Walking a tightrope at full speed
Think you are walking on a treadmill that is accelerating in speed? Well, before long, you will need to
master the skill of running on a tightrope, as the margins narrow and the cord tightens. Falling off the high wire, means
plunging a long way onto a hard surface. If you survive the drop, it would be a miracle. At best, you might expect to be a
cripple. Those prospects seem all too real for many Americans. Today, the economic future resembles the example of an emerging
third world country, more than the dominate cradle of wealth creation. Primitive developing societies seems to be gaining
energy, while our mature economy is losing steam. Is this a coincidence or are results just conforming to a well thought out
Income can be derived from several sources. Most methods fall into defined
|A long way to drop and no where to go
|Why are you walking this wire?
1) Working for an employer for wages, salary, stock options and perks.
2) Engaging in a privately owned business that requires monetary risk and management responsibilities.
3) Promotion and entrepreneur endeavors, using other people’s money, to acquire equity and compensation
without personal investment.
4) Investment of accumulated capital with the expectation of earning sufficient rates of return.
5) Using borrowed or saved funds to gamble, win a lottery or simply pay bills.
6) Gaining a political position or a civil service occupation from the public sector.
7) Join a clergy that will supply your earthly needs.
8) Relying upon family resources, charity or social welfare programs.
9) Involvement in illegal activities of stealing, extortion or counterfeiting that takes or makes the money.
10) And the last and most successful means for acquiring, controlling and growing income - by directing
and ruling economies - taking percentages of tribute in varied forms of interest, fees and manipulated markets.
We all are subject to some form or combination of the above. The timely and fundamental question becomes:
Is your individual income situation improving or has your cash flow declined? Your answer may reflect at what stage you are
within your earning years. However, as a society the current trend has the following dismal anticipation:
1) High paying jobs are vanishing as careers become far more uncertain and scarce.
2) Private businesses are hard pressed to sell at a profit or survive against corporate monopolies.
3) Returns from investments are minuscule as risks out strip rewards.
4) Inflation in basic and essential goods and service continues to rise.
5) The purchasing value of your money declines in worth.
This is a formula for a significantly reduced standard of living. The ordinary consumer is assaulted each
time they attempt to provide for their family. When wealth shrinks the cost of survival extracts a much higher price. If bare
essentials demand more sweat and guile, what are the prospects of most citizens keeping pace with a declining engine of affluence?
Spiraling expenses for advanced education pushes most families to the wall or shackled with enormous debt. A common response
is to remain single, childless and reduce expectations for a comfortable habitat.
Others take the opposite approach and continually demand from government that “free” services
expand and become a ‘right’, while those still productive are sent the bill for payment. Deficit spending never
disappeared, and is back with a vengeance. The continuous cycle of the tread wheel is not new, but its acceleration and the
scarcity of alternatives has raised the stakes dramatically. Today, the future for the American economy looms uncertain, if
The short circuit that has blown the economy, stems in a design flaw with the conversion from a free enterprise
economy to a corporate/state redistribution system. Socialism in any and all forms is the tormentor and foe of entrepreneurial
innovation. Wealth cannot be created by legislation. Capital cannot be earned without its access and availability to fund
commerce. However, when macro economic policies are intended to restrict or eliminate the means to secure private financing
through a system of public favoritism, the consumer is relegated to the inferno of usury credit card interest rates. The small
businessman is edged out and often removed as a competitor. Only an apologist for elites will claim there is any sort of a
level playing field.
NAFTA is a fine example of an organized transfer of riches and resources from productive domestic enterprises
to foreign operations. The U.S. manufacturing trade deficit tells the tale. This is real money migrating from our economy, resulting in permanent lost jobs. The disconnect
that most people undergo from the facts of empirical economic reality, avoid the crucial and systemic problem. State/Capitalism
is not Free Enterprise!
The distinct payoff for elites - that direct and control economies - comes from their ability to make rules
that enrich their crowd, while extracting a constant and incessant levy on the public to pay for the right of living. Most
of the worry and stress that regular people experience, stems from this command and control economic model. The ‘ordained
insiders’ are a band of thieves, not because they profit more than others, but because they steal the future from decent
folk, who desire to live honest lives.
When elites fuse privileged economic preeminence with the coercion of regulated government favoritism, the
general public is left with scraps. If you want to escape the famous fall of Karl Wallenda, the tightrope act needs much more
than a net. No social program will protect the public from this synthetic circus. As long as a top down economic system, masquerading
as legitimate capitalism exists, the people will be forced to walk the wire. Everyone needs income. So why tolerate a ruling
class and their grandiose scheme of paying unending dues to sustain and further their advantage?
SARTRE - June 15, 2003