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The Federalist Diaries

A Not-So-Divine Comedy, Part 3

No one can earn a million dollars honestly.
William Jennings Bryan, 1860 – 1925,
an American lawyer, statesman, and politician, three times the Democratic Party nominee for President of the United States.

The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.
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Capitalism is the astounding belief that the most wickedest [sic] of men will do the most wickedest of things for the greatest good of everyone.
John Maynard Keynes, 1883 – 1946,
a British economist whose ideas, called Keynesian economics, had a major impact on modern economic and political theory, as well as on many governments’ fiscal policies.  

After our Southern California fires in October, 2007, a news reporter noted that there would be increased activity for San Diego businesses because of the rebuilding.  

My father has a question for which the answer is less difficult than what we imagine.  He asks why, with all our technology, we have not found a solution to tornados and hurricanes, in light of the huge devastation.  Answer:  it is because of the huge devastation that we have not found a solution.  Devastation means rebuilding, which means stimulation to a local or regional economy.  

Besides the rebuilding, if we did a better job of fireproofing our homes and businesses, what would that do to firefighters and fire-equipment manufacturers?  If residents took control of neighborhood security and reduced crime, what would that do to police officers, attorneys, court clerks, court transcribers, judges, bailiffs, corrections officers, and suppliers to prisons?  

Morbid?  No.  Macabre?  No.  Mendacious?  No.  A maxim?  Maybe.  The ills of our society give rise to business, to jobs, to the exchange of money.  Many jobs would be lost if we had a perfect society.  (Side note.  It is interesting to note that in Christian Scripture this is not an issue for those of faith who inherit paradise on the new Earth.  One imagines that police officers, attorneys, physicians, and others would not be needed, so the faithful would have other occupations.  Willingly take other occupations?  Which other occupations?)  

There is the opinion that capitalism would be the worst form of economic organization except all those others which have been tried from time to time.  In other words, we could not do better than capitalism.  Yet, capitalism needs misery to keep going.  Not a comfortable feeling, unless we be willing to look for a form of economic organization which would be not as bad.    

January 10, 2008

 

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