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Hypocrisy runs deep in both Democrats and Republicans

No surprise to anyone, Democrats like legislation/regulation particularly related to income re-distribution while Republicans chastise all for too much government regulation as they put statutory and, worse, Constitutional constraints on personal matters like Gay marriage, and, eventually, sex acts. But the hypocrisy does not stop there.
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By Glenn Dorfman 

No surprise to anyone, Democrats like legislation/regulation particularly related to income re-distribution while Republicans chastise all for too much government regulation as they put statutory and, worse, Constitutional constraints on personal matters like Gay marriage, and, eventually, sex acts. But the hypocrisy does not stop there. There is bi-partisan support, with U.S. Chamber of Commerce backing, for PIPA and SOPA. Not surprisingly, the anti-regulation U.S. Chamber of Commerce is all for this so-called anti-piracy legislation. Why can't the Judiciary be used to sort through this quagmire in a more market-driven manner? I will tell you why. Because in the end, this will not be about piracy; it will be about fences to competition.

This is why we keep hearing so much about the nonsense of "Main Street" businesses versus the "Big Box Stores." Rational consumers support the lowest priced goods or services no matter from whom they are provided, period. Less regulation means less regulation. The movie/music businesses have been gouging consumers for years behind anti-competitive fences. We owe the price drop of recent years to the competition from the Internet. These moguls will have to learn to produce more efficiently and live on a smaller profit. This is what Joseph Schumpeter meant by capitalism's "creative destruction." We must end selective "capitalism"/semi-socialism and embrace the whole deal in order for us to evaluate capitalism's real systemic value. Business/politicians/voters cannot have it both ways.

From Capitalism, Socialism and Democracy (New York: Harper, 1975) [orig . pub. 1942], pp. 82-85:

"Capitalism, then, is by nature a form or method of economic change and not only never is, but never can be stationary. And this evolutionary character of the capitalist process is not merely due to the fact that economic life goes on in a social and natural environment which changes and by its change alters the data of economic action; this fact is important and these changes (wars, revolutions and so on) often condition industrial change, but they are not its prime movers. Nor is this evolutionary character due to a quasi-automatic increase in population and capital or to the vagaries of monetary systems, of which exactly the same thing holds true. The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumers, goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates.

From Schumpeter emerges a great irony: If Capitalism is anti-status quo, how can Republican's embrace it since it violates one of their core philosophical principles:

Many contemporary Republicans voice support of strict constructionism, the judicial philosophy that the Constitution should be interpreted narrowly and as close to the original intent as is practicable rather than a more flexible "living Constitution" model.[24]

John Adams, a Founder and conservative Whig, worried that a businessman might have financial interests that conflicted with republican duty; indeed, he was especially suspicious of banks. He decided that history taught that "the Spirit of Commerce ... is incompatible with that purity of Heart, and Greatness of soul which is necessary for a happy Republic." But so much of that spirit of commerce had infected America. In New England, Adams noted, "even the Farmers and Tradesmen are addicted to Commerce." As a result, there was "a great Danger that a Republican Government would be very factious and turbulent there."[28]

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Are any of you as tired as I am of being told how to live your private lives by socialist-religious Republicans or Democrats who want people who saved and invested all their lives to "share" resources with spendthrifts or fools. Both sides have full taxpayer provided guaranteed pensions and health care for life. Personally, I have had enough of both. What can you do? Do not give money to any politician this election. Starve them of the mother's milk of politics unless they sign on to doing away with Legislative Pensions and Socialized Health Care that they receive. No more raise taxes on the guy behind the tree but not me, and no more cut spending except what they get! Enough is enough.

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One has to enjoy this: Gingrich, the "starve the beast Republican", bragging about how he paid higher taxes than Romney. Of course, it was the Bush tax cuts that enabled capital gains and dividends to be taxed at 15%. Gingrich earns his income as wages and Romney as capital gains and dividends. This is the difference. Gingrich, obviously, doesn't save and invest but rather is a big personal spender. Just what we need in the White House, an unapologetic Keynesian!

Glenn Dorfmann is a curmudgeon of sorts, with the heart of a poet. Email him at gsdorfman@csensesol.com

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