Limestone Roof
Limestone Roof

Tuesday, March 24, 2009

Dispensing largess and everything after...

This quote from Jerry Pournelle has been posted in other places and echoes what Russell Kirk wrote about the dissolution of civilization. This notion that the Vapid One will throttle back spending after this reckless binge is complete bunk.
The sad truth is that democracy itself is often unstable. Intellectuals lose faith. Democracy is not flashy. It falls out of fashion. The intelligentsia feel scorned, unappreciated, and turn to new theories.

There are other pressures. Republics stand until the citizens begin to vote themselves largess from the public treasury. When the plunder begins, those plundered feel no loyalty to the nation—and the beneficiaries demand ever more, until few are left unplundered. Eventually everyone plunders everyone, the state serving as little more than an agency for collecting and dispensing largess. The economy falters. Inflation begins. Deficits mount. Something must be done. Strong measures are demanded, but nothing can be agreed to.

In Weimar Germany the price of a postage stamp went to 8 billion marks. In China, Latin America, many of the new African nations, inflation has exceeded 1000%. The middle class is destroyed. The economy collapses. Democratic institutions cannot cope.

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