The other day an old friend asked , "What are we going to do about that party they got going on down in Washington? It don't matter who you send there!"
Yup. What about affordable government?
What's clearly on Display in our financial crisis are the evils of Capitol-ism.
I've long thought that the Democrat Party, the National Media and the Federal Bureaucracy are knotted together by self interest and a shared belief in their own importance. Republicans, too, can join them in the knot and often do. Today they form their own political party, the Washington Party, that works to move ever more power to the capital and to the "national centers" -- be it information centers (New York, D.C.), financial centers (New York, Chicago), or entertainment (LA). Basically, for the Washington Party, all problems are national and all problems have a national solution -- and they use the media to bring you along. Your kids go to a lousy school? Look to Washington for the answer, not your local community. This is the platform of "The Washington Party."
The ideology of the Washington Party is Capitol-ism. For a Capitol-ist, both state power and economic power are centered on Capitol Hill in Washington DC, where the inhabitants of the corridors of power meet and bargain. Their preferred form of economic organization is the cartel, sometimes organized by government but always controlled by members of the Washington Party. These new Cartels function much like the old ones -- except they focus on shielding mediocrity (by emphasizing credentials over performance) as well as creating abnormally large benefits for the members.
Of course Cartels are illegal, but only when non-members of the Washington party try to organize them. As we "fight" global warming the Washington Party will organize Carbon Cartels that will dominate the entire economy. These will be promoted as life-saving "Cartels of Caring": it is not about screwing you and benefiting them, it is about saving the planet.
All the institutions at the Center of the Washington Party have scandals connected to them where the national "watchdog" media is late to the scene. When they arrive they start tampering with evidence, and then issue reports with mistakes and omissions that point to conclusions that lie in one direction -- a direction favorable to the Washington Party and the system of Cartels it creates.
If there is a problem with the free market the answer is regulation. If their is a problem with the regulations the answer is more regulation. Problems with the additional regulations require yet more additional regulations. It's a one way ratchet -- at least until the whole rickety structure is about to collapse. Then there is a half-assed deregulation, followed by a collapse which is then blamed on the Free Market. In California ten years ago they "deregulated" the electricity market but kept the price controls in place. This was not an example of deregulation. This was an example of stupidity -- or brilliant bureaucratic strategy. When the doo-doo fell into the wind tunnel and the lights went out in California there was someone else with poo-poo on their face.
The Federal Fannie and its spawn, Frantic Freddie are at the Center of the subprime mortgage mess. Congress constructed a Fun House at the corner of Broadway and Wall Street where low showmanship and high finance meet. Fannie and Freddie were the host, and they brought the good faith and credit of the American people in there to play. In those mirrors everyone looked fat and solvent. The Fat and Frantic Feds were the center of the "Cartel of Caring" which screwed the people it was alleged to help and greatly enriched members of the Cartel. Even now rule one is: protect the Washington Cartels.
So naturally it is reported as if the fault were in the private economy. The Mainstream Media is a wholly owned subsidiary of the Washington Party. The Federal Fannie is already sitting on health care -- another Cartel of Caring. They want of feed it a much bigger slice of the pie -- in fact, the whole banana cream pie -- so if you think it is heavy now, just wait.
Belmont Club » Just so
The Heart and Soul of Capitol-ism is "The Caring Cartel." The business of the Cartel is not the general welfare, but the welfare of the Cartel. In the Cartels of Caring the clerks who run them are king. Barney Frank is an alpha clerk. Clerks cut free of their middle class masters ( and resentful of them) now run government, finance and Eduction. They give Western Civilization the soul of a Clerk.
Check the box.
Yup. What about affordable government?
What's clearly on Display in our financial crisis are the evils of Capitol-ism.
I've long thought that the Democrat Party, the National Media and the Federal Bureaucracy are knotted together by self interest and a shared belief in their own importance. Republicans, too, can join them in the knot and often do. Today they form their own political party, the Washington Party, that works to move ever more power to the capital and to the "national centers" -- be it information centers (New York, D.C.), financial centers (New York, Chicago), or entertainment (LA). Basically, for the Washington Party, all problems are national and all problems have a national solution -- and they use the media to bring you along. Your kids go to a lousy school? Look to Washington for the answer, not your local community. This is the platform of "The Washington Party."
The ideology of the Washington Party is Capitol-ism. For a Capitol-ist, both state power and economic power are centered on Capitol Hill in Washington DC, where the inhabitants of the corridors of power meet and bargain. Their preferred form of economic organization is the cartel, sometimes organized by government but always controlled by members of the Washington Party. These new Cartels function much like the old ones -- except they focus on shielding mediocrity (by emphasizing credentials over performance) as well as creating abnormally large benefits for the members.
Of course Cartels are illegal, but only when non-members of the Washington party try to organize them. As we "fight" global warming the Washington Party will organize Carbon Cartels that will dominate the entire economy. These will be promoted as life-saving "Cartels of Caring": it is not about screwing you and benefiting them, it is about saving the planet.
All the institutions at the Center of the Washington Party have scandals connected to them where the national "watchdog" media is late to the scene. When they arrive they start tampering with evidence, and then issue reports with mistakes and omissions that point to conclusions that lie in one direction -- a direction favorable to the Washington Party and the system of Cartels it creates.
If there is a problem with the free market the answer is regulation. If their is a problem with the regulations the answer is more regulation. Problems with the additional regulations require yet more additional regulations. It's a one way ratchet -- at least until the whole rickety structure is about to collapse. Then there is a half-assed deregulation, followed by a collapse which is then blamed on the Free Market. In California ten years ago they "deregulated" the electricity market but kept the price controls in place. This was not an example of deregulation. This was an example of stupidity -- or brilliant bureaucratic strategy. When the doo-doo fell into the wind tunnel and the lights went out in California there was someone else with poo-poo on their face.
The Federal Fannie and its spawn, Frantic Freddie are at the Center of the subprime mortgage mess. Congress constructed a Fun House at the corner of Broadway and Wall Street where low showmanship and high finance meet. Fannie and Freddie were the host, and they brought the good faith and credit of the American people in there to play. In those mirrors everyone looked fat and solvent. The Fat and Frantic Feds were the center of the "Cartel of Caring" which screwed the people it was alleged to help and greatly enriched members of the Cartel. Even now rule one is: protect the Washington Cartels.
So naturally it is reported as if the fault were in the private economy. The Mainstream Media is a wholly owned subsidiary of the Washington Party. The Federal Fannie is already sitting on health care -- another Cartel of Caring. They want of feed it a much bigger slice of the pie -- in fact, the whole banana cream pie -- so if you think it is heavy now, just wait.
Belmont Club » Just so
Western civilization is dying a death by a thousand cuts. The quest for perfection has become such an obsession that it is sought even at the cost of basic functionality. A friend who works at big name consulting firm said that so much attention is focused on ensuring compliance — checking off boxes, making sure that everything is gender-friendly, green, non-racist and whatever else — that sound business is almost an afterthought. In this modern world it’s alright to have something that doesn’t work, as long as it’s perfect.
The Heart and Soul of Capitol-ism is "The Caring Cartel." The business of the Cartel is not the general welfare, but the welfare of the Cartel. In the Cartels of Caring the clerks who run them are king. Barney Frank is an alpha clerk. Clerks cut free of their middle class masters ( and resentful of them) now run government, finance and Eduction. They give Western Civilization the soul of a Clerk.
Check the box.
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