Friday, October 31, 2008

Some Campaign Reflections and Thoughts on Redistribution

There really hasn't been much to say in the last month. Despite the intensity of the campaigning, not much new has been introduced. Just a lot of rehashing of the same silliness we've been hearing for the last two years. I think the most comical/scary moment has been John McCain's repeated condemnations of Barack Obama for not being willing to support nuclear power, "unless it's safe." What exactly he means by this, I'm not sure. I keep waiting for him to follow it up with, "I pledge to support nuclear power even if it's not safe." He never quite goes that far, but it's the clear implication. I'm don't exactly understand how anyone could be opposed to safety, and in fairness, he probably isn't, but it's kind of scary that he's trying to make a campaign issue out of this. I guess I'll just attribute it to silly season.

Then, there's this whole bit about redistribution of wealth. I'll admit "spread the wealth around" was probably a poor choice of words on Obama's part, given its popular associations with socialism, but his proposals really are anything but. Conservatives and Republicans like to throw around the word socialism anytime a liberal politician talks about helping the poor, but they seem to lack any real concept of what the word means. Socialism is defined by the collective (or government) ownership and control of the means of production. Under socialism, essentially, all private enterprise is eliminated, everything in the economy is centrally planned, and everyone is a public employee. What the Fed is currently doing with the banks comes closer to socialism than anything Obama is proposing. Obama clearly believes in capitalism and private enterprise. He just wants to make sure that system works for everyone. The beauty of capitalism is that people are supposed to be rewarded for their innovation and ingenuity. The problem is, the way the system is working now, some people are permanently shut out of that opportunity. By increasing access to education, by making sure anyone who's working full time can pay their medical bills and put food on the table for their family, we open up capitalist opportunities for more people. Liberalism, as it was once said (I don't remember by who), will save capitalism from the capitalists. Does this involve some amount of redistribution of wealth? Of course it does. The way the market has been working lately it has been rewarding all the wrong things. The government's responsibility is to create sensible regulations to make sure the right things are rewarded, so the economy can operate in a fair and equitable manner. If John McCain is really opposed to redistribution, he needs to scrap his health care plan, endorse a flat tax, call for the elimination of medicare and medicaid, and any other federal programs designed to help the poor. If not, he needs to tell us why he thinks Obama's redistribution scheme is somehow worse than the one he's proposing, because so far, it seems people just aren't buying it.

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