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Politics > Job Losses: Dishonest Diagnosis, Deadly Prescriptions

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message 1: by Ilyn (last edited Jan 21, 2009 01:46AM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Posted at Fox: http://community.myfoxdetroit.com/blo...

Jan 21, 2009 | 4:40 AM
Category: Political

In his inaugural speech, President Obama spoke of duty and the price and rewards of citizenship, both contrary to the principles enshrined in the Declaration of Independence.

Duty is an unchosen obligation – a free man chooses his responsibilities.

An individual owns his own life – it does not belong to the state. The only obligation of a free man is to respect the equal rights of others – he does not have to pay a price to be allowed to live.

message 2: by Ilyn (last edited Feb 03, 2009 05:53AM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Posted at Fox: http://community.myfoxdetroit.com/blo...

Job Losses: Dishonest Diagnosis, Deadly Prescriptions

It is devastating when a breadwinner loses his job, or when there are no jobs for jobseekers. Yet, politicians, judges, the media, and voters unremittingly bash job-creators.

The most prolific job-eradicator is the government. The destruction of jobs and their creators is due to serfdom made possible by unreason, envy, power-lust, and the criminalization of the value enshrined in the Declaration of Independence: the freedom of action in the pursuit of individual self-interests.

For more than a century, job-creators, i.e. businessmen, have been slaves. Power-lusters, looters, and moochers have rendered them fair game to every vilification, extortion, and rights-infringement by dishonestly portraying them as callous evil crooks.

Job-creators are widely denounced as exploiters of consumers, employees, investors, competitors, and the public. It is dishonestly or stupidly blanked out that businessmen with no political pull cannot impose their products or services on anyone. Only the government has the power to coerce.

Job-creators are widely denounced as materialistic and greedy. It is irrationally blanked out that they must earn profits in order to survive, and that big profits mean more jobs and also more money in the coffers of the kings (i.e. congressmen, senators, and the president) and the royalty (i.e. recipients of coercive-favor or coercive-welfare).

The only savior of jobs and their creators is freedom. Unleash the job creators!

But power-lusters, looters, and moochers will not relinquish their coercive power over businessmen. Although many job-creators have gone out of business or have been jailed and banned from creating more jobs (e.g. Mr. Mike Milken, the creator of 62 million jobs), the job-eradicators irrationally believe there will always be job-creators to bash.

If you care about jobs:

1. Advocate capitalism: the complete separation of state and economics
2. Champion reason
3. Value businessmen who do not want the government to coerce anyone in their behalf.

There is bipartisan support of serfdom and job-eradication in the government. Democrats are for socialism and the Republican Party is not for capitalism. Republicans strongly support bashing job-creators with regulations like the antitrust laws. The Republican Party is not for freedom. It is not pro-choice, the cornerstone of liberty. It dishonestly describes itself as pro-life. Since it blanks out the life of the pregnant human being, since it championss destroying the life of an actual human being, most of the time: a young girl, and since it advocates force -- forcing a female human being go through a lifetime paying for a mistake -- the Republican Party is certainly not pro-life. It is paving the way towards the worst scourge of mankind: theocracy.

A corrupt government has favors to sell. Unwilling to relinquish this goldmine, it cannot grasp that what rights-abiding producers and consumers do is none of the government’s business, that the rights-abiding market must be absolutely free for the economy to survive. Freedom categorically ends lobbying and favor-seeking because it ends the politicians’ power to offer extorted property and their own souls for sale in the name of the poor and the middle class and in the interest of the public. Serfdom is not in the interest of rights-abiding people.

Serfdom, e.g. businessmen-bashing, neutron-bombs jobs. The honest prescription to the loss of millions of jobs is freedom. Unleash capitalism and the heroic job creators!

message 3: by Ilyn (last edited Feb 18, 2009 06:27PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
My letter to:

Mark Tapscott
Editorial Page Editor
The Washington Examiner

Declaration for Socialism

President Obama said that government deficit spending stimulates the economy. This is the dishonest version of ‘spread extorted wealth around’. Deficit spending is wealth confiscation, wealth created by productive slaves. Much of it, if not all, will be borne by yet-to-be-born slave-producers. Right to life means the freedom not to be burdened with other people’s debts or costs of living. Mr. Obama is no rights-respecter.

“It is absolutely true that we can't depend on government alone to create jobs or economic growth," President Obama said. "But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life. It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs."

Since only the government has the power to coerce, Mr. Obama’s solution to the ailing economy is: more coercive power – more enslavement.

Tragically, the alternative offered by the Republican Party, a strong advocate of oppressive laws like antitrust, is a path towards theocracy.

Recessions are caused by serfdom. The cure is freedom. The solution to the loss of jobs is capitalism: complete separation of state and economics, coercion-free existence. Unleash the job creators!


message 4: by ROSANA (new)

ROSANA (goodreadscomrosananassar) | 1 comments :)
I agree!

message 5: by Ken (new)

Ken (scete) As this is a book group, maybe the advice of Mr Micawber is apposite?

message 6: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod

message 7: by Henrik (new)

Henrik While not necessarily against all you say here, Ilyn, this group has now turned down a ridiculous lane of bashing. And knowing that if anyone said something to voice a disagreement it would either fall to deaf ears or be, just like that, called "irrational." The whole "if you're not with me, you're against me" agenda. Ugh.

And knowing that in reality there's almost none of the "rationality" hailed here (and, yes, I know what I am talking about; I have a degree in philosophy & teach theory of science, so I know a thing or two about the various positions, incl. rationality), I hereby leave this group.

Take care, everyone.


message 8: by Ken (new)

Ken (scete) Henrik are you sure, really sure you have just made a rational decision?

message 9: by Ruth (new)

Ruth (ruthef) I'm gone too

message 10: by Teresa (new)

Teresa | 3 comments Bye bye Ruth and Hendrick.

While there was a little too much emotional overstatement in Ilyn's post, on the whole I agree with his argument.

So if you can't refute it logically, your solution is to walk away?

This leaves the perception that you are ignoring the problem because you cannot refute it. So, this helps your outlook how? This helps your growth how?

Either learn to have an adult discussion, one way or the other, or just take your football and go home.
Which, I guess, you've done. Enjoy yourselves.

message 11: by Nina (new)

Nina | 58 comments All this time I thought Ilyn was a young woman..Am I wrong? In any case, Ilyn good luck with your upcoming novel. nina

message 12: by Nina (last edited Feb 16, 2009 11:44AM) (new)

Nina | 58 comments Because we are all readers I thought this little poem in our newspaper this morning was worth repeating as we can all use some humor..Right?


"When looking for
something that's
A friend said of search
that it took,
"It's found at - regardless
of wishing -
The very last place
that you look."

Such common-sense
wisdom expounded
For anything hidden
or nooked?
Embarressed I am
that I found it
The third to last place
that I looked.

Don Monday Nina

message 13: by Teresa (new)

Teresa | 3 comments Thank you Nina. You are right, Ilyn is female. My mistake.

message 14: by Ilyn (last edited Feb 16, 2009 02:27PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Hello Teresa and Nina. Thank you so much for your kindness and goodness. Thanks for the poem.

message 15: by Ilyn (last edited Feb 22, 2009 12:41PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Royal Serf (draft)
By Ilyn Ross
Start: October 19, 2008


A historical and current events fiction, Royal Serf is a political thriller depicting the real-life enslavement of the world’s lifeblood, the consequent economic dislocations, and an intellectual revolution.

To free wealth and job creators relegated as royal serfs, US Presidential Candidate Apollo Marianto and British Prime Minister Ian Washington shine light on the camouflage used by statists to enslave job creators: Business’ Goliath image. Having a monopoly on coercive power, only the government can become a Goliath.

Government-Goliath has terrorized job creators for over a century. Corporate America is under a bipartisan dictatorship.

Apollo and Ian fight for equal inherent inalienable rights, but they are in the crosshairs of a powerful quartet and a perfect assassin.

The quartet blackmails Apollo and Ian, using the British Crown Prince desirous of freedom, regarding himself as a royal serf to tradition, duty, and public opinion.

Set in the United States and the United Kingdom, mainly in the 2012 US presidential elections, the novel’s plot-theme is: a royal slave’s flight for independence, and an uncommon man’s struggle that his country’s Declaration of Independence might not perish from the Earth.


A historical and current events fiction, Royal Serf is a political thriller depicting the real-life enslavement of the world’s lifeblood, the consequent economic dislocations, and an intellectual revolution.

To free wealth and job creators rendered royal serfs, US Presidential Candidate Apollo Marianto and British Prime Minister Ian Washington shine light on the camouflage used by statists to enslave job creators: Business’ Goliath image. Having a monopoly on coercive power, only the government can become a Goliath.

Government-Goliath has terrorized job creators for over a century. Corporate America is under a bipartisan dictatorship.

Apollo and Ian fight for equal inherent inalienable rights, but they are in the crosshairs of a powerful quartet and a perfect assassin.

The powerful quartet blackmails Apollo and Ian using the British Crown Prince who ponders, “Is a life of wealth, privilege, power, and fame, so dear and sweet as to be purchased at the price of chains and slavery? A free man is the architect of his life and he can lay the foundations for a skyscraper. Whereas, the blueprint of my life has been decided for me. He can reach as high as his mind could take him while I am constrained from choosing what my mind dictates. He is free to do as reason pleases while I am a prisoner to tradition, duty, and public opinion! He owns his life while mine belongs to my ancestors and the British people. I am a slave. Not to a single person, but to every Briton, living or dead. A free man chooses his responsibilities while I must follow and obey. He is free to pursue his own happiness while I have to serve. I am a slave, even to those I despise. I am a royal serf.”

Set in the United States and the United Kingdom, mainly in the 2012 US presidential elections, the novel’s plot-theme is: a royal slave’s flight for independence, and an uncommon man’s struggle that his country’s Declaration of Independence might not perish from the Earth.

Dedication page - A tribute to magnificent nobles: Businessmen

message 16: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Chapter 12 of Royal Serf contains explanations to youngsters. Excerpts:

Voters in the United States of America monitored the news in the United Kingdom aside from the political news at home. Many voters, specially the young, pondered political principles.

An eighteen-year-old student and babysitter was with a first grader and a kindergartner.

“Who gets your vote for president?” the first grader asked the babysitter.

“Apollo Marianto.”


“Because he stands for reason and rights.”

“What is reason?” the kindergartner asked.

“Reason is the human faculty which forms concepts by a process of logic based on the evidence of the senses. Reason is our means of gaining knowledge of this world and guiding our actions in it. Reason is not just for grownups. Would you like me to tell you a story about the ‘evidence of the senses’ and trusting one’s own rational faculty?”

“Yes.” The children chorused.

“The Emperor’s New Suit by Hans Christian Andersen, written in 1837. http://andersen.com.ua/en_the_emperor...

“It’s a beautiful story, thank you,” said the first grader. “The child is honest.”

The kindergartner also thanked the babysitter. “The child told the truth.”

“Yes, the child is honest. It told the truth even when everyone was saying the contrary to the evidence of its eyesight.” The babysitter smiled at the children.

“Now I understand reason,” said the first grader. “I use it to know what’s real.”

The kindergartner held the babysitter’s hand. “You are voting for Mr. Marianto because he is for reason and what’s real, and he tells the truth like the child in the story?”

“Yes. He values reason, reality, and the truth. Many do not, like the emperor, his old minister, and the whole empire in the story.”

“In the real world, what happens when grownups think and act like those in the story?”

“If there is freedom, it’s okay because there are people like Mr. Marianto. But if the people in government do not go by reality and truth, they stifle reason in many ways. Reason would be their enemy because it would expose their rackets. When people are conned into letting their government think for them, it is the end of freedom. The government has the monopoly on the use of force, that is, only the government can force others. It can force unreason on citizens.”

“Do we have freedom?” asked the first grader.

“We don’t have absolute freedom. Some can still speak out but we do not have property rights. The government can force us to pay any amount of taxes, even 70% of our income. Businessmen do not have rights at all. They create jobs but the government bashes them all the time and people who do not use reason vilify them at every turn.”

“Is that why many are going out of business and millions do not have jobs?”


“But like the emperor, people in government do not admit that truth, do they?”

“Businessmen bashers do not, be they in or out of government. They think there will always be businessmen creating jobs and enduring being treated like slaves.”

“That’s contrary to reason.”

“You are right. If the government does not stop bashing businessmen, every goose that lays golden eggs will eventually die.”

“That is another good story you told us. Mr. Marianto must like businessmen.”

“He says they should be free like any individual. In freedom, individuals have equal inherent inalienable rights. Businessmen have been deprived of rights for more than a century.”

“Why? Aren’t many of them powerful?”

“They do not have the power to use force, remember? Only the government does. Good businessmen do not lobby the government to use force in their behalf.”

“Aren’t many of them rich and successful?”

“Many of them are. They become rich by using reason. People who revel in using force go at them because they are rich, successful, and they respect reason, reality, and truth.”

The first grader looked earnest. “Everyone loves the poor. But one who claims to love the poor and bashes the rich is like the emperor and his people – such person is not using reason nor telling the truth.”

“Now I understand equal rights,” the kindergartner’s eyes lit up. “In freedom, the poor and the rich have equal rights. Please explain inherent and inalienable rights.”

“Rights are inborn. Mr. Marianto and Prime Minister ___ explained that the source of rights is not the Declaration of Independence nor the Constitution. This means that man-made laws are not the source of rights and that society cannot regulate, modify, or take away rights. Any action a man must do in order that he might live and not die is a right, provided it does not infringe an equal right. Always remember: any action that infringes a right is not a right. Recognizing rights are inalienable, the Founders declared that government cannot deprive a rights-abiding man of his rights. A man who infringes rights loses his own rights after due process of law.”

“Don’t the republicans and democrats in government respect rights?”

“Many from both parties do not. They enjoy being emperors. They can raise taxes at will and can destroy any business or businessman.”

“We should save jobs by stopping the government from destroying businessmen. We should champion reason.”

“Let’s explain to all our friends. Let’s tell Mom, Dad, and their friends.”

- continued in the next post

message 17: by Ilyn (last edited Feb 16, 2009 03:19PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
- continuation

That night, the eighteen-year-old student and babysitter wrote an open letter to Bill Gates, Jack Welch, and other business titans.

“Dear Businessmen:

I am an eighteen-year-old student and babysitter. I do not yet have your knowledge and mental prowess. But I always do my best. I have convictions and the integrity to stand by them. I revere heroes - you are among them.

A man of great knowledge has achieved a mind superior to most men. When a man with such mind compromises his convictions, he is delivering the innocents, youngsters as well as adults like me, to evil.

When a man of great learning and superb mental prowess does not stand up for reason and rights, he is destroying the barriers protecting the innocents. He is unleashing evil upon the innocents.

There is no greater use of your abilities, no greater gift to mankind, than fighting for your own rights and property.

Mr. Bill Gates described the decision by Judge Thomas Jackson in the government's antitrust case against Microsoft as a travesty of truth and justice. The government is punishing Mr. Gates and Microsoft for being exceptionally productive and successful.

In Mr. Gates’ public ‘Letter to Customers, Partners and Shareholders,’ he claims that he is motivated by the ‘most basic American values: serving customers, quality, integrity, partnering and giving to our communities.’ This defense is a win for serfdom and rights-infringers. It also misrepresents the fundamental value our country was founded on: the right to one’s own life, liberty, and the pursuit of happiness, which means the right to one’s own property.

Mr. Bill Gates and Microsoft can trade with others and make a profit by right, not by permission. The government is not a master. A citizen is not a slave. To regulate a rights-abiding citizen is rights-infringement.

Judge Jackson claims that Microsoft is monopolist, blanking out that only the coercive power of government can create a monopoly -- that a private monopoly is a contradiction in terms since it has no power to forcibly suppress competition.

Jackson claims that Mr. Gates has the power to coerce his customers into buying his products, ignoring that a private individual or company has no power except that of voluntary trade -- and that in a trade either party can refuse to do business.

Jackson claims that Mr. Gates harmed his customers by giving away his browser for free, thus preventing other companies from selling theirs. This judge is blatantly saying that Mr. Gates and Microsoft have no right to act freely and to profit from their actions, and that traders have no right to make their own decisions.

Antitrust laws and Jackson punish success. They are prolific job destroyers. Haters of the good envy great producers and clamor for government coercion to cripple the greatest minds. They are so evil they do not care that a great many innocents would be brought down with the business titans. Consumed by feeling inferior or by being bested, these haters are unmindful that depriving great minds, such as that of Mr. Bill Gates, of their right to economic freedom also deprives the rest of us of what they could produce.

The freer great minds can function, the richer we all will be.

In 2002, Mr. Jack Welch, former CEO of General Electric who increased GE stockholder value by over $400 billion in two decades, appeased public furor over his post-retirement benefits package. In lieu of a large bonus that the company wanted to pay him in return for not retiring early, he was offered $2 - $2.5 million annual benefits.

Instead of proudly asserting that he earned the benefits through decades of strenuous and successful endeavors, Mr. Welch renounced the money he earned by long, hard, competent, and honest work because the public disapproves of it.

When public approval trumps facts, justice, and rights, serfdom has won.

Mr. Bill Gates, Mr. Jack Welch, and Mr. Businessman: you have a right to your own existence and to the money you earn – you have the right to do business, not as public servants but each as an autonomous entity with inherent inalienable rights. Fighting for your own rights and property protects the innocents.

Like Mr. Apollo Marianto, you must assert your own rights for the cause of freedom.”

message 18: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Another excerpt:

“For more than a century, businessmen, a tiny minority, have heroically endured the status and conditions of Royal Serfs. They have been portrayed as Goliath by statists and the maliciously envious.

The story of David and Goliath tells of a wicked giant terrorizing much smaller, weaker people and an innocent, brave, young boy who vanquished him. A very similar story appears in the Iliad, where the young Nestor fights and conquers the giant Ereuthalion.

Of superhuman size and strength, Ereuthalion wields an iron club while Goliath has a massive bronze spear. Clad in armour, each giant challenges all the warriors in the opposing army. In each story, the seasoned warriors are afraid, and the challenge is taken up by a stripling, the youngest in his family - Nestor is the twelfth son of Neleus, David the seventh or eighth son of Jesse. In each story, an older and more experienced father figure - Nestor's own father, David's patron Saul - tells the boy that he is too young and inexperienced, but in each case the gods, or in David's case, God, comes to the young hero's aid and defeats the giant. Nestor, fighting on foot, then takes the chariot of his enemy, while David, on foot, takes the sword of Goliath. The victors pursue the fleeing enemy army and destroy them. Returning with their booty, the boy-hero is acclaimed by his people.

Big business has been portrayed as Goliath. This wicked-exploiter-of-weaker-people portrayal is made by statists and people consumed by malicious envy in order to tear down and enslave spectacularly successful hard-thinking, hardworking individuals.

Since only the government has the power to coerce, it alone has the power to become a Goliath.

Successful businessmen are like shepherds with many herds of sheep. In our world, there are four kinds of shepherds: the independent shepherds who desire a coercion-free existence, the lazy, the envious, and the sanctioners.

The lazy and envious shepherds clamor, ‘Goliath, we are weak and some of our fellow shepherds have taken advantage of us. Punish the independent shepherds. No one should be allowed to own many herds of sheep. Goliath, spread the sheep around.’

There are other shepherds busily working. Goliath calls their attention and says, ‘Look at the independent shepherds wallowing in sheep. They are greedy and selfish. If not for their avarice and exploitation, you wouldn’t have to labor so hard.’

‘They are robber barons,’ chorus the lazy and envious shepherds.

‘They are callous crooks,’ Goliath thunders. ‘They should be punished and shackled.’

The sanctioners stay silent.

Goliath whacks the independent shepherds. ‘You are evil – you profit from selfishness and greed. Therefore, half of your herds of sheep and your lands are hereby confiscated.’

‘Do not let them use water from the river,’ demand the lazy and the envious.

‘Granted,’ Goliath puffs up.

The lazy and the envious cheer as they loot the independent shepherds’ sheep and lands.

The independent shepherds continue working, thinking up new sources of water. They dig wells. They build small dams to capture rainfall.

Months pass. The lazy have consumed their loot of sheep; the envious have little left. They petitioned Goliath. ‘The selfish, greedy robber barons are growing more powerful. They are getting richer while we are getting poorer. Do something, Goliath.’

Goliath jails the most successful independent shepherd and tells the rest, ‘Every month, deliver two-thirds of your herds of sheep to me. Spend eighty percent of your time helping your fellow shepherds. Stop being materialistic.’

‘Goliath, their dams and wells constitute unfair advantage,’ the envious point out.

Goliath destroys the dams and wells, forcefully smacking down independent shepherds pleading for him to spare some.

Many independent shepherds escape and vanish. A few months after, no herd of sheep is left to loot.”

Everyone in the audience was quiet.

- continued in the next post

message 19: by Ilyn (last edited Feb 16, 2009 04:02PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
- continuation

“The sanction of the use of force in order to “do good” gives the government camouflage in terrorizing the most productive citizens into submission.

The Sherman Act, the competition or antitrust law, was named after its author, Republican Senator John Sherman. It passed in the Senate on April 8, 1890 by a vote of 51 - 1, unanimously (242 - 0) in the House of Representatives on June 20, 1890, and then signed into law by President Benjamin Harrison, a Republican, on July 2, 1890.

President Theodore Roosevelt, a leader of the Republican Party and of the Progressive Party, used the Sherman Act extensively in his antitrust campaign, including dividing the Northern Securities Company. President William Howard Taft, a Republican, used the Act to split the American Tobacco Company.

Only the government has the power to coerce. All coercive monopolies are created by government intervention into the economy. The Objectivist Newsletter of February 1962 wrote: ‘ Free competition enforced by law is a grotesque contradiction in terms .’

Under the Antitrust laws, no matter what a businessman does, he becomes a criminal. If he charges prices deemed too high, he is guilty of monopoly or the ‘intent to monopolize’; if he charges prices lower than those of his competitors, he is guilty of ‘unfair competition’ or ‘restraint of trade’; and if he charges the same prices as his competitors, they are all guilty of ‘collusion’ or ‘conspiracy.’”

Companies are charged with being “anti-competitive” under a variety of pricing policies. The drug companies are said to be guilty of setting prices that are too high; Wal-Mart of setting prices that are too low; the airlines of setting prices that are too similar.

Not a single antitrust law was repealed or amended under President Reagan. Industries deregulated under President Carter became subject to antitrust under the Reagan Administration. In 1985, more than a dozen executives from electrical contracting firms were jailed for antitrust violations.

After years of government strangulation, the US airline industry was substantially deregulated in the late 1970s. This industry flourished. “Price wars” proliferated and prices plummeted. The George H. W. Bush Administration filed an antitrust suit for “price fixing”, alleging that the major airlines fixed prices through technologically advanced fare and reservation systems, created by American and United. The Bush Administration forced these airlines to issue refunds and to share their reservation systems with competitors.

In 1993 during its push for socialized medicine, the Clinton Administration threatened the US pharmaceutical industry, the excellent mass-producer of affordable drugs, with an antitrust suit for “price gouging” and “excess profits”. Then, Mr. Clinton launched an attack against hospital mergers though they reduce medical costs.

Wal-Mart created a revolution in “discount retailing.” Its profits soared for selling name-brand goods cheaply. In 1993, it was found guilty under antitrust law of “predatory pricing”.

In 1994 under threat of being broken up, Microsoft was forced to disclose key operating system information to competitors.

The evils caused by the government are blamed on businessmen. While vilifying these rightless scapegoats, government touts the urgency to correct such evils and the need for wider coercive power.

The Antitrust laws have rendered businessmen rightless and have kept them under a silent, growing reign of terror.

The government established in the Insider Trading laws: unearned profits by force. Profiting from years of study and establishing goodwill with others is earned profit, but punishable with fines and imprisonment. Intellectual egalitarianism, the belief that the minds and the knowledge of all men must be equalized, is the root premise of full disclosure and insider trading laws.

Knowledge is good for everyone. Allowing intervention by force into the very process of gaining and using knowledge, like the regulation of financial information, is one of the most dangerous of all economic controls.

Brilliant wealth creators who never sought government help are malevolently called robber barons. This dishonest label is purposed to foster virulent animosity against successful producers. This enslavement tactic has had the desired result: the American people have condoned laws against bigness and spectacular success. The mark of evil is the advocacy and sanction of coercion.

For over a century, oppressive laws have terrorized American businessmen. Corporate America is under a bipartisan dictatorship.

A nation that rewards envy and punishes the best, relegating them as Royal Serfs, cannot long endure.”

message 20: by Nina (new)

Nina | 58 comments So much research must have gone into your book premise and continuation toward the end. I do hope your extremely hard work pays off; but if not, your heart and soul have been put to good use. Keep your spirits up. Will show rewards in the long run if not the short. nina

message 21: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Thank you so much, Nina. Best regards.

message 22: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
I updated message 15.

message 23: by Ilyn (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
Misrepresenting “How We Arrived at This Moment”

By Alex Epstein

What must be done to recover from this financial crisis? Barack Obama rightly stresses that we first must understand how today’s problems emerged. It is “only by understanding how we arrived at this moment that we’ll be able to lift ourselves out of this predicament."

Unfortunately, Obama (along with most of the Washington establishment) has created only misunderstanding. In calling for a massive increase in government control over the economy, he has evaded the mountain of evidence implicating the government.

For example, Obama’s core explanation of all the destructive behavior leading up to today’s crisis is that the market was too free. But the market that led to today’s crisis was systematically manipulated by government. Fact: this decade saw drastic attempts by the government to control the housing and financial markets--via a Federal Reserve that cut interest rates to all-time lows, and via a gigantic increase in Fannie Mae and Freddie Mac’s size and influence. Fact: through these entities, the government sought to “stimulate the economy” and promote homeownership (sound familiar?) by artificially extending cheap credit to home-buyers. Fact: most of the (very few) economists who actually predicted the financial crisis blame Fed policy or housing policy for inflating a bubble that was bound to collapse.

How does all this evidence factor into Obama’s understanding of “how we arrived at this moment”? It doesn’t. Not once, during the solemn 52 minutes and 5,902 words of his speech to Congress did he mention the Fed, Fannie, or Freddie. Not once did he suggest that government manipulation of markets could have any possible role in the present crisis. He just went full steam ahead and called for more spending, more intervention, and more government housing programs as the solution.

But a genuine explanation of the financial crisis must take into account all the facts. What role did the Fed play? What about Fannie and Freddie? To be sure, some companies and CEOs seem to have made irrational business decisions. Was the primary cause “greed,” as so many claim--and what does this even mean? Or was the primary cause government intervention like artificially low interest rates, which distorted economic decision-making and encouraged less competent and more reckless companies and CEOs while marginalizing and paralyzing the more competent ones?

Entertaining such questions would also mean considering the idea that the fundamental solution to our problems is to disentangle the government from the markets to prevent future manipulation. It would mean considering pro-free-market remedies such as letting banks foreclose, letting prices reach market levels, letting bad banks fail, dismantling Fannie and Freddie, ending bailout promises, and getting rid of the Fed’s power to manipulate interest rates.

But it is not genuine understanding the administration seeks. For them, the wisdom and necessity of previous government intervention is self-evident; no matter the contrary evidence, the crisis can only have been caused by insufficient government intervention. Besides, they are too busy following Obama’s chief of staff’s dictum, “Never let a serious crisis go to waste,” by proposing a virtual takeover of not only financial markets, but also the problem-riddled energy and health-care markets--which, they conveniently ignore, are also already among the most government-controlled in the economy.

While Obama has not sought a real explanation of today’s economic problems, Americans should. Otherwise, we will simply swallow “solutions” that dogmatically assume the free market got us here--namely, Obama’s plans to swamp this country in an ocean of government debt, government controls, and government make-work projects. But alternative, free-market explanations for the crisis do exist--ones that consider the inconvenient facts Washington ignores--and every American should seek to understand them.

Those who do will likely end up telling our leaders to stop saying “Yes, we can” to each new proposal for expanding government power, and start saying “Yes, you can” to Americans who seek to exercise their right to produce and trade on a free market.

Alex Epstein is an analyst at the Ayn Rand Center for Individual Rights. The Ayn Rand Center is a division of the Ayn Rand Institute and promotes the philosophy of Ayn Rand, author of “Atlas Shrugged” and “The Fountainhead.”

Copyright © 2009 Ayn Rand® Institute. All rights reserved.

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message 24: by Ken (new)

Ken (scete) How we arrived at this moment. Does not need any complicated discussion. The answer is greed, individual greed and corporate greed. Simple as that.

message 25: by Ilyn (last edited Apr 25, 2009 04:40PM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
There is only one evil greed: Greed for coercive power. Only the government has the power to coerce. The mark of evil is the advocacy and sanction of coercion.

The Declaration of Independence champions private greed.

message 26: by Ilyn (last edited Apr 19, 2009 08:25AM) (new)

Ilyn Ross (ilyn_ross) | 1071 comments Mod
A solution to the devastating loss of jobs: battle the camouflage used by statists to tyrannize: business’s Goliath image. Having a monopoly on coercive power, only the government can become a Goliath.

Government-Goliath has terrorized job creators for decades. Corporate America, the Royal Serf, is under a bipartisan dictatorship. The Republican and Democratic Parties champion extortion and coercion. Declaring war on productive citizens, both have arrogated the power to control and dispose of private property.

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