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Is an Economic Deluge Nigh?
Financial Sense Online ^ | 5/4/12 | David Galland

Posted on 05/04/2012 7:27:31 PM PDT by Mr. Jeeves

If history has taught one certain lesson, it is that the less fettered an economy, the better humankind is able to do what it does best: run from trouble and run toward opportunity. In this way mistakes are quickly resolved and progress assured.

Conversely, the deeper the muck of regulation, mandates, taxes, subsidies and other bureaucratic meddling, the slower we humans are in following our natural instincts until the point that progress is slowed or even stopped.

It is said that history doesn't repeat itself, but it often rhymes. In the current circumstances, it appears that enough time has passed that current generations have completely forgotten the critical connection between the ability of humans to freely pursue their aspirations and economic progress.

You can see this ignorance in the popular demand for even more, not less, meddling in the affairs of humankind. Should this trend continue – and for reasons I will touch on momentarily, I firmly believe it will – then the aspirations of the productive minority will soon be dampened by ever higher taxes and other attempts to "level the playing field" and the global economy, already in tatters, will fall off the edge.

(Excerpt) Read more at financialsense.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: economy; fsa; inevitabledoom
The money quote, from one of our highly educated public school graduates:

"As human beings, we are not really responsible for our own acts, and so we need government to control those who don't care about others." -- Essay on government assistance, by a student at Valencia College

The analysis of Sarkozy's forthcoming loss in the French presidential election is equally disheartening.

1 posted on 05/04/2012 7:27:48 PM PDT by Mr. Jeeves
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To: Mr. Jeeves

It’s human nature. Successful republics always fail from too much success.


2 posted on 05/04/2012 7:31:32 PM PDT by gorush (History repeats itself because human nature is static)
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To: Mr. Jeeves

No but there is probably nigh a deluge of bloggers who say nigh instead of near when near would do just fine.


3 posted on 05/04/2012 7:35:18 PM PDT by Larry Lucido
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To: Mr. Jeeves

There appears also nigh a deluge of blogs posted under News when they should be posted under Bloggers.


4 posted on 05/04/2012 7:36:47 PM PDT by Larry Lucido
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To: Mr. Jeeves

Twas a dark and stormy nigh.


5 posted on 05/04/2012 7:51:59 PM PDT by RegulatorCountry
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To: Mr. Jeeves

Excellent article. Thanks.


6 posted on 05/04/2012 7:58:25 PM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: Mr. Jeeves

Well we can’t say we weren’t warned.


7 posted on 05/04/2012 8:08:35 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Mr. Jeeves

Hard to argue with the article. We are in really bad shape and it will take a long time to reverse the trend of ignorance and socialism that pervades the West if we don’t collapse under the weight of it all.


8 posted on 05/04/2012 8:09:50 PM PDT by volunbeer (Don't worry America, our kids can pay for it!)
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To: RegulatorCountry

Hilarious!!!


9 posted on 05/04/2012 8:19:57 PM PDT by Mortrey (Impeach President Soros)
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To: Mr. Jeeves
An interesting observation by the author: The very brainwashing of the school children in the public schools for the last 50 years makes the necessary remedies to our dismal financial situation well nigh impossible to implement. For the masses have come to expect far too much from their governments; they will revolt at any attempt to meaningfully reign in public spending.

I'm hoping the S doesn't HTF during the remainder of my life...but it's becoming a faint hope. Like the guy said, this will get ugly.

10 posted on 05/04/2012 8:56:15 PM PDT by citizen (Obama blames:arab spring,banks,big oil,bush,ceos,christians,coal,FNC,Jpn tsumani,T Party,wall st,you)
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To: Larry Lucido
No but there is probably nigh a deluge of bloggers who say nigh instead of near when near would do just fine.

Heh. The end is nigh!

11 posted on 05/05/2012 3:33:35 AM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: gorush

I’ve said this so many times now, I’m going to turn blue in the face. In evolutionary ecology, free resource availability in a population (think of a productive society, where nobody has to demonstrate fitness to acquire the resources necessary to survive and mate) produces r-selection, which culls the population for a psychology averse to competition, cowardly, promiscuous, prone to single parent, and prone to support early sexualization of the young. THis si all an attemtp to produce as many cheap offspring as possible, to out-reproduce everyone else. Since no one has to demonstrate fitness to acquire the free food, they eventually trade off the fitness for more kids. Kind of like the free grass availability every rabbit has, has culled their species for this pacifistic, promiscuous, low-investment parenting psychology, and turned them into a potentially invasive species, if the predation were removed.

Resource shortage forces everyone to demonstrate fitness, to acquire resources (else they be denied resources through an inability to compete for them). This produces a psychology which is competitive, fearless, and which strives to produce ultra fit offspring (to see their genes pass forward), through carefully selecting a highly fit mate, monopolizing their fitness through monogamy, raising offspring carefully for extended periods using high-investment, two-parent child rearing (to protect them, and make them as fit and capable as possible, so they can acquire resources), and which discourages young from entering the mating market, until they are fully mature, and not likely to get killed in the aggressive, competitive, K-selected environment. Here, parents stop trying to produce a lot of cheap kids, and just focus on producing a small number of highlf fit kids, since only the fit will survive and mate.

You really can’t understand politics without understanding r/K Selection Theory. Liberals are just the r-type portion of our populace, while Conservatives are the K.

So a population succeeds, and produces successfully. It then creates an r-selected environment, where every idiot and their brother can get free resources due to the excess productivity. Suddenly the population which grows the fastest is the prolific r-type welfarites, who just eat government cheese, and have fifteen kids, each generation dumber and more prolific than the last. It’s the movie Idiocracy in action.

Except, before we get to President Camacho, the welfarites become so burdensome on the system, that the producers can no longer support them, and they collapse the society. THis creates resource shortage and K-selection, which eventually resets the clock back, so the cycle can begin again.

It’s funny to see the exact same thing in nature, in other species. I now think of the Democratic Party like our own invasive species. Give them free resources, and watch them explode in number, and collapse the ecosystem. Then watch resource shortages reset everything so we can take the ride again.

Nice Nick BTW.


12 posted on 05/05/2012 6:02:40 AM PDT by AnonymousConservative (Why did Liberals evolve within our species? www.anonymousconservative.com)
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To: AnonymousConservative
Except, before we get to President Camacho, the welfarites become so burdensome on the system, that the producers can no longer support them, and they collapse the society. This creates resource shortage and K-selection, which eventually resets the clock back, so the cycle can begin again.

Camacho would be a hundred times better than Obama... :)

Conversion back to a K-selection environment, though, will likely require the starvation or murder of tens of millions, not all of them from the criminal classes. Our public-school educated rabbits aren't going to be able to make the transition - when confronted with the eventual reality of food and water shortages, they will start eating each other. 'Atlas Shrugged' even glossed over that eventual end-game, after the lights finally went out in New York.

It's sad to think we may have to go through dark decades of Stalin/Hitler/Mao style genocide before a reset of the ecosystem can even be attempted.

13 posted on 05/05/2012 7:31:52 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves

“Something Wicked This Way Comes”


14 posted on 05/05/2012 10:20:59 PM PDT by The Duke
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