June 28, 2022

Why Anger Against the Elites Is Misplaced

Blaming elites is childish. It’s time to put aside childish things.

First, let’s debunk a loudly trumpeted fiction: “corporate power.” There is no such thing. Power is the ability to use force and violence with impunity. No corporation has that. Only the government has power and only as much as the citizenry will allow it.

Yes, very wealthy people have more influence over the government than everyone else. You should have known that before you built a government with such enormous power to begin with.

And it was you, who identify yourselves with the deceptively innocuous name, “We the People,” who constructed the monstrosity that now demands you take any injection it decrees and refrain from speaking any word or even thinking any thought that threatens it.

You didn’t build it all in one day. It took decades. But every brick in this edifice of evil was made of the same clay: invading the property of your neighbors to obtain what you believed was additional safety. Before each brick was laid, voices of reason warned you of the danger. You not only refused to listen but derided all who appealed to your common sense.

It’s one thing to disregard the morality of respecting the life, liberty, and possessions of your fellows. It’s another to refuse to recognize the obvious results.

You told healthcare providers they could charge anything they wished, regardless of their customers’ ability to pay, and taxpayers would pay the difference. Then, you were outraged by how quickly healthcare prices rose.

You told colleges and universities they, too, could charge whatever they wished, financed by loans guaranteed by taxpayers. You were again outraged not only at the artificially high prices, but the students’ inability to pay back the loans. What did you expect?

It doesn’t take an advanced degree in economics to recognize these obvious cause and effect relationships. Anyone with a sixth-grade education and control over his emotions could spot them a mile away. Unfortunately, people meeting both criteria are in the minority.

One can trace the beginning of the problem as far back as one wishes. The Constitution itself was an enormous expansion of government power, passed much like the infamous Patriot Act. But even its powers didn’t satisfy you.

Throughout the following century you participated with your banks in the fraudulent practice of fractional reserve banking, resulting in periodic “panics.” You didn’t need government to protect you from these. Arrangements wherein you earned interest by foregoing use of your money while the banks lent it out were available to you. But you wanted to “have your cake and eat it, too.” When the inevitable result occurred, you screamed for the government to protect you.

You had been warned as early as the first Congress against allowing the government to incorporate a bank. You were told it was unconstitutional and economically destructive by none other than Thomas Jefferson himself. You ignored the warning and supported the bank. Ditto the second version.

You were again provided loud and vociferous warnings against the Federal Reserve System, a scheme that transfers wealth from everyone in society straight to those “elites” you are always complaining about. But you supported it overwhelmingly because it promised you safety from the aforementioned panics caused by your own refusal to accept reality.

When the bank caused the Depression you were also warned it would cause, you demanded the government save you from that, too. Your so-called “greatest generation” elected a fascist who transferred the legislative power from Congress to the executive branch and built the modern administrative state. The New Deal regulatory structure is a barrier to new competition for the established corporations that write its rules.

Having demanded this structure be built, you now complain corporations are too big and don’t have enough competition.

The same dictator also granted your demand to be released from responsibility to save for your retirement. He and his accomplices in Congress created a program that takes 15 percent of your income – money you could otherwise save – and spends it immediately, promising to tax others in the future for a monthly pension doled out to you.

For running similar schemes, you imprisoned Charles Ponzi and Bernie Madoff. But the architect of this criminal scheme was rewarded with four terms as president.

The history of rewarding tyrants and vilifying benefactors is long. The Federal Reserve was conceived in secret by a cabal of corrupt government officials and representatives of the Rockefeller and Morgan financial empires.

Rockefeller had built his fortune honestly, foregoing larger dividends to reinvest profits in his oil company, resulting in growth for the company and decades of falling oil prices for consumers. When his competitors appealed to the government for help, you overwhelmingly supported breaking up Standard Oil, resulting in higher oil prices for you, unearned wealth for Standard Oil’s competitors, and enormous new powers for the government.

Considering how his honest effort was rewarded by those it benefited, it’s hard to blame Rockefeller for throwing in with the government in a scheme to make dishonest money at the same peoples’ expense.

Several decades later, Bill Gates built a software company that refused to send money to Washington. You rewarded that with full-throated support for the government’s antitrust suit against Microsoft, based upon the ridiculous premise that Microsoft had an obligation to design its product for the convenience of its competitors.

Gates learned the same lesson Rockefeller did. That mob self-styled “We the People” can’t be trusted with freedom. Better to collude with the government and try and control them. Who knows what they might do next?

Yes, very wealthy people with names like Schwab, Gates, Bezos, and Benioff get together with government officials at meetings like the World Economic Forum and the Bilderberg Group, where they make all sorts of nefarious plans for running your life. Guess what? That’s just talk, something they have every right to do. Only power you gave the government gives it any teeth.

Like Frankenstein, only you can destroy the monster you created. The Canadian truckers are showing you how. Even if the government continues to physically remove the truckers (which may not be as easy as it sounds), the truckers still have the power. By simply refusing to drive they can bring the global elites’ managed economy to its knees. If they remain resolved and people support them, they will win.

It’s much the same with social media censorship. Facebook’s stock recently lost almost 30 percent of its value in a single day after its total user base declined for the first time in its history. Imagine tens of millions of American Facebook users making a coordinated effort to delete their accounts on the same day and join Gettr, Gab, or MeWe.

That would be game over for Facebook. And it would be both morally superior and vastly more effective than trying to regulate Facebook through the political process. It could be done with a fraction of the time, effort, and organization it took to get Trump or the “Freedom Caucus” elected, which accomplished nothing.

Here’s an inconvenient truth: People like Gates, Bezos, and Benioff would be far richer than most people in any political system, whether capitalist, socialist, fascist, or our present combination of all of the above. If thousands of years of history hasn’t taught you that yet, then you’ll just have to take my word for it. But they only have power over you because they can collude with a government that has that power.

If you want your life and your freedom back, you’re going to have to change your behavior. Stop electing demagogues who promise to protect you from elites by making the government even more powerful. Start electing representatives who will do the opposite.

Stop demanding more “taxes on the rich” and instead demand repeal of capital gains taxes, especially on gold, silver, cryptos, and other competition for the Federal Reserve’s currency. Stop demanding more regulation of corporations and start using your economic power as consumers to support their competition. Elect people who will outlaw executive branch agencies usurping the legislative and judicial powers.

These suggestions share two things in common: 1) they are realistically attainable and 2) they are less emotionally satisfying than trying to “stick it to the elites.”

Children make decisions based on their emotions. Adults make them based on reason. For over one hundred years, you’ve demanded society be run based on the childish notion that anything about reality that displeases you can be rectified by giving the government the power to prohibit it, mandate it, or subsidize it. Playing this sucker’s game has resulted in people like Klaus Schwab and Bill Gates being poised to literally rule the world.

It’s time to put aside childish things.

This article was republished with permission from tommullen.net.

This article, Why Anger Against the Elites Is Misplaced, was originally published by the Foundation for Economic Education and appears here with permission.  Please support their mission.