It's Time To Turn The Compost
When news organizations report on the current financial crisis, why is the real cause never really examined?
While the causes of this situation are numerous and complicated, the over-arching cause is an unholy alliance between Congressional fossils and specific business entities who now have a business interest in government regulation of their competitors.
The real cause of this crisis, and most other crises of this nature, is the fact that all over America there are people running corporations, banks and quasi-government organizations who got their job because of their political connections rather than their experience or expertise. THEY ARE NOT CAPITALISTS. Capitalists do not want the unearned. Greed is political cronies making millions because of their connections, not capitalists who seek value for value based on the market and voluntary contracts.
Why is it that Wells Fargo, who had no interest in getting any government money injected into their business, because they engaged in none of the practices that would have necessitated it, were basically forced to take the money after a "Man Behind the Curtain" meeting with the Bush Administration? (Obama would have done the same thing, by the way.)
Because when jobs are traded as political favors rather than earned based on experience and expertise, and when the piper needs to be paid(which he always does), then the incompetence and corruption must be spread over the whole of the system so as not to point out the real problem.
That's what you get in a system that allows career politicians but doesn't limit their effect on the economy.
Now, the only real way to solve this problem is to have a "Separation of Economics and State" through an amendment to the US Constitution. However, I am a practical man and I realize such a thing will probably never happen in my lifetime.
The next best thing is to implement term limits for all members of the House and Senate. At least then there will be a limit on how long these unholy alliances between career politicians and business interests can survive.
Thomas Jefferson said: "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny."
He was right. We entering an age of economic tyranny. Indeed, some would say we are already in one. The government wishes to control more and more of our lives. They do it primarily through taxation and regulation.
It is mainly because the old blood has been there too long. We need a political transfusion. Our instrument for administering that transfusion is the ballot box, and it must be done.
It will be the purpose of this website to point out these unholy alliances and to fight for term limits for all members of Congress. This site is still under design, and I do have a regular job, so I'll get everything up and running ASAP.