Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Voters for Tea Party Candidates, Prepare to be Betrayed

ElectionOracle / US Congressional Elections Sep 22, 2010 - 03:23 AM GMT

By: LewRockwell

ElectionOracle

Best Financial Markets Analysis ArticleIt's another revolutionary season in American politics, with voters preparing to do everything they can within the structure of the law to throw out the bad guys and the bad system they represent. The focus is on this amorphous thing called the Tea Party, which embodies a huge range of political impulses from libertarian to authoritarian, united under the common belief that everything is going wrong in Washington, with a common goal of upending the status quo.


Candidates that the Republican Party doesn't like are making big inroads into the party structure and, quite possibly, the election itself. That is fun to watch. The wind at their backs is the spectacular – but wholly predictable – failure of the Obama administration's economic witchcraft. Trillions and trillions created and spent and yet the suffering endures.

The health-care bill is also a source of American public anger. People are not deceived into believing that whatever reforms we are getting are going to fix the problems of the current system; they will make them worse. As it is, the freedom remaining in the system is the only reason that the system serves us at all. Take that away, and you take away a lifeline.

The revolt, then, is in high gear. It's not the first time, and it won't be the last. The governed have long been very unhappy about the government, and they periodically wake up and seek to change it. It's been some 18 years since the last go-round of such revolutionary sentiment. It is arguably stronger today than it was back in 1994.

The good aspects of this have nothing to do with political outcomes, despite what people believe. The political environment focuses the mind on important issues like freedom, economics, culture, power and its uses, and the role of the state. As they debate with their neighbors, follow election coverage, listen to the candidates, and watch the process, people learn and study and, most importantly, think and rethink.

If you begin with a skeptical attitude toward the government, watching and thinking can lead to a radicalization and ultimate embrace of a consistent opposition to government involvement. This is why election season always ends up creating a huge flood of new libertarians who buy books, feel the inspiration to get active (perhaps for the first time), and dedicate themselves to reducing the power of the state in whatever way they can.

If American politics can be said to contribute anything to American culture, it is this educational aspect that stands out. The elections focus the mind and lead people to a new consciousness. Ideally, that consciousness would dawn without politicians and elections and all the apparatus of the season. And yet people are busy in normal times, dealing with regular life; it is the very urgency of the election that gives rise to the concern in the first place.

You might as well know right now, however, that the Tea Party, no matter how successful it is at the polls in November, will certainly betray the party of liberty. There are several reasons for this, but the fundamental one is intellectual. The Tea Party does not have a coherent view of liberty. Its activists tend to be good on specific economic issues like taxes, spending, stimulus, and health care. They worry about government intervention in these areas and can talk a good game.

But just as with old-time conservatives, there are many issues on which the Tea Party tends toward inconsistency. The military and the issue of war is a major one. Many have bought into the line that the greatest threat this country faces domestically is the influx of adherents of Islam; in international politics, they tend to favor belligerence toward any regime that is not a captive of U.S. political control.

On immigration, the Tea Party ethos favors national IDs and draconian impositions on businesses rather than market solutions like cutting welfare. On social and cultural issues, they can be as confused as the Christian right, believing that it is the job of government to right all wrongs and punish sin.

This doesn't describe them all. A poll taken last spring divides the activists into two camps: Palin and Paul. Both groups are mad as heck at the mainstream Republican party, but only the Paul camp has broadened that anger to the government generally.

Such are the philosophical problems. Just as telling are the structural problems in politics that lead all political candidates toward the center as a matter of maximizing votes. It's always the same. They count on their base to show up and vote for them, however reluctantly. It's the voters in the middle who get their attention. This is why all candidates tend to water down their positions after the primaries, that, and to get funding from the corporatists allied with both parties.

The larger problem occurs once they take office. Here is where the serious problems begin. They are leaned on by their new colleagues, the party elites, related financial interests, the press, and the entire system of which they are now part. Are they going to make themselves enemies of that system, or are they going to work within the system in order to achieve reform, and not just for one term but more terms down the line? Doing a good job means being part of the structure; doing a bad job means being an enemy of the very system that they now serve.

Which choice do they make? The same choice that everyone else in office makes (Ron Paul being the lone exception in all of human history). It is for this reason that newly seated "revolutionary" politicians will betray those who put them in power. It happens like clockwork, same as day turns to night.

Some good can still come out of the results, if only because former ideologues can serve as some resistance to really bad policy. The new Congress that was seated after the 1994 election certainly curbed the ambitions of the Clinton administration for a time. But avoiding greater evil is not the same as doing good. We can state with confidence, all else being equal, that even the best electoral outcome will not lead to actual cuts in the power of government over our lives.

That doesn't mean that all is for naught. What will change the prospects for freedom in this country is a growing and society-wide awareness of the issue of freedom and the role of the state in wrecking that freedom, and the civilization to which it gives rise.

Llewellyn H. Rockwell, Jr. [send him mail] is founder and chairman of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author, most recently, of The Left, The Right, and The State.

http://www.lewrockwell.com

    © 2010 Copyright LewRockwell.com - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in