I have no desire whatsoever to further anything that is connected with communism or even socialism, both of which I regard as total rubbish and far, far worse even than capitalism, in spite of all its myriad faults. Socialism simply swaps one set of assholes for a different and frequently even less deserving set of assholes. Nevertheless, to me, this quotation, which I found in a great article on Info Ink is probably one of the best and most succinct summaries I’ve come across of how the economic crisis has been dealt with by political administrations around the world…
Jerry White apparently wrote the following on wsws.org:
Indeed, the administration has provided unlimited resources to stabilize “the financial system,” i.e., the bankers who are responsible for the financial collapse. But this has had nothing to do with a revival of lending, let alone slowing the wave of foreclosures and personal bankruptcies. On the contrary, the big banks have used the public funds to extend their grip over the financial system, hand out billions in bonuses and resume the same type of reckless speculation that produced the economic catastrophe.
That, I believe, is a near perfect description of how the current round of economic disasters has been handled and it’s indicative of how far the various governments around the world have lost control of their own countries – and yes I do mean lost control of their countries!
Nevertheless, it’s my considered opinion that it’s not the banks and financial institutions that are really to blame either. We witter on about businesses behaving responsibly and being accountable and so on and so on… What total bullshit that is! Business is business and it’s doing what it does and nothing more. It’s there to make the best profit it can and simple legislation to stop it telling outright lies is all that’s required. Any other direct legislative control is bound to be ineffective, extremely costly and largely counterproductive.
If you want any business to behave “responsibly”, then the very best and most effective way to fight its worst excesses is by means of competition! Just as it’s true that a young thug will respond best to a smack in his foul mouth (whatever the do-gooders would have you believe), corporations fear and modify their behaviour in response to competition from a similar organisation that behaves differently and is more to the liking of its customers!
Equally, the best guarantee of workers being treated fairly by their employers is a buoyant economy and competition between firms for the best employees. Naturally, socialist supporters don’t like that because, first and foremost, they believe in controlling everything and everybody their way and it does in any even mean that lazy, aggravating assholes will find that no one wants to employ them anywhere – but then why should they? In a competitive society (and humans are by nature competitive, which is why our species is successful), just as corporations must compete with each other for business and the best employees, so must the workers compete with each other for the best jobs under the best conditions by studying and attempting to be the best! What’s wrong with that? Why are we continually trying to make the unemployable employable? Sure, as a wealthy, caring society, we shouldn’t see anyone starve, but we shouldn’t either attempt to pretend that a lazy, ignorant, uninterested, selfish, belligerent asshole is equally deserving of all the benefits that come to a hard working and responsible employee who’s taken the opportunities he’s been given (and found for himself) to work hard at becoming properly educated and knowledgeable – it just doesn’t make sense!
Humans are all equally important and all deserve equal opportunity in a decent, modern society, but what they will achieve with that is not equal and shouldn’t be, because we are all different individuals with differing abilities and desires. If we choose not to take the best advantage we can of what opportunities are offered by our society, then that is our choice (indeed, in my opinion it’s our right), but then it’s also up to us to bear whatever crosses that choice brings with it.
If someone is truly incapable due to a physical or mental disability, then fine, take care of the guy and do it well and above all with dignity, but people who truly fit into that category are few and far between and the vast majority of the disadvantaged are that way because they’re freeloaders and/or don’t want to join the system. As I say, I can sympathise with that and agree that it’s their right, but it should be their problem to cope with the downside of that personal choice and not a burden for the rest of us to bear on their behalf.
So, Is There a Solution?
Well, whether you agree with me or not, if you’ve read this far then surely it’s worth a few more moments of your time to just consider how I would control big business without huge amounts of legislation, red tape and all the normal accompanying (and in my view ridiculous and pointless) bureaucracy that I despise so much…
Firstly, to very briefly sum up, I think capitalism, bad as it is, is vastly preferable to communism, which doesn’t in fact work on a grand scale anyway and I believe that by far and away the best way to control capitalism is by competition.
Since (in the UK at least, although I don’t know how it’s been done in the US) “the people” virtually own one or more banks following all the money that’s been put in, why can we not simply take over what’s left of the one we own most of (a huge, international bank) and run it to behave in the way we would like to see other banks behaving? The competition would quickly force the other banks to behave in a similar fashion if they want to stay in business at all! This, in my opinion, should be done with many of the critical businesses that “serve” both the people and capitalism such as some other financial services including insurance and even education.
The big banks would no doubt scream, “Unfair competition” – just look at the so-called healthcare punch-up debate that’s occurred in the States – it has nothing to do with “freedom” or any of the rest, it’s all about the insurance companies who fear the competition! However, I don’t think they really have a point (which I personally would ignore anyway, whether they like it or not) because there is a snag…
The snag? Governments can’t by their very nature run anything efficiently and successfully. It just doesn’t happen!
What’s that? You don’t believe me? OK, I’ll prove it. The simplest way for me is to deal with the UK, which (being a Brit) I know most about. Let’s take a couple of really important and typical examples: healthcare and education…
On healthcare we have the NHS, which is far more comprehensive than the proposed systems in the US. Free healthcare for everyone as, what and when needed. Sounds great and, in some ways, it is. But private health insurance and private hospitals, consultants and doctors are thriving! Why? Because the NHS is so badly run, over-regulated and hide-bound by legislation and bureaucracy that it frequently fails abysmally to provide the superb healthcare we all know perfectly well that it can and, sometimes, does!
Then there’s education, which is available to every child in the UK from the age of (I think it is) four to… well… basically to the grave, because it’s totally free up to the statutory age of eighteen and grants etc. are available for the poorest at least to go to university, college and more – even when people are older and have to “retrain” because of redundancy and so on. It’s not perfectly free to those beyond school age, but it’s there and the cost can be “offset” in many ways. Yet (again) the private, fee-charging schools and colleges (and boy are the fees mostly something to behold!) are yet again thriving! That’s because, if you want your child to grow up well educated and basically decently behaved, instead of either stabbed to death or becoming an ignorant thug, you’d better find the money if you possibly can. OK, that’s a bit of an exaggeration because not all state schools and certainly not all state pupils are like that, but many are and the dangers and lack of proper education are often and definitely very real.
But I digress (again) - the solution: If governments set up normal, semi-autonomous businesses as the controlling competitors, with the right balances in their initial remit and only broad further management by government, then it would work. They can’t do that, though. It’s simply against their nature. They have to meddle and fuck up things that work perfectly well – mainly because the politicians involved are largely far too stupid and inept to actually be employed in the outside world themselves, but have an uncontrollable urge to be in command of anyone and everything, which is why they became politicians in the first place.
Oh, well… sigh… back to the drawing board, I suppose…