Unintended Consequences (I)

Embedded in America is not anti-American. We’re not anti anything. We’re also not a conspiracy theory blog nor are we an NWO site. Instead, without a stated agenda – and thus, hopefully, without a stated bias – we try to show how situations are presented by the media, government and others and reveal the truths and histories of those situations. In other words, we try to take what you hear from the media and the government and remove the lies. Truth can be both subjective and objective. We strive for objective truth.

America was built on several ideals. All were aimed at the same thing: acquisition of money, property and power in the private sector by a small segment,  while creating a public sector that allowed, promoted and protected the same. All the rest is commentary. Anyone who tells you different is selling something.

Those ideals were codified in the documents founding our country, but are often misread and misrepresented as pertaining to the common man. Read using the correct context, they clearly guarantee the right of the powerful to make and keep their gains while limiting their responsibility to the rest of the nation. The social contract implied that, as their fortunes rose, so would those of everyone. At times, it appears that plan works, but it’s in appearance only.

This isn’t a revisionist view of history. The story that America was created by those fleeing religious and political persecution is still true. It’s just not the only truth. We aren’t viewing what happened in the light of current morality, like judging Columbus or slave traders. The freedom to pursue wealth and private property is enshrined in the founding documents of this country at the same level of importance as the rights to free speech and freedom of religion.

EiA is not suggesting that the founding fathers created a system that intentionally disregards the interests of its citizens. Rather, they created a system which protected their interests. There is a difference.

England abolished corporations in the early 1700’s and that rule remained in place for over 100 years. An enormous speculative bubble, which burst in 1720, convinced English lawmakers that corporate interests did not align with public (or even corporate investors) interests and that vesting so much power and money with people who had little personal risk was not in the best interests of the country. Adam Smith, he of the “invisible hand” theory, even said “The directors of such companies, however, being the managers rather of other people’s money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master’s honour, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company. It is upon this account, that joint-stock companies for foreign trade have seldom been able to maintain the competition against private adventurers.” 

There was a reason the government of England and individuals like Smith felt this way and he specifies it perfectly. Corporations consist of three groups of people: shareholders, employees and those they do business with. The managers he mentions: CEO’s and other C-level employees, were risking little of themselves while gambling everything for shareholders. If the bets failed, they lost little while the masses suffered immensely. If they bets won, they became richer and more powerful. Bets that failed include the 1929 stock crash and following Great Depression. The 1879 railroad stock crash and following depression. The 2008 ‘financial crisis’ and – well, everything that has followed.

It’s important, even critical, to understand two things: one, that the country was formed by those escaping financial prosecution and two, the effects of their actions are not intentional. That isn’t to say the results of their actions aren’t real – it’s just that they don’t care. They also will do anything – anything – to protect their ability to continue to accumulate wealth and power. Even though – and it’s been true for as long as there’s been the wealthy class – they have more money than there are things to do with it. They create categories of items to acquire and to flaunt. Megayachts, $25m mansions.

Think of it like a driver flying down a freeway, late to an appointment. He swerves in and out of traffic, changing lanes over and over in his desire to reach his goal. Nothing matters but the road ahead. Behind him, other drivers slam on their brakes or steer out of his way. Maybe he squeaks through and no one is hurt. Maybe he causes a ten car pileup. In either case, for that reckless driver, the same truth applies: he doesn’t care. He isn’t intending or perhaps even considering the reactions of those he passes. If someone shrugs their shoulders, slams on their brakes and spills their coffee or crashes into a barrier, it’s all the same to him. Unintended consequences. THAT then is the mindset of those in charge.

If one understands this, truly accepts this, then the rest of the problems facing the planet can be understood within this context. When it’s asked “with all the wealth in the world, why is there hunger?” or “why isn’t health care, real health care, available to all?” or “why are their homeless or mentally ill people on the street or…”. The answer is the same: Either the 1% can’t make money solving the problem OR it will cost them money to solve the problem. Nothing else.

We don’t have stem cell transplant technology beyond the rudimentary because research into it will not produce a marketable product. It will create a cure for many ills, but the process uses what a person already possesses: their own stem cells. So Big Pharma won’t spend what’s needed to gain the techniques.

We’re running outta space here, so let’s discuss one last thing. Big Pharma, Big Tobacco, the military-industrial complex – these aren’t real things on their own. Those in medicine, especially those in research, are not the ones creating limits. As Chris Rock said “there’s no money in the cure.” Those who own Big Pharma are the culprits. Those who own the tobacco companies are the culprits.

This concept of unintended consequences doesn’t obviate the fact that those who are the cause haven’t recognized what they leave behind. They certainly do. Three things: 1) those results are rationalized away with “we didn’t mean to” cause that; 2) the effects can be considered ‘externalities’ in economist terms and payments made to ameliorate them; and 3) any attempt to integrate changes that would eliminate the effects would require wholesale change to the way things are done. It would certainly put acquisition of property and wealth lower on the priority scale than ensuring all benefit  – or at least are not harmed.

Every time someone asks how to solve the homeless problem, they address the symptom. When we wonder why no one solves the diseases that afflict only small numbers of people (and thus present little opportunity for financial gain), we wonder about the symptom. When we ask why government allows our infrastructure to decay while claiming poor but buys billions of dollars worth of fighter jets, we ask about the symptom.

The problem is the pursuit of ever greater riches without a social contract. This is bolded for one reason: the rest is unintended consequences. In every country on the planet for as long as we’ve had money. Or power. Until we address that, until we question not the symptoms, but rather the problem, we will continue to ask the questions.

Symptoms are easy to treat. Causes are much more difficult.

Advertisements

~ by Mad Prophet on June 22, 2017.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

 
%d bloggers like this: