Laughing Gas

As we face new threats to our economy almost every day, it becomes clear that socialists really don’t much care about it, or even care to understand it. They see it either as some immortal golden goose or as something diabolical that must be destroyed. It remains unclear what would replace it as communists (as well as Islamists) have been pretty much riding piggyback on our financial system as it stands.

I have never heard or read of a viable alternative to capitalism. I guess we’re experimenting with that now. Printing money and joblessness, both seem to play some part in it. Most economists (bar Krugman) agree that this will not end well. Still we persist, seemingly deliberately driving the economy into the ground. I suspect that after everything has been said and done, the basic outlines of capitalism will emerge once again. I just don’t see what else could possibly work.

We’ve gone too far to go back to herding and growing our own food, and bartering for services. People will not accept a communist or Islamic solution, unless forced to do so.

Pol Pot emptied the cities and drove people into the fields. Those needing glasses were summarily shot. Mao had a similar idea when he emptied the hospitals of qualified staff and sent them off to dig ditches. And the Taliban has vowed to burn all medical books.

I don’t believe it will come to that here, but the danger is that fewer and fewer of our people understand the workings of an economy, believing that money is simply manna from heaven and quite unrelated to perseverance, talent and work. Our schools, with few exceptions, are mostly left-oriented. They endlessly preach the evils of capitalism, but refuse to advance alternatives.

That’s why it takes until young people are already working for them to notice the scale of the tax bite they must endure - if they even know enough to look at their deductions.

Similarly, global strategy and defense appear to be barely understood going forward. Anything having to do with the military is distained by popular culture. This is yet another aspect of what has made America great in the past that has come under attack. The fact that it’s raining birds in Louisiana becomes yet another excuse for us to be scratching our heads, blaming Bush, Republicans, Congress, Big Oil (and industry in general), jihadis, China and patriotic fireworks in that order.

Just breaking: “Hundred of thousands fish found dead in the Arkansas River”.Also: “former Pentagon aide found (dead) in landfill; FBI only assisting - not investigating“. Also: “Navy fires Captain Owen Honors over raunchy videos.”

Does anyone understand any of this? Does a self-respecting country really behave this way? Meanwhile, by no means rattle the Chinese cage. They have a choke hold on our debt, after all. They’ll buy whatever they can with it before they prick the balloon and we are left with nothing but laughing gas to defend ourselves.

http://pkoelliker.blogspot.com/