European Socialism

I have visited and spent weeks at a time in Europe. On this recent trip however, something clicked for me as I stared out my hotel window at a train station and seeing other public mass transportation moving on the street. In Europe, I think that most people don’t have cars because they’re too expensive.

 

cradle-to-graveFrom the cradle to the grave …

Photo via genius.com

 

Then a friend in Vienna said 90% of the people get at least some welfare. I don’t know if this number is accurate, but the reality is surely very high. It’s socialism to a degree that is almost all-pervasive. My American friends should be aware: we are not even close to this (yet).

Europeans are aware that their administered economy isn’t vibrant or dynamic. They know it’s nothing like the US economy used to be, or even the way it is now.

And they’re OK with that.

It’s but a small price to pay, they think, to achieve the goal of everyone being taken care of. The planners of course enjoy the power over people’s lives, not to mention the endless opportunities for graft. The people, well, they are freed from responsibility to worry about the future. It’s all taken care of.

And then it hit me. What is the ideal for these people (not all Europeans, but the ones who love this system)? They want a world in which the government services them. The government is supposed to feed, water, clothe, shelter, doctor, and move the people where they need to be.

It’s a view of man like livestock.

 

cattle73Feed us, Papa State! The idea of government as a kind of all-embracing parent, or better, as a kind of cattle farmer who regularly feeds is charges, has become deeply ingrained in Europe. It guarantees that the system will eventually collapse, just as Soviet socialism did (it’s just taking a bit longer because there is still more accumulated capital that can be consumed)

Photo credit: gozzoli

 

I am helping put together a series of Monetary Innovation Conferences. The first two are in DC on Nov 13, and Phoenix on Nov 17. This is not just for the right wing, but for everyone from the unbanked to Wall Street. At the conference, speakers will discuss gold and how innovators are using it to solve real problems for real people. Please click here to register.

 

Image captions by PT

 

Dr. Keith Weiner is the president of the Gold Standard Institute USA, and CEO of Monetary Metals. Keith is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. Keith is a sought after speaker and regularly writes on economics. He is an Objectivist, and has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona.

 

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3 Responses to “The Service Economy”

  • No6:

    Funny, there is a herd that looks just like that one down-under!

  • VB:

    Most people in Europe don’t have cars?! That’s bullshit. Many people in Europe don’t USE their cars in the cities, because the public transport is so good and well-organized – not in the sorry state that it is in the USA…

    • Crysangle:

      Tscht VB , he’s a guest .

      It would be an interesting comparison though , public (social) spending on roads and transport vs. benefits or costs to Mr. Citizen , for different countries .

      Nothing like walking for a bit of freedom , but I suppose it depends how far away you want to get .

      Sometimes you need a car to get away from roads , sometimes the roads choose your direction for you , even if you think you have the choice.

      Socialism is like that in Europe , you can walk your own path but socialism makes it harder, while making its offered path easier . Either will do if you are lost , but with socialism it becomes your destination. After you become ‘socialized’ I’m not really sure what is supposed to happen … I don’t think anyone else knows either , but I guess someone will tell you ‘all the same’ .

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