Wednesday, November 5, 2008

America's Next Growth Industry: Prisons

I certainly hope it doesn't get this bad, but I fear it may. The United States is going to have a new president. A clueless kid. As Thomas Sowell put it:

The kind of self-righteous self-confidence that has become Obama's trademark is usually found in sophomores in Ivy League colleges-- very bright and articulate students, utterly untempered by experience in real world...

For someone who has actually accomplished nothing to blithely talk about taking away what has been earned by those who have accomplished something, and give it to whomever he chooses in the name of "spreading the wealth," is the kind of casual arrogance that has led to many economic catastrophes in many countries.
America is about to change.

It won't happen right away. It may be barely noticeable, at first, but at some point you will think twice about doing something you do now without hesitation.

If Barack Obama is serious about sharing the wealth and bringing on bigger government, it is not going to be pretty. The greatest tyrants on the planet were big government socialists, Mao and Stalin at the top of the pack. Part of the reason they became tyrants is because the programs they instituted didn't work and thus surveillance and force were instituted.

Socialized healthcare won't work and could eventually result in black market healthcare with doctors ending up in jail. Other, regulations will make lawbreakers out of others who right now can't imagine that they will ever end up in jail. Ultimately, the broad based forcing of human action in a direction it doesn't naturally want to go has to be enforced at the point of a gun.

If you understand this, then Obama's recent call for a Civilian National Security Force is the scariest thing a freedom lover could hear.

On a best case scenario, Obama will go after only the producers in America. He has no concept of the value of producers. He sees it as "the neighborly thing to do", to take from them and give to the non-producers. This will have one impact and one impact only, it will result in the cutback in production. There will be less for everyone. Again, it will be barely noticeable at first, but less capital will flow to producers, and this will mean, in the beginning, an elevator or escalator that takes days instead of an afternoon to fix, and slowly the deterioration will become more obvious. Things just won't work as smoothly as they once did. Forget the excitement of new clubs or restaurants, or new style cell phones or automobiles. When a nation's capital structure is shrinking that stuff doesn't happen anymore.

It is going to be bad, just how bad remains to be seen, but the public at large is going to be in for a big, not very positive, surprise.

-Robert Wenzel


  1. Yes we can.

  2. Socialized health care won't work and could eventually result in black market health care with doctors ending up in jail.

    That is absolutely true. In order for Nationalized health care to work, it can't compete with a private system due to resulting anti-selection. As in other countries with nationalized health care, private carriers will be outlawed under the guise of preventing a 2 tiered system (i.e. one for the rich and one for everyone else) but that is only a ruse.

    One silver lining? In 1993, when somebody finally explained anti-selection to Hillary and Ira, they responded by proposing the criminalization of doctors taking on non-government program patients. That was the death knell for Hillary-Care. No guarantees this time, though.