Recently, many commentators in the mainstream media here in America and abroad have gleefully announced the death of Capitalism and Conservatism. We are to believe that the Reagan Revolution has been routed like Ewoks without Luke, Leia and Han.
Conservatism and Capitalism, I can assure you, are both alive, though not so well. These twin pillars saved America and the free world from feckless impotence of Jimmy Carter and the very feckled and potent ambitions of the Soviet Union; they will not crumble in the face of Barney Frank, Barack Obama, Nancy Pelosi or any other mental midget on the Left.
Conservatism, while not dead, is homeless. It was run from its home by Republican greed, avarice and incompetence. I don’t agree with John McCain on much, but we do agree that Republicans came to change Washington, but Washington changed Republicans. Spending has run unchecked, earmarks and wasteful programs have run rampant. These new toys have led Republicans to lose their way and compromise their principles. Perhaps four years in exile will focus the party’s attention and lead to meaningful reform. It will at least lead to new blood.
Capitalism is not dead, but it has been framed for murder. Capitalism did not kill your 401(k), Barney Frank did. Had he, Chris Dodd, Barack Obama and others not allowed (nay, encouraged) two government created behemoths to flood the mortgage market with billions in subprime loans, everyone would have been better off. Housing prices would have stayed low, banks would have stayed solvent and retirement accounts would have stayed fat.
Laissez faire capitalism remains the most efficient economic theory. Consider the following: whom would you trust to advise you and negotiate a transaction on your behalf: Warren Buffett or Nancy Pelosi? Donald Trump or Barney Frank? Michael Milken or Mark Foley? Those who have the mental tools to understand the economy make money. Those who don’t, run for office. It is the nature of our world that some politicians will be among the dumbest, least informed, greediest, most incompetent of us. Almost everyone else will do better things with their talents. This is not to say every politician is completely out of their depth, but I would not bet on a majority of them being smarter than my dog. The less the government interferes with your life, your business and your finances, the better.
Nonetheless, it is not yet time to “go John Galt.” This is not the beginning of the end of our way of life, it is end of the beginning. Together, we have destroyed slavery, fascism, communism and socialism. Our task now is to destroy modern liberalism. We must destroy political correctness and nihilism before it destroys us. We will overcome the soft bigotry of lowered expectations and restore accountability and common sense to the economy, the legal system and the government.
Conservatism and Capitalism are wounded, but they will return stronger than ever. Patience is a virtue; capitulation is a sacrilege. In time, we will see the end of the Democratic majority and the Obama administration. In time, we will see an end to the forced charity of “patriotic” taxes. We will see the last welfare check cashed. We will see an end to the tortured twisting of the words in the storied document that governs us. We will see a government that knows its limits, recognizes its enemies and aids only its allies. We will see a strong, proud America leading the world, the entire world, into a free, peaceful and democratic future. We will once again be a shining city on a hill.