Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, January 13, 2014

Everyone a CEO! Elysian Fields of Conservative Political Economy

Steve M (HT DeLong):
...right-wing arrogance [led] Michelle Malkin, back in 2012, to say with a sneer, "Romney types, of course, are the ones who sign the front of the paycheck, and the Obama types are the one who have spent their entire lives signing the back of them": the right simply believes that it's disgraceful to be an ordinary worker in the job market, subject to its ups and downs. If you're not a capitalist, you're scum.

Vitus:  Once, on a lark, V. went to a Ponzi-scheme prezzo at a hotel near SFO, put on by a person named Glen W. Turner from (of course) somewhere in the south.  There were easily 1000 people there.  The product being sold was the purest form of Ponzi - you were supposed to buy a franchise in a thing called "Dare To Be Great".  You would become "Great" by selling franchises of "Dare To Be Great".  We could only take about 20 min. of this stuff ourself, but clearly a lot of people there were desperate to believe in something which might give them a way out of their Mitty-esq lives.

This, it occurs to us, is a biggish part of the appeal of Tea-partydom.  I'm signing the backs of paychecks for now but...

It's of course all make-believe to think that "free" markets are self-regulating; that "I" am above needing help from the government; and that, as Romney said, we should (and could!) all borrow money from our parents and start businesses.  The right-wing "arrogance", above, is in fact religiostic phantasy.  All CEO's; no workers.  Sounds like a plan.

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