Samuel Johnson: "The whole fabrick and scheme of the English language is Gothick or Teutonic; it is a dialect of that tongue, which prevails over all the northern countries of Europe"

LOL, Ben Stein, cheerleader for "corporations are people", has decided that America has only just now become a fascist state

Now, in the year 2021, the iron curtain has come down hard. With Big Internet Tech and the White House now admittedly colluding to identify and suppress dissidents, even completely nonviolent dissidents, we no longer have a Constitution.

There is just one big corporate–government–IngSoc superstate running everything. Goodbye, America. The GOP, with 50 senators, does nothing. The state legislatures, by far a majority GOP, and the spineless Supreme Court do nothing. And so goodbye to the greatest experiment in the history of the world.

More.

Gee, what's the problem, Ben?

“Liberals don’t understand that corporations are people,” columnist Ben Stein wrote back in 1974. “They are the people who work for the corporation, buy its products, and own its stock. There is no mechanical person who is benefited if corporations make a good profit. Real people benefit, just as real people lose when corporations lose money.” True enough. But it is also true that corporations have as much of a vested interest in the political system (if not more) . . ..

Here.

The corporation in America was the creation of the King of England. Virginia was but one example of thirteen. The damn things rebelled. Samuel Johnson tried to explain it to us, but it, shall we say, kinda went over our heads, and where it didn't was met with what they would come to call a generous demonstration of disapprobation.

And so, what goes around comes around. Or as Reverend Wright would put it, "America's chickens . . . have come home . . . to roost!"

Taxation No Tyranny

 

 

Does Carson Holloway for The Federalist even live in America 2020, torn by $2 billion in damages from rioting and looting?

 From his essay here:

Tocqueville was certainly correct that the dire legacy of slavery would not be eliminated immediately upon its abolition. America’s path toward racial justice was long and difficult, continuing for many decades after the end of the Civil War. Nevertheless, over time the process turned out better than Tocqueville expected. The country was not engulfed in a race war, and whites and black Americans gradually learned to live with each other as fellow citizens.

If you subscribe to ideology qua ideology, you can pretend that what your lyin' eyes are trying to tell you isn't true. And Holloway explicitly embraces the ideological habit of mind which blinds him to our reality:

Moreover, the northern settlers — and particularly the Puritans of New England — came to America not only with the general habits of freedom characteristic of all the English but with a peculiarly intense inclination toward self-government. They came, Tocqueville says, driven by a “purely intellectual craving,” seeking the “triumph of an idea.”

Accordingly, he embraces a sharp, ideological distinction between North and South, which is nothing but a caricature, as if neither love of lucre nor racism existed in the North: 

Tocqueville clearly regards the original southern settlers as less moral and less enlightened than their northern counterparts. The northerners came to America primarily to found self-governing communities based upon their (lofty and demanding) religious vision of a righteous society. The original Virginians came primarily in the pursuit of gain.

You will hardly find in American "conservatism" anywhere any rumination on the founding of the colonies as corporations, entities which were explicitly formed for gain for and by the English Crown in cooperation with the Bank of England. That was the whole point of Samuel Johnson's "Taxation No Tyranny", which ridiculed Americans with "Why do we hear the loudest yelps for freedom from the drivers of Negroes?", which is the main reason why no one reads it. The American colonists broke the business deal with the Crown, violating their contracts. We responded by gussying up our thefts with lofty bs about freedom and equality and rights. French loans, and the French navy, helped us get away with it.

Tocqueville's antipathy toward the South is an artifact of French affinity for the excesses of those Enlightenment ideas which enjoyed a higher traffic in the American North, but also of immemorial French hatred for England which enjoyed free trade with the American South. He is hardly the guide Holloway makes him out to be. 

If there is any commonality left with the French vein in 2020 America, we have seen it in our streets with the violence, destruction, and blood-letting too reminiscent of the excesses of the French Revolution. The difference is that French republicanism sought to literally behead aristocrats, whereas now the rage is explicitly racial, focused on whites.

We have not learned to live with each other as fellow citizens. Cancel culture is everywhere, a euphemism for murder. The triumph of the ideas of BLM will literally mean the death of whitey. 

Any conservatism which pretends otherwise isn't worthy of the name.

William Voegeli doesn't know that Oliver Goldsmith's perhaps most famous axiom was written by Samuel Johnson

Are we therefore wrong to look to an Oliver Goldsmith, and then to a Donald Trump, "to lead and inspire"?

Here:

Stipulating all that for the sake of the argument does nothing to clarify how a Trump presidency remedies the afflictions catalogued in this sprawling diagnosis. Indeed, since many items on the list are social trends or crackpot ideas, it’s not clear how any president can reverse the damage being done. “How small, of all that human hearts endure,” wrote Oliver Goldsmith, “that part which laws or kings can cause or cure.” Conservatives invoke this axiom to rebuke liberal social planners, but it also calls into question whether political activity can effect moral and social regeneration. And to whatever extent Americans still look to presidents to lead and inspire through word and deed, Trump’s capacity to advance such causes as virtue, morality, religious faith, and stability is exceptionally doubtful.

Jim Cramer reads fellow Democrat Tim Geithner and suddenly discovers frugality: both men are only five years behind the curve

THE MARKET IS UP 11% SINCE CRAMER SAID SELL IN SEPTEMBER 2013

Jim Cramer, quoted here:

"I think America's gone frugal. Just like our parents, or grandparents, or even great-grandparents changed their patterns of behavior somewhat radically after the Great Depression, I'm thinking we've changed ours, too."

Here's a newsflash for you Jim: America went frugal already more than five years ago. Why do you think things are the way they are?

See Mish's "The Age of Frugality" here, from October 19, 2008, which noted that frugality had finally (!) made the cover of a magazine after he'd been talking about it since at least March:

"Frugality has finally made front page. BusinessWeek is commenting on The New Age of Frugality."

Cramer thinks there's a new opportunity in the "new" frugality. Remember, this is coming from the same guy who told you in October 2008 to get out of the market if you needed your money in the next five years. If you took his advice, you missed one of the most incredible bull markets in the history of investing. Unfortunately, being five years behind Jim doesn't realize we've already reaped the opportunity of the new frugality.

The future?

I'm still with Chris Whalen and Ambrose Evans-Pritchard: DECADES of economic shrinkage ahead. We've already enjoyed the prosperity which the debt we racked up provided. Civilizationally speaking: It's time to pay for all that.

Sorry old boy.

Unnumber'd Maladies each Joint invade,

Lay Siege to Life and press the dire Blockade;

But unextinguish'd Av'rice still remains,

And dreaded Losses aggravate his Pains;

He turns, with anxious Heart and cripled Hands,

His Bonds of Debt, and Mortgages of Lands;

Or views his Coffers with suspicious Eyes,

Unlocks his Gold, and counts it till he dies.

-- Samuel Johnson, 1749

Mortgaged States Their Grandsires' Wreaths Regret

"Yet Reason frowns on war's unequal game,

Where wasted nations raise a single name,

And mortgaged states their grandsires' wreaths regret,
From age to age in everlasting debt;

Wreaths which at last the dear-bought right convey
To rust on medals, or on stones decay."

-- Samuel Johnson, The Vanity of Human Wishes (1749)

Corporations Have Been Considered Persons Since At Least 1775

And not only have corporations been considered persons since at least 1775, the original 13 American Colonies were considered corporations who like individuals subject to their king also owed everything to him.

To wit, one Samuel Johnson, harmless drudge, in "Taxation No Tyranny" (1775) here:

An English colony is a number of persons, to whom the king grants a charter, permitting them to settle in some distant country, and enabling them to constitute a corporation enjoying such powers as the charter grants, to be administered in such forms as the charter prescribes. As a corporation, they make laws for themselves; but as a corporation, subsisting by a grant from higher authority, to the control of that authority they continue subject. ...

To their charters the colonies owe, like other corporations, their political existence. The solemnities of legislation, the administration of justice, the security of property, are all bestowed upon them by the royal grant. Without their charter, there would be no power among them, by which any law could be made, or duties enjoined; any debt recovered, or criminal punished. ...

It is, say the American advocates, the natural distinction of a freeman, and the legal privilege of an Englishman, that he is able to call his possessions his own, that he can sit secure in the enjoyment of inheritance or acquisition, that his house is fortified by the law, and that nothing can be taken from him but by his own consent. This consent is given for every man by his representative in parliament. The Americans, unrepresented, cannot consent to English taxations, as a corporation, and they will not consent, as individuals. ...

A corporation is considered, in law, as an individual, and can no more extend its own immunities, than a man can, by his own choice, assume dignities or titles. ...

That corporations, constituted by favour, and existing by sufferance, should dare to prohibit commerce with their native country, and threaten individuals by infamy, and societies with, at least, suspension of amity, for daring to be more obedient to government than themselves, is a degree of insolence which not only deserves to be punished, but of which the punishment is loudly demanded by the order of life and the peace of nations.

So in one sense the American revolution was a throwing-off of the corporate yoke and the deliberate breaking of a business contract the terms and conditions of which had fallen into dispute, with the added overlay of political philosophy lately inclined to view monarchy as tyranny.

And we thought crony capitalism was a late invention of fascist Italy when America was actually born of it.

Republicans Vote To Continue Spying On Americans, Trashing Fourth Amendment

Wired.com has the story here.

The so-called conservatives, Republicans on Wednesday voted once again to subvert the constitutional principles for which they forever protest they stand.

Why is it that the loudest yelps for the constitution are heard from the chief abusers of the Fourth Amendment?

David Stockman Misses An Opportunity: The Warfare State IS The Welfare State

The New York Times is only happy enough to run an op-ed from David Stockman, here, attacking the phony conservatism of the Republican Party since Ronald Reagan, in which he rather relishes pointing out, among other things, that when push came to shove Rep. Paul Ryan "folded like a lawn chair" and voted for TARP:

Thirty years of Republican apostasy — a once grand party’s embrace of the welfare state, the warfare state and the Wall Street-coddling bailout state — have crippled the engines of capitalism and buried us in debt. Mr. Ryan’s sonorous campaign rhetoric about shrinking Big Government and giving tax cuts to “job creators” (read: the top 2 percent) will do nothing to reverse the nation’s economic decline and arrest its fiscal collapse.

Mr. Ryan professes to be a defense hawk, though the true conservatives of modern times — Calvin Coolidge, Herbert C. Hoover, Robert A. Taft, Dwight D. Eisenhower, even Gerald R. Ford — would have had no use for the neoconconservative imperialism that the G.O.P. cobbled from policy salons run by Irving Kristol’s ex-Trotskyites three decades ago. These doctrines now saddle our bankrupt nation with a roughly $775 billion “defense” budget in a world where we have no advanced industrial state enemies and have been fired (appropriately) as the global policeman.

Mr. Stockman never once calls this Republicanism what it is. I suppose if he had the Times wouldn't have printed it. And I don't know how he really could since his family is allied with liberal social positions anyway. Paul Ryan isn't the only phony conservative liberal around.

But the truth is (someone's got to say it) the warfare state since Reagan is another consequence of liberalism, expressed as a failure of nerve with respect to conscription. Good wars are wars for which Americans more or less readily submit to the draft, fight successfully and end relatively quickly. They have the consent of the governed and are representative wars, conducted as they are by a cross-section of the population. Bad wars don't have the consent of the governed. And so these must emphasize among other things protecting warriors and civilians, not destroying the enemy's ability to make war, and are all too often fought to draws after protracted efforts. These cannot be conducted except with compliant volunteers, who come from more or less distinct sectors of American society: the South, and poor minorities. And these volunteers require enducements in addition to a commitment from government to their safety, such as citizenship, a college education, or a pension. As in the private sector, the military's single biggest cost is personnel, which explains perhaps more than anything the drive to mechanized war in a new form, the vanguard of which is drone technology. Can The Terminator be far behind?

The war in Afghanistan would be long over if we had destroyed its infrastructure, annihilated its people, and salted its poppy fields. But we couldn't do that. That would have been a war crime. And besides, where we would get our drugs then?

Liberalism, you see.


"Yet Reason frowns on war's unequal game,
Where wasted nations raise a single name,
And mortgaged states their grandsires' wreaths regret,
From age to age in everlasting debt;
Wreaths which at last the dear-bought right convey
To rust on medals, or on stones decay."

-- Samuel Johnson

This Idaho Billboard Doesn't Quite Capture It For Me

Instead of "Kills Thousands With His Foreign Policy," I suggest more to the point would be:

"Murders Americans Abroad With Drones. Republicans Applaud."

The political party which lately lays claim to all things constitutional, even showboating by reading the damn thing from the House floor, loudly approves of the president deeming someone a terrorist and dispatching him without benefit of trial. Which is why they voted for the NDAA, an ominous codification of the imperial power of the presidency by a servile Congress.

The Republicans are not the friends of ordered liberty they claim to be. They are the Executive's slaves.

So what does that make you?

"WHY DO WE HEAR THE LOUDEST YELPS FOR LIBERTY THE CONSTITUTION FROM THE DRIVERS OF NEGROES THOSE WHO IGNORE IT?"

Samuel Johnson For Our Overly Political Times

"How small, of all that human hearts endure,

That part which laws or kings can cause or cure.

Still to ourselves in every place consign'd,

Our own felicity we make or find:

With secret course, which no loud storms annoy,

Glides the smooth current of domestic joy."

The poetry is Oliver Goldsmith's, but Johnson wrote it.

Sage Advice

Hermit hoar, in solemn cell,
Wearing out life's evening gray,
Smite thy bosom, sage, and tell,
Where is bliss? and which the way?

Thus I spoke, and speaking sighed--
Scarce repressed the starting tear--
When the smiling sage replied,
'Come, my lad, and drink some beer'.

-- Samuel Johnson --

In Everlasting Debt

The recent decline was almost completely the result of defaults written off by banks and credit card companies, not of consumers paying down their debts:

"Cool" (as in Deceiver)

An adjective of Dutch derivation,

signifying:

neither zealous, nor ardent;

neither angry, nor fond;

in short without passion,

a deceiver.

-- Samuel Johnson's Dictionary

War is the Father of Everything

From the very long term perspective, the spending on World War II which supposedly got us out of the Great Depression did nothing of the sort. It erected an enormous edifice which became the foundation for the present trouble, which is masked in the ever declining purchasing power of the dollar, the 1928 version of which is worth eight cents in 2008, the 1910 dollar, four pennies.

Instead of climbing out of that debt foxhole, we're digging it ever deeper, and the viccissitudes of a history of our own making are raining down upon us a torrent that will become a flood, collapsing the unsupported walls around us. The world knows a worthless currency when it sees it.

Heraclitus taught us that war is the father of everything. Consider the chart above. The very American nation was itself born of monies borrowed to finance its War of Independence. Mark the sudden upticks in expenditure as a percentage of gross domestic product which commence with the War of 1812, the War Between the States, World War I, the response to the crash of 1929 and World War II, the Peace Through Strength policy to defeat the Soviet threat begun under the Reagan administration, and the adventures in Afghanistan and Iraq since 2003. We've been paying for all that with the continuing slide of a fiat dollar.

Jesse thinks the day of reckoning fast approaches: "The States racked up some serious debt in keeping the world safe for democracy in the Second World War. On a percentage basis, it has recently spent a significant amount keeping its financial sector safe from productive effort and honest labour. They will raid the Treasury, take their fill, and then compel the government to confiscate the savings of a generation by defaulting on its obligations, its sovereign debt."

So does Sprott Asset Management, here:

In case you failed to catch it in our previous articles this year, we thought we’d state it outright for our readers this month: the United States Government is on a trajectory to default on their obligations. In its current financial condition, it will not be able to fund its forecasted budget deficits and unfunded Social Security and Medicare promises on top of its current debt obligations. This isn’t official yet, and we don’t know when the market will react to it, but there is no longer any doubt about the extent of their trajectory. There simply isn’t enough taxing power, value creation or outside capital willing to support its egregious spending.

The great imperative of our time is to bring spending to a halt, or as Jesse says, to need little, and want less. Willingly or no, little and less await us.

Yet Reason frowns on war's unequal game,

Where wasted nations raise a single name,

And mortgaged states their grandsires' wreaths regret,

From age to age in everlasting debt;

Wreaths which at last the dear-bought right convey

To rust on medals, or on stones decay.

Samuel Johnson