Now that we have concluded the annual orgy of juvenile candy extortion manifested as Halloween, and are now into the much more pensive Day of the Dead, I'm prompted to look at the potential cause of the demise of the America in which I live. In our society today, there is an unchallenged belief held by some that private is always better than public. The health insurance fracas is just one issue which incorporates this belief. There are many others. This belief could result in the end of America
One has to wonder why the alleged fears of the government running things merits so much frightened attention while the blatant and abusive excesses of the private sector are deemed beneficial to society as a whole no matter how many get hurt by the perpetrators. It is becoming obvious to me that the difference has to do with whether or not a very vocal and self-centered minority with lots of time on their hands is materially benefiting from an enterprise which exposes the general public to some variety of hazard, especially physical or economic. The public is too busy maintaining their relatively meager existence by working to be able to defend themselves from these predators, and it has been government's role since the Great Depression to be their champion. The only problem with this scenario is that prior to the Great Recession, the predators have taken over the government and are using it to protect themselves from We, the People.
In one such instance, private mining companies want to cut costs by removing the tops of mountains to gain easy access to coal seams, yet the debris created by this process has in another instance already wreaked havoc on a public unprotected from private sector abuses. This lack of defense is due to major cuts in enforcement ability foisted upon the public by our elected representatives double dipping from the private dollar till while on the public dime. But wait! There's more! On the other side of that "clean" energy commodity's usage, further damage which could have been prevented by governmental oversight has also occurred. Oh, the humanity!
One can easily extend this metaphor to the banking sector via the real estate mortgage crisis. The next wave of foreclosures is about to hit, and many banks are already being warned that if they are in danger of going under, there will be no rescue from the Federal Reserve. Yet an amount of Your Money which roughly equals the entire annual economic activity of the American economy (broken down here) has been pledged to rescue the big Wall Street banks, whose foolish gambling once responsible oversight was ended brought about the latest crisis.