In the nature of man few things change over time. We often hear that the challenges with sin of man as encapsulated in the bible from thousands of years ago remain. Only his material condition that allow him to travel further and faster has changed. In my observation the economic behavior of man and society does not change over time either.
The old grey men in our books - Smith, Marx, Keynes and Hayek merely documented what was before them per their perceptions. They did not create their works any more than those who created the language of chemistry or calculus can have claimed to have created the underlying subject which their language describes. The common thread is that each of them attempted to MODEL AND ELEMENT OF THE REAL WORLD.
In the world of modern economics and related policy - the intent is to both model the real world of today and to mold it into a favorable form. Just as the smelter of steel must know something about the characteristics of the material he is working with, he must also apply the appropriate forces by which to mold it.
As I listen to the various operatives arguing back and forth on our latest dust up - Health Care - the issue of PROFITS keep getting thrown up. Those who insert this into the conversation make the case that one man's desire for profits should not preclude another man from seeking access to health care services. In effect - the profit motive is a barrier to certain social justice rights. The presence of gross profits are not a sign of innovation but instead a sign of market imbalances. Those who support this view call upon the government to step in as the middle-man to regulate the profiteers - opening the floodgates of the dam that has been artificially queued up by market manipulation.
As I listen to them I notice that many of them focus upon the "demand side economic" aspects of the debate. There is an abundance of need and this need must be fulfilled. They appear to be oblivious to the underlying messages of what the DEBT that is generated when these social entitlements are erected. Instead of noting that the existing three large entitlement programs are the primary forces triggering our national debt (Social Security, Medicare and Medicaid) they instead focus on the great benefits to society that these programs have rendered.
If PROFIT is evidence of a market imbalance - what is it that DEBT indicates?
Clearly DEBT indicates that a person or a group of persons are consuming at a point beyond which their productive means can legitimately afford them to do so. Since we know that government is often used as the agent by which PROFIT is suppressed so that more people can benefit (most time the progressive tax policy targets the mountain of PROFIT in order to "regift" it)........what is the corresponding agent that punishes DEBT?
ANSWER - the Financial Markets!!!
I have previously noted that despite the fact that the nations of Laos, Chad and Guatemala are free to dictate that henceforth all services in their nations are "rights" and free to all - their words are instantiated into an actual standard of living for the people IF there is system of economic financing that backs these services.
In America and all of the other "high order" nations which can point to their advanced system of health care and social services which translate into their "standards of living" DEBT is a common characteristic in each of them. By definition DEBT must be held by some entity and interests payments must be made to service this DEBT. An entity loses its creditworthiness once investors fear that the working capital resource that they possess - the bond that represents this debt - will never be repaid. (or more accurately the income from the continuous interest payments will stop or the underlying currency that these payments are made in is made worthless).
Using My "The Universe Has Turned On Itself" Metaphor - profit and deficit / government and corporations are all ultimately tied at the hip. Though I might prefer one over the other - our debates center around the point at which our own sensibilities reside on the Cartesian grid upon which both are plotted upon.
The key distinction between people who operate from a particular point of advocacy is that which they claim to be marching for. All seem to be fighting for honor and justice. This despite them being on opposing teams. No different is this from the parallel prayers to Jesus that takes place in the locker rooms just prior to a battle between two teams.
Thus it stands to reason that we can't accept the notion that one's ideological preferences alone should be the evidence of his own propriety.
Instead:
- The Sustainability Of His Ways (Endurance)
- The Organic Development Of The People Who Live Within
- The Environmental Impact
- The Scale Of The Solution
All of these must be critical points by which to evaluate the appropriate points on the line.
For me personally - the system that develops the people, allowing those who had been SERVED to become PROFESSIONAL SERVICE PROVIDERS is superior to the others. The scale will come as an abundance of these service providers are created and then are propagated elsewhere. Environmental impact can be mitigated as they use their same scientific discipline that got them this far to resolve this new round of problems.
By comparison - the "Being In Receipt of Service" model can only merely spreads enumerated demand for service.
National Debt Around The World (That Will Imperil The Delivery Of "Social Justice")
National Debt Around The World (That Will Imperil The Delivery Of "Social Justice")
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