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Nathan_Bell
07-17-10, 20:49
I have been working on putting a readable and coherent post about the fact that we have managed to allow our nation to end up with an aristocracy, and to point out the dangers that this brings.
This gent did a much better grammatical job than I ever could and sticks a few more facts than I had as well.

Included the first *chapter* follow the link for the rest.

http://spectator.org/archives/2010/07/16/americas-ruling-class-and-the/

"
America's Ruling Class -- And the Perils of Revolution

By Angelo M. Codevilla from the July 2010 - August 2010 issue

As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment of some 10 trillion nonexistent dollars in ways unprecedented in America. They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America. The public objected immediately, by margins of three or four to one.

When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term "political class" came into use. Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public's understanding, the American people started referring to those in and around government as the "ruling class." And in fact Republican and Democratic office holders and their retinues show a similar presumption to dominate and fewer differences in tastes, habits, opinions, and sources of income among one another than between both and the rest of the country. They think, look, and act as a class.

Although after the election of 2008 most Republican office holders argued against the Troubled Asset Relief Program, against the subsequent bailouts of the auto industry, against the several "stimulus" bills and further summary expansions of government power to benefit clients of government at the expense of ordinary citizens, the American people had every reason to believe that many Republican politicians were doing so simply by the logic of partisan opposition. After all, Republicans had been happy enough to approve of similar things under Republican administrations. Differences between Bushes, Clintons, and Obamas are of degree, not kind. Moreover, 2009-10 establishment Republicans sought only to modify the government's agenda while showing eagerness to join the Democrats in new grand schemes, if only they were allowed to. Sen. Orrin Hatch continued dreaming of being Ted Kennedy, while Lindsey Graham set aside what is true or false about "global warming" for the sake of getting on the right side of history. No prominent Republican challenged the ruling class's continued claim of superior insight, nor its denigration of the American people as irritable children who must learn their place. The Republican Party did not disparage the ruling class, because most of its officials are or would like to be part of it.

Never has there been so little diversity within America's upper crust. Always, in America as elsewhere, some people have been wealthier and more powerful than others. But until our own time America's upper crust was a mixture of people who had gained prominence in a variety of ways, who drew their money and status from different sources and were not predictably of one mind on any given matter. The Boston Brahmins, the New York financiers, the land barons of California, Texas, and Florida, the industrialists of Pittsburgh, the Southern aristocracy, and the hardscrabble politicians who made it big in Chicago or Memphis had little contact with one another. Few had much contact with government, and "bureaucrat" was a dirty word for all. So was "social engineering." Nor had the schools and universities that formed yesterday's upper crust imposed a single orthodoxy about the origins of man, about American history, and about how America should be governed. All that has changed.

Today's ruling class, from Boston to San Diego, was formed by an educational system that exposed them to the same ideas and gave them remarkably uniform guidance, as well as tastes and habits. These amount to a social canon of judgments about good and evil, complete with secular sacred history, sins (against minorities and the environment), and saints. Using the right words and avoiding the wrong ones when referring to such matters -- speaking the "in" language -- serves as a badge of identity. Regardless of what business or profession they are in, their road up included government channels and government money because, as government has grown, its boundary with the rest of American life has become indistinct. Many began their careers in government and leveraged their way into the private sector. Some, e.g., Secretary of the Treasury Timothy Geithner, never held a non-government job. Hence whether formally in government, out of it, or halfway, America's ruling class speaks the language and has the tastes, habits, and tools of bureaucrats. It rules uneasily over the majority of Americans not oriented to government.

The two classes have less in common culturally, dislike each other more, and embody ways of life more different from one another than did the 19th century's Northerners and Southerners -- nearly all of whom, as Lincoln reminded them, "prayed to the same God." By contrast, while most Americans pray to the God "who created and doth sustain us," our ruling class prays to itself as "saviors of the planet" and improvers of humanity. Our classes' clash is over "whose country" America is, over what way of life will prevail, over who is to defer to whom about what. The gravity of such divisions points us, as it did Lincoln, to Mark's Gospel: "if a house be divided against itself, that house cannot stand."

SNIP

Business_Casual
07-17-10, 20:55
One assumes you meant "dangers."

But if you think we haven't had an elite in the past and will in the future, you are mistaken. The difference in the past was those at the top respected the rule of law. When you have an administration that thinks it is OK to demand $20 billion from a private company instead of allowing the separation of powers to decide the issue, we are in trouble. But I guess I am just a conservative troll...

B_C

Nathan_Bell
07-17-10, 22:21
One assumes you meant "dangers."

But if you think we haven't had an elite in the past and will in the future, you are mistaken. The difference in the past was those at the top respected the rule of law. When you have an administration that thinks it is OK to demand $20 billion from a private company instead of allowing the separation of powers to decide the issue, we are in trouble. But I guess I am just a conservative troll...

B_C

Did you read the article, or just see my typo and skim the snippet I quoted?
The author covers the background and reasons that the current crop is a danger and how we are in a bit of a cleft stick thanks to them.

variablebinary
07-17-10, 23:33
It's a long read, but I think this snippet summarizes the piece well for those with short attention spans


Nowadays, the members of our ruling class admit that they do not read the laws. They don't have to. Because modern laws are primarily grants of discretion, all anybody has to know about them is whom they empower.

parishioner
07-17-10, 23:55
I think they read the laws. They read them so they know exactly how to get around them and manipulate them. That's why most politicians are lawyers. And then they go and make new laws and pass bills that basically take a law degree just to understand and you have to ask yourself. Who is benefiting from the system? The answer is clear and its a freaking joke.

Honu
07-18-10, 00:14
also when you are rich enough you get lawyers that get you free !!!

very few people get in trouble when filthy rich ! the only ones that do are when the other rich want to get rid of them or figure the public is crying so they offer that one up as a sacrifice like madoff

otherwise most get off or disapear into another area with a nice new title and they get to start clean ?



it really is a mess !!!!!

Moose-Knuckle
07-18-10, 01:18
Now read up on the history of European bankers and then get back with me. ;)

Further down the rabbit hole...

montanadave
07-18-10, 06:51
I think they read the laws. They read them so they know exactly how to get around them and manipulate them. That's why most politicians are lawyers. And then they go and make new laws and pass bills that basically take a law degree just to understand and you have to ask yourself. Who is benefiting from the system? The answer is clear and its a freaking joke.

How many folks have watched the movie Enron: The Smartest Guys in the Room? The film outlines one particular galling example of the situation alluded to in the quote above.

When the California state legislature deregulated the energy business in the late 1990s, Enron (whose lobbyists had worked hard behind the scenes to influence the legislation) had copies of the new regs before the ink was dry and set up a "task force" to comb through the legislation with a fine tooth comb, identifying every possible loophole capable of being exploited by Enron's energy brokers. Enron subsequently created artificial energy shortages during periods of peak demand, precipitating rolling blackouts, and then sold energy back into the grid at hyperinflated prices.

Call it a plutocracy, an oligarchy, or a coporatocracy, they're buying our government, gaming the system, and reaping the rewards, leaving the majority of Americans to fight over the scraps and wage "culture wars" against one another to vent our frustration over finding ourselves politically and economically impotent.

It's a pisser!

Business_Casual
07-18-10, 08:18
How many folks have watched the movie Enron: The Smartest Guys in the Room? The film outlines one particular galling example of the situation alluded to in the quote above.

When the California state legislature deregulated the energy business in the late 1990s, Enron (whose lobbyists had worked hard behind the scenes to influence the legislation) had copies of the new regs before the ink was dry and set up a "task force" to comb through the legislation with a fine tooth comb, identifying every possible loophole capable of being exploited by Enron's energy brokers. Enron subsequently created artificial energy shortages during periods of peak demand, precipitating rolling blackouts, and then sold energy back into the grid at hyperinflated prices.

Call it a plutocracy, an oligarchy, or a coporatocracy, they're buying our government, gaming the system, and reaping the rewards, leaving the majority of Americans to fight over the scraps and wage "culture wars" against one another to vent our frustration over finding ourselves politically and economically impotent.

It's a pisser!

One could also blame the electorate for returning the same corrupt politicians to office every election. Why shouldn't a corporation try to influence laws? Why shouldn't they try to take advantage of the laws' unintended consequences when they are passed? What business is it of the state if a company wants to sell power to freely accepting customers? If they don't like the power they get or the way it is supplied they could shut it off. If there weren't laws allowing monopoly power suppliers, then the power of the market would keep companies in line.

As for Enron, I doubt anyone posting here really understands how derivatives work, are traded and how they collapsed a huge company. I worked with Enron when they had a telecom division, it wasn't any different than any other telecom.

I think that companies should take advantage of the laws in the same sense that individuals do, but also think we should work hard and pay attention to our politicians before they are elected so they don't write sweetheart deals for industries that should be regulated by competition, not laws.

If we sent Ben Franklin-types to the legislature instead of Rod Blagovichs, maybe we wouldn't have laws written by the industry they are to regulate. Maybe we wouldn't have laws regulating anything at all, if we didn't abdicate our responsibility for self-preservation and self-reliance in the first place.

I stand firmly against the Leviathan, but too many of my fellow citizens are willing to side with it, for a few crumbs off the table. Read the BP Fisherman thread - people are bemoaning the lack of charity for the fishermen.

B_C

Mjolnir
07-18-10, 09:25
The nation is functioning as a fascist nation with the purchasing of our electorate one cannot readily decipher where gov't stops and transnational corporations begin.

Jim Marrs has a superb little book called Rise of the Fourth Reich which discusses this far better than I could here.

Gutshot John
07-18-10, 09:30
One could also blame the electorate for returning the same corrupt politicians to office every election.

This.

Ultimately it is our responsibility. Corrupt or incompetent is irrelevant at this point.

My grandfather said for years that "People get the government they deserve."

FromMyColdDeadHand
07-18-10, 12:11
1. Sending the same guys over and over.
2. If we change guys the staffers are all the same, or are looking to get a lobbying job.
3. We keep on sending them unlimited money to play with. $1,000,000,000 is not a 'lot' of money anymore.

When was it ever different? At least you can buy your way into the club now rather than just by birth.

To look at the other extreme, what do you want- pure direct democracy and pure communism? The problem is that half the people have below average IQs- its a fact - you can check it out ;) . I'd rather have the country run by semi-corrupt smart people than my neighbor Norm.

I don't know why people think this is a hard problem. Just starve the beast and all these federal perversions go away.

Honu
07-18-10, 15:07
I don't know why people think this is a hard problem. Just starve the beast and all these federal perversions go away.

I think the problem is the beast does not need you to feed him anymore ? so you cant starve him ?

Spiffums
07-18-10, 17:03
also when you are rich enough you get lawyers that get you free !!!

very few people get in trouble when filthy rich ! the only ones that do are when the other rich want to get rid of them or figure the public is crying so they offer that one up as a sacrifice like madoff

otherwise most get off or disapear into another area with a nice new title and they get to start clean ?



it really is a mess !!!!!


Or like Martha Steward when you beat the Mob boss out of his share.

Honu
07-18-10, 18:25
Or like Martha Steward when you beat the Mob boss out of his share.

heheheheh that made my day :)

FromMyColdDeadHand
07-18-10, 19:31
I think the problem is the beast does not need you to feed him anymore ? so you cant starve him ?

I think you are referring to the quantitative easing that went on to help liquidity? That is a huge black hole that I think people in the know have some clue how it will all work out. Ask people on the street about quantitative easing and they will think that you are talking about expandable pants :rolleyes:

Quantitative easing of 2010 is like talking about CDOs in 2006.

arizonaranchman
07-21-10, 04:29
I think the problem is the beast does not need you to feed him anymore ? so you cant starve him ?

Stop producing. The leaches who feed off of us who produce and make things work will starve if we stop producing. 60% of the population produces nothing. They feed off a small percentage of those who do produce.

Quit. Go on strike. Starve it.