Article disproves headline
Headline in ZH:

Like Everything Else, History Repeats (Almost Exactly) Because Power Truly Corrupts

Sounds good, and my first impulse is to roar YEAH! But it's JUST NOT TRUE.

The article itself disproves its own title. Author is talking about ZIRP/QE, which is a PERFECTLY NEW DEVELOPMENT. Not a repeat. Never happened before in all of history, because nobody ever came remotely close to our level of unspeakable insanity and power-drunk total murder.

There have been many periods when NATURAL interest rates reached low numbers because NATURAL economic processes pushed them low. When wages and prices are deflating, savers are already getting a return on their money so they don't need a separate rent. And when wages and prices are deflating, nobody sees a benefit in borrowing so there's no demand for loans. In that situation interest simply follows Nature. In the current situation we have absolute CONTROL of interest by criminal syndicates. From 300 AD until 2008 AD, economists understood that price control is bad. Since 2008 economists have obeyed the Tribe, building false dystheories to make the Tribe even richer.

In other areas of life history repeats about 3/4 of the time. The non-repeating 1/4 of eras are good for ordinary people, which is why they don't dominate. America had two non-conforming eras in recent memory: FDR and Eisenhower. Both violated the repeating rule by NOT STARTING WARS and PROTECTING THE INTERESTS OF ORDINARY AMERICANS.

The sole reason for looking at history is to ask HOW those non-conforming periods happened, HOW they failed, and HOW we can get back to another non-repeating era.

= = = = =

As for Power Corrupts, it depends on what you mean by Corruption. If you mean 'being powerful', then it's just a tautology. But corruption normally means something like venality, trading government actions for money.

When government is truly and openly run on a businesslike basis, with set prices for specific services, power is muted and distributed. People who have enough money to pay the set price are not necessarily evil.

This doesn't even require bribes. A government that is hungry for taxes above all will take steps to maximize the taxable activities.

Our current EU/US/UK governments are evil specifically because they are NOT run like a business. They don't seek taxes. They aim to cut taxes to zero. There is no motive to expand productive business, because government doesn't want the tax money generated by a productive economy. Result: Pure evil based on pure aristocracy, and pure enforcement of the aristocratic evil dysmorality.

Labels: Make or break

  ¶ 3:34 PM