Posted by: quiscus | February 14, 2012

February 14, 2012

1. “Fox Business Channel Cancels Freedom Watch with Judge Napolitano

Ratings were not an issue, since the show was one of the top-rated shows on Fox Business Channel. Since no reason was given, one can only assume it was the consistent antiwar, pro-freedom, and anti-establishment views.”

2. “Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.” – Tacitus, Agricola, (98), ch. 30.

Translation: “To ravage, to slaughter, to usurp under false titles, they call empire; and where they make a desert, they call it peace.” – Oxford Revised Translation, Project Gutenberg.

Tacitus is quoting the British chief, Calgacus, in his speech to British soldiers, stating the irony between Rome’s acts of empire and the inscription upon Roman medals of “peace given to the world.” Solitudinem faciunt, pacem appellant. “They make a desert, and call it peace” is often quoted alone.

“We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. It is not merely that at present the rule of naked force obtains almost everywhere… Bully-worship, under various disguises, has become a universal religion, and such truisms as that a machine-gun is still a machine-gun even when a “good” man is squeezing the trigger… have turned into heresies.” – George Orwell, Review of Power: A New Social Analysis by Bertrand Russell in Adelphi (January 1939).”

3. “Abstractions Versus the “Real World”: Economic Models and the Apologetics of Greed

Economists build models by what they call “abstraction.” But it’s really subtraction. They look at a real world situation and subtract from it the characteristics they deem unessential. The result is a bare bones description consisting of what economists deem economically essential. Everything that is discarded (not taken into consideration in the model) is called an “externality.” So the models only work when the externalities that were in effect before the models are implemented do not change afterward.

For instance, had the Bengali landlords and vendors not raised their prices after the factory was opened, the employees would have been better off. But the greed of the vendors and landlords was not taken into consideration by the model. The realm of economic models can be likened to the realm of Platonic Forms or Ideas. Both realms are static and unchanging throughout all time. Unfortunately the real world, as Heraclitus knew, is not static—change is ever-present, “No man ever steps in the same river twice.” Since externalities are excluded from all economic models and can be expected to change after any model is implemented, all economic models necessarily fail. Economists are frauds and economics amounts to nothing but an apologetics of greed. The world that economists model is imaginary, not real.

Don’t believe that what I have described takes place only in the underdeveloped world; it takers place everywhere a profit driven economy exists. I well remember working in Washington, D.C. as a staffer for a U.S. Senator. One year, a pay raise was scheduled to take effect the coming January. Shortly after Thanksgiving Day, prices began rising in all the area’s stores. The workers who received the raise were no better off in January that they were in October. The raise was siphoned into the pockets of vendors.

Free market economic conditions create a situation in which vendors always prevail. In the end, they get all the money. The economy’s business is business and it is protected by the legal system. Because prices cannot be controlled in a free market economy, vendors can always set them high enough to get all the money. Economists call it inflation, and the only way it can be controlled is by reducing the amount of money available for the taking. Reducing the amount of money available for the taking reduces wage levels and keeps workers poor. The business cycle is an excuse business uses to take back any gains workers have acquired. The American financial industry bribed the Congress to amend the Bankruptcy code in 2005 even though no financial institution was in any danger of collapse because of consumer bankruptcy filings. In 2008, the same financial industry brought down the world’s economy, began foreclosing on people’s houses, and forced thousands into bankruptcy. After reading this article, do you believe that both revising the bankruptcy code and the financial collapse were coincidental? The whole point of a free market economy is to take back all the money paid to employees so that the rich get richer and the poor stay poor. What happened in Bangladesh happens everywhere all of the time. Humanity is enslaved by these economic practices but the enslavement is carefully and continuously hidden. Workers, those whose efforts keep the society functioning and produce all of its wealth, are mere fodder—farm fodder, factory fodder, and when necessary, cannon fodder.”

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