“All evil begins with a lie. The biggest evil comes from the biggest lies, and the biggest lies are the ones we tell ourselves. And we lie to ourselves because we’re afraid to take ourselves on.” — Brother John
Many of us like to spread the belief that our destiny is in the hands of “The Economy”, blissfully forgetting that we create and control said Economy.
The silly political rambling about our national debt and the raising of our debt ceiling compounds the realization that our government leaders lack the innate entrepreneurial skills needed to get the most powerful nation in the world out of its slump. None of them have written a viable script of our much-needed economic innovation, a singular economic compass to which all our economic, financial and political systems should abide. We need to treat our country more like a company and to make reference to my entrepreneurial background; our country lacks a viable business plan.
I call it silly, not because our national debt shouldn’t be taken seriously but because the childish partisan bickering proves that neither political side has its eye on the economic ball.
The real issue we face is not whether we should raise the debt ceiling to pay the bills we incurred as a result of the “spaghetti governance” spanning many presidencies, but why the governmental process is unable to create and maintain sustainable high performance economic systems that leverages our renowned innovative capacity so that income far outweighs expense.
Clearly the rest of world that is prepared to loan us the money, has a more well versed belief in our capacity to improve income than our own elected officials. And so do I.
Our House of Cards
We have recently seen our economic and financial systems collapse, and now it dragged along with it a political system that let those systems grow out of control in the first place. All of our systems have failed, and therefore our implementation of capitalism has failed.
Capitalism is not a failure, mind you, just our implementation of it:
Failure of our economic system
Our economic freedom is a lie. An economic system that supports a financial system eleven times the size of production is the outcome of the deployment of a laissez-faire financial system in which gambling on production provides a better standard of living than actually producing something. We failed to implement the proper free-market principles to ensure financial markets themselves are truly free-markets (and therefore flat), and as such group think, selling to each other and self-preservation grew the financial sector to an excessive size. We should not be surprise that gambling is not a sustainable economic strategy.
Failure of our financial system
Our financial freedom is a lie. By economic principle, financial systems that are not free-market systems turn inevitably subprime. Therefor not only the sheer size of our financial system becomes a burden but the massive deployment of uniform risk deflates the value of its underlying asset. Thus the quality of the investable attribute diminishes over time to a point where the financial systems are unable to detect anything outside its uniform focal point. And thus by our own design financial systems are regressive to the underlying assets, and hurt rather than extrapolate its exposure and success.
Failure of our government system
Our government representation as the cumulative opinion of our people is a lie. Less than 30% of the U.S. population votes. That means our complicated political system, comprised of various local and state governments, The House, The Senate and The Presidency have not turned on and disenfranchised more than 70% of us. So how can a political system that is unable to garner the interest from the majority of people in the U.S. appoint an entrepreneurial outlier as President who has the guts to attack the fundamental flaws of our economic and financial systems that same political system helped produce, with the same people responsible for its current makeup. Could it be that the majority of our population in absentia has “voted” for that kind of President already?
We the people – and no one else – are responsible for the systems (political, economic, financial or otherwise) we build to enhance our lives and create new opportunities for those who strive.
“A free people [claim] their rights as derived from the laws of nature, and not as the gift of their chief magistrate.” — Thomas Jefferson
We ourselves dictate how much or how little power a President has today to affect real change to our ailing systems. And the ineffectiveness of those systems has become the ball-and-chain in our performance as a nation and our individual contribution to, and merit in it.
Yet despite all of our flawed systems, much of our innovation still reigns the world. And that is why the world is ready to loan us the money we may need to fund change. But our clock is ticking.
Many emerging economies have the opportunity to not incur a cost of change and do it right from the start. To ignite a new more entrepreneurial economic system in which a healthy balance between finance and production is maintained. Their challenge (and our advantage) will be that an innovative society (that warrants meaningful financing) is not built overnight, and some believe starting now will take 30 years to build.
Applying new regulations to a lying system does nothing but cause a delay in the timing of that system’s complete demise, and thus reduces the years of advantage we still have over emerging nations. A President and government who promote those kinds of regulations are just kicking the lies (within the can) further down the road, for others to combat.
“We fight not to enslave, but to set a country free, and to make room upon the earth for honest men to live in.” — Thomas Paine
We need a real leader in this country, not one who meddles in the people’s business but one who ensures that whatever economic transactions take place adhere to strict free-market principles.
For not free-markets have failed, but our laissez-faire implementation of it. Efficient economic systems behave just like traffic, in which you have the freedom to define your destiny as long as you behave in, and conform to, a matter that protects every other participant’s safety and freedom.
Real change will come from a leader who helps our country look in the mirror and understands the lies of freedom we perpetuate today. And when – and only when – we tackle those lies will the innovative capacity of our country be able to pay handsomely for the expenses we incur to continue breeding innovation the world truly cares about.
I believe in a new United States of America, for:
“We have it in our power to begin the world over again”. — Thomas Paine