
Today, the government nationalized a major U.S. automaker. CNN covered it, and on that channel, a commercial was featured which urged voters to vote for universal healthcare and "blow away the competition."
I am reminded of Ayn Rand's classic novel,
Atlas Shrugged. The novel depicts a United States in which the government slowly eliminates competition, to the delight of big business, and eventually nationalizes those businesses, when the lack of competition has caused them to fail. As a result, the economy crashes, a process quickened by the capitalist industrialists, who withhold their gift of production from the world, thereby hastening the inevitable end.
The results of the economic crash, of course, are violence and terror in the streets. CNN reported today, in addition to the bankruptcy of GM, three people killed. One, a late-term abortion activist, the others two recruitment officers. These events, seemingly unrelated, are the inevitable result of a people losing faith in their government to solve social problems, and seek to solve the problems themselves.
Atlas Shrugged, written in the 1950s, is happening now, but with one exception. We have no John Galt. We have no Ellis Wyatt, Dagny Taggart, Henry Rearden.
I am a capitalist, a position I never dreamed I would have to defend. However, with General Motors turning into Government Motors, and blatant commercials calling for the abolition of competition, it seems I must take the unnecessary action of defending what amounts to the perfect system of economics.
Capitalism is, first and foremost, the absence of force. It is a system in which people are free to enter into voluntary exchange with others for their mutual benefit. Put simply, everyone is free, and everyone wins.
It is said that capitalism is at fault for our economic problem. It is said that the current situation is a "failure of capitalism." But, have you ever examined what it is that has failed?
Under capitalism, bad companies are allowed to fail, without aid from the government. Is is capitalism that has failed when the government bailouts do not save a company?
Under capitalism, a company belongs to an individual, or individuals, not the government. When auto parts from a certain company, recently nationalized, are expected to become less accessible, and those cars are expected to devalue faster than if they had remained private, is it a failure of capitalism?
Under capitalism, force or fraud is prohibited by the nature of the system. Companies who attempt to use force or fraud in their endeavors will fail, as customers will not stand to be treated in this manner, and will withhold the lifeblood of any business: money. When a company uses an entity which states that your wealth is subject to confiscation to fund failing businesses, is it a failure of capitalism?
Or is it capitalism at all?
In one sense, of course, it
is the failure of capitalism, or, more accurately, the failure of the capitalists by conceding, negotiating or compromising with government force. Capitalism failed because it strayed away from itself.
Democrats are at fault for the so-called failure of capitalism, by their naive belief in "good government," as if any entity whose sole function is theft could ever be good, no matter what its intentions. Republicans are at fault for the so-called failure of capitalism, by their refusal to buy the best product at the lowest price, instead embracing the mantra, "buy American," as if the fact that a product was made within the borders of a certain state made it an objectively better deal.
Under times such as these, when capitalism is failing not from any inherent flaw, but from not being capitalism any longer, the divide must not be between Democrats and Republicans, but between capitalists and socialists. There are those that think a compromise between these ideals is possible. They are wrong. What we are now witnessing is the result of a compromise. Socialism, being an inferior system, benefits most from such a compromise, tainting the purity of capitalism and slowly leeching its health and vitality, like a parasite on an otherwise healthy human being.
The economy will not reverse itself through any means but unbridled capitalism. Unfortunately, the intellectual leaders of today are not willing to adhere to those ideals. The flaw in Ayn Rand's classic is that it fails to take into account a situation in which there are no John Galts. In order to combat socialism and the failure of American society, it is up to us, the capitalists, to be John Galts.
In these times, when the perfect system of economics is being corrupted, and denounced as a failure by those who have corrupted it, some must stand in defense of our economic system. We, who believe in freedom and wealth for all who are willing to pursue it by their own means, and not on the backs of their neighbors, cannot compromise. We must support capitalism as it should be, or not at all.
Capitalism is the perfect economic system. It is the system of economic and civil freedom. Forces which seek to destroy it are parasites, and like, parasites, must be dealt with before they become too dangerous. I do not know by what means these parasites must be destroyed; I know only that they must, before it becomes impossible to buy a quality product, before it becomes impossible to earn a living, before there is violence in the streets, before it becomes impossible to speak out against government oppression, before it becomes illegal to say what I am now saying.
It can happen. It happened in Russia, in Cuba, in North Korea, in China. It happened in a novel once, a novel whose content is quickly becoming true. If we do not wish to see the plot carried any further, we must reverse the trend we see in America today, by defending capitalism to our last breath, a figure of speech which, if we do not do so, might become literally necessary.
Who among you will stand in defense of capitalism? Who is John Galt?
Labels: Philosophy