Friday, 24 June 2016

Post-Brexit Vote Aftermath

So, the British referendum happened and the voting public voted 51.9% in favour of exiting the festering dungheap that is the European Union. Immediately, those in the remain camp leapt into hysterics claiming that the pound was facing an imminent collapse because it took a dip. However, this, as with almost everything the remain camp have said, turned out to be nothing but pure scare mongering and outright lies. It is true that the pound took a dip, however, the British economy was still doing much better than previous months this year, as well as previous years.

Moreover, the pound was already beginning to recover the same time as all this doomsday prophesying was taking off. All this shows is an over correction to a market that predicted the wrong results. However, the more worrying thing was that the result of the referendum brought out the authoritarianism of all the liberals who voted to remain. I have read comments by incensed leftists who literally argued that we should have no say over matters such as this. They are literally arguing that the elites know what is best for us, and that certain categories of people should not even be allowed to vote in diatribes eerily similar to the speeches of Adolf Hitler and Benito Mussolini.

In other words, liberals who pay lip service to things such as democracy have basically revealed themselves to be closet fascists. We effectively have a generation of privileged adults who are terrified of not being ruled over. I always find it amazing how so many people who extol the virtues of democracy suddenly turn into authoritarians when they don't like the results. Of course, we do not live in a democracy. We live in an oligarchic kleptocracy where we merely pick who rules over us and robs us blind. I'm truly amazed and horrified at the amount of people who think that authoritarianism and centralised economic planning are good things. Have so many people truly never studied history? Have they not read of the horrors that resulted from the dark years of communism, socialism, and fascism? Are people so truly ignorant of history and the basic laws of economics? Have people seriously not read a single history book in their entire lives?

The elites absolutely do not know what is best for you. They absolutely care nothing whatsoever about you. They have nothing but pure and unadulterated contempt for you and everything you represent. You are nothing to them. You exist solely as an abstraction. A number on a spreadsheet. A variable in their equations. The only person who should get to decide how to run your life is YOU. Why do you think the elites are squirming? It's because they thrive on authoritarianism and centralised economic planning. Political power is a drug more addictive than cocaine, and these are the two things that keep the parasites in power. Institutions such as the EU serve nobody but the elite at the expense of the common man. There is no single example that goes against this. There is not one. Every single time in history authoritarianism and centralised economic planning have been tried, every single time they have led to utter disaster. The only difference between the EU and more totalitarian forms of authoritarianism is the amount of time it takes to bankrupt and destroy society.

To quote Rod Serling: “You walk into this room at your own risk, because it leads to the future. Not the future that will be, but one that might be. This is not a new world; it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom. But like every one of the super states that preceded it, it has one iron rule: logic is an enemy and truth is a menace… This is Mr Romney Wordsworth in his last 48 hour on earth. He’s a citizen of the state but will soon have to be eliminated. Because he’s built out of flesh and because he has a mind… Any state, any entity, any ideology that fails to recognise the worth and dignity and rights of man; that state is obsolete.
Instead of authoritarianism and centralised economic planning, we need devolution of power, and the freedom to engage in whatever voluntary interactions we like. There are only two laws that we need: (1) do not initiate force/violence against non-aggressors, and (2) keep your word when you make a voluntary arrangement with somebody. Nobody should have a say over how your run your life unless you consent.

Leaving the EU won't magically fix all the problems we are facing, but it is absolutely and at every level a step in the right direction. Already, there are talks of referendums in the Netherlands, France, and Italy. The Brexit vote is also likely to strengthen the position of the Swiss, who have voted against the 'free movement of peoples' that the EU wishes to impose on them. This is a massive crimp in the plans of the globalist elites. We need to keep hacking away at the remaining bureaucracy. Whilst the motivations for doing so aren't good, nevertheless, Northern Ireland and Scotland are talking of holding referendums about leaving the UK. However, more work is needed. Power needs to be devolved to more local governments. The house of lords should be replaced with a wholly elected body, and we should abolish the monarchy.

We also need to get rid of central banking. Central banks are the agents of special interests, whose job is to rob the population blind in order to prevent the bankruptcy of those who should, in fact, go bankrupt. They are responsible for artifical credit-induced bubbles that keep regularly tanking the economy. They keep printing tons of money and giving it to the banks, et al. which devalues the currency. (They don't describe it like that, of course, because printing money is the last resort of failing economic empires and banana republics). They keep setting interest rates artificially low, which distorts market signals and leads to malinvestment. We instead need to allow competition between banks and to resort to sound currency, i.e. gold and silver.

We also need to hack away at the massive amounts of regulations that exist in our country. Leftists insist we need regulations to protect us from 'greedy' corporations. However, it is big businesses, corporations, and other special interest groups who lobby government to pass these regulations, because they are the ones who stand to benefit the most. Why do you think they exclusively back politicians who support regulation? The idea that recessions are the result of de-regulation is provably false. The number of regulations have only increased. Secondly, recessions are caused by very specific government regulation, i.e. artificial credit-induced bubbles caused by money printing and artificially low interest rates. Moreover, the government makes far more in taxes than businesses do in profits.

We'd also need to massively cut back on government spending. Foreign wars and massive corporate welfare programs are an expense that the general public cannot afford. MP salaries and expenses could also stand to be massively reduced. If we do all this, we can then start to do other things, like lower taxes. Contrary to the political myth, the poor DO pay taxes, and they pay into a system that robs them of consent on how that money is spent and punishes their economic success. Once we did all that and economic conditions improved, people would no longer be so dependant on public welfare programs. We could scale back benefits and turn the NHS into a free market healthcare system similar to Switzerland's fairly easily. But hey, what do I know. I've only spent most of my life studying history and economics.

Monday, 20 June 2016

The Government Makes Me Want to Kill Myself

Even in an ideal society, i.e. one characterised by purely voluntary interactions, free from coercion, and free from the institutionalised initiation of force/violence against non-aggressors, life would not be easy or free from difficulty. However, many of the things that make life so difficult would either be much diminished or made non-existent. Government regulation and intervention in our economic and social lives provably makes our lives so much more worse, especially for those at the bottom of society, i.e. the poor and disabled, et al. As someone who is both poor and disabled, I feel the effects of statism every day. I have Asperger's Syndrome and Dyspraxia, and so am at a slight disadvantage. In a free society, I could feasibly overcome my disadvantages through hard work and dedication. However, the sheer devastation government has wrought on the economy essentially means that this is near impossible for those on the bottom rung of society.

To paraphrase Jorg Guido Hulsmann, central banks are the agents of special interests whose job is to rob the general population to prevent the bankruptcy of those who should go bankrupt. They devalue the currency, meaning it costs more to buy goods (since you now need more money, since it has become worth less than it used to). They also set interest rates artificially low, which distorts the signals entrepreneurs rely upon. The net result is malinvestment that artificially stimulates demands, causing a bubble. These frequent economic busts are the result of fiscal policy. If we had a free banking system and a gold standard instead of a central banking system and a fiat currency, currency would not be constantly being devalued, and many of the risky practices engaged in, such as fractional reserve banking, would either not take place, or would be much less widespread.

Aside from distorting money and the business signals investors rely upon, government also love to regulate. Whilst liberals insist that we need regulations in order to 'protect' us from 'greedy' companies, the reality is that corporations and big business are the ones who stand to benefit from government regulation. Whilst we are supposed to live in a system of 'representational democracy', where politicians make policy decisions on our behalf, the reality is that their sole concern is their own political power and how to maintain it. To quote Stefan Molyneux, "political power is a drug more addictive than cocaine". The sole goal of a politician is re-election, and the chief way to get re-elected is to go on the campaign trail (as the Americans put it). However, campaigning costs money and, despite having their lavish, decadent, and extravagant lifestyles paid for and funded entirely by the taxpayers, they're not going to spend any of their own money. Oh no, they have to rely on donations.

This is where the corporations, big businesses, and other special interest groups come in. These special interest groups fund politicians and, in exchange, the politicians will pass legislation favourable to those special interest groups. It is no coincidence that no special interest groups lobby libertarian politicians. Because lobbying cannot take place in a market free from government coercion. When buying and selling becomes regulated, the first things to be bought and sold are the regulators. Far from 'protecting' us from 'greedy' corporations, all regulations do is stifle competition, which in turn stifles innovation. The idea that companies succeed at the expense of everybody else and the resulting financial crises are due to 'deregulation' is provably false. For the number of regulations has only ever grown, and the cost of compliance has essentially made US citizens 75% poorer. The government also tends to provide massive subsidies to various failing businesses, which enables them to continue making the same palpable and egregious errors over and over again without cost to themselves.

The idea that things are expensive because companies are 'greedy' is simply borne from the utterly infantile and completely facile belief that we're only poor because other people are rich. As much as the economically illiterate think that profits are evil, the reality is that companies need profits in order to survive commercially. One industry that constantly gets flak is the fuel and energy sector, particular those that utilise oil. However, the government makes far more per gallon of oil sold than the oil companies do. Consider the price of a gallon of 'gasoline' in Los Angeles California. When fuel is $4.00 per gallon in Los Angeles, that includes all the taxes. Immediately, you have to pay $0.86 in taxes, as you have to pay the California state gasoline excise tax, the Federal gasoline excise tax, and the California state and Los Angeles country sales tax. So, $3.14 actually go to Exxon. We then apply the pre-tax corporate profit margin to this amount, and we are left with $0.53 in profits. However, Exxon have to pay taxes on their corporate profit, leaving Exxon with just $0.32 per gallon of gasoline sold, and the US government at a staggering $1.07 per gallon of gasoline sold. This is just the effects taxation have on price. This does not even take into account the devaluing of currency, or the effect of regulation upon operating costs.

Liberals and other economically illiterate buffoons will claim we 'need' welfare programs and minimum wage laws to 'help' the poor. However, private charity has done far more for me than welfare programs ever have. The only reason I have a roof over my head, have food, etc. is because I live with my mother. Had I to rely solely on benefits I'd most likely be dead. Welfare and benefits do absolutely nothing to combat rising prices and lower wages at all, since the causes of these things still exist. Minimum wage laws are even worse, since they essentially outlaw low paying jobs. It is essentially a form of price fixing, as wages are the price for your labour. Whenever the government sets prices above market level, it results in two things: increased costs, and shortages of goods. This is what we see happen when the government sets wages above market level: it becomes more expensive for companies to operate and so they put up prices, pay workers less, give workers less hours, or even lay workers off. Competition for the remaining jobs becomes much more fierce, and it becomes harder for people to enter the job market.

As economic conditions deteriorate and the government heaps cost after cost on the beleaguered companies, employers have to raise their standards. Where previously a degree would have sufficed, you now need a higher degree and/or x years of experience to even be considered. I have never managed to land a permanent job, and the longest temporary job I had was 13 weeks. Since then I was unemployed for a whole year until I got employed at McDonalds. However, I was incapable of passing the probationary period (based on their feedback, this was presumably down to the nature of my disabilities). I might have escaped the horrors of mandatory public schooling 11 years ago, but the nightmare of the current economic cesspool still remains. It is extremely depressing, and I constantly feel like killing myself because of it (don't worry, I never act on it). My only hope right now is to escape to Texas, however the emigration process is purposefully made difficult, and my application has been delayed a few more weeks due to government incompetence. You see, despite being told by the NVC that she had filed the right form and met all the requirements, the US Embassy told me something completely different, meaning we have to file the same form all over again. A classic case of the left hand not knowing what the right hand is doing. Right, I'm off to the kitchen to go eat some glass.