The failure of Wall Street this past few weeks is the result of John McCain abdicating his responsibilities as a United States Senator. A stable society rests on the rule of law. The Government of the United States of America was founded on the premise that the government would represent the common welfare of all Americans, insuring domestic tranquility. The means of protection is found in the rule of Law.
Without Law we have anarchy. Watching the fat cats on Wall Street reminds us of the aftermath of Hurricane Katrina – the wanton looting of business when there is no law. This is not symbolism – the literal looting in the flood ravaged New Orleans is not different than the looting of the national banking system by the McCain lobbyists.
John McCain’s Republican Party believes in deregulation – in this case to the point of anarchy. Using their logic it would follow that we should deregulate the illicit drug trade – those people are just business men – Free trade should rule. The market will stabilize the problems. People will eventually quit using mood altering drugs because of some unknown phenomenon called the ‘free market.’
What did McCain think the criminals would do when he got rid of the laws? McCain has the inmates running the prison.
Silly Examples of Deregulation:
- Deregulate education? We should strip the rules of education – eventually people will realize that they must be educated to get ahead.
- Deregulate the airlines, people will learn which airline is safe and which is not and they will only buy tickets on the safe airlines.
- Deregulate the auto industry – without all of those mandated safety regulations the auto makers could produce much cheaper cars. People will gravitate to the safe vehicles. The market will fix the problems.
- Deregulate pharmaceuticals. People will eventually learn which drugs are safe.
- Dump OSHA. People will learn which businesses are safe places to work and they can decide for themselves where they want to work.
These ideas are silly and foolish. But the same logic was applied by Senator McCain. He brags that he is a de-regulator. This narrow and simple minded philosophy has created the melt down of Wall Street. And no one is talking about chasing down the looters. McCain says the looters should not receive more than $400,000 per year. “There,” he pounds his Khrushchev fist, “That will show them.” Senator McCain will soon be taking his shoe off to bang on the table.
What a pathetic show of false morality.
The end result of anarchy (deregulation) is anger manifested by heavy handed government.