Wednesday, 19 October 2011

Occupy Wall Street: You're Doing It Wrong

The Occupy Wall Street style movements continue, and I have, as of yet, still not seen anyone associated with aforementioned band of disorganised rabble-rousers promote a point of view that has any familiarity with basic economics. People are angry, which is understandable. However, people don't seem to know what it is they are actually angry with. Who/what is to blame for the current economic crisis? Well, allow me to tell you. Allowing government control over markets has opened the door wide open for lobbying. Corrupt politicians accept money from corrupt corporations to enact regulations favourable to the corporations doing the donating, thus creating monopolies, and choking the opposition. Whereas if the government had little to no control over the market, such Lobbying would not take place. After all, why would corporations give money to politicians if they can do nothing to benefit them? Allowing governmental control over trade is also deleterious to small businesses and companies. This is not just a result of lobbying. For instance, if one corporations gets exposed as doing all sorts of horrendous things and there is a public uproar that the government step in a do something, whilst the new regulations will stop this corporation, it will make it harder for businesses that do not. The last aspect of all of this, government bail outs. When banks, and corporations go under. It does not affect taxpayers in any way. When the government steps in and bails these banks and corporations out, then it affects us, because governments get their money from taxpayers. Now, what system does this most sound like to you? The Occupy Wall Street crowd seem to think capitalism is to blame. This is, of course, the wrong answer. Government control over trade regulations, government intervention in corporate affairs, and government bail outs are a form of class war against working people, and the lower classes. However, far from being capitalism, these things are the trademarks of socialism. Socialism is when the means of trade, salaries, the means of production, etc. are controlled by the government. As such, this requires a big government with maximal control, which opens the door for lobbying (and possibly outright fascism, which is an extreme authoritarian political ideology where the government is a single party totalitarian government.) In capitalism, the market is free from government control. Trade regulations, prices, salaries, et al. are not set by the government. In such a systems, banks and corporations who fail economically are left to die. The shareholders lose out, but the people do not suffer. The assets of these corporations are picked up and new corporations rise. So, how did we get into this mess? Easy: socialism and big government. If you want to blame someone, blame the politicians who obsequiously agreed to rescue the banks and corporations from the consequences of their own poor decisions. Blame those who, despite their palpable failure, are determined to do exactly the same thing over and over again. In order for us to progress economically, we need to limit government control over the market.

Now, a second target of the Occupy Wall Street are "the rich." I keep hearing complaints about the top 1% or top 10%. The top 10% of earners in the UK pay for 53.3% of our income tax, with the top 1% paying 24.1%. Without these people, our economy would collapse. Of course, these people complain about being "in poverty" and continue to attack "the rich" when they have smart phones, broadband internet connections, places to live, cars, Netflix subscriptions, DVD and blu-ray players and movies, computer and video games and consoles, HD TV's, Sky television, etc. A sizeable portion of them also waste money on things such cigarettes, alcohol, fast-food, marijuana, and the like. A lot of these people use sites like Facebook (which has it's origins in a stolen idea and a long of history of a "screw our users and their 'privacy', we only care about advertising profits" mentality), purchase smart phones manufactured by such "small" and "noble" corporations like "Sony," and own vehicles from large (but certainly not corrupt in anyway) auto-makers like "GM." And all these celebrities/musicians lending their support? They all work for corrupt and greedy Hollywood studio's or the RIAA. In fact, it was stupid people spending money they did not have on things they did not need which is part of the reason why we are currently having a recession. It all started with credit companies and the like giving money out on credit to people with poor credit ratings. Whilst the credit companies can of course be blamed, it was the chubby-fingered idiot who took out a load of money on credit so they could go on holiday to Málaga, despite not being able to afford to pay it back. The main target should be corrupt politicians. As long as politicians are meddling with the market, this will lead to all sorts of disastrous economic crises. Socialism is a singular failure; communism is even more so. Furthermore, the less the government controls, the less money they need, therefore the lower our taxes will be. Corrupt corporations will suffer the full results of their own failings and will go under without corrupt politicians to bail them out, and it won't affect the taxpayer's at all.

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