Wednesday, March 19, 2008

It's the Money, Stupid!

"Money is the root of all evil" is a concept that's been around forever. It's probably more accurate to quote the Bible, "For the love of money is the root of all evil." I Timothy 6:10. Just because it's an ancient concept does not mean that it has no currency today. It's not the money itself but what men do to get it that's at the root of it all.

Aside from the recent bailout of Bear Sternes, coupled with the decades-old S & L bailout we're still paying for, estimates are that we are stuck in $2-3 trillion dollar war in Iraq and Afghanistan. In the good old economic analogy, "guns or butter," imagine the common good those trillions could have accomplished: social security fixed, medicare funded, energy independence implemented, inner city schools fixed, mortgages saved, etc.

But bailouts and wars are good for the economy - and vastly better for a few than for the many. Those same few take their billions and spend it to further insure and protect their interests. They lobby to block solutions to major problems and contribute obscene sums of money to political campaigns to make certain new policies and programs never interfere with their profits.

If you consider any of the major problems facing us, it is not difficult to figure one which of the few, big money interests will be working against any reasonable solution. If it's health care solutions, the drug companies, insurance companies and medical supply companies will be doubling timing to protect the status quo that is working so well for them. Energy independence, carbon emissions, global warming - count on the oil and power industries to spend billions and more to protect their present investments, including those in Middle Eastern oil.

Perhaps the worst and most comprehensive evil generated by the love of money is the selling of our democracy. Today only a billionaire can run for national office without the money from the few big money interests - whether corporate or PAC. And how naive to suppose that there's no quid pro quo with those huge contributions. The buying and selling of congresssmen is a relatively unregulated, open market. Until we get the money out of the political process, we should expect little in the way of real solutions to serious problems. It's the money, stupid!

1 comment:

Anonymous said...

I agree that the war is a waste of money. I disagree that it has anything to do with butter.

We could not have fixed the domestic crises nearly as easily as you argue. The war is funded by enormous debt. Therefore, should we have fixed social security, funded medicare, implemented energy independence, funded schools, helped with mortgage relief, we would have also been doing so by borrowing money.

So it's not as easy as you imply. Nevertheless, the argument for making those changes rather than killing people is compelling.