Colonialism and slavery is just what we did then, even if it was wrong. Who were we to argue with the powers that be? Times were different.
Pumping up land prices, is just what we do these days, even if it does keep wages and profits low and generates debt, poverty and impossible mortgages; that is, except for banking and other rent-seeking monopolies whose do quite well from rent-seeking. That’s just what we do.
“Who are we to argue with the 0.1%?”
“Look what “Occupy Wall Street” achieved. Nothing.”
“…. history exhibits us, at different periods, in the act of casting our sword into the scale of every European state. In the meantime events have proclaimed, but in vain, how futile must be our attempts to usurp the sceptre of the Fates. Empires have arisen unbidden by us; others have departed despite our utmost efforts to preserve them. All have undergone change so complete that, were the writers who only a century ago lauded the then existing state of the balance of Europe to reappear, they would be startled to find, in the present relations of the continent, no vestige of that perfect adjustment which had been purchased at the price of so much blood. And yet we have able writers and statesmen of the present day, who would advocate a war to prevent a derangement of what we now choose to pronounce the just equipoise of the power of Europe.”
England, Ireland and America, Richard Cobden, 1835
Nice interview. Yes, George Gammon, governments don’t create wealth. But neither will they allow the asset markets to tank, as they should do. So, thank God governments are meanwhile investing in people and businesses, so they may help to create wealth – until the asset markets can no longer be kept inflated …… and then some!