I noted this in RedHot yesterday – a great Mark Steyn column, as usual, on Greece and what it means:
From the Times of London: “The President of Greece warned last night that his country stood on the brink of the abyss after three people were killed when an anti-government mob set fire to the Athens bank where they worked.”
Almost right. They were not an “anti-government” mob, but a government mob, a mob comprised largely of civil servants. That they are highly uncivil and disinclined to serve should come as no surprise: they’re paid more and they retire earlier, and that’s how they want to keep it. So they’re objecting to austerity measures that would end, for example, the tradition of 14 monthly paycheques per annum. You read that right: the Greek public sector cannot be bound by anything so humdrum as temporal reality. So, when it was mooted that the “workers” might henceforth receive a mere 12 monthly paycheques per annum, they rioted. Their hapless victims – a man and two women – were a trio of clerks trapped in a bank when the mob set it alight and then obstructed emergency crews attempting to rescue them.
Read the whole thing. Unfortunately, we have things like this happen here, too, and yet it’s the Right that gets accused of “sedition” for daring to criticize the domestic policies of the President. But the underlying fiscal problem of a private sector straining under the weight of an ever-expanding government is taking its toll here as well, as USA Today reports that private-sector paychecks have hit a historic low percentage of household income:
A record-low 41.9% of the nation’s personal income came from private wages and salaries in the first quarter…Individuals got 17.9% of their income from government programs in the first quarter…Programs for the elderly, the poor and the unemployed all grew in cost and importance. An additional 9.8% of personal income was paid as wages to government employees.
In other words, that’s 66 cents of spending on government wages or transfer payments for every dollar of private-sector wages. As we see from the Greek example, that’s not just economically but socially unsustainable, because it creates two classes of people locked in a zero-sum pie-dividing exercise – a much larger and more lethal social problem than the traditional struggle between private-sector labor and management, in which there is at least some sense that both sides are engaged in a common productive enterprise.
Steve Maley
KnightsofMalta
I know that...You know that... Why doesn't
Hugh (Diary) Tuesday, May 25th at 11:19AM EST (link)everyone else know that we are on a collision course with total chaos. This airplane that we call the world economy is losing altitude and there are some high mountains ahead. I am in the investment business. A joke was circulating recently of what to buy as an investment. Answer was ammo and canned goods. Unfortunately, there is an element of truth to that. The socialist government mentality cannot be sustained. It will get ugly when, not if, it is corrected. There is no choice other than reduce or/or eliminate the entitlements that are prevalent both here and in Europe.
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
Thomas Sowell
I'm convinced...
cwilson (Diary) Tuesday, May 25th at 1:23PM EST (link)this administration views “a collision course with total chaos” as a GOOD thing. If you wanted to destroy the American financial system, what exactly would you do differently than Teh Won has done? Take over large sectors of the economy? Promise no-risk profits and endless bailouts — thus encouraging ACTUAL risky behavior on the part of the bailout recipients? Take advantage of public unrest to force thru massive government control of the financial sector (as recommended by Gramsci)? Piss off every ally we have, while cozying up to murderous dictators? Borrow more money than his “spendthrift” predecessor in 8 years, in just one? And then on top of THAT, commit our government to $2.5T in health care spending, when we’re already maxing out our Discover card to pay off the Visa card which we previously used to pay off the MasterCard — while re-running up the Visa and MasterCard balance too?
These people are not stupid, and they are not insane. They have a reason for doing all of this.
If “you don’t ever want a crisis to go to waste; it’s an opportunity to do important things that you would otherwise avoid”, then the bigger the crisis, the bigger the opportunity.
We now have Thomas Friedman opining in the NYT that he wishes Obama could be “dictator for a day” to “fix things” — waxing rhapsodic about the wonders of Chinese Communism. We have Woody Allen wishing Teh Won could be “dictator for a few years”. These people — leftists, Obama supporters, Obama administration members — hate freedom, hate our representative republic, and lust after absolute power. Because, apparently, having the White House, an (almost) filibuster-proof majority in the Senate, and a huge majority in the House — just isn’t enough, because those office holders, unfortunately, have to worry about the voters too often.
This is dangerous. Dangerous to America.
Of course, this idea did not originate with Rahm Emmanuel. There is a long history of leftist nihilists who espoused similar views, from Marx to Lenin to Mao, who believed the capitalist system must experience complete collapse before the proletariat would rise up and implement the glorious worldwide worker’s paradise through revolution against the failed capitalist plutocrats. They only differed on whether to let “historical inevitability” take care of that, or whether they should…help it arrive through “direct action”.
This has echoes in some Christian cults of the 19th century (and their Gnostic antecedents) who wanted to “immanentize the eschaton” — as well as the radical shiites in control of Iran who want to bring on world global conflict in order to enable the 12th imam to return.
I believe Obama’s handlers WANT to crash the economy, wreck the government’s finances. We view Greece as a cautionary tale; they view it as the goal. After the collapse, then they can pick up the pieces in the chaos that follows, “remaking” America the way it SHOULD be, in their twisted minds. Because they are so much smarter than those old dead white guys like Jefferson, Washington, Franklin, Madison… (Obama would really rather rewrite the Constitution as a charter of “positive rights,” because the Founders “made a mistake” in creating a charter of “negative rights”. For a ConLaw professor, he really has no conception of what American govt was constructed to be; the whole POINT was to limit the power of govt, and set faction against faction to separate what little power was granted)
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom — go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! –Samuel Adams