Vanity Fair's Joseph Stiglitz: Schmuck With a Pen

Joseph Stiglitz, writing at the execrable Vanity Fair (I read it so you don't have to!), regurgitates the old, tired Marxist script in his latest piece of agitprop entitled "Of the 1%, by the 1%, for the 1%."

The corporate executives who helped bring on the recession of the past three years—whose contribution to our society, and to their own companies, has been massively negative—went on to receive large bonuses...

And what of the corrupt politicians and judges, Stiglitz, who violated their oaths of office to create and then rob HUD, Social Security, Fannie Mae, Medicare, Freddie Mac and Medicaid?

Who took sweetheart loans from Countrywide?

Who paid themselves immense bonuses while concealing their own accounting skulduggery?

And, all the while, facilitated the financial crisis through unlawful, unconstitutional governmental policies that had the force of law?

...Some people look at income inequality and shrug their shoulders. So what if this person gains and that person loses? What matters, they argue, is not how the pie is divided but the size of the pie. That argument is fundamentally wrong.

Oh, bullcrap, you fraudulent old Trotsky-ite. Sure, we need less folks like Larry Page and Bill Gates. Hell, Page and Sergey Brin were sitting in a damn dorm room 12 years ago trying to figure out a better way to search the Internet. Now they're worth tens of billions apiece! But in your formulation, that sucks!

Directly and indirectly, they've created hundreds of thousands of jobs, a whole new ecosphere for Silicon Valley, funded dozens of new startups, created massive amounts of wealth around the globe, but in the Stiglitz formula -- they're too rich!

...growing inequality is the flip side of something else: shrinking opportunity.

Yes - more billionaires like Gates, more massive job creators like Page and Brin, more investments, more startups, more innovation... means less opportunity.

What I want to know, Stiglitz, is this: how do you have a freaking job?

...perhaps most important, a modern economy requires “collective action”—it needs government to invest in infrastructure, education, and technology.

Oh, you mean like a "Stimulus" program? How's that working out for ya', Sparky? Or the Department of Education? Working out swimmingly for low-income students? And that solar technology in which Jimmy Carter sunk billions of taxpayer dollars... that revolutionized our energy infrastructure, right?

What a kook.

We've bankrupted the Treasury with this collectivist excrement -- and it's failed like it's failed every other time in history. Central planning works -- if you're a delusional Marxist with a penchant for magic mushrooms. If you're not, the Politburo-style, command-and-control strategy has a perfect track record. Zero-for-Eternity.

Stop with the failed Marxist class warfare rhetoric already. You sound like a freaking idiot.

To paraphrase Milton Friedman: who are these angels on Earth that can redistribute everyone's wealth? Barack Obama? Nancy Pelosi? Barney Freaking Frank?

There isn't a corporation on Earth that can force you to pay it whether you want to or not.

There isn't a corporation on the planet that can throw you in jail for failure to adhere to its hundreds of thousands of pages of laws, regulations and dictates.

There isn't a corporation anywhere that can make you buy a one-size-fits-all health care plan, or a certain kind of light bulb, or low-flow toilet, or a certain size of car, and on and on.

There isn't a corporation anywhere that can command you -- the citizen -- to participate in multi-trillion dollar Ponzi schemes.

Only a giant, enormous, leviathan of a bankrupt federal government can do all of these things. And, then, only because a certain group of power-hungry, easily corrupted politicians, lawyers and judges have ignored our highest law: the Constitution.

Because they wantonly disregard thousands of years of human experience, facts, logic, and reason.

Our Framers created the Constitution to prevent the rise of an all-powerful, autocratic, authoritarian central government. Instead, the modern Statist -- like Stiglitz -- justifies his actions by claiming it will be different this time. If only he can have more of your money. If only he can have more power. If only.

But it wasn't the corporations that ruined the economy: it's the politicians who violate their oaths of office every day of the week. That's what the Tea Party is all about, dunce. And that's why every one concerned with the future of America should support Constitutional conservatism.

It's the only hope we have left.

Schmuck.