The Phaserl


Bernie Sanders, Don’t Kid Yourself!

by Pater Tenebrarum,

When during the last presidential election campaign Mitt Romney suggested that some 47 percent of Americans choose to be dependent on the government, he seems to have been right. (The exact number is probably impossible to ascertain.) And at this time, the Democrats are pretty much hoping that at least that many Americans believe they are the beneficiaries of government wealth redistribution, consisting of welfare payments, subsidies, Medicare, unemployment benefits, public works, public education, etc., etc., which they will secure for them.

To generalize this, let us simply take it that a very large proportion of the citizenry sees itself as dependent on government support. This is how most people in Europe and elsewhere around the globe see themselves. They require cradle to grave handouts. The rest are the producers, people who take the initiative to be productive, creative, and so forth. It is this latter group that supplies the resources from which the former take the wealth they require for their survival and flourishing. So Mitt Romney had it roughly right.


Mitt Romney: it was impolitic of the rich guy to say it out loud, but it was one thing he did get roughly right. If you wonder whether the Democrats really dream of a “cradle to grave” nanny state, just consider Obama’s comically helpless and utterly creepy Julia

Photo credit: Jewel Samad / AFP / GettyImages


What is one to make of this?  Well, before we can answer we need to figure out if those who depend on government support in their lives have it right — do they have it coming to them?  Do the others, the productive ones owe them the support they require and gain?

The Democrats evidently think so.  But they have a problem: how is the support to be supplied?  After all, both groups are in need of sustenance and if only one group supplies the resources, will the support be sufficient?  And will those who produce it be willing to continue to do so?


The Deciders

Socialists believe that the society is just one “organic body” and as with all such entities resources are used indiscriminately by the organism so as to support its various functions, organs, faculties, etc., never mind who produces and who consumes the resources; those are for the whole system to use as is needed: “From each according to his/her ability, to each according to his/her need!”

Trouble is some of the people will have to decide about all this.  It is not automatic, contrary to what Marxists think. And here is where the politicians and their appointed bureaucrats enter the picture. So called democratic socialists give the impression that there can be some grand democratic process that handles the administration of the distribution of responsibilities and uses, who must produce and who may consume.


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1 comment to Bernie Sanders, Don’t Kid Yourself!

  • rich

    Robert Rubin and Federal Reserve Board Independence

    In a NYT review of Roger Lowenstein’s book on the Federal Reserve Board, Robert Rubin touts the virtues of the Fed’s independence from political control. He decries efforts to make the Fed more accountable to Congress.

    The higher unemployment acts as an insurance policy against inflation. The higher unemployment kept millions of people from working and deprived tens of millions of workers of the bargaining power needed to secure real wage increases. While modestly higher inflation would be a matter of little concern to most workers (especially since it is being driven in part by higher wages), it would be very upsetting to the financial sector since the value of the debt they own would be reduced.

    The financial industry has a grossly disproportionate influence on the Fed due to its design. They largely control the 12 district banks. In addition, the governors appointed by the president tend to be more responsive to the concerns of the financial industry than other sectors of the economy. It is certainly possible that if the Fed were not so tied to the financial industry, it would have paid more attention to the housing bubble as it was growing. The industry made huge amounts of money from the mortgages that fueled the bubble. (In this context, it is probably worth noting that Mr. Rubin made more than $100 million from his position as a top executive at Citigroup during the bubble years.)

    For these reasons, the public may not be as happy about the Fed’s lack of accountability to democratically elected bodies as Mr. Rubin.

    Many might prefer a central bank that is concerned more about workers than bankers.

    is peter a tool ?…it’s by design.

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