Occupy Your Noggin
By: Carl GrahamPosted on November 23, 2011 FREE Insights Topics:
From The Bozeman Daily Chronicle
Wednesday, November 16, 2011
Is it just me or do people in the “Occupy” movement seem mostly interested
in occupying their time? They’d be better off trying to occupy that vast
empty space between their ears; but why bother when someone will give you a
slogan and armband for free.
The whole thing is starting to look like an amateurish knockoff of European
austerity protests. Now those people know how to riot.
In the beginning it included Ron Paul conservatives with “End the Fed” signs
and a lot of ordinary people with legitimate gripes about bailouts and
corporate cronyism (but I repeat myself). Now, though, it’s mostly the
standard agitprop by anarchists and communists that gets trotted out anytime
sanitation rules are relaxed,
In fact, one of my favorite themes is that we need to end government
corruption by growing government. Of course. And I plan to get skinny
again by hanging out at buffets.
Here’s a thought. Rather than fighting government corruption by adding more
layers of corruptible government, how about we fight government corruption
by removing the reasons for corrupting it in the first place? Let’s remove
the odor rather than buy a new air freshener.
And that odor we smell is crony capitalism. It’s government picking winners
and losers, and people paying to be on the winners’ list. H. L. Mencken
said that every election is an advance auction on stolen goods, and we’ve
created the biggest auction house in the world.
Take Fannie Mae and Freddie Mac. With all the focus on the one percent it
would be forgivable to have missed that these government sponsored
businesses, which are on track to lose upwards of $120 billion in bailout
funds, just paid their top executives nearly $13 million in bonuses. (1)
Funny we didn’t see the Occupy Wall Street protesters marching by their
headquarters.
Funny we didn’t see them marching by the White House, either. Another odor
coming from those sanitation free zones across the country is the idea of
equal incomes, and according to census data U.S. incomes have never been
more unequal than they are right now under the current administration. (2)
But here’s a nugget the protesters can chew on to occupy their minds.
Incomes are never equal. Politburo members were wildly better off than
average Soviet citizens. The elite in socialist or despotic countries are
always richer than the masses whose lives they’ve taken it as their burden
to look after. And of course Washington D.C. is one of the few places where
employment and incomes are growing, even in this economy.
The truth is that the poorest Americans live better than the majority of the
world’s inhabitants, and have comforts that “the one percent” didn’t dream
of 100 or even 50 years ago. Prosperity isn’t zero sum. It doesn’t come from
equal incomes; it comes from the increased incomes that reasonably regulated
free markets make possible. And all incomes can and do rise if people are
allowed to reap the fruits of their labors.
The relevant question isn’t about equal outcomes, but about how opportunity
is allocated. If government picks winners and losers only the favored will
prosper and the Bill Gates’ of the world will never get out of their
garages. If we are equal under the law, though, that protects the right to
use our talents, ambitions, interests, and even luck to achieve our
potential. Government can and should protect that right, but it should not
allocate it.
I’ll never understand those who think that, by putting something in
government’s hands, it will somehow be artfully and magnanimously managed.
Government is people; people who come from the same gene pool as the rest of
us. There are the same percentages of good, bad, competent, and incompetent
in government as anywhere else. You wouldn’t hand your health care, family,
faith, or any other important decisions over to Google or General Motors.
Why would you hand them over to another bunch of people who are even less
accountable and know less about you?
We should all be free to reach for our potential. But government picking
winners and losers only helps the connected few. We ought to occupy
ourselves changing that.