The Passive Investor

Bush, Paulson and company, and that includes John McCain in that company, say that the government's passive investment in the critically decisive economic sector of finance is not a long term commitment.

The rhetoric is laughable. Validation of a system of finance with a commitment to returning it to its former condition as soon as we are out of the crisis it creates is an absolute farce! Should we laugh or cry with this deliberate ignorance, avoidance, of the empirical method of verifiable hypothesis?

The trickle-down hypothesis and the consolidation of wealth into organized entities too big to fail does not even remotely resemble the free-market capitalism these neo-conservatives say works by, not allowing for it.

One very famous classical economist said that the farcical contradictions of capitalism will indicate change to a socialist legitimacy of government--a switch from state capitalism (not a free market) to state socialism (not a free market). In both cases the critical element of freedom is compromised for the greater good, the General Welfare.

For those that think socialism cannot happen because consolidated capital is too powerful, we see very clearly the strong tendency for consolidated power to switch its legitimacy to maintain a bureaucratic relevance to its clientele in order to survive. This is the bureaucratic model of power combined with the task of administering the political economy (the capital).

Empowering the bureaucracy with the primary task of ensuring a free and unconsolidated marketplace in priority, of keeping the means of power unconsolidated, is an easily testable, verified, hypothesis and a practical alternative to the other two classical alternatives that we erroneously think is the inevitable fate of our freedom.

Considering that details of the buy-in Action Plan do not exclude the possibility of the taxpayer paying the shareholders a dividend by determination of its directors, effectively paying the corporate to receive the bail-out money, and that the decision would not include the government, The People, as passive investor, effectively suggests Hamiltonianism isn't dead yet. If the legitimacy of the socialist solution can be corrupted, this is exactly where it would start, by directive.