Democracy is a Good Idea But it Isn’t Working

November 14, 2014

When our founding fathers set up the country, democracy had not been tried in a serious way. There was fear that an uneducated majority would vote the assets of everyone else into their pockets. Ben Franklin equated democracy to two wolves and a lamb deciding what to have for dinner. They organized a Republic to try and avoid that scenario. It was a good point but there were other issues they didn’t consider.

As it turns our human behavior in the political arena is guided by instinct and intellect takes a distant back seat. For eons humanity had lived under kings, chiefs and other leaders. Rather than elect representatives and rein them in, they sought the equivalents of kings and searched for messiahs. Americans were charged with the task of overseeing government but have always voted as if searching to find a parent to look after them.

Of course candidates for office like the rest of humanity are guided by self interest. It is safe to say that self interest is part of every human transaction. In all but a few cases it is the dominate motive.
With respect to highly ambitious people who run for office self interest as a motive is overwhelming.
In the absence of extreme pressure from constituents representation goes to those who offer the most in terms of helping the elected person achieve personal goals and aspirations.

Since work is a always second choice, selfish interests use government as a way to reap where they don’t sow. Once power has been achieved, holding onto power is too important to let outcomes to elections determine who holds an office. The right to shape public opinion, it turns out, trumps the right to vote as a means of determining who wins elections.

How many times do we hear, “be sure and vote. It is your civic duty?” Voters both liberals and conservatives head to the polls with their mind full of sound bites their minds have recorded from the media. The thoughts folks are exposed to are adopted as personal insights but are nothing of the kind.

Voting has great potential but mind control determines how elections turn out. With few exceptions, the winner of an election is acceptable to the reigning power structure at the time.

In the U.S. the financial sector is the most powerful group trying to gain traction in this election cycle. The majority of their political donations which are enormous are now going to Republican Candidate. Republicans are gaining a lot of power in 2014.

Chances are very good Democrats will now come out attacking Wall Street and the distorted income distribution. They will offer no real solutions but will seize the opportunity to offer a culprit as a way to gain back public support. This is the way politics actually works. Constituents have no chance of being represented by either party. They do get things but only as a means of pacifying them and keeping them comfortable. Politicians have known for a long time if the rank and file suffer too much they will rebel. This lesson was learned very well in the sixties during the Vietnam War. Any changes that came out of the sixties came from citizens working outside the system. It was business as usual at the ballot box.

Constituents will believe anything as long as they are comfortable and made to feel important.The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

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Fantasy Free Economics recommends the following blogs.

Woodpiler Report Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts Straight Line Logic


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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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