Wednesday, March 24, 2010


IMHO we are witnessing Socialism's last hurrah. It is my considered opinion, forged over many years, that the global economy is set up for absolutely catastrophic collapse in what amounts to a multi-century-scale Black Swan event (but it's not like you couldn't see this one coming). Folks in general have been all in favor of creeping socialism because they actually rather enjoy picking their neighbor's pockets. But when in the implosion we reach a point where there is absolutely nothing left to be had, and when all welfare-state promises worldwide have self-evidently amounted to nothing but a ludicrous pipe dream, and government is widely seen as an entirely useless destroyer of limited resources, chock to the brim with petty tyrants, freeloading public union leeches, and pathological con men, then, and only then, will most folks be ready to try something different.

Winston Churchill once said something along the lines of (and this applies to citizens of all the "advanced" socialist industrial powers):

"Americans can always be counted on to do the right thing, once they've exhausted all other alternatives."

So from where I sit, I don't worry in the slightest what the long term consequences of this latest f*ckover are going to be, simply because the cake is already baked, the train left the station a long time ago, the ship has already hit the iceberg, and there simply does not exist another five or ten years for anything to play out before the genuine gotterdammerung is upon us. In the event, the federal government will be rendered absolutely, visibly, and irretrievably unable to deliver on any of its promises, and will have thereby lost most of its reason for being.

This is not 1933, when the nation embarked on something that had never been tried before and under terms that would allow the pyramid scheme to run for most of a century. Nor is this 1965, when the nation was at the absolute peak of a no-smoke-and-mirrors prosperity. Instead, the current scam is being foisted in 2010, in the midst of the exponentiating collapse of all the previous schemes. As such, it will have almost no chance of success.

One simply cannot run a successful con if the mark's pockets are already empty from the previous cons.

The commies in Congress remind me of folks who have just noticed that the tide has suddenly gone way, way out. Instead of reflecting on what it portends, they rush into the newly uncovered sea bed to see what kind of treasures they can gather up. In all their childish excitement, they don't notice that the entire edge of the horizon has taken on an eerie white sheen. They are wholly oblivious that their fate is now absolutely assured. While most of them have no idea that the game is damned near up, the worst of them do, but they are confident that they still have plenty of time to grab some lobsters before the wave arrives, and maybe get some amusement picking the pockets of all those standing around gaping at the starfish.


Warren said...

A thought-provoking post, with good metaphors and imagery. You might well turn out to be right, but I for one am sceptical.

What you say seems untrue of Western Europe, at least. There, they have seen for a long time that their socialist paradise can't last much longer, but they don't give a damn. They believe in nothing, care about nothing, except living an easy (if shabby) life at the moment. They are, for the most part, quite content to see their whole civilization die around them, with the Muslims left to feed on the corpse. The minority who are not content with this state of affairs tend to revert to nationalistic fascism and violence, but they won't be able to change the final outcome (except to make it even uglier).

America is not Western Europe, it's true. But I think we're ultimately headed to the same place. It'll take quite a bit longer, that's all, and there will be revivals (like the one brewing right now) along the way. But the number of Americans who think like Western Europeans will eventually reach a critical mass, and at that point no power on Earth can stop things from running their course, all the way to the end.

I sincerely hope that you are right and that I am wrong.

Matteo said...

My intuition is that the scale of the event will be large enough that it will completely blow out the categories that we're used to thinking in. So far, the scams have worked without producing catastrophe, and that's why they have been tolerated. Let's be honest: thus far (in America, anyway) it has simply never been a truly burning, immediate, existential necessity to kick government to the curb, and so it hasn't happened. Thus far.

IlĂ­on said...

That which cannot go on shall not.