November 28, 2012
In an article titled We’re Heading For Economic Dictatorship , Janet Daley of the Ludwig von Mises Institute of Canada breaks down the economic totalitarianism we now face as the so-called “double-dip recession” rears its ugly head. Daley describes how economies manipulated by central banks ultimately terminate in redistributive socialism designed to loot the producers and impose a grinding austerity across the board.
“In this dystopian future there would have to be permanent austerity programs,” she writes. “This would not only mean cutting government spending, which is what ‘austerity’ means now, but the real kind: genuine falls in the standard of living of most working people, caused not just by frozen wages and the collapse in the value of savings (due to repeated bouts of money-printing), but also by the shortages of goods that will result from lack of investment and business expansion, not to mention the absence of cheaper goods from abroad due to import controls.”
Daley correctly compares what is now emerging in the West to what brought down the Soviet Union. She writes that the West will increasingly use “the social and political structures that the East employed. As the fixed pot of national wealth loses ever more value, and resources shrink, the measures to enforce ‘fair’ distribution must become more totalitarian: there will have to be confiscatory taxation on assets and property, collectivization of the production of goods, and directed labor.”
It will be the “logical conclusion of what will seem like enlightened social policy in a zero-growth society where hardship will need to be minimized by rigorously enforced equality,” a false equality Democrats have enthusiastically demonstrated they are more than ready to impose.
I’d add to her analysis my own observation. If the so-called right is correct and Obama is indeed a socialist, he is a socialist designed by the banksters and the ruling elite. Despite inane cheering on the so-called left side of the rigged political spectrum, “taxing the rich” (the producers) will not be imposed in the name of social justice or as a valiant attempt to buttress the social safety net – it will be a continuation and expansion of predatory looting of wealth by the elite and just as importantly a method of social and political control of the masses.
“If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of superrich men promoting socialism becomes no paradox at all,” writes the late Gary Allen in his nearly universally condemned book, None Dare Call It Conspiracy. “Instead it becomes the logical, even the perfect tool of power-seeking megalomaniacs. Communism, or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite.”
Under the public relations cover of facing up to the “fiscal cliff,” Republicans have signaled they are ready to further tax the remaining producers of wealth as Democrats agree to politically suicidal budget cuts to formerly untouchable “entitlements” such as Medicare and Social Security.
The unanimity of Democrats and Republicans to further hobble wealth production was highlighted today when Grover Norquist , founder and president of Americans for Tax Reform, begged Republicans to maintain a “credible” separation from any tax hike as part of a deal to avoid the so-called fiscal cliff. Norquist said Republicans can’t “have their fingerprints on the murder weapon,” a declaration more pertinent than Mr. Norquist probably realizes.
Political suicide, of course, is a relative term: in a nation with only one political party – a monopoly underwritten by a predatory elite that ruthlessly subdues and attacks any viable alternative — there may be suicide for individual politicians, but not the system as a whole.
Only a revolution is capable of overturning this dismal state of affairs.