There’s No Mystery To Slow Economic Growth: Progressives Are The Problem

There’s No Mystery To Slow Economic Growth: Progressives Are The Problem
August 2, 2012

Peter Ferrara

Peter Ferrara is senior fellow for entitlement and budget policy at The Heartland Institute, a... (read full bio)

The Big Picture Lesson of the 20th century was that capitalism works and socialism and communism don’t.  The rest of the world learned that lesson far better because they and their close neighbors suffered far more with the socialist and communist progeny of Saul Alinsky’s first radical.  But America should know better because it has enjoyed most the workers paradise of capitalism.

Yet those who call themselves Progressive, a polite, Americanized word for Marxist, refuse to accept that obvious conclusion.  That is why our politics have become so nasty.  The Progressives know they can’t win a debate based on reason.  So they turn to name calling, demonization, ostracism, anything to distract from and avoid a reasoned debate.  Hence the widespread use of the term “dumbass” by pot smoking hippie Progressives in commenting on the reasoning of careful scholars that they disagree with, or the ubiquitous allegations that anyone who disagrees with them is lying, or bought off.

This reflects the despotic nature of the Progressive personality and philosophy.  Progressives most fundamentally are certain that they are so much smarter than the rest of us, and that they are so much more moral than the rest of us.  Because of that they are certain that they have the right to rule over the rest of us.  It’s a very anti-social attitude that the rest of us should not be expected to have to live with.

That is why they are not interested in reason.  They are interested in power, for themselves, over the rest of us.  In their view, they have the unquestionable right to rule, and the rest of us have the unquestionable duty to obey.  The last time America was authoritatively subject to that attitude was under the reign of King George III.  And, of course, you know what happened then (unless you are in public school).

That is why the Progressives are so fundamentally in rebellion against the U.S. Constitution.  That governing framework was designed to preserve the rights and liberties of the people, and to restrain the powers of government and of self-appointed, supposedly benevolent despots.  But if you are so sure you are so much smarter and more moral than everyone else, then the Constitution is an outdated, 18th century barrier to your imposition of your notion of the perfect society on everyone else.  That is why for over 100 years now, so-called Progressivism has been an open conspiracy against the Constitution, and so at its root treason.

All of the supposed fevered passions of the Progressives are really just props to justify more control over more money and power for them.  The Progressives claim they will take care of the poor, if only we will give control over the money and power to the Progressives.  They are not really interested in economic growth and prosperity, which is the only real solution to poverty.  That does not expand their power and control over the rest of us.  They are interested in promoting dependency, which builds their political machine, and their power.

That dependency perpetuates rather than solves poverty is not a problem for the so-called Progressives.  They are perfectly happy with that vote buying, long term, status quo, even if that is really no damn good for the poor.  See, e.g, Medicaid, under which the poor suffer and die, because the government won’t pay the doctors and hospitals enough to serve them.

Similarly, Progressives believe in Keynesian economics not because it works to promote economic recovery and growth.  Borrowing a trillion dollars out of the private economy for the government to spend a trillion dollars back into it does nothing to promote economic recovery and growth on net.  Obamanomics just proved that again.

Moreover, in a market economy there can be no such thing as inadequate demand, the central concern of Keynesian economics.  That is because in a market, if demand is inadequate to sell the supply, prices just fall until supply equals demand.

But that logic and experience has no effect on Progressive devotion to Keynesian economics.  That is because the real reason they are in favor of Keynesianism’s proven nonsense is not really because they think it works, but because it justifies what they want, which is more government spending, deficits, and debt, as that means more power and control for government and the all wise Progressives guiding us to their promised land.

Peter Ferrara

Peter Ferrara is senior fellow for entitlement and budget policy at The Heartland Institute, a... (read full bio)