Feb 13 2010
Marxist, socialist, liberal, progressive – it does not matter what minor distinctions you wish to use, all of them are heading for world-wide implosion as the decay that is built into their public policies finally start rippling through world markets. Left wing ideologies all suppose the government is superior to the market and the individuals operating freely and adapting to change. There policies naturally attempt to stifle the very mechanism used by leading economies to survive tough times, which is why the fail so spectacularly and painfully.
For people who believe in Darwin’s evolutionary processes and forces, lefties seem to forget that they too exist within evolution’s flows. (Note: and those free market, libertarians who shun that branch of science are just as incoherent, given the fact free market competition is the human version of evolution at work).
In the last century, from World War II to the end of the Cold War, the extremes of left wing societies were all defeated in full and open competition with the West’s free market states. The only remnants of these pathetic social experiments are Cuba and North Korea (China is some weird hybrid that is sustained by sheer volume of the human race). Both of which are frozen in poverty and the early 20th century technically, icons of left wing success.
However, the utter destruction of left wing social madness did not die off with the end of the Cold War. It’s robotic followers (incapable of thinking outside dear leader’s box) have been attempting incremental changes to the western societies that so outperformed their state edifices of so-called superior thinking.
This last gasp of the left wing cancer has spread into many countries to varying degrees – including the US. This cancer did serious damage as countries allowed the facade of good intentions to destroy the foundation of their solid economies, which in turn were the underpinnings of the good life so many states provided their people.
Strong economies are the sources of a growth, security – of life, liberty and the pursuit of happiness. Government programs are not. It’s that simple.
For America the financial collapse caused by runaway liberal social engineering (you too can own a home, even if you really can’t!) was our wake up call that things had gone too far. Sadly, we had also just elected the most left wing government in decades, one unfettered by the clash of East and West. The fact this government’s left wing policies failed and will result in a strong repudiation of said policies is pretty much set in stone. Better late than never.
But we are just one piece of the world in the pending implosion of left wing craziness. Over in the European Union the cancer grew deeper and farther, and so the decay it created was much more severe. Now the left wing destruction of Europe’s economies is becoming glaringly evident:
The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday.
Strategists at Paris-based SociÃ©tÃ© GÃ©nÃ©rale said that any bailout of the stricken Greek economy would only provide ‘sticking plasters’ to cover the deep- seated flaws in the eurozone bloc.
The stark warning came as the euro slipped further on the currency markets and dire growth figures raised the prospect of a ‘double-dip’ recession in the embattled zone.
I read this (and other stories I will link below) with a bit of a startle. Could the Euro really be in that much trouble? It makes sense, too many European economies have been running unsustainable social programs on top of economic engines that are under powered for such largess. It’s easy to buy votes with extravagant promises using other people’s money – until Â the check comes do and those same voters are handed the tab. And we all knew this was where left wing European societies were headed.
But the fall may be more spectacular than the crippling collapse of the American left wing social experiments were. We may have passed a tipping point:
The issues for troubled euro zone countries are straightforward: Portugal, Ireland, Italy, Greece and Spain (known to the financial markets, and not in a polite way, as the PIIGS) had varying degrees of foreign- and bank credit-financed rapid expansions over the past decade. In fall 2008, these bubbles collapsed.
As custodian of their shared currency, the European Central Bank responded by quietly opening lifelines to all these countries, effectively buying government bonds through special credit windows. Europe’s periphery was fragile but surviving on this intravenous line of credit from the ECB until a few weeks ago, when it suddenly became apparent that Jean-Claude Trichet, president of the ECB, and his German backers were finally lining up to cut Greece off from that implicit subsidy. The Germans have become tired of supporting countries that do not, to their minds, try hard enough. Investors naturally flew from Greek debtâ€”Greece’s debt yields rose, and its banking system verged near collapse as investors and savers ran from the country.
But it’s not just about Greece any more. Thursday’s European Union summit ended with vague assurances of mutual support but did not fundamentally change the financial markets’ assessment. Other countries can also be cut off from easy ECB funding, so worries have spread through the euro zone to Spain and Portugal. Ireland and Italy are also up for hostile reconsideration by the markets, and Austria and Belgium may not be far behind.
The response from Greece is one of left wing robotic thinking, and is stunning in its depravity:
George Papandreou, Greek prime minister, said that, in the eurozoneâ€™s first big test, Greece had become â€œa laboratory animal in the battle between Europe and the marketsâ€.
His outburst is likely to infuriate the very leaders whose help Mr Papandreou needs. It came as it emerged there would be no more talk of financial assistance until Athens had persuaded the EU that it had a sustainable austerity programme in place.
Emphasis mine. For too long, too many have seen government as superior or in competition with ‘the markets’ – in other words the rest of us outside government. Government should be the servant of the people and their markets, not the enemy. We have let government use the bogey of ‘big business’ to ally with ‘big business’ to keep the average people constrained and stagnant. These power brokers set up barriers to personal success, tax us into oblivion and require legions of lawyers to maneuver byzantine and useless laws, policies, reports, etc. We have been boxed in and cannot save ourselves, let alone work with others.
And it comes to this – Greece feels it is in a battle with the very markets it needs to survive. The only saving grace seems to be level heads in Germany:
Officials in Paris said Ms Merkelâ€™s insistence on additional efforts by Greece to cut its budget deficit came close to thwarting agreement at the summit. According to sources in Athens, she called for a rise in Greek value-added tax of 1 per cent, in addition to extra spending cuts. Herman Van Rompuy, EU president, drafted a compromise before the summit started.
Ms Merkelâ€™s tough stance has overwhelming political and popular support in Germany.
The idea that government needs to live within its means and stop throwing money down waste holes (owned by cronies of the political caste who become rich running these waste holes) is a trend in thinking sweeping the US and now possibly the EU. Living within its means and not making promises it cannot keep. Whodathunkit.
To me politicians promising government solutions (if you just hand over your bank account number for the tax withdrawals) are no better than telephone scammers stealing from the naive. They all make incredible promises and then take your money without making good on the promise.
This has been the modus operandi of the left wing for years and has crippled the free markets, all the while they threw down more and more restrictions on individual creativity, restricting any options for economies to find a way out of the down turn.
It seemed inevitable in the last few decades that the West would have to learn a harsh lesson about the do-good-sounding failures which are left wing policy disasters. At points it seemed we could avoid this, as when Clinton and the GOP succeeded in destroying the addiction of generational welfare here in the US. But the left has been busy on many fronts trying to constrict free choice and insert their vision of proper and improper through command-control dictates. The markets naturally collapsed.
If the dominos start to fall then the left wing will have suffered another global defeat, this time inside the belly of the beast that are free market economies. As long as the voting booths are open, the people will make the proper adjustment. They allowed the left wing to over experiment and now they will trim them back.
It is the give and take of society evolving, learning, growing. It will never be pain free because survival is a fight, not a cruise. But if you believe in the power of the individual and the wisdom of of societies run on individual initiative and choice, then we will work our Â way out of this by throwing off the chains of left wing policies.