Vaughn Cordle, CFA’S Post

Vaughn Cordle, CFA

Ionosphere Capital Research5d  Edited

George Orwell wrote: “We know that no one ever seizes power with the intention of relinquishing it.” He also wrote: “Power is not a means; it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power.” “When the modern corporation [think Big Tech] acquires power over markets, power in the community, power over the state and power over belief [media], it is a political instrument, different in degree but not in kind from the state itself. To hold otherwise — to deny the political character of the modern corporation — is not merely to avoid the reality. It is to disguise the reality. The victims of that disguise are those we instruct in error.

The beneficiaries are the institutions whose power we so disguise. Let there be no question: economics, so long as it is thus taught, becomes, however unconsciously, a part of the arrangement by which the citizen or student is kept from seeing how he or she is, or will be, governed.” – John Kenneth Galbraith, the Anatomy of Power The Illusion and delusion of Democratic Socialism. “Technologies will lead to monopolies. This is partly founded on the Marxist idea of concentration of industry. “Economy of size doesn’t necessitate monopoly. More commonly, monopoly is the result of collusive activities in collaboration with the state.

The erosion of democracy through socialism follows several sequential steps. While agreement on planning for a “common social goal” may be achieved democratically, it is not supported by agreement on the complex steps needed to achieve it. “As the complexity of central planning becomes apparent, democratic socialism reveals the inability of democratic assemblies to carry out the planning. Inevitably, technical tasks are delegated to separate bodies, relinquishing democratic power. The agreement that planning is necessary, combined with an inability of democratic assemblies to produce a plan, leads to louder calls for governments and even individuals of government to act on their own responsibility, free from cumbersome democratic procedure. Central planning inevitably becomes undemocratic and worse, often ends up totalitarian.” —The Road to Serfdom by Friedrich Hayek #power #progressivethinking #socialism

  • No alternative text description for this image

Leave a Reply

Your email address will not be published. Required fields are marked *