It is always possible, I suppose, that certain people are simply imbeciles. In my advancing years, I tend to attribute a superior measure of sense and wit to seasoned, successful professionals who win election to our highest national offices; and I incline, therefore, to see their ghastly, indefensible miscalculations as window-dressing for a dark conspiracy. Such assumptions are sometimes ill-conceived. When the Speaker of the House pegs the number of jobs lost each month at a figure about 70% greater than our entire population, is corrected for it, and then repeats her gaffe within twenty-four hours… well, how many times do you have to put a shoe on the wrong foot to qualify as legally stupid?
One idiot grandmother aside (and what must she make of a trillion-dollar spending spree—what image, one wonders, do all these zeroes evoke in her flat-lining brain activity… does she know how many zeroes are in a trillion?), we still must contend with hundreds of members of Congress eager to blow the top off all spending restraints, some few of whom SURELY have above-average intelligence. I should like to ask them (the intelligent ones, I mean) the following questions. So we shall spend immense amounts of money which we do not have: whence shall we get it? China, say. How shall we ever pay it back? From the cornucopia of prosperity guaranteed (by some market-theory equivalent of the Easter Bunny) to ensue in the rosy future. From what operations shall we turn these lusty profits? More and bigger government, apparently. But with what money will consumers buy cars from government-financed manufacturers? Money they themselves receive from their government employment. And the government will have been loaned the money to pay these innumerable salaries by, say, China, whither we have shipped out all our real industries and white-collar private-sector jobs? Yes, of course. Well, then… government at all levels will thus be circulating cash so that consumers may afford government-owned or underwritten products with income supplied to them by government paychecks or given to them by government services? So it would seem, Socrates. Then the manufacture of products will not be determined by their success at fulfilling a specific need or demand, but by the willingness of government to underwrite said products… yes? Obviously. We must conclude, therefore—must we not—that the value of any product in this new order will issue, not from a given product’s intrinsic power to address certain needs or demands, but by the government’s estimate of a given producer’s power to keep numbers of workers occupied. No, that may not follow; for the public, having turned consumer, may think the product not worth buying at any price. But see here… if the government wishes to avoid laying off the producer’s employees and therefore subsidizes the manufacture of, say, glass houses or single-occupant fuel-efficient autos (for these products may also satisfy such noble objectives as environmental friendliness), the public may quite literally have the thing for nothing, or even—indirectly—be paid to make the purchase. Put that way, Socrates, your proposition may indeed hold.
If so, my friends, then I’m stumped. A being that cannot produce blood must eventually die—even a blood transfusion will not give the creature new life indefinitely. An economy that cannot supply its own essentials—food, shelter, transportation, defense, and so on—from its own resources and labor, but rather must import BOTH the building blocks of these necessities from other nations AND the money to fund a florition of non-essential services like waitressing, clerking, coding insurance claims, and processing sexual harassment paperwork (i.e., the kind of employment which is in fact booming among Americans), cannot long survive. We need industry. Our economy must offer, to our own consumers and to our trade partners, that which will not be refused in lean times. We must not become the bartenders, pimps, and clowns of the world’s rich and bored. We must pioneer new ways to grow healthy food, generate clean energy, and build precision weapons that neutralize bad guys with minimal collateral damage. How can we do any of this when, instead, we are constructing railroad museums in Cheyenne and creating films to introduce kindergartners to condoms? More bridges, more highways? We should be designing cities where people drive less than ever—we should be phasing out bridges and highways!
I return to my conspiracy theories—for I find it simply impossible to believe that so many successful professionals can be such morons. I believe, rather, that a significant portion of our leadership wishes to bankrupt us so as to forge some kind of merger with China, our chief creditor. I believe the eyes of these grandees are blinded with stardust: they see a new world order with one government ruling the planet’s masses, a paternalistic elite which will agree to dismantle all nuclear weapons and to double the beer ration on weekends—three-day weekends—if the masses behave. This, at least, makes a kind of sense to me. It is preposterously naïve and insufferably arrogant, as a vision… but it is not downright stupid. In fact, bright people are more than usually inclined to pipe-dreaming and egotism. They almost make one long for more idiots, on occasion.
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