The Politicization of Economics | Capitalism and Other Untried Approaches | [and] the History of the Sewing Machine and How Singer Ended Wide-Spread Misogyny | And Popcorn and Belly Dancers and Elephants and Hookas, Hoorah!
Imagine…someone comes into your home. They take a look around, and they have a very compelling appearance, and they are effective at demonstrating their care and concern for your well-being and the stability of your house. They look about and they say, “I would like to help you—I am a servant to the public. I notice this plate up here on your shelf is cracked. I can fix that for you—that is what I am here to do.”
They reach up, they take the plate off the shelf, and they open their hand so it falls to the floor and smashes to pieces.
“Oops”, they say, “those damn plate manufacturers! I can fix that for you…”
You, not really understanding gravity, say to them, “okay. I mean, you’re a public servant and all. Here: lemme give you the keys to my fine china cabinet so you can make sure all the plates have been manufactured according to reasonable standards…”
They take the keys, saying that is what you asked them here for in the first place, they take all the plates out and smash them one by one to the ground, and then, they declare with great indignation that they will hold public meetings to see just who caused this, and then they offer the manufactures some of your money to help them, since, you know, with all these plates breaking, their business seems to need some assistance.
You, feeling a bit confused mumble that you don’t really remember asking them here at all, but shrug it off, thinking they must be well intentioned, being a servant to the public and all…and so you, feeling delighted someone is taking your interests to heart, donate some money to the servant’s organization, and ask them to come back from time to time to make sure those darn manufactures are being kept in line.
And then, the servant’s organization hires one of the manufacture’s CEOs to help them design better policy to keep them in line. After they donate a very large sum of money to the servant’s organization—with no expectation of that influencing them, of course. That would be…well, unconscionable, they say with practiced righteous indignation.
One of the most unfortunate products of ignorance in our constitutional republic is the politicization of economics.
It is this Party’s or that Party’s “fault” for some economic crisis, recession, or a sector’s collapse. This is unfortunate because if there is one aspect of our culture that is truly bi-partisan it is economic policies, passed as feel-good measures, or patron pay-offs that will predictably lead to an eventual collapse.
This is further FED [no pun intended, but I’ll take it] by the ignorance of the populace when it comes to natural economic laws, which are as sound as the laws of physics—and equally as magical seeming to most due to [and sadly I have to repeat it] ignorance. Ignorance of not only history, which is a common and not-oft-enough area to educate people in, but also of economic cycles, the role of government, the efficacy of policy initiatives, and the confusion of what we wish were so and actual reality.
[to be cotinued in the coming weeks]…
21st Century Marketplace, The State of the World, human stupidity, politicics