{"id":10455,"date":"2015-07-28T06:52:10","date_gmt":"2015-07-28T11:52:10","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10455"},"modified":"2015-07-28T06:52:10","modified_gmt":"2015-07-28T11:52:10","slug":"does-creative-destruction-include-the-state","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10455","title":{"rendered":"Does “Creative Destruction” Include the State?"},"content":{"rendered":"

Does “Creative Destruction” Include the State?<\/a><\/h3>\n
When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his\/her authority?<\/i><\/div>\n

Everyone lauds “creative destruction” when it shreds monopolies and disrupts private enterprise “business as usual.”<\/b>\u00a0If thousands lose their middle-class livelihoods– hey, that’s the price of progress.<\/p>\n

Improvements in productivity and efficiency can’t be stopped, and those employed making buggy whips and collecting horse manure from fetid streets will have to move on to other employment.<\/p>\n

This raises an obvious question few dare ask: does this inevitable process of creative destruction include the state? If not, why not? Aren’t the state and the central bank the ultimate monopolies begging to be disrupted for the benefit of all?<\/b>\u00a0If government is inefficient and unproductive, shouldn’t it be “creatively destroyed” in the same fashion as private enterprise?<\/p>\n

The obvious answer is yes.<\/b>\u00a0Why should a monopoly (government) remain untouched by new knowledge and competition as it skims the cream from society to fund its own monopolies and grants one monopoly\/cartel privilege after another to its private-sector cronies?<\/p>\n

Under the tender care of the state, we now have uncompetitive, inefficient parastic cartels dominating higher education, national defense, healthcare insurance, pharmaceuticals and hospitals–<\/b>\u00a0to name but a few of the major industries that are now state-enforced cartels thanks to the heavy hand of the state (i.e.\u00a0regulatory capture<\/i>).<\/p>\n

Under the tender mercies of the state, prosecutors have a 90% conviction rate thanks to rigged forensic evidence, threats of life imprisonment (better to plea-bargain than risk years in America’s gulag) and other strong-arm tactics that presume guilt, not innocence.<\/b>\u00a0We have the best judicial system that money can buy, meaning you’re jail-bait if you can’t put your hands on a couple hundred thousand for legal defense and the all-important media campaign.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

\u00a0<\/b><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Does “Creative Destruction” Include the State? When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his\/her authority? Everyone lauds “creative destruction” when it shreds monopolies and disrupts private enterprise “business as usual.”\u00a0If thousands lose their middle-class livelihoods– hey, that’s the price of progress. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[122,127,6496,379,5664,4924,1309],"class_list":["post-10455","post","type-post","status-publish","format-standard","hentry","category-liberty","tag-central-bank","tag-charles-hugh-smith","tag-creative-destruction","tag-government","tag-monopoly","tag-oftwominds","tag-state"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10455"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10455\/revisions"}],"predecessor-version":[{"id":10456,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10455\/revisions\/10456"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}