Kos joust on the Financial Time Bomb

Here’s my retort to a charge of amoral dogmatism on Daily Kos.

 

I can see how you would guess I am dogmatic when being insulted.  Righteous annoyance sometimes brings out a few extra adjectives from me and often people are deafened by the excessive amplification.

Writing in unbroken logical syllogism is pedantic and boring and bloated.  My unamplified points are:

1- the financial crisis was a setup by the left in that Fannie/Freddie and other GSE’s were shielded from risk oversight.  Worst case for the left: subsidies would continue forever, best case: if the bubble burst, the crisis would force a bailout and more progress towards de facto socialism (the ideological goal of the left), as happened in the S&L debacle.

2- the well will go dry eventually, and a true depression will be the only way America will get its work ethic back.

Admittedly, there are also regulatory failings regarding securitization, mark-to-market, and truth-in-lending, but those would not have caused the meltdown on their own if Fan/Fred had not offered the black hole of value by buying up crap, knowing they would be bailed out if it collapsed.

But if I had made these points, and argued them logically, I would not have forced you or others to defend yourselves EMOTIONALLY. By coupling vulgarity with ideological insults, and ridiculing the most caricatured (but real) characters in the left’s cast of “leaders” and “workers”, the meta-point would not have been made: 

This is an ideological cold war.

The statists (like yourself I assume) who have and will continue to sacrifice economic growth and technological freedom to reach egalitarian goals have made this economic downturn much worse than it would have been, and worse yet, I KNOW most of you are ecstatic that the government is no taking de facto control over several formerly private institutions, as were your great-grandparents when Wilson created the Fed and passed income tax, as were your grandparents when FDR defecated the New Deal on America, as were you parents when LBJ poisoned the underclass with the Great Society. 

Now you have your statist coup merit badge.  Congratulations, you’re an Egalitarian Scout, the highest Ludd honor.  Your time bomb worked (with the aid of the libertarian-in-name-only Alan Greenspan).

I believe in government protection of the borders and of property rights, enforcement of informed (non-fraudulent) transactions, free but competitive markets, reasonable regulation of safety, wealth transfer to the truly disabled, and emergency care for those whose lives are in imminent danger.  So I’m not a laissez-faire airhead, I just believe in maximizing the meritocracy.  Economic growth is critical to species survival.

But the rest of government is basically a tremendous impediment to the aggregate increase in human living standards.  Unsustainable entitlements and extreme looting of all successful people is going to cause all wealth and living standards to contract, and many will die as has happened when collectivism became dominant in the USSR and China and many other places.  I’ll stack libertarian morality against statist morality any day.  Whose ideas have killed more, Adam Smith’s, or Karl Marx’s?  Without the industrial revolution and relatively free markets, the world population would still be under a billion. Which ideology trends toward specied survival, and which towards species extinction?

Parasite is the right word, because even if you have a private sector job, you advocate and vote for collectivism.  A thief with a dayjob is still a thief.  Out of touch?  Maybe at one of your effete altruistic blank-slate scribbling social-engineering soires.  I hang with people who innovate and add value ALL DAY, with no government help.

Now wasn’t that boring? Remind me not to be nice anymore.  This is a war, after all.

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