Welfare and warfare

3 posts / 0 new
Last post
investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Welfare and warfare

Most people in America associate the Democratic Party with spending on welfare programs and the Republican Party with spending on warfare. Until reading Niall Ferguson’s brilliant The Ascent of Money, I never realized that welfare and warfare have gone hand in hand for over a century. The immortal German warmonger Otto von Bismarck was the first politician to introduce social insurance legislation in the 1880s. His reasoning was not strictly humanitarian. According to Bismarck, “A man who has a pension for his old age is much easier to deal with than a man without that prospect.” Bismarck was a shrewd politician who realized that when you provide people something for nothing, they will vote for you. When you go to war with France, a population sedated with entitlements is more easily malleable and controllable. David Lloyd George rolled out pensions and national insurance in Great Britain prior to World War I in order to win votes. Politicians began a century of addiction to welfare programs, as the poor voted for those that promised them the most. The world has now reached its limit of unfunded promises. The financial crisis in the last two years was caused by politicians throughout the world promising benefits to their citizens and paying for these benefits with borrowed money. Margaret Thatcher aptly summed up what has happened:

 ”The problem with socialism is that eventually you run out of other people’s money.”

The world has run out of other people’s money.

http://theburningplatform.com/blog/2010/07/19/welfare-warfare-featured-a...

rkopf's picture
rkopf
Status: Martenson Brigade Member (Offline)
Joined: Sep 4 2008
Posts: 29
Re: Welfare and warfare

I agree to everything, but i would like to add one thing. In the times of industrial revolution, the elite class actually needed the poor as a workforce for production. In times of automatisation or outsourcing of manual labour, this is not the case anymore, which makes the situation dangerous here in europe, where welfare states and benefits are crumbling, and retirement promises wont be kept.

They dont even need the poor for warfare anymore, which is done by computers and robots

land2341's picture
land2341
Status: Gold Member (Offline)
Joined: Aug 20 2009
Posts: 402
Re: Welfare and warfare

The problem with unregulated capitalism is eventually you run out of people to rob.

Every single "ISM" has limits.  What we need is less argument over which ISM we currently have or which ISM we should be afraid of, and more talk about how to create a new ISM for the times that are coming.

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments