Procapitalism Op-Eds

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May 10, 2007 ... Now what?

Beyond their election outcomes it is now time for the administrations in Scotland, France and Northern Ireland to get to grips with the not trivial matter of how to increase wealth in their respective spheres of influence. Scotland and Northern Ireland plan on begging for ever more finances from Westminster and the EU, justified by yet another play of the inequality and victim-hood cards. France plans to reduce social spending and encourage the virtue of work beyond a thirty-five hour week. But that depends on the French trade unions and radical immigrants not deciding to make it a long-hot-summer of violent protest and destruction of property, justified by yet another play of the inequality and victim-hood cards.

The difficulty in all these instances is simply that the government generated overburden of fiat-wealth--in terms of money and rights, for example--has drastically undermined the circumstances favourable to wealth creators, which, to significantly reverse as the requisite to incentivise wealth creators without imperiling the stability and electability of government, is the political equivalent digging one’s own grave, for the vast majority of politicians across the EU.

This is the result of democracy being mostly regarded as the formal electoral process and instrument of legitimacy which results in government charged with representing some interests in favour of others, and not, as much as possible, the formal electoral process and instrument of legitimacy which results in government, by way of which, the fundamental rights to life and property are properly protected, so that democracy may be regarded as the hallmark of freedom.

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