Alarming News: I like Morgan Freeberg. A lot.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is an intriguing guy...[he] asks great questions and answers others with style, flair, reason and wit. On the blogroll he goes. Make him a part of your regular blogospheric reading. I certainly will.
Brutally Honest: Morgan Freeberg is brilliant.
Common Sense Junction: Misha @ Anti-Idiotarian never ceases to amaze me. He keeps finding other good blogs. I went over to A.I. this morning for my daily Misha fix and he had found this guy named Morgan Freeberg in Fair Oaks, California, that has a blog, House of Eratosthenes. Freeberg says its "The Blog That Nobody Reads" but it may now become the blog that everybody reads.
Jaded Haven: Good God, Morgan, you cover a topic from front to back with a screwy thoroughness I find mind boggling. I'm in awe of your thought proccesses, my friend, you're an exceptional talent. You start by throwing in the kitchen sink, tie in someone's syphilitic uncle, bend around a rip tide of brilliance and bring it all home in a neat, diamond dripping package of an exceptionally readable moment of damn fine wordsmithing. I love reading you.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
Philmon: When Morgan meanders, stick with him - he's got a point and it'll be worth it in the end. He's not a hit-and-run snarky quip kind of guy. The pieces all fall into place like tumblers in a lock and bang! He's opened a cognative door for you.
Rightlinx: Morgan at House of Eratosthenes is one of the best writers out there. I read him nearly every day because he manages to provide an interesting perspective, even though I don't always agree.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
Think of this as an extension of D’JEver Notice? I, in which I made the point that each one of the industries that have “let us down,” if you take the time to inspect how that industry works and how it has morphed in recent history, you find it fails to stand as an example of the weaknesses of capitalism because it no longer adheres to any capitalist model. You have education, healthcare, the world oil market, and — since I wrote that above installment, which has turned out to be prescient — we’ve had this huge ol’ dealy-do with the subprime lending mess.
Capitalism didn’t create those problems. It didn’t leave us; we left it. We started messing around with some cross-breeding against the marxist way of life and that is when the real problems started.
Now there’s an election upon us in which we get to figure out an answer to the central question: Are we ready to give up on capitalism? Are we ready to put the socialists in charge of our government, unopposed, when they aren’t even ready to admit they’re socialists? And it occurs to me:
Capitalism is “failing” because we have seen it fall short of a standard that is so inherently silly, we cannot even say what it is, out loud, and still preserve a healthy, decent sense of shame. That standard is this:
To motivate all those involved in a financial transaction, to act in the interests of other parties similarly involved, to the detriment of their own.
And here, I’m specifically calling out those “Wall Street traders” who sold those Structured Investment Vehicles (SIVs) to suckers, along with the banks that made those bad loans in the first place that later on were packaged into these SIVs. That’s your failure of capitalism, there; people failed to look out for one another because we had this “Wild, Wild West” thing going on in the lending industry. Capitalism unfettered and running amok.
To make this look like the Wild West, you’d have to have a very special Wild West. Basically, you’d have to have the Marshal acting as a Government Sponsored Enterprise (GSE), sitting on a huge sack of gold bullion. Sort of insuring the town saloon — if Frank Miller shows up on the noon train and starts smashing up the town saloon, the Marshal would have his bag of gold ready. Except he wouldn’t offer a settlement to the saloon owner to replace his big ol’ bar mirror he bought in St. Louis. No, he’d be giving the gold bullion to Frank Miller for smashing up the saloon.
See, the government’s standing behind these bad loans…that’s the genesis of the problem. Now, the bank has to make bad loans. It would be irresponsible of the bank not to. Look at all that free money from the government just waiting to be snatched up out there. That isn’t capitalism.
But anyway. The point is, socialism…which is running for President in six days, and true to form, is afraid to call itself socialism…also has a thoroughly miserable job of living up to this impossible standard. Motivating people to engage in transactions, looking out for everyone else. It doesn’t succeed at this any better than capitalism does. The difference is, a) unlike capitalism, socialism is internally structured to count on meeting this impossible goal; and b) unlike capitalism, when socialism fails to meet this impossible goal, we have a lot of people running around who don’t remember. Seems the folks who suffer from the shortest memories have the loudest voices about this.
In my opinion, Barry O needs to get his talking points in order. Right now, the issue that confronts him is that the people who don’t want to see him win, are making the point Barack Obama wants us to become a socialist country and socialism doesn’t work! And the Obama/Biden campaign has responded with two rejoinders that really should put us in our place:
No he isn’t…
…and…Yes it does.
I know he’s all hopey-changey and makes the leg tingle, etc. But shouldn’t voters at least press him to pick one of those two mutually exclusive responses? No I’m not, and Yes it does. He’s supposed to be so clean and articulate and he likes to use the cliche “Let’s be clear” a lot. Fine. So be clear.
Is an Obama presidency all about giving up on capitalism, or not?
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