FORWARD BASE B

"Pay my troops no mind; they're just on a fact-finding mission."

Lack of a Long Term is the Problem With Capitalism

Unregulated capitalism knows no past or future, it concerns only the desires of the present.
The state must serve the role of investor to guide the self-destructive child that is the free market.
This means watching out for the long term interests of the society.
Even before American independence, free market greed set up a disaster as business owners chose to import slaves rather than pay to import labor.
They saved themselves money and time for awhile, but by so doing they sank to the degradation of keeping slaves and doomed their children and grandchildren to all the problems that came with having a captive population of millions, doomed hundreds of thousands of grandkids to perish in battle, and saddled an entire people with problems that still must be dealt with hundreds of years later.

Clearly those old planter aristocrats cared nothing for the future, had no use to care for anything beyond the day they died.
But why should a society have any regard for the needs of the reckless and greedy who plan to leave their mess for others to clean up?
Surely such fools surrender implicitly their freedoms in the same way as a murderer, who threatens his victims more immediately and more directly.
Surely they harm society in the long term as surely as a high IQ welfare mother helps society’s future.
A highly intelligent woman raising a large brood of kids makes her less able to work a job, but she more than makes up for her individual output of one lifetime by contributing several valuable lives who will bear quality offspring in turn.
A society that consumes her entire potential in the workforce, devouring the leisure time she needs for family and children cheerfully eats its seed corn, dooming future generations to poverty and suffering.
So too did an 18th century planter consume the seed corn of the crop that rightly belonged to his children by importing slaves.
So too does a modern business owner import temporary talent from every corner of the earth to avoid the temporary expense of training local people who will always be there and teach their craft to their children.

The murderer may kill a few people before he is caught, but the long-term evil doer may well leave behind problems that affect everyone after him forever.
Let’s imagine some finite resource is utterly consumed according to the supposedly holy and infallible forces of demand.  We may suppose that when the resource is still abundant, demand dictates it be used for the most mundane and frivolous purposes without a second thought even though it may run out forever by noon tomorrow.  The free market is by nature a stampede of lemmings.
Without firm guidance, the free market enshrined as God in America becomes a rampant cancer.
And many forget, that without the intervention of government, there are no markets, only loot and plunder.

So a great state must protect its future investments from predation and in righteous ruthlessness crush those low souls who are willing to benefit now while incurring a net expense for everyone else later.

There are those who do not care what happens later — fine.  But by the principle of justice they cannot expect anyone to care about their problems, their property, or their freedoms, now or ever.

The problem of course is in the absence of philosopher kings, we fear the abuses of such a government more than we expect competence in its administrators.

2 responses to “Lack of a Long Term is the Problem With Capitalism

  1. Sam April 30, 2015 at 2:26 am

    Leaving out the master race portions of ideology this is fairly much what the Nazi’s believed. In some ways they’re were in a better position. There was plenty of work to do. Now? In ten years with reasonable computer trends you will be able to buy a computer for $1000 that has the same processing power as a average human.

    Ask yourself if the people who run the US are willing to pay for a living wage whether you work or not? If there’s no work what will people do?

    Dennis M. Bushnell, Future Strategic Issues/Future Warfare [Circa 2025]
    Page 19 shows capability of the human brain and time line for human level computation.
    Page 70 gives the computing power trend and around 2025 we get human level computation for $1000.

    https://archive.org/details/FutureStrategicIssuesFutureWarfareCirca2025

    • Giovanni Dannato April 30, 2015 at 12:27 pm

      The Nazis were successful in building a thriving economy and promoting a world class scientific establishment in the middle of the Great Depression. Perhaps we should learn from their virtues.
      Unfortunately their racial and foreign policies were disastrous.
      Not to mention their collectivist philosophy led to an atmosphere of stifling conformity that in the long term would have crushed innovation.

      How similar is a fascist philosophy to what I’m talking about? To my knowledge fascism was mostly a marriage between the state and big business. In practical application that often means a system with the needs of corporations promoted over those of people.
      To be fair, Nazi Germany gave us the Volkswagen and Mussolini’s Italy the film establishment that made Spaghetti Westerns possible.

      This would not be the first time that human life has been become less profitable for the masters of society. One of my favorite examples are the Highland Clearances of the 19th century where entire regions were depopulated by landlords to make room for sheep—because sheep proved more profitable than tenants.
      Humans are no different than any other livestock. We’re only allowed to exist as long as we’re profitable.

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