How do I know this? I have read Adam Smith's "The Wealth Of Nations." I kept hearing about it in my economics class, I saw it mentioned by favorite newspaper columnists (both pro and con), and I decided to check out the hubbub. The nicest way to describe the book is "pipe dream". It lays out the foundation of capitalism, that people who make the best quality goods for the best price are rewarded with riches in the marketplace.
This is bullshit.
Anyone who spends any time reading the papers knows that NO ONE believes in that. They game the market. They use advertising to create brand loyalty regardless of quality. They grandfather themselves into laws that newcomers must follow, forcing them out so they can retain control. Tariffs. Strongarm tactics. For people who talk about the beauty of the free market, they do everything they can to keep it in chains.
In short, no one who has read The Wealth Of Nations and has a brain in their head believes it is any kind of economic foundation, and that we need government to keep the Captains Of Industry from just turning us more into money spiggots than we already are....
Oh...hi, Rand Paul.
I'm starting to get real sick of him and his so-called "populist" cache. The guy rode into office on the coattails of his dad, Ron Paul, and the flailing of the weekend warriors of politics, the Tea Partiers. He has repeatedly demonstrated that his are the politics of bitching and moaning. He makes Ayn Rand look like the Dali Lama.
President Obama held his State Of The Union address last night. I don't usually pay attention because it's just an excuse for political emotionalism, both for the dominant party (in this case, the Democrats) and the opposition (in this case, the Republicans). Everyone shoots their mouths off about how the others don't get it and everyone goes home in preparation for more gridlock the next day.
And here comes Rand Paul with the "official" Tea Party response. He starts off strong with....
"It is often said that there is not enough bipartisanship up here. That is not true. In fact, there is plenty of bipartisanship. Both parties have been guilty of spending too much, of protecting their sacred cows, of backroom deals in which everyone up here wins, but every taxpayer loses."
Okay...so far, so good. Perfectly generic "Down With The Establishment!" politicking that never goes out of style. What else?
"What the president fails to grasp is that the American system that rewards had work is what made America so prosperous."
Uh...dude? What made America prosperous was exploitation, land and control of routes for the railroads, industries before labor unions...that's a pretty dangerous direction you're going in. Do you want to adjust your course?
"What America needs is not Robin Hood but Adam Smith."
I am so glad Rubio is becoming the face of the Republicans and not this clown.