It has often been said that poverty needs no explanation. It's the natural state of humanity to be poor. What needs an explanation is why, at rare points in history, a society emerges in which a significantly large fraction of its people are economically well-off.
Any explanation for this phenomenon that credits governmental policies such as are espoused by our current political leadership, however, is a non-starter. The reason can be illustrated by a glance at a basic difference between economic conservatism and economic liberalism. Simply put, conservative policies are designed to make everyone wealthier whereas liberal policies ultimately make everyone poorer.
I don't say this to score a cheap political point, but rather to highlight an obvious truth. Liberal nostrums such as high debt burdens, high taxes, burdensome regulations on commerce, and heavy disincentives for taking economic risks - the very fuel of the entrepreneurial system - all have the inevitable result of stifling productivity, reducing jobs, and diminishing net income.
It makes one wonder why anyone would favor policies which have such baneful effects. I suspect the answer, in many cases, has to do with the liberal notion of social justice. As long as there's a disparity between the top and bottom classes in a society then that society is, in their minds, ipso facto unjust, and the greater the disparity the greater the injustice. Liberals tend to assume that if you have wealth you must have gotten it by taking it from someone else and therefore it's the role of government to take it away from you and return it to those you have exploited.
The most just society, in their minds, is one where the distribution of wealth is relatively uniform. This is certainly Barack Obama's view and he has said as much on several occasions. In this view, wealth is static. There's only so much to go around. The notion that wealth can be created and multiplied is outside their ken. So their goal is to redistribute what wealth there is so that everybody has roughly the same amount.
Conservatives, on the other hand, argue that the better solution is to give everyone the opportunity to become wealthier by, in part, inculcating in people a set of values that includes getting an education, staying away from alcohol and drugs, not having children outside of marriage, getting married and staying married, having a strong work ethic, etc. Nevertheless, such disciplines are hard and liberals think it basically unfair to expect people to impose such severe restraints upon themselves. It's much easier to simply take the wealth from those who have it and give it to those who don't, and this is the path that liberals almost always endorse.
Of course the easiest way is often the most foolish way. As soon as the upper classes realize that their hard work, sacrifice, and deferred gratification is being exploited to subsidize those for whom such exertions are anathema, they'll soon enough decide there's no point in subjecting themselves to those ascetic rigors any longer. Indeed, why should they toil when they can't keep but a small portion of what they earn anyway? Eventually, the goose will die and the golden eggs will stop flowing. There'll be no more wealth to redistribute, and the U.S. will become a giant second or even third world nation.
That's the likely end result of the President's policies whether he intends it for us or not, and it's becoming increasingly difficult to think that he doesn't.
RLC
