#OWS Economics: Ron Paul on Wealth and Privileges

4. Government may not redistribute private wealth or grant special privileges to any individual or group.

–from The Ten Principles of a Free Society

Continuing my gradual critique of Ron Paul’s Ten Principles, the next in line is relevant to what I’ve been talking a lot about these past few weeks, the great impetus behind #OccupyWallStreet: income inequality.

It’s significant that the godfather of the Tea Party movement (the original form of it, anyway) includes wealth redistribution in his principles of liberty. It points up an area where these two movements can either come together or get driven apart.  There’s no question about where #ows stands on this point. Income inequality is a key symptom of the disease #0ws arose in response to, and one of its goals, I would argue,  is to force a correction of what it views this to be: a moral wrong. If Paul is any indication (and I’m sure he is), the Tea Party is not so much troubled by this gap as it is by the idea that government should try to close it. Continue reading

#OWS Economics: Neofeudal Reality and the Free Market Myth

A little follow up to the last post about Damon Vrabel and his critique of neoclassical economics.

After concluding the Renaissance 2.0 series of lectures, Vrabel wrote a farewell on his blog at his Council for Spiritual, Psychological and Economic Renewal, explaining why he was no longer going to keep posting on the world situation. Among his reasons:

As I said in previous articles, IF we participate in the system, I’m not opposed to it at all. How could I be? I’d be a tyrant if I wanted to force hundreds of millions of people to change their behavior. And the fact is, that “IF” was answered long ago. We Americans have chosen the material benefits of being managed by the financial system for generations. We like demand-side freedom, i.e. choosing between Coke and Pepsi, but don’t want supply-side freedom. We like the supply-side to be taken care of for us. We love the benefits that come from it being imperially run—the credit card always works, the gas station is always open, our water faucets and light switches do what they’re supposed to do, the markets keep going up (oops…maybe not). All of our economic needs are outsourced to others, so we have the luxury of spending our time pursuing wants. And if these types of benefits are good for us, they’re good for the rest of the world. We have no moral authority to stand opposed just because we’re now going to lose our privileged position—a rather childlike perspective.

Do I detect some sarcasm? Many of the items Vrabel ticked off as buying our disinterest in changing the imperial system are, of course, threatening to stop working in the near-long term, if they haven’t already stopped working for many of us, which is why, I suspect,  #OWS has resonated so deeply so fast.

In any case, perhaps responding to the Arab spring and certainly responding to questions from viewers of Renaissance 2.0, Vrabel returned to YouTube with a new series titled “Debunking Money.” Again, I highly recommend it to anyone wanting to understand how the world really works and why we, the people (or the peasantry, as the case may be), are experiencing a diminution of our liberties. In this series, Vrabel makes explicit his rejection of various ideas from the left and right, including Austrian school economics and Milton Friedman’s neoliberalism.

The lesson below is particularly interesting as it debunks the notion, popular among Libertarians and popularized by Ron Paul, that “ending the Fed” is a viable solution to the problem. Vrabel says the American people would be “cutting their own throat.” If you have difficulty following this, I strongly suggest starting from the first video and hanging on his every word, if possible. Not to say this is the ultimate truth, of course, but it is certainly much closer to the truth than anything you will be hearing from Republicans or Democrats:

Defending #OWS, Ron Paul Says He Supports Bailout of People with Bad Mortgages

I applaud him for that. He is certainly the rare politician who seems to actually understand the legitimacy of the #occupyWallStreet protest.

Of course, the last time I heard applause for him like this at one of these debates, he was arguing against bailing out people with catastrophic illnesses who have no health insurance.

#TeaParty Terrified of #OccupyWallStreet’s New American Revolution

Dress-up rebel doing the bidding of the corporate class.

James Oliphant of the Los Angeles Times quotes prominent self-anointed leaders of the Tea Party movement on their reaction to the recent sprouting of Occupy America encampments in dozens of cities across North America from Boston and New York to Seattle and L.A. Clearly the Tea Party bosses don’t get it Continue reading

Is Equal Access to Health Care a Right?

Responding to yesterday’s post, Trutherator wrote:

On insurance companies covering everything, that’s one of the choices an insurance consumer has at the moment of purchase. But once you concede your own freedom to set up the guys with guns (government) to decide how much of YOUR money to take for their health care provision, especially a government that has shown themselves so astronomically inept that federal cabinet-level departments have had repeated cases of moneys missing to the tune of even $12 billion for the Dept of Education.

My response to Trutherator follows. Continue reading

Ron Paul Reveals More About His Notion of Freedom

The most notorious moment in the Republican presidential debate the other night revealed something about Ron Paul the “liberty” candidate’s idea of what freedom actually means to him. Clearly some vociferous audience members, presumably members of the Tea Party, think they define it similarly, but I don’t think all Americans do or would. Continue reading

Fox News is Afraid of Ron Paul

As much as I criticize Dr. Libertarian from Texas, I do find Fox’s GOP-sanctioned fear of him, as pointed out by Cenk Uygur of the The Young Turks in the video below, to be utterly pathetic.

As davejoe75 says in the comments to the YouTube video: “Cenk nailed it with that last comment…O’Reilly wants the Ron Paul bump!”