s well-known proposal to rapidly expand work on America’s infrastructure, i.e., highways, bridges, etc., is easily related to FDR’s WPA (Works Progress Administration), which did nothing at all to end the Great Depression; the same was also true, e.g., of his Federal Writers Project, of course, and all the rest of the New Deal.
Regarding historically, empirically, failed policies and programs, therefore, this nation has surely been there before, though in a lesser way than what is being now radically planned on a hyper-scale of massive spending matched to taxing, of course. But, the radical transmogrification of domestic economics is being scheduled to come into existence, through the expansion of government, being self-justified by government, as then supposedly needed by the American welfare-warfare state.
Ideologically-inspired tautology will, therefore, firmly govern the political thinking involved, in basic terms of assumed pragmatism, which will, then, fundamentally distort economic calculations within the marketplace, as would be properly commented upon by the ASE. However, who can be fairly said to be mainly responsible for what is to predictably happen in terms of the coming economic depression should Obama basically have his way?
The vast majority of the American people are to blame. The politicians were not imposed upon the population by an invading army; they did not, of course, just parachute from the sky to occupy and rule the country; they get elected; in turn, many of them appoint judges who do, presumably, what many people, not everybody, want them to do. Thus, every people, sooner or later, gets the government it deserves; many citizens, many millions in fact, actively want a transmogrified economy that will exist to totally care for them, from proverbial cradle to grave, with no real attendant, personal, economic or political responsibility, except to vote for collectivism and, therefore, the related politicians.