|Liberals Ruin Everything||What Conservatives Really Think About Community, Mr. Dionne|
by Christopher Chantrill
May 23, 2012 at 12:00 am
WHEN I WATCH the Democratic attacks on Bain Capital, I wonder. Just how do Democrats think the economy is supposed to work?
Take the Kansas steel plant that Bain took private in 1993 and reassembled as GST Steel. Here we had a faltering unionized steel plant. Nothing remarkable about that, of course. Unionized steel plants had been going out of business for two decades previously, because they were just too expensive and antiquated to be profitable. I remember experiencing that visiting Cleveland, Ohio, in the 1970s. The grand old basic steel plants in the Cuyahoga valley south of town were already wastelands, shuttered and abandoned, and their good union jobs gone for good.
Bain struggled with GST Steel for nearly a decade and then shuttered the plant in 2001. Now, in 2012, the Democrats run an ad featuring a former employee calling Bain a vampire. I assume he meant that Bain sucked the blood out of the company and then spat it out. Thats after Bain had transfused $100 million into the company over ten years.
If Bains actions are reprehensible, then what about the governments bank bailouts, in which the taxpayers stood bail on the banking system, or the auto bailouts when a Democratic administration showered benefits on Democratic constituencies with taxpayer money?
Just what is the principled Democratic way of dealing with industries in decline? What do Democrats think is the fair and efficient way to deal with failing corporations? What about Hewlett-Packard that just announced a layoff of 30,000 this week?
The world is waiting with bated breath for the answer, because, as we know, liberals and Democrats are the educated, the evolved, the intelligent people.
At the dawn of the postwar era the liberal prophet of cartel capitalism, John Kenneth Galbraith, barely worried in American Capitalism that there was a chance that power developed and even encouraged to neutralize other power, will start on a career of its own. Fortunately, he assured us, these powers--big business, big unions, big government--had so far comported themselves with some restraint. That was in 1952.
Since then there has been no sign that liberals have departed an inch from this top-down crony-capitalist model. In fact the Obama administration has seemed determined, while still splattered with the debris of the cratered auto industry and the housing bubble, to test their Big Unit capitalism to destruction with Obamacare, green energy, and very fast trains.
Meanwhile, the private capital industry has developed to help entrepreneur start-ups and to discipline corporations that have taken their eye off the ball. The only thing liberals can think to do is milk the private capitalists for campaign contributions.
There was another time in America when a whole sector of the nation chose to marinate in the past, standing against the future, and that was the Jim Crow era in the South. Defeated in the Civil War, their profitable system of plantation slavery demolished, Southerners could still use political muscle to maintain a bitter and twisted domination over the newly-freed slaves and keep the freedmen from challenging the white political and economic ascendancy. It was liberals that called the nation to abolish that racist abomination.
Todays liberals are in the same position as the Southrons of 1900. Their vision of good jobs, strong unions, defined benefits, and lifetime employment is gone with the wind, never to return. Instead we have the economy of creative destruction prophesied by that other mid-century prophet, Joseph Schumpeter.
Nothing, we know, is forever in the economyor ever was. Railroads, the wonder of 1850, were replaced by oil and steel, the wonders of 1900, and they were replaced by autos and electricity in the 1920s, electronics in the 1950s, computers in the 1980s, and the information revolution of the 1990s.
You can see the new economy in the flap over Jack Welch and women in business. Never mind diversity, mentorships and affinity groups... Over deliver, Mr. Welch advised. Performance is it! Predictably the feminazis exploded, so the Wall Street Journals John Bussey went to 18 woman CEOs of Fortune 500 companies to ask their opinion. They agreed with Welch. Be open to opportunity and take risks. In fact, take the worst, the messiest, the most challenging assignment you can find, and then take control, said one woman. I have stepped up to many ugly assignments that others didnt want, said another.
But the liberals are stuck in the past, marinating in their acidic Julia Crow politics. They still have to power to defame and deny, but lack the goodwill do lend a hand and help. And as for the worst, the messiest, the most challenging assignment? Todays trustafarian liberals dont believe in getting their hands dirty any more than the scion of yesterdays cotton plantation.
America deserves better from its educated elite.
Buy his Road to the Middle Class.
When we began first to preach these things, the people appeared as awakened from the sleep of agesthey seemed to see for the first time that they were responsible beings, and that a refusal to use the means appointed was a damning sin.
Finke, Stark, The Churching of America, 1776-1990
In 1911... at least nine million of the 12 million covered by national insurance were already members of voluntary sick pay schemes. A similar proportion were also eligible for medical care.
Green, Reinventing Civil Society
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
Law being too tenuous to rely upon in [Ulster and the Scottish borderlands], people developed patterns of settling differences by personal fighting and family feuds.
Thomas Sowell, Conquests and Cultures
The primary thing to keep in mind about German and Russian thought since
1800 is that it takes for granted that the Cartesian, Lockean or Humean scientific and
philosophical conception of man and nature... has been shown by indisputable evidence to be
F.S.C. Northrop, The Meeting of East and West
Inquiry does not start unless there is a problem... It is the problem and its
characteristics revealed by analysis which guides one first to the relevant facts and then,
once the relevant facts are known, to the relevant hypotheses.
F.S.C. Northrop, The Logic of the Sciences and the Humanities
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Dorothy L. Sayers, Strong Poison
I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all.
In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism
The incentive that impels a man to act is always some uneasiness...
But to make a man act [he must have]
the expectation that purposeful behavior has the power to remove
or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action
[In the] higher Christian churches... they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
The recognition and integration of extralegal property rights [in the Homestead Act] was a key element in the United States becoming the most important market economy and producer of capital in the world.
Hernando de Soto, The Mystery of Capital