Democrats and the Invisible Hand

Wealth … is like a snake; it will twist around the hand and bite unless one
knows how to use it properly. – Clement of Alexandria, “The Instructor,” 3.6.34

What if Obama is elected and the Democrats win the House and a super majority of 60 in the Senate to prevent filibuster? What might the government look like then?

The odds makers only give one chance in four for a 60 seat working majority, so we are not likely to face this prospect. If it happened, would the Democrats take the opportunity and make major changes in government?

Jimmy Carter had a 60 vote majority to work with and did little with it. Clinton never had the majority, but he was determined to disappoint in any case.

Still, I will do my small part. I'll vote for Obama although the electoral college pretty well assures it is a futile vote in Texas. I'll vote for Noriega. I'll vote for Solomon. But I know we need something bigger.

What I want from the Democrats is an escape from the profit-motive, the afan de lucre, that I believe wrecks human relations and corrupts society.

American politics suffers the grip of the invisible hand about the throat. I've several times tried to wade through Wealth of Nations and I still regard Adam Smith warmly. I do believe the Butcher, the Baker and the Brewer provide benefit to one another by acting out of self interest, but, profit, as a religion, has done a great disservice to Adam Smith. Adam Smith would be shocked by the misuse of his work today, just like Jesus would be shocked by what passes for Christianity.

I do not acknowledge that greed is the best glue to bind society.

"Don't you believe in profit?" Or, "what's wrong with making a profit?" is now the universal conversation stopper. When the war profiteer or the storm price gouger or (most recently) the CEO who has just shut down his company with a golden parachute gets caught, he says pompously, "You do believe in profit, don't you?"

My answer is "No." Profit is nothing more than unjustly withheld wages. Or over-charged clients. Or cheated vendors.

How might we escape this invisible hand? I don't think we can change human nature. But I do believe we can recognize greed for what it is. It is not a virtue; it is a sin.

Bailout

The problem with the Bailout Issue is that so few of us have the tools to understand the issue. I consulted Brownsville's resident Marxist economist and although he generally opposed the principles of the bill, he would not render an opinion because he lacked the information. And he has a PhD or some such degree in economics from a school in France, where, he tells me, all the economics teachers are Marxists. But if he lacks the information to give me advice, how can I come to a conclusion?

I have not read the three page version, much less the 450 page version, nor am likely to do so. Nevertheless, I'm going to take a position against it. The only candidate I can find who opposes the bill who I can vote for is Noriega, but I would have voted for him anyway. Cornyn, Hutchinson, McCain and Obama all voted for the bill.

Solomon Ortiz first voted against the Bailout and then voted for it. Four who voted against the Bailout in the final version were Dennis Kucinich, Bernie Sanders, Lloyd Doggett and Russ Feingold.

On this issue, I trust Kucinich, Sanders, Doggett and Feingold more than I do McCain, Obama, Clinton, Cornyn and Ortiz.

I have been receiving e-mails telling me the Bailout is Marxist and socialist. However, all my socialist blogs and magazines are against it. Acorn and Jesse Jackson are against it. My question is, if it is socialism, why is the only socialist in Congress, Sanders, against it? Why is the Socialist Worker against it? Why are all the crypto-socialists against it?

So I join the Republican Congressmen and Uncle Tiger in opposing the Bailout bill. It's too late now, of course, we have lost. But this issue will raise it's head again.

I am as afraid of depression, soup kitchens and bread lines as anyone. The problem is, on this issue, I don't trust our party leaders, Democrat or Republican.