Monday, September 25, 2017
Small positive sign
England's Labour seems to have synchronized its signals at last. Corbyn is popular but not very smart. He doesn't envision consequences of policy ideas. McDonnell seems to have taken over the public voice, and he's smarter. He proposes re-nationalizing utilities and postal services that were mistakenly privatized; and he wants to put limits on credit.
Both good moves.
As I never tire of pointing out, government NEEDS to make profits from real services. Four reasons: (1) Balance. Revenue corresponds to value, instead of simply draining money from commerce. (2) When people are GETTING SOMETHING for their taxes, they feel better about paying. (3) When government is DOING SOMETHING USEFUL in return for its income, government stays sane. (4) With enough profit, government can get out of debt entirely and run on savings, which then makes it possible to absorb bad times without collapsing.
Both US and UK went through a privatizing phase in the '70s and '80s, and UK went farther than we did. The result in both cases is a government that serves no purpose except making wars, so all of government's thoughts and values and skills are specialized for aggressive pointless wars.
Labels: Emersonian justice, skill-estate
¶ 4:52 PM
