Monday, July 18, 2011

Take Our Government Back!

Back in 1776, Adam Smith understood economics better than most of our economists do today.  "Plenty of good land, and liberty to manage their own affairs their own way, seem to be the two great causes of the prosperity of all new colonies....In the plenty of good land the English coloniesof North American, though, no doubt, very abundantly provided, are however, inferior to those of the Spaniards and Portugueze,and not superior to some of those possessed by the French before the late war.  But the political institutions of the English colonies have been more favorable to the improverment and cultivation of this land, than those of any of the other three nations."  (The Wealth Of Nations, Adam Smith; Random House, Inc., 2003; p 725.)
The reason the "English colonies" in North America prospered was not because they had so much good land (or other resources), but because of the political institutions that were created for us by the Declaration of Independence and the Constitution.  These documents gave us liberty and that libery brought us prosperity.  The freedom to manage our resources as each of us thought best created a wealth that few societies, if any, have ever known.  That freedom sparked the creativity of everyone and that creativity created wealth never seen before.  It raised more people out of poverty than any society ever has.
The USSR discovered this the hard way.  They discovered that micromanaging by the government not only makes people uncomfortable, that it is not only oppressive, but that government planning destroys the resources and the country and the wealth.  When the government does the managing, no one ends up with any wealth except the planners who fill their pockets with the profits that come from the hard work of the rest of the citizens in the country.  No wonder, Angelo Codevilla in his book The Ruling Class encourages the rest of the citizens in the country to take the country back from the ruling class, the beltway politicians.  If we don't take the country back by the ballot box, it is going to explode into Greek-type riots and bloodshed.  So we better get our act together unless we want our country torn apart.

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