Joseph Stiglitz is concerned about why people are hostile to the idea of gigantic, impersonal and rapacious governments stealing from them while telling them what to do. Governments don’t work on any level. But global government is worst of all. It will deliver ruin, mass incarceration and ultimately genocide. Power corrupts and absolute power corrupts absolutely. But Stiglitz is a world famous economist, so he has better ideas.
More Laws, More Violence Thus, though the police may be the face of law and order, behind their blue eyes rest the marching orders of politicians riddled with this presumption—that the law is the best tool for bringing order to a society facing complex problems. Let’s not give the politicians too much credit though. They, of course, are elected by “the people” to presume as much. As Mencken wrote, “Democracy is the theory that the common people know what they want, and deserve to get it good and hard,” and though I do not think the common people deserve to be victims of police brutality, I am not surprised they have become the victims of their “representative” government. Indifferent to freedom, the people have forged their own chains and have given “themselves” the reins by empowering their government and its agents.
Senator Elizabeth Warren is perhaps best known for advancing the narrative that the 2000s housing bubble, collapse, and Great Recession, from which much of the US and the world have yet to fully recover, were the result of “unfettered Wall Street bankers tanking the economy” by “tricking borrowers” into bigger homes and debts than they could afford. This, she asserts, was helped along by the banks’ dramatically increasing lending to “subprime” borrowers, thereby fueling a real estate bubble and then ushering in a “subprime foreclosure crisis” that “spread to” the rest of the economy. Based on this thesis, she has proposed numerous new regulations, some of which happen to address other legitimate concerns, but none of which address the root cause of the housing and foreclosure crises in the US and around the world. Nor does she address the massive leveraging-up of most developed countries’ household sectors, whose debts continue to weigh upon the world economy.
Obamacare is known by its official name: the Affordable Care Act. As I’ve said often, one constant in politics is that the law being considered will do the exact opposite of what the politicians say it will do. Another constant is that politicians will create a problem, create a solution for the problem they created that creates more problems, then create another problem-causing solution to follow. And they always require more money. Obamacare is no exception. The real solution is to turn to a free market in which consumers either negotiate costs directly with insurance companies for coverage they need at a cost they can afford, or better, where the consumer negotiates prices and treatment directly with the healthcare provider.
There is an established order and protocol for most things and efforts to always bring about more total control through more order and protocol. This is why so many of the largest human organizations and institutions are so bureaucratic, so hive-like and so hierarchical.