From DAVID ATKINS
It is easy to get caught up in every rivulet of the default crisis as we approach the inevitable cascade of market panics followed by shock doctrine cuts to social services. It is easy to find fault with the Administration for its many flaws in handling the situation, and with Congressional Democrats as well.
But it’s also important to remember the big picture. The big picture is that America is being held hostage by a conservative movement that behaves much more as a bizarre religious cult, than a legitimate political entity. It is perhaps the most dangerous cult to have ever held sway over a major nation-state in modern times.
It is a cult founded on a number of dogmatic beliefs that have no basis in reality. These are people who believe that the inflection point of the Laffer Curve is somewhere in the low single digits, and that cutting taxes to insanely low levels will magically lead to revenue increases. These are people who believe that government itself is basically unnecessary but for a private property protection scheme, and that the unfettered market will provide all that society needs, and will dole out the appropriate price for all goods, wages and services with zero inflation through the magic of the market. These are people who believe it is impossible for humans to affect the climate, and that it is better for humans to attempt to magically adapt somehow to a much hotter world than to do anything to even curb the behaviors that might be making it hotter. These are people who believe that the proper way to punish corporate evildoers is to not punish them at all, because people will simply stop purchasing from corporations that poison their water and air and crash their economies–because the average consumer presumably has the secret market-given wisdom, and magic powers necessary to make financial choices to punish Koch Industries and Goldman Sachs if necessary. These are people who view Objectivism as a legitimate and serious philosophical discipline, and the fictional works of Ayn Rand as gospel to live by.
The fact that no country on earth has attempted to operate by these principles in the modern era is irrelevant. These people do not operate according to facts, but according to a deep and abiding faith in a wholly untested set of principles that can only be put into place upon the destruction of the current order…
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