All Aboard!

I'm fairly sure that—in America in July 2020—few if any people are vehemently opposed to federal government financial bailouts. We've been acclimated to it fairly well, every few years, since the airline and steel bailouts from the early G.W. Bush years after 9/11, and more memorably The Great 2008 Bailout of financial and automotive corporations, but regular people then felt, rightly, scammed by congress and the fed. Corporate losses are socialized but their profits kept, whereas regular folks are left to shoulder not only their burden but the risks of the rich as well. 

Regular people have now, I think, come round fully on the bailouts, now that they get their share. People have been forced out of work so, it is thought, they ought to be helped out in the same way the big companies are. Fair enough, really.

So Summer 2020 I'm fairly sure that most Americans essentially support Social Democracy, that is, government paying for, or providing for, all citizens' essential needs. The Left, to its credit, has increasingly become upfront about this. The right still dances around the issue of its socialism with euphemisms like "safety net."

 Peter Schiff summed the contradiction perfectly on Twitter recently, writing that "Democrats make government bigger and pretend the rich will pay for it. Republicans make government bigger and pretend no one has to pay for it."

The problem is that we the people are rather confused about what we have, what other countries have, and what we want and can have. 

What we have is a crony-capitalist cartel that uses borrowed and fiat money to efficiently and mostly imperceptibly indemnify the rich from losses and an inefficient welfare state that incompetently assists unfortunate regular folks. We also have:

1. a gigantic and profitable private sector where intelligent and capable people prefer to go to make a lot of money
2. a vast, expensive military, the function and utility of which is not known to anyone
3. complex regulations and convoluted regulatory agencies
4. many, expensive layers of coordinating bureaucracy to liaison between large departments of lawyers and insurers.

We also have no real desire to have equality of essential services. Sympathetic types on both the left and right may vote for social democratic safety nets, but they still want the best services for themselves. Not only do we Americans want robust, efficient, inexpensive social services for all and the best private services money can buy, but we also want the latter not to harm the former, and still more to have plenty of money left over to live however we want. 

So everybody out of work gets free money, more or less. It doesn't matter whether you're using your stimulus check to put beans on the table or make payments on your BMW. It doesn't matter whether you've thousands saved or none. It doesn't matter whether your business is a barely-profitable startup or you're paying yourself a six figure salary. 

That's why, I think, people are really loving the current stimulus checks: it's free money by which you can live as you see fit and without all the attached social democratic strings, like taxes, egalitarianism, and the belief that the state is a large, powerful, authoritative, binding force of our society. 

This social democracy without the discipline, creates a lot of resentment for people trying to live honestly and independently. It's hard not to feel like a schmuck when you're fellow citizens are blatantly cashing in. 

There's no smooth transition from this incoherent mess of systems and beliefs to either a free market or a social democracy. Simply too many people benefit from this scheme in the short run, and so we're going to ride out the gravy train until it crashes.