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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

In praise of the bailouts and redistribution of wealth

It has been clear to me for some time that support for capitalist wealth creation was no longer acceptable. The foolishness of our Austrian economic based opposition to massive politically directed transfers of ordinary people’s money to failed bankers, non-viable unionised car makers and anyone else who has political connections is clearly futile. This is the way of the future and we might as well get used to it while there is still any real money left to be redistributed. Let the printing presses roll and lets re-inflate that credit bubble! Fly me to the moon, my darling, fly me to the moon… on a massive gravity defying credit bubble!

As a consequence, as soon as I can get our technical guru to make the changes, we will be changing the name of this blog to ObamaBrownData, not as catchy as Samizdata I grant you, but it more fully represents the paradigm shift that all thinking people have now undergone and this blog is no exception. The world is rotating around the Gordon Brown/Barak Obama Axis now. So please all of you… go rotate.

We must learn to accept the wisdom and judgement of our political masters, sanctified by democratic processes, and realise that we are all dependent on the regulatory welfare state now. I will be signing up for as many state aid programmes as I can find and anyone who wants to advise me how to get on the gravy train, please let me know. All these years denying myself the largesse of our beneficent Big Brother has left me with a poor grasp of how to best benefit from the system. As Frederic Bastiat said, “The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else”, well everyone will include me now… and the Samizdatistas… or Obamabrownistas as we will now be known.

Point me to the trough, I repent my foolish ways and have a lot of catching up to do.

21 comments to In praise of the bailouts and redistribution of wealth

  • Nuke Gray!

    “TheGovernmentIsAlwaysCorrectData”? Not as short, but more likely to attract funds from the center! And you could change -Corrrect- to Right if there is a change in parasites (sorry, I think I meant party)

  • Linda Morgan

    Not a moment — or a day — too soon! Or too late, though I’m a bit tardy, GMT-wise, to convincingly congratulate you on your breakthrough.

  • Janine McA

    Ah, a “poison d’ avril” :-)

  • Quite right Perry. We are all community organisers now.

  • Johnathan Pearce

    Anyone seen that fecking great limo that the Community Organiser is being driven around in? It is designed to withstand a missile attack, apparently.

    Hopeychange!

  • Why not just call it GOSPLAN?

    The State can measure, adjust, influence and control everything if only (if only!) it had enough DATA!

  • Brad

    I think you need to go one better and not just become a recipient of the largesse – because you are still passive and subject to the whims of the Apparatus. You need to become part of the Aparatus to create your own little niche to exist in. Of course you don’t want to be too far up the chain and be subject to the attendant purges that will take place. So you need to find a nice little office at Bureau X to settle into to preserve yourself but not be so noticeable or exposed to be disposed of. Granted you might have to step on a few necks and execute some noisome directives, but, hey, a small price to pay for self preservation in the New Order.

  • Ricahrd Thomas

    I get “server not found”. Am I typing it wrong?

  • Sunfish

    Nice try. I’m still not disabling the hidden spy cameras in your kitchen. And I’m telling your parents about last Saturday.

  • I have often questioned whether the standard “take no state money on principal” stance was justified. It seems to place freedom lovers at a disadvantage compared to Liberals and Conservatives.

    Perhaps “suck the state dry and hasten it’s demise” would be a better strategy after all.

  • Linda Morgan

    “suck the state dry and hasten it’s demise”

    Keep in mind that the state merely takes the money from other people, so what you’d really be doing is using the state to suck those others dry and hasten their demise.

  • Laird

    A fair point, Linda, but I would respond that the state is a parasite which has grown so large it is on the brink of killing its host. Once the host dies the parasite will too, and since that end seems inevitable it might be best to hasten the process and get it over with. At this point I don’t see any other method of removing the parasite; it’s far too deeply embedded.

  • Linda Morgan

    Whoa, Laird, are you touting murder, suicide or as much of both as possible as promising means for ridding ourselves of the parasitic state? We are all hosts now, you know. Even those on the receiving end of all those stimulating bailouts are expected to somehow throw the money about in some sort of way that will keep the state breathing and embedding and printing up more stimulus.

    So speaking as a host here, I’m giving preference to plans that don’t involve wiping out me or various other people I like just so the state will turn loose and die a mite quicker.

    Considering that attempts to “suck the state dry and hasten its demise” really amount to sucking each other dry and hastening our own demise, isn’t a bit cheerier and more humane to at least try to tear the bloodsucker out and starve it in a cage whilst being tender and kind to each other? Just a thought, and certainly one easier to think than to do.

  • Laird

    Linda, an analogy goes only so far! Of course we’re all hosts (well, those of us who are productive and supporting the leeches, anyway). If enough of us decide to stop being producers and become leeches ourselves, wouldn’t that essentially amount to John Galt’s “strike” and force the change we seek?

  • Linda Morgan

    The only part of that novel I’ve read or plan to read is Galt’s speech, and I don’t remember any counsel to defeat the leeches by out-leeching them. Not at all. Of course not.

    There’s a big difference between refusing to produce for those who would live off your labor and laying claim yourself to the labor and productivity of others. You have the right to what you produce, but not to what the state or any other entity forcibly appropriates from others.

    What you’re proposing — in jest, I know — is to advance and accelerate the rot rather than remove your contribution to it. Fine, except you don’t have an actual right to do that.

  • Laird

    The only part of the novel which would have benefitted from a severe pruning was Galt’s speech. I get about 30 pages into it and start skipping paragraphs, and by about page 75 I start skipping whole pages. I’ve read the novel numerous times, but never that entire damned speech!

    You’re right, of course, that Galt (Rand) didn’t advocate becoming a leech, merely ceasing to produce for the benefit of others. But is there really a substantive difference between refusing to help fill the cistern and actively helping to drain it? The end result is identical (an empty cistern), and you get there that much faster.

  • Linda Morgan

    Yeah, I can see how a speech like that would disrupt the flow of the narrative and various subplots, to say the least. As I understand it, Rand wrote her novels as popular conveyances for her philosophy, so it’s ironic (if predictable) that so many readers would skip or merely skim the speech that she elsewhere called “the philosophy of Objectivism.”

    But is there really a substantive difference between refusing to help fill the cistern and actively helping to drain it?

    Not if you’re focussing on the ends without any regard to the means.

    The end result is identical (an empty cistern), and you get there that much faster.

    But then where are you, when all you’ve really practised and learned is how to drain that cistern?

  • Laird

    Hey, this is me we’re talking about. I know how to fill cisterns, and will get back to it eventually, when the time is right. For now I’m just taking a break and learning a new skill: emptying them. I’m sure Perry will help.

    I don’t find your “means/ends” argument convincing. You’ll need to do better than that. If you’d read the entire novel you’d find that John Galt destroyed his “miracle” motor; Ellis Wyatt burned his oil wells; Francisco D’Anconia blew up his copper mines. And Ragnar Danneskjold attacked and looted government ships. These men didn’t just walk away; they took affirmative actions which definitely hastened the collapse of the system. Were they wrong to do so?

  • Linda Morgan

    I know how to fill cisterns, and will get back to it eventually

    Oh, well yes, of course, and what a load off my mind. Sort of.

    If you’d read the entire novel you’d find that John Galt destroyed his “miracle” motor; Ellis Wyatt burned his oil wells; Francisco D’Anconia blew up his copper mines.

    Whose “miracle” motor? Whose oil wells? Whose copper mines? I acknowledged above that a person has the right to what he produces, and that is for persons both fictional and real the right to dispose of their property as they desire.

    And Ragnar Danneskjold attacked and looted government ships.

    Really? Wonder what he did with all the loot?

    These men didn’t just walk away; they took affirmative actions which definitely hastened the collapse of the system.

    Which ones signed up for the bailouts and the food stamps?

  • Laird

    FWIW, Danneskjold kept meticulous records and returned the “loot” to those from whom it had been taken. (At least, that was his claim.) A Robin Hood, in the true sense.

    Anyway, to return to my original metaphor, I still maintain that refusing to help fill the cistern and joining others in draining it are different only in degree, not in kind. I don’t see it as a “means-ends” dichotomy. Guess we’ll just have to disagree on that point.

  • Paul Marks

    Very good Perry.

    Neil Cavuto also did an April Fool joke on similar lines.

    I wish I had thought of doing so.