Moralizing the Hazard

According to the McCain campaign, spreading the wealth is a moral hazard.

Mainstream economists, and the McCain campaign, argue that without the consolidation of wealth and power, capitalism will not operate to make the necessary sacrifice to produce capital and investment needed to produce economic growth and the wealth for The People. Spreading the wealth nullifies the sacrifice necessary to produce capital and wealth. It is, therefore, a "moral hazard."

Redistribution of the wealth is to be avoided because, as Sarah Palin proclaims, with her professed deeper understanding of what is right and good for The People, giving the wealth away to the people that labor to create it will ultimately make them unproductive. To suffer deprivation of the wealth is the sacrifice necessary to accumulate capital so that The People will be willing to suffer for its creation.

The deeper understanding neo-conservatives have, accordingly, is that the sacrifice of The People--the crisis we are now experiencing--is a necessary condition for the creation of the wealth. Not allowing for it to occur will result in crisis, so the solution to our crisis is to be sure that it happens. Avoiding the crisis is a hazard to be avoided, so we should be sure to continue the Bush tax cuts for the rich, and realizing that is the product of a higher moral intelligence.

In order to have all the things a wealthy person buys but does not need that trickles the wealth down to The People, must be suffered by The People not being able to buy what they need. The result is a debtor economy. Not to allow for the sacrifice is, by the deeper understanding, immoral because it deprives consolidation of the wealth, falsely argued as the formation of capital.

The capital does not have to be consolidated. Consolidating the capital, the sacrifice, causes debt, economic crisis. It always has and always will.

Instead of avoiding a moral hazard, the conservative, Hamiltonian argument moralizes the hazard.

The Good Lord Says: "...forgive us our debts as We forgive those that have debts against us." The McCain campaign has a deeper understanding of this: forgiving the debt, not allowing the debt to be suffered, is a moral hazard. It will ultimately make us all unproductive.

The Lord's Prayer is not just sanctified sentiment for soothing the soul. It is a call to action!

Obama/Biden 2008!