Posts Tagged plutocracy
At the end of my commentary on John Galt’s speech, only twelve hours before Mitt Romney’s debate performance rebooted the race from a potential Obama landslide into a genuine toss-up, I concluded that
If [Randians who have no respect for truth] are evil by [their] own definition and, per Rand, those who face their own evilness must either go mad or commit suicide? Well, the evidence is right in front of our eyes: the Republican Party as an institution has gone mad, and is in the midst of a grand political suicide. Objective reality wins again.
Okay, I’ll be the first to admit that by the end of The Speech I had gone pretty far overboard mimicking Ayn’s bluster and absolutism in my polemic against her. But my point about the nature of the modern Republican Party is sound; what’s changed is that the Party’s truth-free and reality-averse political strategy is working a lot better now. I still think Obama is going to pull out a victory, but the GOP’s “political suicide” turns out to have been a lot less real than it seemed on the morning of October 3rd. So to moderate the hyperbole of my Galt’s Speech conclusions, I’m going to imagine the potential Romniverse — in decidedly less hysterical terms than conservative pundits use when they imagine (and I do mean imagine) the Obamaverse.
First things first: when it comes down to it, I don’t consider a Romney presidency to be the real danger in this election; I consider a win for the Romney campaign to be the greater danger, because it would mean objective reality lost to post-modern relativism and willful ignorance. Even his supporters seem to defend him primarily on the grounds that you can’t believe half the things he says, which is the worst sort of moral complacency (and the sort condemned so rightly by Ayn in Atlas Shrugged).
This moral issue is the true crux of the election. As far as governing goes, I made it clear very early on this blog that there are elements of Rand’s “Objectiverse” and parts of conservative ideology that I can appreciate. Even though I prefer Democratic policies to Republican ones on the whole, it’s really the politics and the rhetoric of the Republican Party that I object to with the moral certainty I played up in the Speech commentary.
What elements of a Romney presidency would I be okay with? The most promising is that if Romney wins, we will get another stimulus bill to help goose short-term economic growth. Even though the Republican House has been the faction blocking more stimulus under Obama, it is more or less a given that Paul Ryan would convince them to reverse their position if they also held the White House. Jon Chait outlines that case here. Despite the infuriating fact that this is a perfect example of the “politics over policy”/”party over country” nature of modern Republican leaders, releasing the hostage economy would be good for the country, so I could take some solace in that.
But when it comes to the other accomplishments of a hypothetical Romney administration that I could potentially get behind, the other elements of conservative ideology I support, well… the situation is more troubling. I am extremely skeptical that they would actually happen. Specifically, I would be in favor of tax reform, a balanced budget, and deficit reduction, which are really all the same issue. But if the history of Republicanism over the last thirty years is any indication, expecting follow-thru on these goals would just make me (and Republican voters) Charlie Brown to the GOP’s Lucy.
After all, both Ronald Reagan and George W. Bush made sure to cut lots of taxes, but never got around to the cutting spending part. They didn’t put government on a diet, they just let it go malnourished. To be fair to Ronald Reagan, even as he racked up debt, he did pass responsible, bipartisan tax reform, and increased taxes several times to compensate for his initial tax-cut binge in 1981. So really it’s just George W. Bush who single-handedly starved America: he moved the country away from a year-to-year budget surplus that would have erased the debt by now, to annual deficits that added $4 trillion dollars to the national debt over 8 years.
Now even though conservatives are constantly pointing out that President Obama has added even more than that in under 4 years, the cause of this massive annual deficit is the spending commitments made by Bush (two wars, a huge expansion in the Medicare entitlement), paired with tax rate cuts established by Bush, exacerbated by a huge drop in actual tax dollars collected due to the economic collapse (which also happened on Bush’s watch). So Republican campaign messaging that blaming Bush is old news, boring, or irrelevant… that’s willful amnesia and defiance of reality.
If we set our expectations based on how Republicans have behaved and not on what they say, then they are far more likely to slash taxes but preserve spending, therefore ballooning the deficit even more. If nothing else, Republican fealty to Grover Norquist blocks any meaningful tax reform.
But what about Paul Ryan? Would his role in this hypothetical Republican government lead to a change in GOP seriousness about budgets? He certainly seems to think President Obama should have prioritized fixing Bush’s deficit problem — even though he helped create it and has actually tanked bipartisan efforts to fix it.
Well, okay, despite that last, incredibly relevant fact, let’s
pretend assume that he’s only been biding his time as a team player on his way to the real levers of power where he can get serious about slashing spending. I still have two concerns about this.
One is that fiscal austerity hurts the recovery. Europe proves this. In fact, the “fiscal cliff” coming at the end of the year represents just this problem: it cuts the deficit too much. And although Republicans want to get rid of the cliff, “cliff” is actually the wrong metaphor because the cuts would take effect over enough time, in future budgets, that they can be adjusted, turning the “cliff” into a controlled landing that actually resolves the budget/debt/tax issue responsibly.
The key word there is “responsibly.” Since the Republican record is so irresponsible, having a Democratic veto pen handy makes responsibility far more likely. A more powerful GOP would happily erase the politically painful (deficit-reducing) parts of the “cliff.” This is, once again, outlined in Jon Chait’s afore-mentioned article.
Chait is really the indispensible writer on Rand and modern Republicanism. In his 2008 book The Big Con, Chait points out that the only part of the Republican agenda that the party never compromises on is tax cuts for the rich. When the Republican Party is in power, Christian conservatives are constantly disappointed by inaction; budget hawks are constantly disappointed by profligate spending; the wealthy are never disappointed.
Which brings us to my second concern about Paul Ryan’s approach to balanced budgets. This one is not about a short-term shock to the economy, it’s about the long-term structure of the economy. As the facts of the last three decades make clear, economic growth under Republican policies accumulates at the top. Tax-slashers today say that the 1% pays a larger share of the income tax than ever before, so it would be immoral to tax them more. But this is another example of willful ignorance: not only does the 1% store a lot of its wealth in investments that are taxed at the lower capital gains rate, but their income tax rates have been cut over and over. So how could their share of the income tax grow when the rates are getting lower? Because they make so much more of the nation’s income! Tax cuts and economic collapse have moved lots of people out of the income tax brackets entirely. The people who don’t pay income taxes still pay payroll taxes, state and local taxes, sales taxes, &c, all of which are taxes that disproportionally affect the poor. Yet the rich, who have gotten richer and richer, complain!
The Romney and Ryan plans explicitly encourage this trend, and history confirms that this is the campaign promise they are most likely to keep. Add to that the gutting of domestic discretionary spending, and we would soon find ourselves in a country with a class of super-wealthy plutocrats paying fewer and fewer taxes while the poor face taxes that eat up a significant share of their income, undermining social mobility, living standards, and both literal and fiscal health. On top of that, cuts in clean energy investment and a draconian immigration policy would undermine the foundation of America’s strength in the middle and late 21st century.
So, hey, you might’ve noticed that my intention to look on the bright side of a Republican victory has hit a pretty solid wall, a wall whose bricks I like to call “evidence,” “facts,” “reality,” and “truth.” Frankly, call it whatever you want. The important thing to realize is that this course which would be a disaster for everyone except the super-rich plutocracy is the Ayn Rand dream scenario. It is literally the plot of Atlas Shrugged, except in real life it is Rand’s version of utopia that is being achieved by corrupt plutocrats and lobbyists taking over the federal government. Rand’s utopia just happens to be the rest of reality’s dystopia.
I think any Republican voters who come across this site probably disregard it, take offense when I say all these negative things about their party. But I’m not talking about them! I’m talking about the people in power, not the masses. The masses see corruption among the powerful and think, “Better vote for the guys who want to shrink government,” but those guys are the ones pulling the most corrupt con of all! And if this indisputable fact is depressing to Republican voters because it proves them to be ignorant dupes, well, the proper reaction is not to hide from reality, but to face it and reform themselves to be more virtuous. Don’t take it from me, take it from Ayn Rand! Her advice for individuals is actually extremely valuable, for the most part, because she loves individuals — it’s her advice for society that is disastrous, because she actively wants to see it fail! She’s very explicit about it!
In accordance with that distinction, please note that the explicit purpose of this post has been to figure out a way to respond to a hypothetical Romney victory with equanimity, to prepare to swallow and digest frustration and disappointment and channel it into something productive and creative. In short, to react like Hank Rearden or Francisco D’Anconia, Randian heroes.
Likewise, I will abide by another Randian ideal, one that she herself failed to live by: facing reality and the evidence clearly. In the context of this hypothetical Romney victory, that means I would have to remain open to evidence that his policies work better than I can reasonably expect of them bsaed on history and logic. But in the far less theoretical, uh, “actual reality,” I must acknowledge that Randian economics, and Randian attitudes toward society and community, in short all those things that Romney and Ryan represent politically — these have been proved by the historical record to be a civic travesty.
More than the economic policy, the social policy, the long-term vision of the role of government, I consider the defining feature of the partisan divide in this country to be modes of thinking. Do we validate a solipsistic philosophy that is closed to evidence, that so willfully defies reality that the weak-minded are dominated and impressed? Or do we reward a philosophy that is open to evidence and evolves, that allows itself to be vulnerable precisely because it is willing to adapt and compromise? As I discussed in my commentary on Galt’s Speech, I consider this issue to be the fundamental measure of moral virtue, and therefore the fundamental reason I’m obligated to call modern Republicanism immoral. Though I cannot speak to the intellectual character of every individual in either party, I can speak to the aggregate character of the two institutions.
So this election is not ultimately a verdict on the candidates. It is a verdict on the nation, the people. It is a verdict on America’s relationship to objective reality. Will we choose to see the truth of our time and place in history and renew our commitment to democratic tradition, or will we choose to ignore the facts of the last several decades and allow ourselves to slip down the road to serfdom under a corrupt plutocracy that has bought the government?
Democracies get the governments they deserve. Let’s deserve our democracy.