Clameur de Haro? notices that, over on his Elect Nick Palmer 2008 blog, Mr Palmer regales us with his evident pride at having signed a Friends of the Earth petition “Call Time on Global Greed”.
Excoriating those who created “a crisis caused by a greedy, reckless and under-regulated economic system”, “biased against the poor and the environment”, the Petition calls for “a radically different economic system”: one that “reduces inequality, creates jobs, protects vulnerable citizens, preserves the environment, and works to eradicate poverty”.
How very noble and apparently altruistic. CdeH? however is reminded of a few realities.
First, Friends of the Earth, despite the misleading title, isn’t an environmental organisation. It was once – but no longer. Like Greenpeace, it was long ago taken over by the economic and political collectivist left, who perceived that, while socialism would never be permanently accepted as the prevailing economic system per se, if it could be cleverly cloaked in an environmental camouflage, then, to a deliberately under-educated populace, it just might be.
Secondly, the present financial crisis has, in actual fact, several origins, and many, many different culprits, ranging from fiscally irresponsible governments who directed central banks to hose unlimited credit at economies for no other reason than to cynically maintain an illusion of prosperity for political advantage, to financially illiterate consumers who foolishly lapped up every offer of credit lobbed their way, with no thought of ability to repay. The very thing that the present system has not been is under-regulated: over-regulation, but inefficiently conducted and misleadingly targeted, has played its significant part.
Thirdly, despite inequalities in degrees of betterment, no other system has ever delivered greater overall advancement, for the majority of the time, to the majority of humankind, than has capitalism. FoE’s “greed” is, of course, the leftist translation of the natural aspiration towards improving one’s lot possessed by all mankind. In the leftist lexicon, the desire for something as fundamental as a better education for one’s self and one’s children becomes “greed”.
Finally, Clameur de Haro? recalls that the FoE’s appealingly-labelled “radically different economic system”, the one which purports to “reduce inequality, create jobs, protect vulnerable citizens, preserve the environment, and work to eradicate poverty”, but which actually does the opposite, isn’t new (although it certainly is radically – and in more than one sense of the word – different). It’s been tried. It’s called communism, or its watered-down variant, authoritarian socialism.
And it doesn’t work.Add to del.icio.usDigg It!Stumble This